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Full Show 3-8-19

Mar 8, 2019|

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This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Well is they Friday here in the first Friday after a whole week of the month. Means that we get a big jobs report the job BO that's the Bureau of Labor Statistics puts out its jobs report every. Well the first Friday of every month pretty much and we're gonna dig into that they've also got a little bit of China chatter which is nice little phrase that I just point and I think he has some nice to literate of properties. Ross can tell you what cities. In the United States in particular New England tend to be the hottest cities. The jobs right now chuck might and we got Matt behind the board talkers out today berries out today. But you can keep me afloat action so we knew that mispronounce his last name a couple of sorts. It's tradition. Yeah I mean it would be an immigrant out that. Our guests think aria are ACC that's what you gotta remember. That's good that's good hoot who sings that does that. Real threat or is that Reid frank and excel is okay. And I don't know on. What will move on an up and I'm not a music guy a more of a finance guy so let's talk a little bit of dollars and cents a year. It's as if you're a little bit Cherie. Introduced in the jobs report I don't know there's much Beecher that will. Here's the thing so it's it's not a good jobs report but it's it's one jobs report when it's all said and done what we got today. 20000 jobs created for the month of January that's well below estimates that we had. A 17280000. Was the expectations of the headline numbers not particularly good. Unemployment rate ticks down to three point 8% but it's largely because you had 200000 people drop out of the labor force. And then the on the wage front he actually are continuing to see some pretty decent wage growth with wages if we were a year over year. And take a look at where wages are right now and in again active mobile us does this stupid thing with hours worked were they they try to calculate how many hours people work week. And it never moves just kind of fluctuates between 34 point four and 34 point three. So it took the actual that the combination number when you look at hourly wages and average weekly hours you take that Newt do you look at it over the course the last you know year and you say okay. What does that get us to in terms of wage growth when it's all said and done now and when we do that. We come out with three point 1% on a year over year basis now if you you know just look at hourly number to about 3.4 percent but. North 3% right now which is near good good wage growth that's what you like to see in a healthy economies and that three to three and a half percent a year. If you're seeing below that it usually means that you're not seeing enough wage growth to keep up with expenses. If you're seeing it above that. Usually means that hiring starts to get prohibitively expensive for companies and they start worrying about a Qaeda we not hire people because we keep paying the more and so forth. And maybe start to see. You know companies making hiring decisions you know where they say gee we don't want a pay increase wages. We're snuck in hiring. So I think the Wade's numbers actually kind of you know where you want to see it but the headline number that that 20000. Just isn't particularly good in that again is on the establishment serving that's they go out they survey companies and they say how many jobs do you act. The other piece and he gets up in the Adam get a there's a fight you've gone the other piece is they also do this household survey in this is one where you know last month that showed just you know ridiculous amount of jobs created. Well we ended up seeing here for the number employed okay. It still showed you know somewhere in the ballpark about 200000. On the household survey sees their circuit counseled and told me 200000. Employers thome 20000. What's the potential reason could be something where you just have more contract work being done more 1099. Which you know it's kind of the way things have been trending here. But there's this divergence that needs to be resolved at some point because it can't just keep building for a pretty if it doesn't just build forever fact that your. So let's talk. Talk about. One of these things are very very thoughts and you cannot look at just one month knows. You're right in this one job report was really quite bad we haven't had anything dissed every have anything this bad in twenty Tina the get go back to late 2017 to have a job report those quite this bad yet but it. The last two months of your average the last three months you're still over 200000 jobs created and in addition if you look at the estimates that people have put together for the last three months. You had. December the yesterday it was 177. Yet 3121000. Fiesta in January is 165 he had 304000. And then we missed this estimate DS and was 180 for this for February and we had 20000. But if you look again the last three months. On average in total you have created you know 1141000. More jobs. Then the estimates were anticipate yes with one bad month I. The headline number which is a lot of things that people are we talking about on TV today and it's you know likely what's moving markets a fair bit down today. The headline number I'm not to put too much stock into. No I think until you see a second one or third one of these it it's not something that worries you too much. That the counterpoint to it is you you take a look at some of the surrounding data via any sit there and say it's it's just kind of this nasty picture where. You know we we get adjusted to point out some of the stuff that we got this morning as well. We get China trade data that was sure a massively disappointing aspect into effect the US jobs report the note is it for the same month. But he get back coming at you see continued weakness. In autos housing been kind of a mixed bag actually seen maybe a little bit of bottoming and housing it seems like. Partly I think helped by some lower rates it was an example. You saw up permits and housing starts data that we got this morning but actually both came in about 3% about 4% actually above expectations and maybe you've got a little bit of stability that's happening in the housing market which knows no bad thing. But it's it's a case where you know on on the jobs side of things the big thing. That's I gleaned from this what when he take a look at this job of putting in the headline number I don't think you can necessarily say. You know matters a ton right now it's your it's concerning but it's it's one data point into the get a second or third. There's not much that you can say on this the one thing that I continue to find interest in here is the way that wages are trending. And you know where when you see wage growth in the three to three and a half percent range it's good it's healthy there's no problem their neck and like the fact that we're seeing. What happens though is if you start to get wage coming in at 456%. Indian we're nowhere near near some of those numbers at that moment. But when you start to get towards those numbers. It creates this problem more companies have to pay more for workers' earnings go down. Drives profits down and that's something we're in the US economy that's built on corporate profits he telly but today's world is built on corporate profits not on individual wage that's just the way it is. If you look at how the economies built it's built on the back of stocks today which I think is wrong but it's also fact. And the problem is if you have weaker corporate profits eventually that's going to weaken the US economy. In the short term in the long run it's a good thing but it cause a short term slowdown and that's something that the people need to be you know cognizant. Yeah. Little bit more just on those earnings numbers are year over year earnings were up 3.4 percent you saw a pretty big jump in the non supervisory earnings witches yes which is to access the really you know the lower end of the pay scale. Under employment group that group dropped from eight point 1% to seven point 3% that's a very pretty big drop in the under employment level yeah it was pretty. It and I believe. That that number I'm pulling up the the chart on a just so want to. Take a look at the trying to pull up right now to see exactly where it stands I believe that's the lowest number that we've seen on the use six. Ian he gets somewhere in the ballpark went twelve for thirteen years make it's you know we have to go back the last time we saw the use six that low. Ups are actually it's further than that the last time we saw the U six this slow was back in May of 2001. CF to go back eighteen years just about. To get to the last time that that underemployment rate was this slow. Yeah that's impressive I guess that's that's nothing to sneeze about that is really impressive to see here must have that we had unemployment disclosed back in 2000. Yep it's the use three numbers so it's like if you've got a really good situation overall. If you have a job today the one thing that this suggests is. Hate you know there could be something happening with corporate hiring but it's too early to tell to one data point in you can't glean anything from that one data point. I think if you wanna take the positive view of this jobs report you can say that wages are going up but not an today hyperinflation type of rate. They're going up you know at a sit steady three and a half percent level which is definitely sustainable. You saw a weird number in the number of new jobs created but that could just be a blip on the radar and it could just be you know. Future solid jobs growth but nothing you know Kris you the next few months. If you want to be very negative view of this you could say look there is a worker shortage and that 3.4 percent number is going to increased dramatically over the next eighteen months. Which could be an indication of current and future inflation. Along those lines eight timely article from the Wall Street Journal that I pulled out to talk about today even before we got some employment report the headline is companies seek to fill skills gap by retraining their own workers. Effectively companies are trying to figure out hey had we hire the people that we need and they can't find people with the skills that they are looking forward Saddam Hussein. Hey instead of looking outside the company in order to via fill positions. They're saying hey we need to start looking more internally in providing more training to people that we have in our company's. Yeah yeah yeah okay being goat talked to. Any carpenter or plumber welder. You know I I talked to people they're in their seventies that thought you know hammered in wave retired by now. But it's you know they're earning more than ever have in their lives in this trade in the aliases there's no way I mean all still. Worked twenty hours weeping and getting paid big time right now and so a lot of people that. One not a lot of folks that are our age have the same skills in this area so it's a lot of frankly people who have been doing it for a number of years that are staying in the workforce now because there's nobody else doing it. Oh we lost a lot of these skills back in 2008 during the Great Recession. When people said man I can't work in construction industry is that jobs disappeared and then we just didn't backfill the training. Known and in what he saw David a lot of those people that left the construction industry after that. You know if you look where the money went in the years after a lot of those people said okay meaning retrain whenever me making me money right now. And one of those people went into the oil and gas industry you know became you know people involved in construction. You know with all the production going on at North Dakota in west Texas and Pennsylvania. And so a lot of those people it's not even just that. A young people are picking up those skills also. Eight older people moved on from those industries in the where money was over the last decade it's we've got a shortage in in those areas. Let's take a break and when we come back we're talk a little bit more jobs but this time. What are we talking about the hottest labor markets in the country both big cities. And smaller ones will billion on exactly where you were sitting stands. After this. Mean this there's the charts graphs and numbers all day and just listen to. Us it's the financial exchange with Barry Armstrong and chunks of on the financial exchange radio network. 