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Full Show 4-1-19

Apr 1, 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 you're sick leave your world. Stay informed and up to date about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. Hope you all had a good weekend but we'll back patting you on Monday here on the financial exchange. Chuck Todd and Tucker still Boone got Chris Collins in here fill in for Mike Armstrong today Chris is a former anchor from both doing the cable news and WGBH. We're lucky to have muted talk a little bit of business on Monday morning Chris how Aureus there while springs just the body here or else I guess it has Iraq right get a little warmer as warm yesterday so don't feel pretty good about the the economic forecast as well yeah I got outside yes they got a little work done on the long before that rain came through and everything start to get everything you ready to green up Christie. Do you running a March Madness bracket. I do not too through cash and time consuming so we we do one here