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And ask for your free retirement guide today guide includes your very own retirement check policy can make sure you're hitting all the right boxes that number again is 803934001. You can download it right now and Armstrong advisory dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated hi everybody it's very are trucked 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 string. But I don't think people really understand. How they can be used and why they're so valuable to the small business community. They spare yet we have been really focused on providing small business lending in the local community and local business owners. And the programs that are available power very helpful so we are preferred SB under the what that means is that. We can quickly make decisions and under rates small business loans and house. Andy can be used for right purposes for small business owners give us an example. Well one example that recently happened was there was a restaurant and he urged that was growing very rapidly they are always full occupancy. And the space next Jordan became available. So they wanted to. Take on that space need capital to sort build out. The rest Ron. And you know was about a 300000 dollar loan. About it how many years did that 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 it's grown tremendously them as just wanted one of many examples in what they're landscaper or. Factional services unit loan officers that are available to blog talked a small businesses we have dedicated small business lenders. Folks if you wanna learn more about small business loans cult leader bank it one of the best in the business 8776917. B 900 is their phone number. Or visit them online leader bank dot com 8776917. B 900 Unita small business banking partner. Leader bank is the one to think about. 8776917900. Security suffered two securities America each member senator SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange in an instant. By texting us at 63566. Start your extra keyword Barry and become a member of our brand new textbooks tell us what you think 24 sevenths right here on the financial exchange radio network. It's. And. It's jobs Friday in order take this for a little different spin here the where the heck did I get this from I think it was from the Wall Street Journal it's actually from the department of labor's where the Davis from. For pretty much what they did is they ranked the hottest big city labor markets. And then also the hottest small metro labor markets in the country saying hey where's the best place to find a job based on a combination of unemployment rate. Labor force participation. Employment change. Weekly wages and they say hey we're that we're the best places to get a job. So here's the really good news for new England and number of New England cities are near the top. When we talk about big city labor markets Boston Massachusetts ranks is be forced hottest in the country behind only Salt Lake City. San Jose California in Austin, Texas. Good company. I agree it's good company but I'm a little bit disheartened that there aren't many other or really any other northeast cities here are making it the top two. Providence was 25. Yes all right but that's 2552. Yeah but here's the thing look at who who probably inches above problem it's is above Atlanta which was you know in consideration for Amazon. They're both San Diego which is the everyone wants to move to San Diego above Miami emulate you know big cities that province is coming in ahead of ahead of Los Angeles. You know. Now granted like you look at some of the other cities have been okay greats at a Cleveland. Yahoo! you know you in the queen's don't there's somewhat of a Renaissance right now it's hurt partner. Our first Hartford's fourth quarter there not a Great Britain not integrate spot there so. You know particularly good. The small natural labor markets they looked at 324. Different metro areas so if you're in the top thirty you're in the top 10% of these small ones. Number 31. Manchester, New Hampshire yep pretty good some answers New Hampshire top ten percentile. When it comes to small labor markets Portland Maine number 41 sue again kind of in the top 15%. But as you mention there's not a ton of depth there the next when did you get to on the list is Worcester mass. Which is number seven the so I'm a top 25%. There but you know not up there and what I found interesting. Springfield which we've talked about having you know a whole bunch of you know good things happening there in the GM and mass mutual's moving a whole bunch of workers there. They don't make this list actually at least in the top hundred so not the top third there and I've found that. Somewhat you know disheartening given all of the you know positive news that we've heard about Springfield. It's still pretty quick get on to this list. And again you know this is really a list that talks about the growing. You know labor force and potential for new jobs being hired there so. New York for instance which we all know is a you know economic powerhouse but it's lets his 49 on this list because the labor force is downs your point 3% year. Taxes are high there. Cost of living side people are moving away from New York suit it factors all these different things in by the way the number one small city to while work Gator didn't know when small city for the labor market right now in the country. Midland Texas. What movie made me do in Texas famous. There. University Friday Night Lights. I we miles Netherlands and MRI that he got was in Midland Texas and he accused the doctor being from Midland when he told me towards a this is very of the redistrict your questions. Austin, Texas the biggest largely from middle. San Jose California Salt Lake City all beating Boston and then after Boston would be Orlando Florida in Raleigh, North Carolina so. And today. Which truly interesting here is that these big time cities that are seen big job growth. Those labor force this participation rates. Over 70%. Is yeah I mean the national average is that usually 63 point four or something like that which quite frankly take a look at some of the cost of living in the cities and you need high labor force participation rates mean yeah I think about mind him a situation like all of my wife and I need to worked real live in this area. Yeah exact viewers you when you look at the cooler ones kind of at the bottom end. You know Buffalo, New York with 59 point 7% labor force participation rates the UCA clear divergence in things like that by the way. Manchester, New Hampshire one of the other statistics that I like to point out on that the average wage growth over the last year in Manchester is seven point 1%. All of those jobs moved masters after Manchester center cents and one cent a lot of sense I mean that is hotly you you can't relate. Like it's getting a little warm and you're just thinking about the we'll talk about China before we get onto some FaceBook talk to things that you know make everyone happy talk about China and FaceBook. Some tires are happening to them together method that I know like you you really can't right now it to the one redeeming thing about FaceBook is they cannot really operate in China at the moment other than that late there's not a whole lot it's been overly positive. So China's got this whole big lawsuit going on between while way in the United States now. Ends the more I look at this the more than I think this is going to be a problem and it in in these trade negotiations just because. You know what way effectively is an arm of the Chinese state. There is like the they have ties all the way up to the topic of the leadership there. And it's gotten to the point now where you have. The foreign minister in Beijing applauding while way for quote refusing to be victimized like a silent lambs so it's almost. I just wonder if you can have a resolution on one without the other. Yes are you let's start off by just irrelevant background on what the book what they're suing over so the United States government last year passed a bill that said that government agencies cannot do business with wallet that day is written in there and they're gonna be suing under. A a very specific law that says in there's a bill of attained or meaning legislation that targets a person or entity without proper due process. Makes it unconstitutional. And so to be clear you know we have not tried to try while way we have not publicly. You provided and need direct evidence that shows a you've always been found guilty of being the spire arm of the Chinese Government that's what we all believed though I think the dip the difficult part here is that. The US government might now have to prove it and my US government have to go out and show hey this is the type of data that we collected and ease the method we used to go do that. Do you think that's more bears in for the US government or for quality. Apparently while always pretty comfortable with I don't think they're going to discovery on us now I think this drop before it's also not so something that's to give either this past due like. You're going to see this. Dropped and not really made a big deal out of when it's all said and done or I don't think you get a deal because I don't think you can have both existing at the same time. Yeah I mean I would hate to see this get in the way of answer trade deal but this is. In a while way is the example of everything that we talk about when we criticize China's policies. It is the example of data stealing their example of a subsidized. Company. It's it is the perfect analogy of what went out. Quick break or come back we'll go Wall Street walks in FaceBook talk right here on the financial exchange. Life goes on FaceBook. I was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. That speaks theory a great family friendly mountain with something for everyone including. Pay one price program on Saturday night's had a pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboarding do you think rentals lessons tips and entertainment. That's because one of the largest night skiing areas and all of northern New England fans one of New Hampshire most accessible learned to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. For the latest info go to pats peak dot com that's pats peak got a job. Pats peak ski area and had her New Hampshire have. 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To get your free guide today or download it right now by visiting Armstrong advisory group dot com securities are protestors America incorporated member of recipes heat advisory services are printer securities America advisors incorporated Barry Armstrong represented Armstrong advisor group in the securities record companies are unaffiliated. Time now for my whole street watch a look at the market's performance so far today you don't Berrian chug right here on the financial exchange radio network. It is time now for Wall Street watch brought to you by leader bank if you're in need of a purchase or refinance a loan. We'd bank has some of the most competitive rates in New England a dedicated to loan officer will work with every step of the way in their local decision making means a master closing. All right now for more information 8776917900. Or visit them on line to bank dot com member FDIC. Mike talk taking a look first at big lots stores. And their stock today upbeat as well up almost 11% they are there to be a pretty big earnings beats. Now keep in mind stick to it with this started back in December on other guidance between nineteen Britain and the last. It reported quarterly profit to sixty share which beat by 38 cents they beat on revenue beyond comp store sales so. And good reason for them to get 10% this morning. Most gut oil lop off about three and a half percent today but also some news on the oil front in terms of Norway which runs the largest sovereign investment fund in the world. Reportedly going to be divesting of some oil and gas companies despite near kind of Norway's economy being built on the back of the new energy sector what what's going on the exit. They certainly were now this doesn't seem to be. At least what I read. Overly focused on the potentially moral issues that Norway c.s with that investing in oil and gas as some you know for instance college pension funds have divested of that sector. They're still going to hold integrated oil companies but they specifically want to take out the volatility. Of fluctuating oil prices because they see that as a potential to just continue to drop over the next few years. The combination of oil prices being down 3% in this announcement from Norway's trillion dollar. Investment fund has been sending a lot of these companies down bigs UG resources. Down fourth quarter percent Marathon Oil down 4%. Cimarex Energy all of these exploration companies are getting absolutely hammered this morning on the news. Tough day for the energy companies today and take a look around just in terms of the different sectors of kind of where everything is moving in this market right now energy in fact the worst performing sector down 2.3. Percent. The next closest is consumer discretionary which is only down one point 2% energy really. Take it on the chin today and that is it for Wall Street watch presented by. Leader bank. So yesterday would admiral actually that was late Wednesday. Mark Zuckerberg. Announced that FaceBook was going to be. Committed to more privacy too which I said okay well prove it is you know Facebook's not exactly company that's known for anything about. In protecting privacy. What is actually talking about doing when it comes to this privacy push they're making. Yeah I think. What Facebook's really talking about when FaceBook says privacy they don't mean. Hey we wanna keep your data private from ourselves and our advertisers I think what they're saying it's okay we wanna provide more platforms. For people to communicate privately with each other. So rather than posting everything you know about. Near everything about yourself on a public. Forum like FaceBook. The new speed we're Gannett expand our more private options Regan a private conversations with a group of friends on messenger. Or you can you open up a small form of say fifty people to have a debate on this messenger platform. That won't necessarily. The in the public view. But FaceBook still gonna collect the data on it they're still going to advertise to you they're still going to collect all that information and use it themselves they're just saying that there might be shifting consumer practices I think. They're also talking about moving to whup me a more encrypted platforms and things like that means that you know FaceBook in some of those cases might not be able to necessarily see in if it's true and end encryption. But you know it's the question I think is do they kind of you go that route. With full and end encryption because if they do it also then prevents them from police in the content on their platform which is something right that they've tried to do cease and unity go and how the heck are they gonna balance all this and I think the answer is that you know as you mentioned. This isn't truly build towards you know FaceBook saying oh there's more privacy for people as far as you know how we're gonna user data. But just tape we're gonna try to appeal provide additional platforms inside the FaceBook. And even though you call it beyond ecosystem. Where you can talk privately. And there are gathering there are moral issues when you get to the you know full intent encryption too I mean. Let's say face the dust are focusing on that hey we wanna beat the provider of letting people have private conversations that. Can't be viewed by others well. We all remember what happened with apple over the last few years. We literally had people that have been charged with terrorism using the encrypted platform and Apple's. On Apple's phones and then having it you know state claimant saying look. We are not going to date yet on un encrypt that state of four so I mean Facebook's jumping from one pretty in a pot of boiling water to another here. They are this takes us to our whole question of the day upon financial exchange of dot com have you reduced your FaceBook usage. Over the last year yes or no there's no answer maybe. So what is no financial exchange showed dot com whether or not you've reduced your FaceBook usage again you can vote yes or no in our poll question. And we'll check you in just a little bit as to whether or not to our listeners are reducing their FaceBook usage. We now have an early leader in the clubhouse for. Craziest CEOs at their mountain now we can't top tennis here. Not when I was going to go with is statement most likely to have been issued by EC EO either with the tremendous lack of sleep or on drugs like. This is. This is from the company that owns LeCroy beverage which I love. Which I don't drew them either one of my favorite is very popular. I'm I'm gonna read this verbatim just one paragraph bit because it's it's not it's. We are truly sorry for the results stated the ball. Negligence nor mismanagement or willful acts of god we're not the reasons much of this was a result of injustice that talking about the bad earnings. You need to say in just seen just an estimation. Managing a brand is not so different from caring for someone who becomes handicapped OK full stop. Why. Managing a brand is not. So different from hearing from someone who becomes came handicapped that is from the CEO. Of this company. How we comparing running accompanied taking care of handicapped person here's how did what they said. Brands do not see your here they are at the mercy of their owners or care providers must provide the dignity and special character that the brand exemplifies. I. Bouts. Yeah yeah. As an owner you did not provide dignity to a brand. OK more importantly. If you are caring for handicapped person. You don't provide dignity to that person you they have it for themselves can only be taken away can't be given to someone that just makes no sense there. It is important LeCroy is true character is not devalued intentionally in any way to pretty much you saying don't sell our stock because we had a bad quarter also. The fact that your talking about intentionally devaluing your brand the fact that you even have to say that. Means that did and now question did somebody at your company potentially devalue your brand. Like what. Is this talking about an outcome ahead to this the finished just I think that this ends rather well as well. Just ask any LeCroy consumer would you trade away that law off feeling. No wait they shall we just borrow LeCroy I'm positive they respond this way each and every time so. I've always said in bears always said that the job of CEOs to promote the company and promote the stock to promote the growth we've now gotten to the point where. Apparently the results from the company were not. Particularly good as the stocks down 16% on this new and now down to 120% product is people read this like what the hex going on there. By this really shows above and beyond the bad earnings so you can have a bad quarter but when it comes to your stock. You'd as the CEO you have a really important job you know this and well what Griese. This guy just white data fifth in the value of his company. And I'm not saying that that was all on him but I guess and five of the twenty maybe quarter of that lost today it was based on his. Weird crazy commentary. You know this reminds me of and it in this again comes from a product I've parts you know you like LeCroy but sure you can say hey this is nuts I would I have a pair shoes from all all efforts yeah. And the guys here at about three months ago we did we not did but we reported on an interview that the CEO given where he said. We're not just a shoe company world lifestyle and I'm like no you make shoes like the just admit that you may there's nothing wrong with making news I think you make really good shoes but don't tell me. That you're not a shoot your lifestyle like. No you sell shoes when you wake up in the morning you mixed use in sell them you don't sell me. The fact that I'm going to be adventurer you don't sell me the fact I'm gonna be off the beaten path you sell me shoes. I make the decision to be an adventurer off the beaten past. But you sell me shoes LeCroy you do not sell me dignity you don't sell your brand dignity you still sparkling water that's flavored. There's nothing wrong with that but just admit what it just you just go out. Conference call say take. A lot of other you know companies and brands have gotten into this is based there were operating in -- during what we can't combat that and it's a more competitive environment and let this quarter. That's needed to say it and when talking about you anymore no doubt would not be in our new stack up that it happened. Now we would not have reported on has had it not been for this completely ridiculous. Statement made in there earnings report. Let's talk a bit about hostile actually you know what let's take a break in the we're gonna talk about cost of raising their minimum wage we tell you how lights going and what's going out the company right after this break. Stuff fits and starts talking to build. Oh you're portfolio includes the financial exchange with Barry Armstrong and chuck signed off on the financial exchange radio network. If you've been looking for high yield account for your savings look no further than leader bank's eighteen months CD they're offering amazing annual percentage yield is 3% when you open the account with a 100000 dollars or more take advantage of this incredible offer by calling leader bank and grow your savings today the number to call is 8776917900. And you can also visit them online at leader bank dot com again that's a whopping 3% EPY and all you have to do is open the account with a minimum of a 100000 dollars to earn that AP wise for more information call leader bank at 8776917900. Operators are standing by to take your call and answer any questions you may have so don't delay get on board right now with this tremendous offer by calling leader bank that 8776917900. That's 8776917900. Or blog on the leader bank dot com fees could reduce earnings -- -- penalty may be imposed for early withdrawal new money only leader bank a step ahead member FDIC equal housing lender. Proper state claiming can be the difference between retiring comfortably or living out your days under incredible financial pressure creating an estate claim is not a difficult process but it can be if you aren't working with an expert who can make sure that your claim is secure Todd let's do host of the league to exchange radio show has a new guide out this month told the top estate claiming mistakes and if you don't read it before you build your plan your putting your assets at risk not to mention severe tax consequences even if you already have a plan there's information in this guy that will help you correct an issue that could come back to bite you in the years to come. As an example are using a realty trust or Willis the only means of a state plan that is not advisable at all. Do you live in Massachusetts and are planning on moving to an estate tax free state if you are you'll still have to pay Massachusetts a state Texas these are just a few of the issues you could run into their took all right now 8668485699. And get your free guide the top estate planning mistakes colleague 668485699. Or download the guide right now from our website legal exchange showed Dodd John. 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 do you think rentals lesson tips and entertainment that's because one of the largest nights in areas and all of northern new England and is one of New Hampshire most accessible learned to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. The latest info go to pats peak dot com that's pats peak got jobs pats peak ski area and had occurred there. Hampshire Chesapeake seven inches premier ski and snowboard mound is hosting my whole life and we cannot march 9 and 1050 festive and dressed in your best Hawaiian health as the man of steel rail jam is on Sunday march 10 we're snowboarders and skiers George why they should become the man or woman of steel get your Tony 1920s when he sees it passed in March for the best rate for the lays info go to Pat's Pete 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 purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage cold now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there aren't just vote go to financial exchange oh god come and test away. We need some change. And then I didn't know. Who who. So we're talking last segment about how you know look Roy's there there their earnings report came attached with. A complete just rambling. Mess of garbled English from their CEO. And you talked about all the brand identity in this not. And attacks from 50 wait it was a bike shop a few months ago in the sales guy tried to get me to bias Cruz mountain bike by saying. This spike helps to convey it left of center identity. What is something how what why can't you just buy a bike for being a bike in convey your identity was through you walk. News save us so yeah that's the second part of the text so it's just you know cut the company's. They've gotten the point now where it would drop Matt. It's a screwdriver took companies have gotten the point now where they. It almost feels like they feel bad just selling their product. You know they have to sell you on one so he was feeling. I want like I'm just I'm over it at this point we just sell me eggs just sell me a boy just sell me shoes. Are people. Asking that. Yes but I think that's another problem altogether. That companies are responding to their people asking for you want my real fear in world this comes for him for its all social media driven. It's all social media draft. It's people want to be able to make take that picture they can post on social media. Oh look here's the lifestyle and living adds it's because we're so obsessed with image today largely because it's just so easy first post our image. And we curing everything that we post there that what we're building just isn't real and so pay if it were concerned with you know putting fake image out there. Then yeah if companies wanna sell some fake image world more happy to oblige him that's worth it comes from. Moscow raising minimum wage to fifteen dollars an hour now because they're being told to across the country of a because they say. Q we can't get enough workers pay in painless and so would a second time they've raised in the last twelve months that they raised it from thirteen to fourteen just past June so only eight months ago. In so their reason and again now from fourteen to fifteen and so my question is how was how was Wal-Mart attracting an employee's right. I don't know but they pay weightlessness. This is the kind of thing when when we talked about inflation coming. This is how which shows up at first is is this type of thing and so you know it's it's great for workers. But eventually if you get to a point where you say it easily do it's it starts to get a little bit nutty but Costco you're saying look we're going to fifteen bucks an hour. Last year's Tony eighteen to median worker Costco was paid 30810. Dollars Amazon 2000446. Wal-Mart 191177. Dollars how possible. Now I am I I actually don't know it's very confusing but I'm wondering if some of this is not comparing. Apples to apples hours. If maybe they're saying hey most Wal-Mart employees are like 1520 hours a week Christmas Costco yeah toys are 3035 I don't know on and yup I don't know where this data exactly came from this is a dad this is a article from the Wall Street Journal but I don't know where the actual data came from. I'll snow you know Costco in general despite the fact that it's you know big warehouse store it tends to target anymore. Affluent consumer and so I wonder if despite from a location perspective in there and air if there may be in areas with higher wages have been no less kind of you know areas with depressed wages you know world wheeze in and Wal-Mart has more repressed yeah thank edged I don't know Costco operates and you know. Did the rural south pretty much and in the midwest I don't know there's big so wonder if that plays in here. Folks if you are landlord or property manager ray collection. To be very challenging specially if the only multiple properties leader bank has a program. The can help you told C deposit and it's another free program that streamline the opening of tenant security deposit accounts. They're totally digital experience was the deposit all you do be open an account online you invite tenants and their information. Many manage all the security deposits. He deposit also automates many of the compliance headaches for landlords such as generating count disclosure forms and even sent annual interest payments. Directly tennis just what you're supposed to. It's easy to get started. Just call busy deposit team it's 7816418691. Z deposit is a free program so if you're away order property owner. COLT today and make it that much easier to collect and manage security deposits 7816418691. Or visit the mono line is he deposit dot net. Leader bank a step ahead member FDIC. I was just looking by the way yet there's a there's a pretty heavy cost of concentration. In. Northeast. And you know along the border with Canada locker she's been. The they're in Canada as well but they're in the big cities in Canada so high Toronto and Montreal and then a very heavy concentration in California Oregon and Washington. Yes a location probably plays a ruled that those salaries as well. Did you guys know that there is now one at blockbuster video store left in the world quite frankly shocked it's even. Do you know where it is now I guess I do that in light does he read the article taking guesses to where it is now what state. At a you know to state. To be different country. Take. France it's an organ. Which I've gloves which I'm told as the France of the United States so you know you pretty close. It's in beta or again. And it is the last one in existence now that the second to last one which was in Western Australia somehow it ended up closing. It'll blockbuster. Do you remember when there's some if you go look it up there are some fantastic. Quotes. From the blockbuster CEO of the week ninety's early two thousands when Netflix was just coming out. And he was just railing on its laughed at him. What do budget junctures he's Netflix guys delivering dvds in the mail that'll work. Oops if you know at 9000 stores at their pay I have to say. I hope blockbuster makes comeback I always love it a comeback story. And go from 9000 stores down to your last one in then maybe like a triumphant comeback somehow. I mean it's not going to be on the arms renting movies X do you think they still have VHS. What could what else can blockbuster rent. I mean blockbusters and moved in in these days necessary needs to just applied to movies so that let's think about that any good tax in. To protect the show how blockbuster should make their big come back. Our text number 6356. Sects the different video games I Easter and video games from blockbuster. Did but III hope they make a comeback kids it's something that. From a personal perspective back and look at true underdog story in I don't think there's any bigger underdog in America today than blockbuster probably not probably. You know it is so there's one left it's in Bend, Oregon which now makes become one of his band organ but the last blockbuster. And it's it's still there for now at least get it while you can. Taken a quick look at markets Dow off 100 points S&P off sixteen NASDAQ off 41. All in negative territory at the moment. Still a lot of trading to do today. To all the time we have on this hour of the financial exchange. But we're coming up with a whole lot more talk on China jobs and going on with ECB telly in just a little bit. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visible leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. That speaks theory a great family friendly mountain with something for everyone including day and night skiing snowboarding snow tubing aired a special pop. Pay one price program on Saturday night's head to pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboarding do you think rentals lesson tips and entertainment that's because one of the largest nights in areas and all of northern New England stance one of New Hampshire most accessible learned to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. Phillies info go to pats peak dot com that's pats peak got jobs pats peak ski area and had occurred there. Hampshire Chesapeake seven inches premier ski and snowboard mound is hosting my whole life and we got to march 9 and tenth the festive and dress in your best Hawaiian health as the man of steel rail jam is on Sunday march 10 we're snowboarders and skiers shores why they should become the man or woman of steel get here Tony 1920s when he sees it passed in March for the best rate release info go to pets. 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 8776917. B 900 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 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing lender MLS armor 449250. Subject to credit approval leader bank a step ahead. The money matters radio network WB MW 11:20 AM and W 275 CM FM good Boston the money matters radio network. Hi this is chuck and Mike from the financial exchange we're talking today about planning for retirement it's a big thing that you need to plan for. And really is the kind of thing that you only want to do once you don't want to have to un retire. Mike one of the things that people have to sort through it discussing a you know what's the aged. France between myself and my spouse. Our am I retiring her we both retiring are already retired. If your spouse is pulling in a whole bunch of income while you're retired it might not make sense to pull your Social Security right away. So consider a bunch of factors but a big one is also life expectancy and that. Definitely comes into play with sort of security. In addition to Social Security another item that people have filed when it comes to retirement pensions. Is that the same type of conversations seem to have the calculus the people need to go through certainly there's a lot of calculus there but there's oftentimes even beer one with pensions and narrow bit more rare today which is. What sort of survivor benefit to a and the option to take a my pension. It's not always clear cuts and I would caution you're really think about it especially if you have a younger spouse that might be survivor here. Our strong advisory group has put together and you guide this month it's titled planning for retirement in all you have to do to get it is call 800. 3934001. The go to Armstrong advisory dot com it's free to get and again that number is 80393. 4001. Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. And medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield. The more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Proper state claiming can be the difference between retiring comfortably or living out your days under incredible financial pressure creating an estate claim is not a difficult process but it can be if you are working with an expert who can make sure that your plan to secure top -- to host of the league to exchange radio show has a new guide out this month told the top estate claiming mistakes and if you don't read it before you build your plan your putting your assets at risk not to mention severe tax consequences even if you already have a plan there's information in this guy that will help you correct an issue that could come back to bite you in the years to come. As an example. Are you using a realty trust or will as the only means of a state plan that is not advisable at all do you live in Massachusetts and are planning on moving to an estate tax free state. If you are you'll still have to pay Massachusetts a state Texas these are just a few of the issues you could run into their took all right now 8668485699. Engage your free guide the top estate planning mistakes colleague 668485699. Or download the guide right now from our website legal exchange showed dot com. 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 the name. Come skiing entreaties we offered stiff and related areas to play and and freight train tracks that range from begin streak to eight start teaching. Did you know that Sony keep popping dean most nights being in New England. Nineteen about sales and at six nights a week and the cost of nineteen it's always included in your daily ticket. Johnny PR for his family friends and outs and action packed calendar of events. And fantastic ski and ride programs to get used and you crew on the snow and having fun ski all day and into the night to make plans now it's Johnny. Dot com Johnny peak in southern Maine offer specials this week but New England ski day on Friday still miss the crazy cardboard box race on Saturday. There's a shot at people.com ball and throw in a race he schedule in blizzard pub. Hi everyone I'm doctor Timothy Gallagher founder of Gallagher chiropractic and medical moments and I would like to talk to you about to. Important educational seminar. About breakthrough treatment option for arthritis coming up at the throw clubs in Concord you find yourself unable to do the activities that once enjoyed due to team because you've been diagnosed with our flights being unhappy about your doctor's recommendations of drugs or surgery. Well we have a solution for you stem cell therapy. I know there are a lot of questions and misconceptions out there about stem cell therapy and I wanna provide you with a current scientific literature about this FDA approved completely safe. Repetitive injection that can help you with the arthritic pain please be my guess that the the road tennis club in Concord lunch will be included so register at. Free stem cells event dot com forward slash Concord dash Lexington or call 9782084015. Join us on Thursday march 14 from 1130. AM 1 o'clock PM. And me. This is the financial exchange with Barry Armstrong and chuck sound. 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. It's a jobs report Friday and that means that is in focus for just about everyone today is we. Gonna kick things off had been to the final hour of the morning no one ever describes 11 AM as that but it is the last hour of the morning our morning. And so yeah I guess I guess we have listeners that are in different time zones have. But it's 11 o'clock somewhere and that somewhere happens to be here and we're digging into the jobs report headline number. Bad to quite bad. 20000 jobs created for the month vs 180000 expected if you look at this an average out the previous three months we had 227000. In December of 2018311. In January of nineteen. In this 20000 brings to battle 170000 a month which is where we've been for awhile now so does that include the revisions yes but that does include the revision so the three month average is there it's still kind of rating line it's just pay for whatever reason January seemed to pick up a whole bunch. And February seems to have lost some so we're not quite sure what's going on there. But the headline number not particularly good. Underlying data so mixed it's you know not all good not all bad. You add about 200000 people drop out of the labor force. So that's not necessarily agree thing. You did have the household survey shows that you know we actually had more people come in about 200000 people come in. To watch new jobs though and so that differs from you know that the headline number that we get so there's a little divergence happening there. In wage growth year over year. If you factor in hours worked and hourly earnings now running about three point 1%. And you know still humming along they're not too hot not too cold that low three's is kind of where you like to see wage growth. In a perfect world. The other users of some weird game there's always a little but always a little bit weird data in any of these jobs reports but if construction industry for instance lost 31000 jobs in the month to month that were the whether I guess. A what can you watch movies slowdown in housing. Potentially habit but had to rely on a multilateral Amman it's surprising that I again you know there's always noise in these monthly numbers but. Nonetheless it's definitely treating Jews stock market selloff today because that unity to go to CNBC today stall out job growth could be warning of slowdown. So. All of the headlines are going to be pretty negative today and that's moving markets some. That is interesting that I typically do you think can be a decent indicator transportation. Tens be somewhat of a leading indicator. And we now have two out of the last three months with declines in transportation employment. So that is something that you know I look at that I say. Huff but what's what's what's going on there there's this Upton BO odd that could be afoot there so you know that's something that stands out to me. But again kind of a mixed number overall it's it's this little that when he taken in context of what else is going on. It tends to make me a little bit more negative just because we talked about some of the data overnight we got reports on Chinese imports and exports for February. And they showed exports down twenty point 7%. Compared to a year earlier. And imports. Also down for the month as well. By not nearly as much and so you know you have effectively the Chinese economy which largely still is based on and on and exports yes. Clearly struggling here in in Chinese stocks that would only 6% overnight or something like that it was it was some kind of huge number no was four when I woke up four point four pursue. 64 point four finish OK so four point fours where it ended up closing so. You know you have clearly nearly slowing economy and China Europe has its own slowing economy that they came out two days ago and say hey we need more stimulus try to keep things afloat. And by the way here's where I think we're going with all this when it's all said and done. Guess who's going to be on sixty minutes this Sunday. Jerome Powell. Do the last time a fed chair was on sixty minutes. Bernanke Bernanke during the financial crisis in August when Jerome Powell was introducing himself to average American. It's not because he wants to get to know. It's because he feels you're going to need to get to know him. So I'm not sure I'm ready to move into him moving here and say that because he's going on sixty minutes we should all be terrified. I don't think terrified the right word now now. I just think. Our interest should be peaked yet I think it's important or pay attention here I think drum Powell's also. Finally start to realize that he's got a much different role to play than maybe he thought he did at the beginning of his new job here I think he's finally start to realize hey I need to very much the in place. Reassuring the American public of what we do it by Hewitt and maybe it is just part of that. In theory though if the economy is so strong and if we have all this money floating around what you Jerome Powell need to reassure some. Well I think what he might be reassuring us the stage you know I'm gonna have to raise interest rates and this is why. A lot of the keys and I getting ahead on either way have you seen the the Fed Funds futures projections for the rest easier now they're pretty darn we're now at 825%. Chance that we have a cut by the end of the year. We're in a 25% chance that we have a cut by the end of the year. That's that's a big shift we're just at the end of last year we are still talking to three hikes I was on team won a hike in every once and I was too bearish. And now we're talking about a 25%. Chance of cup for the W cut when you see when you having wage growth like this. Because I don't think it's all about. He so here's the thing I think the US government is in a position where they have to choose what they want. The biggest problem to be going. They can either have the problem be inflation. Listen for anyone who lived through the seventies was not a particularly new on time period you know jobs were tough to come buy stocks lost money for the decade bonds lost money for the decade it was not a good decade. Financially. The counterpoint to that is. They have to raise rates in order to keep inflation at bay but I don't know if the economy strong enough to do that. Incident you're talking about new heading into a recession I think if you continue to raise rates and it I don't think it's because of the US economy. But I think it's the global economy weakening and the stronger dollar makes really difficult for global you know other countries. To be you know that have borrowed in dollar denominated terms to payback whose debts and that creates all kinds of problems across the global economy that. I know it's not a zero sum game but if you were looking at your options is either slowing growth potentially recession verses. Consistent growth but 567%. Inflation what's your pact. It's not so much what my pick is it's what the feds is the only fed chair in the last ninety years who is done at the procession route was Paul Volcker. There is some people argue and I think rightly so that Paul Volcker. Gave up the short term economy in order stabilized for the long term I think that's an accurate way of looking at it. Based on everything that we've heard from Jerome Powell in the last three months he's now that he's he's no Paul Volcker he's just he's not. Another person is not Paul Volcker is Mario drug you with the ECB announcing as I mentioned that they are going to be rolling out this new. Alone platform to try to incentivized European banks to make low interest loans soared to keep the European economy Fulton. Good luck. Write a good luck here the stimulus is gonna do it thing you can't throw stimulus at bricks at. Still wasn't gonna fix it one of the largest members of your economy pulling out of it and doing something different I'm fascinated to see what happens next week in these breads. Votes by the way. You know you've got three votes that are going to be happening with regards to while breaks it in the UK there's one they're gonna be voting on you know the plan again there's another going to be voting shall we delay. There's another issue Regis go hard breaks to the you have three votes that are going to be happening most of the wisdom that I've seen is that they're gonna try to push for a delay the by the way down the wire on this the brakes a deadline right now is three weeks from today. May I I know that in politics nothing ever gets done until it has to but. You would just think when you're talking about. Quick literally pulling yourself out of the biggest market trading partners that you have. Wanna have a little bit more than three weeks to figure out you know what you're gonna do actually when it's all said and done so I find that particularly a distinct. And then the if this comes on the back of you know a a really weak German Economy via Italy looking for money anywhere they can try to be a dig it up in Italy pretty much going over. You know to try saying yeah I'll hop on your belt road initiative as long as you give us money to fund stuff has no one else wants to lend to us right now. So you've you've got a really messy situation over in Europe. These situations where in the short term I think it's if it's probably pretty ugly stuff in markets if you CA hard Briggs it but. And you know when I look at it. These the kinds of things that you can deal with over time it's it's it's really nasty in the short term so. I don't know if the ECB is gonna be able to do anything to stem the tide in the short term in the long run what monetary policy can inflate asset prices that leaves a whole bunch of people behind you don't own assets so. Yeah I guess if you believe in trickle down economics via the asset price inflation shirts the way to go but. You you you can't run an economy through Central Bank which kind of proven that in the last decade. I think most people can agree that Europe was really behind the ball during the last financial crisis of 20082009. They didn't really implement. They didn't implement certain got a government bond buyback until 2015 hours United States it was doing it what 2010. First round maybe politically 2010 early twenties and they're good five years behind us are they had the ball here. Not based on the data linked against Europe when it comes down to it the the core of Europe's economy. Is Germany's manufacturing sector which has been in freefall for the last two or three months now so you know the data coming out of German manufacturing is the worst we've seen in decades so it's not particularly good so. I think maybe they're being a little bit more proactive but I also make the argument. What monetary policy alone it does is popular in the economy changes asset prices but it doesn't build. An economy text from 203 worst to a three. Two threes Connecticut text from 203 helping people be critical lower job growth when there is very low wanna point is a good question action. You know there is a case to be made that this jobs report you might simply be running out of capable qualified people to fill jobs that. That could be something that you're seeing it would not be problematic to me if we saw the average. New jobs created it only running it like 100000 dollars for the next 600000 people for six months yeah I mean I think in general if you look at it that the rate of population growth in the US is running about point 9% so you wanna see job growth that keeps up with that which 12840. A month. If you do that get your fine but you know when you when you get to if you see twenty on a consistent basis it does mean yeah you maintaining the jobs but not necessarily adding them for people coming. You know into the economy into the labor force so it's not so much that you know when he is we have just awful on its face it's just. It's not enough to keep up in the long run if you CDs but one month like this Yancy it's not something. That's gonna make or break the economy. Let's take a break and since it's taxis we're going to be talking about how warm people tend to stretch out their two children Tug O. OK okay I don't know. We've got action movie Friday trivia day that's right it is action movie Friday trivia there's no Barry here and today. We are doing our first Steven Seagal movie to stick around is there's trivia right after this. Break. We showed little tore everything business and finance page the financial exchange with Barry Armstrong in chunks on the on the financial exchange radio network. Most people today are working longer and harder with less time to spend planning for their future but if you want to enjoy your retirement years you better believe that you need a plan hi this is chuck is not a retirement is something that we all think about it all look forward to and that's why we've written a brand new guide to help create a sound plan that takes into account the necessary elements that will affect the rest of your life when you're done working it's called how to prepare for retirement and you can call right now with 803934001. That's 803934001. Learn how to estimate how much money you need in retirement develop a Social Security strategy and decide what to do your 401K investments let us help build your plan like calling getting our free guide how to prepare for retirement call 803934001. Or download it right now from our website are strong advisory dot com. And securities offered to securities America incorporated members in SA BC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Proper state planning can be the difference between retiring comfortably or living out your days under incredible financial pressure creating an estate plan is not a difficult process but it can be if you aren't working with an expert who can make sure that your plane is secure Todd let's do host of the legal exchange radio show has a new guide out this month told the top estate claiming mistakes and if you don't read before you build your plan your putting your assets at risk not to mention severe tax consequences even if you already have a plan there's information in this guy that will help you correct an issue that could come back to bite you in the years to come. As an example are you using a realty trust or Willis the only means of a state plan that is not advisable at all. Do you live in Massachusetts and are planning on moving to an estate tax free state if you are you'll still have to pay Massachusetts a state Texas these are just a few of the issues you could run into their took all right now 8668485699. And get your free guide the top estate planning mistakes colleague 668485699. Or download the guide right now from our website legal exchange showed Dodd John. It's 6 AM clear as a bell and winter quiet I'm watching Mike Pratt turn to steam. If I turn left out of the driveway there's a mountain of paperwork on my desk if I turn right there's a mountainous snow at loon. I aimed at turning bright and work will still be there tomorrow. Bigger between 1920s when he sees them passed now during the season cast flash sale what an absolute lowest prices on next year's passes for just fifty dollars down sale and Sunday choose your pastor at lewd and cnn.com. Play for time is not an easy process there are many factors to consider such preparing for Medicare understand potential tax consequences for your investments in assigning a value to possible health care costs can be a bit like planning a Thanksgiving dinner in not shopping for all the right ingredients folks this Mike Armstrong if you're nearing retirement age he need to get our brand new free guide called how to prepare for retirement it contains a wide variety of information can be critical to formulating a solid plan they'll help you maintain and protect your assets while affording you the freedom to enjoy later in life call right now and 803934001. That's 803934001. Can ask for your free retirement guide today guide includes your very own retirement check policy can make sure you're hitting all the right boxes that number again is 803934001. You can download it right now and Armstrong advisory dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. And I say no you probably think it to step it falls out of the sky at grand more than we see it differently at Kramer's known as a form of art. They craft if you think it through it we make it all went through London and he never ever stop looking for ways to make new conditions that are. You'll feel honored fluke than an hour remaining areas and you see it flying out of our energy efficient snow then. Snow is what leads you fit simply print more inexperienced clincher our way. Get at today's conditions and calendar praising it print more dot com. The financial exchange. Is all murdering an and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. When you're younger. It's. It can. That was that's your choice to play this song. It might have been you know the smile arm when I wake up in the morning so I just got all kinds of like. Gross the only bad memories that's like when your alarm goes off like now I do use this song just is like he kind of eases you into it relaxing to eases you into the day aspect. I never get past the drums coming in there. That's about as far as I usually get their turn tomorrow. Thank you. Let's do it a bit tricky here on the financial exchanged action movie trivia Friday because spared just like action movies and he's not here today so. We are doing action movie trivia and we're doing our first Steven Seagal movie actually about executive decision. Which not to spoil but it's been out for like twenty years now so. The reason that we're doing this is one of the few movies that Steven Seagal actually dies in and so we are doing tributes they based on movie executive decision. Which also does reference the president Barry Mayo likes presidential trivia so this is a roundabout way of doing presidential trivia. Here's the way it works. If you know the right answer text us at 63566. In if you're the fourth person with action of the fifth person with the right answer today. You're gonna get a fifty dollar gas card. And so here is the question in the movie executive decision. What is being name of the modified stealth fighter that Stephen singles team. Uses to board the 747. In the movie executive decision what is the name of the modified stealth fighter that Stephens a golf team. Uses to board the 747. So we're not looking for the stock version. Of the the stealth fighter we wanna know they what's the what's the specific one that they use in that movie. That's modified it allows them to board the 747 while in flight my night. Act in his it was like to bring up just terrible these movies where this one got a 64%. Tomatoes so I think that certified brushes and it is. Really I think above 50% is certified fresh so. Certifies certified credit when it's there you better believe it so text is at 63566. If you know the right answer and will award winner Ian a little bit. Any of either of you file your taxes for this year not added I've not Matt did a prisoner labored to get a refund added hey look at that you spent it already know. Right more bank. Meg what what kind of things that we see as far as you know people get that refund would what do people typically do with and they spend a right way to the pale that what what kinds of things we see that they spent but they don't they apparently they've seen. 80%. Of people that receive them that didn't GO any money. 20% of people still had a bunch of money left over at the end of the day so. You know I was surprised at dollars just hey I got my what you think about all the ads that receive right yeah ACTV ads around tax time to see furniture ads around pastimes or Demi is no is okay people spend their tax treatment and I would note that. Yeah over the government money. And but yeah apparently people actually saved pretty well in days three forever Trace at -- we were talking. Up until. I would say a week and a half ago about how bad the tax refunds have been not not bad in terms. People owing more money but just. Compared to last year they were getting as much refund because they events you overpaid taxes but it turns out it hasn't been quite as bad people were expecting another becoming a pretty decent recent it's been up one point 3% year the year that's the average refund amounts correct. So average retirement now. There have been a lot of actually less people that have completed their tax filing so fewer. But I guess atlas New York scene out not to get a game throw stands Brownstein on Nash era is here. And to me that industry Brett I am awful with I hate that late it's. Sorry no that's that's reasonable. That could just be an indication that hail a lot more people heard and Owings and they're filing ways possible. Yet we we typically see people who vote tend to end up paying later hence. Mike is not yet filed I have not yet filed stamp that envelope on April 18 backhand. Called today the world's largest sovereign wealth fund is scrapping its oil and gas stocks that's the headline from CNBC. It's not 100%. Accurate belt now it's not because they are still investing in some of the biggest oil and gas stocks out there they're still going to invest in integrated oil company. So BP shell ExxonMobil. Chevron they're still going to make investments these companies in this is Norway's sovereign wealth fund it's it has about a trillion dollars in investments and. If you know anything about Norway a lot of the wealth that's been generated their comes on the back of a whole bunch of offshore oil reserves. That because their country that I think what has like four to six million people was not it's not a very big country they have all this extra money float around in smartly they said. Gee we should use this to say for the future and so they built the sovereign wealth fund. In order to be you know effectively. You know earn money on investments and then use that to help pay for things that they you know I need on a regular basis and so PM divesting of you know the that entered the exploration and production types of companies. But keeping. The you know that the big integrated oil producers. This the article didn't really get into that. To deepen the theory as to why they're doing it but I don't think it's in Norway take me moral stance against against this thing. I don't either which which makes me curious are you sit there and say okay. If they're doing this purely from an investment perspective the thesis that they are putting on the table is that the money that's going to be made in energy is not from the drilling. But from the actual you know hate production and then transport in selling of the end product and what does that mean in terms of where we're going. I don't know have enough time and think about it but. You know eat it tells John and a good. Indicator for that sector though because you have the combination of if big sovereign wealth funds saying pay the price of oil a soup too volatile that we don't really wanna be too tied to it. Plus you have a lot of big pension funds a lot of big college endowments. Where there you know there's the people they answer to their students their alumni are saying. Hey we don't wanna invest in this company B we don't believe in fossil fuels no that spells a lot of good things for big investments in oil and ask. But in theory like if everyone's pulling out of those types companies does that mean that there should be less oil being produced down the road and in theory prices would move up. Hypothetically but like if you make if it but the oil and gas card just isn't that efficient and no because it's not like all the companies that do it publicly traded you've got the saudis to pump more oil than. Darn near anyone NASA the trade stocks. No it is not after feeling too well list on an exchange in the last year. Do we do we break coming up after itself I thought it was coming up quick. Break we're back after this. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. Proper state claiming can be the difference between retiring comfortably or living out your days under incredible financial pressure creating an estate claim is not a difficult process but it can be if you are working with an expert who can make sure that your plan to secure Todd let's do host of the league to exchange radio show has a new guide out this month told the top estate claiming mistakes and if you don't read it before you build your plan your putting your assets at risk not to mention severe tax consequences even if you already have a plan there's information in this guide to what you correct an issue that could come back to bite you in the years to come. As an example. Are you using a realty trust or Willis the only means of a state plan that is not advisable at all. Do you live in Massachusetts and are planning on moving to an estate tax free state. If you are you'll still have to pay Massachusetts a state Texas these are just a few of the issues you could run into their took all right now 8668485699. And get your free guide the top estate planning mistakes colleague 668485699. Or download the guide right now from our website legal exchange showed Dodd John. 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. 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 everyone I'm doctor Timothy Gallagher founder of Gallagher chiropractic and medical moments and I would like to talk to you about an. Important educational seminar. About breakthrough treatment option for arthritis coming up at the throw clubs in Concord you find yourself unable to do the activities that once enjoyed due to team because you've been diagnosed with our flights being unhappy about your doctor's recommendations of drugs or surgery. Well we have a solution for you stem cell therapy. I know there are a lot of questions in misconceptions out there about stem cell therapy and I wanna provide you with a current scientific. It's literature about this FDA approved completely safe. Repetitive injection that could help you with the arthritic pain please be my guest at the the road tennis club in Concord lunch will be included so register at. Free stem cells event dot com forward slash Concord dash Lexington or call 9782084015. Join us on Thursday march 14 from 11:30 AM until 1 o'clock. PM at 6 AM you don't meet your form. Doesn't matter my buddy knows the drill anyway because we do this every chance we get. Like a kid at Christmas he's going to be the window skis at the door hot cup of coffee in hand that you dream just in time for first tracks of Linux. Lute is wide open with over 360. Acres of ski across the three mountain peaks thanks to over twelve feet of snow this winter lift tickets starting at 69 dollars only at loon at and T and dot com. I folks this is Mike Armstrong and I'm joined state by estate planning attorney Todd let ski with your financial exchange quick tip of the day. Today were talking about the top state playing mistakes that you need to avoid you know Todd so many people create their state plan but they then failed to fund it. Explain why it is such a big mistake in what we mean by you know not quite funding your state yeah its it's really huge and you've got to look at it from two points of view one. You're spending money after spending money. To put together an estate plan to want to work your right and if you don't put assets in your trust that you create its not working. In two very important respects one if you have a revoke Coble trust. And you don't fund it. Well then of course you're not avoiding probate because all the assets would be your name that's a big problem too. That language in that trust is what it's designed to help reduce estate taxes when one spouse dies. It shelters assets in and utilizes exemptions. There's nothing in there. It's not helping you do that nothing shelter so that that's not a good idea. And from an irrevocable Medicaid point of view if you want it if you're in case you're concerned about doing that kind of planning can you imagine not funding those trusts. Not only do you have all the same problems that we just mentioned with a revoke able trust but one very important problem you never started your five year waiting period. And so if you create an irrevocable trust don't put assets in in five years goes by and you think your assets are protected from the nursing home. There not. You better fund trusts you better and it's something that they you know. They see all the time folks starting these statements but not fining them top let's ski in the estate planning experts at Cushing and Dolan. Have written a brand new guide that details the top estate planning mistakes that you want to avoid you can request this brand new guide by calling 86684. Rate. 5699. That number again is 866848. 5699. But he can also visit legal exchange showed dot com. And download the guide right now again that website is legal exchange show dot com. You might not be able to keep up with all the latest business and finance news but we can fix the financial exchange with Barry Armstrong and chunks out of on the financial exchange radio network. So our trivia question last segment was in the movie executive decision what was the name of the modified stealth fighter that Stephenson calls team used to board the 747 in mid air. The correct answer was the remorse now the base version of the stealth fighters the F 117 nighthawk. This was a modified one with a little climbing tubes they can hook on to the the 747 and climb up in Stevenson goal is tragically killed when they have to break off in mid flight while he's in the tunnel. Whether an answer I. Lauren from Sutton had to correct dancer she's taking home a fifty dollar gas. Trivia today brought you by the arms or advisory group at the markets still volatile now is a great time for review of your portfolio call 803934001. Instead of your free. No obligation consultation today. Once again and numbers 803934001. And by the way my two favorite answer that we got that we're not correct one for six or three the party boss know was not called the party boss shipman and this one from 50 wait answered Bobby hole which. Is neither in the rights theme of the question nor anywhere near the right answer but we should get a Bobby whole answer just about once a week for some reason so. I like the fact that all of us are now dumber. Banks and had I put the fact that we're getting his Bobby hall answer so what is your eyes just a joke fabric as it going past quote. Story out of the Wall Street Journal a hedge fund in this the headline hedge fund toss is family that controls maker of OxyContin what's going on here mine so. Anyone that's been sleep. Under a bit of a rock Purdue Pharma. Which made OxyContin has been accused by all sorts of regulators have read the in the best case scenario doing nothing to. Stand the addiction dopey yards and it the worst case scenario really promoting the over prescription of these drugs to all of the doctors that are out there now. First up and there's plenty of blame to go around here in terms of you know who is responsible for war. The hope you're epidemic but it's producing should definitely played a pretty big role here. And in what's happening here is apparently. This hedge fund he'll deemed capital management. Said it paid all the money that you've invested with the says as a family. We don't want to manage anymore incentive given the money back to this family this tacklers. And you know that there's there's a real shift I think it's happening on. Oh Buick at the moment just in the last year you've got this trial that's going on in Massachusetts. I can't remember should've looked it up. Is it for homicide or manslaughter for the doctor that overprescribed. Or Buick ticket. But you've got that going on. You have you know this that you're seeing here it it seems like you're finally seeing action taken. From a financial in judicial perspective against. OP you're makers and that's something that's fundamentally different from what we've seen over the previous couple. Decades it is and you know it. Good for you at. Hey you've got an opinion on the matter you are not powerful managed known that was earned off of the prescriptions of this of this life changing epidemic. If you take a stand. So little bit of a just change in kind of that the conversation it's happening and hope you it's it's not just people saying hey this is bad anymore. It seems like you're seeing more action being taken. Folks up proper state planning can be the difference between retiring comfortably are living out your days under incredible financial pressure. Creating a state plan is not identical process but it can be if you artwork with an expert who make sure that your plan to secure. Todd lets you host of legal exchange radio has a new guide out this month called the top estate planning mistakes and if you don't read for you builder plan your putting your assets at risk. Not to mention severe tax consequences. Even if you already have a plan there is information in this guide to help you correct an issue that could make. Come back to bite you in the years to come as an example or using a realty trust her will as the only means of a state plan. That is not advisable at all according folks cushion and do you live in Massachusetts and play and are planning on moving to an estate tax free state. If you are you'll still have to pay masters to state tax you could still have to pay masters state taxes. There are just a few of these is just a few the issue that you could run into so called right now the number 8668485699. That number again is 8668485699. And get your free guide the top estate planning mistakes once again call 8668485699. Or download the guide right now from the website. Legal exchange of dot com. So if you remember a few years back during the Obama administration. There's a rule that was put in place by the Labor Department. To raise the threshold. Which. Employees would no longer qualify for overtime up to about 47000 dollars for the way it works. Is if you're over that certain salary threshold. She's not a case where you have mandated overtime. And what a lot of employers felt was that the Obama administration and raise that threshold so high. There's gonna mean that they were gonna have to pay a whole bunch more overtime to workers that now had to be covered by overtime that previously weren't. That rule was rolled back in 2016. By a federal judge who halted November of 26 team. But trump administration is coming out and saying look we don't wanna go quite as high as the Obama error rule. But we do want to raise the threshold 123660. Year earnings to 35300. And eked. So practically what this means there's you know there's a whole lot of people out there that are saying you know. Have a shift manager for a supermarket for instance and maybe I'm making 27000 dollars a year. But I don't make any overtime I might be asked to work on a Sunday MIPS to work fifty hours a week but I'm not getting an overtime pay under this new rule. If you are making less than for 35308. Dollars a year which constitute just shy of seventeen bucks an hour. Then you must be paid overtime for work over forty errors we. And so this is expected to end up impacting about one point three million workers. When it's all said and done who would now qualify for mandatory overtime that currently don't. Yet it again. I don't think that that necessarily means that they're going to get paid overtime here this doesn't SS saying hey these people are working overtime hours and not been paid for them it just means that they are falling within net income. In him up might even be case were companies say. Gee we don't want to pay these people over time now as we're gonna hire additional workers so we have to work these people more than forty hours a week anymore you know so it could be something like that that you see is well. Let's move on to this story that I really wanted to get to just because specially with it being Friday in the look we've got about twenty minutes left in the show so. You know its own goofy before lunchtime because. Long we can get a little hungry I get you know a little angry you know something kind of bubble and up from deep down inside. And so I saw this in on CNBC this morning. It's the five weird tax deductions that the IRS has allowed and it's it's not to say go out and take these today. But you know we always hear about the IRS and it's ORG I hate them they they wouldn't let me deduct this and let me deduct that. It's gonna tell you the good news about the iris is here's some of the stuff that they let people deduct historically. Number one on the most surprising list is breast implants. You wouldn't think that you can deduct them but in 1994. The US tax court allowed an exception to a self employed exotic dancer in Fort Wayne, Indiana. Who said that it was a deductible business X. Benson the iris agreed. And believe it's unbelievable but yet you wouldn't have guessed that but apparently. That's was that's actually more believable acting in the next one which was the private air travel yeah how how that worked so these folks out in California own a Condo. And they weighed fly Dave yeah you you can expense some you can deduct some expenses to go check on your property if you rented out. And these folks were flying eight private jets to their Condo. It to check on the property for the weekend and probably else ago skiing do budget hole yes things they've got to deduct the entire cost of the private flight up to their Condo because they've got to check on the property majors in good shape. This one I also thought was pretty good up pet expenses so there was a junkyard owner. That was allowed to deduct the cost of pet food is a business expense now first you proceeds go what the heck does that junk yard and her cat food for. Well here's the deal junkyard cat that. And got out well. And so here's what it actually was. The taxpayer. Attested that the food was necessary to attract feral cats. There within eat wild rats and snakes to keep the junkyard I was gonna say they're they're good for clearing up the road I'm not sure wizards Bradley clearly haven't operated junkyard well here's my question is when you're talking about this as deduction. Are you doing this as an office supply or as a meal expense. I mean I'm going mean it's it's a 100% deductible bees. These cats or he's technically that you know they should be get in unemployment disability I mean like as a whole big thing for them so you got that going on my favorite one at a these though. Was clarinet Klaas it's okay. Here's the deal so. In nineteen says he done to how pattern medical advice once this is how ridiculous where medical advice but the tax code in 1962. The iris added a provision that allowed a tax deduction for clarinet lessons based on an orthodontist recommendation. That declared it could help correct each child's over bite if they played it. So pretty much if you had a note from a orthodontist saying this clarinet we'll help you correct your over by. You can deduct the cost of the clarinet lessons we need to races can deduct the cost of races entered its. I would imagine is in medical expense again I mean you got to be over the thresholds but sir I just I've found clarinet classes just to be. It's it's up there when it's all that and the the Ferrell cat food I thought were my two favorite out of forget this list wouldn't take a break when we come back Paul Monica's joint joining us not to talk about feral cat food. The Coca-Cola and we'll see what's going on with that company right after this. Brink and include. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network most people today are working longer and harder with less time to spend planning for their future but if you want to enjoy your retirement years you better believe that you need a plan hi this is chuck is not a retirement is something that we all think about it all look forward to and that's why we've written a brand new guide to help create a sound plan that takes into account the necessary elements that will affect the rest of your life when you're done working it's called how to prepare for retirement and you can call right now with 803934001. That's 803934001. Learn how to estimate how much money you need in retirement develop a Social Security strategy and decide what to do your 401K investments let us help build your plan like calling getting our free guide how to prepare for retirement call 803934001. Or download it right now from our website are strong advisory dot com to. He suffered a securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Gary Armstrong representative Armstrong advisory group the securities American companies are unaffiliated. Your dream home is within reach with a Jumbo mortgage a loan from leader bank the Jumbo loan program designed for financing in excess of 500000 dollars offers extra variable rates for both purchases and refinance us all originations are managed by a leader bank's local underwriting and processing teams traditional 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. Proper state planning can be the difference between retiring comfortably or living out your days under incredible financial pressure creating an estate claim is not a difficult process but it can be if you are working with an expert who can make sure that your plane is secure Todd let's do host of the legal exchange radio show has a new guide out this month told the top estate claiming mistakes and if you don't read it before you build your plan your putting your assets at risk not to mention severe tax consequences even if you already have a plan there's information in this guy that will help you correct an issue that could come back to bite you in the years to come. As an example are using a realty trust or Willis the only means of a state plan that is not advisable at all do you live in Massachusetts and are planning on moving to an estate tax free state. If you are you'll still have to pay Massachusetts a state Texas these are just a few of the issues you could run into their took all right now 8668485699. And get your free guide the top estate planning mistakes colleague 668485699. Or download the guide right now from our website legal exchange showed Dodd John. If you've been looking for high yield account for your savings look no further than leader bank's eighteen months CD they're offering an amazing annual percentage yield -- 3% when you open the account with a 100000 dollars or more take advantage of this incredible offer by calling leader bank and grow your savings today the number to call is 8776917900. And you can also visit them online at leader bank dot com again that's a whopping 3% EP why it all you have to do is open the account with a minimum of a 100000 dollars to earn that APY for more information call leader bank at 8776917900. 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Security suffered through securities America team members finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss. Your team to the financial exchange radio network. And joining us on the line now as promised Paul wolf Monica from CNN business Paul how are you today. It it. We don't we're doing well and one talked about Coca-Cola which you know is a company that historically it's been looked at as you know one of those dependable consumer staples stocks and you know you take a work out. It Buffett loves about the drinks it you know it's it into right in his wheel house and you know it's a company that for the last few years though. The stock price has been somewhat stagnant solely up about 10% as far as being a principal preach capital appreciation. In the last five years you still get and you know pretty good dividend off about three and a half percent right now. But what when you look at the business is a whole how would you characterize it today. Yeah and I think Cokie he's a company in transition it's clearly. Slow growth in think that is something that has frustrated. A lot of investors despite that it be dependable. Dividend though when you look at they're trying to. Who pulled away from the sugary soda even diet drinks that are come under fire her you know not being very LP in. Think that there are trying to beat the other areas like milk and water. He cheese isn't it they're growing but not and in eagle and the other problem is they obviously it can't use and usually things Epstein. He has been you know stronger company. The yes acts through it. And rap. When you look at the the acquisitions that Coke has made recently the biggest one I think. Was the Costa coffee one towards the end of last summer I think that was somewhere in the ballpark was close to five billion dollars or they. Is is there anything else along with that it's kind of you know would that that stands out to you was kind of a major Beano focal point for them during this transition. Yeah I mean they've done a fair amount. Acquisitions. Spoke. Water brand ads but cheek. Obviously. Have. You know bought on these past years that it distribution. Carol I know it the you know. But it's a Smart auto brand also sedate they've done a lot. Well there yet turn management and in Turkey porch it's quick it's pepper. But I think they still at the end of the day all beverages and I think he'd be there are some people. Earth Day. Coke would diversify. To use you know like pat here. Maybe you didn't go into beverage area that might be more rapidly growing like all the averages. About. The you'll be experimenting. That can handle it if be. Last but you know CPU is another possible areas and outfitting. You know pain. Get out the. Well growth by acquisition tends to be gay and expensive and and potentially even the dangerous waited to build a business look no further and you know the craft Tynes merger which in the last few weeks. You know as it looks like that company was just over levered through that merger just the growth is not there in that segment. Is there anything from an organic perspective not you know the actual product being organic but. Is there any segment of the coax line up it's really generating any kind of meaningful organic growth at this point. Yeah I mean they are mentioned you know they are getting I wrote problem tee off and so. Drinks like you know he's an even the carbonated efforts not the brand being. You know cope the year. Your sugars to be. Working I think they got a bit of a pop pardon upon from. For you like I flavors that they recently he viewed it got the oh sports now. Definitely. The company realizes that that choosing flavors we need it spiked up. What in that category for them so that we were allowed. Yeah Coke doing work out with regard to laborers get people excited. You know. It ought. There. Very good Paul will let you go have a great weekend and we'll catch up the next week. Paula Monica from CNN business talking about Coke and it is one of those companies where. You always look on those lists of via the strongest brands in the world and Coke is new usually at or near the top it's pretty much near them apple. Turned to get wells tends to be near the top of those lists. Now but to that recognition yet terms of just you know brand recognition in those valuable brands when you just talk about yes you get apple Google Microsoft Coke. Disney's on the top of the list Toyota AT&T. You know big recognizable your hands when it's all said and done. What I find interest in you look at pretty much every company around it Google Microsoft Amazon. Those role you know high growth companies and you've got cope kinda sitting there clearly it kind of stands out. Aside from near Disney has had some issues here but there's still print money hand over fist and Coke to a certain extent does as well. But you know the overall growth you look at you know just what cokes do renowned it's it it doesn't it it's so it feels like a legacy company because. I mean you stalls is not good for you Paul routed up Jeremy you can still make stuff that's not great for me PepsiCo has. Proving that age you know as long as you have diversified areas that you can focus on. He can still do pretty well I mean most of the stuff that Pepsi makes is terrible for you to Toledo Toledo is Frito lays. But you know they diversified out and they said hey you know okayed sodas and selling really well so let's push these other areas it's turned out pretty well for Pepsi at least. Coca-Cola didn't really diversify into the last few years you're there like oh yeah we got news and sparkling water orange juice and something reasonably healthy. Hard to believe that locals actually been around for a 123 years now. Eighteen in 8686. Yep 123 years now is it's just it's I find it remarkable just how. Long they've had a presence at this point but. And again the the company is not going out of business act that was made real Coca-Cola. Yes exactly. It could Coke was real drinking you know we can. Never actually finished in full cycle at the start putting CVD into their their I was thinking that same thing. Now start offering cocaine in your beverages that they work out so well now they're gonna go back and maybe put airlines and kind of their dust were just starting that river right now by the way there's nothing out there claiming that happens it don't don't don't take. For an agent you can too nice and that kind of like a little dust to dust thing unintended you know ago but. Anyways as we head towards the 12 o'clock hour market still in negative territory the Dow off about a hundred points the S&P off sixteen in NASDAQ. Off forty. James F five down these new Olympic we've seen one of those runs since December. We're done for the day we're done for the week but we'll see you back out bright and early on Monday.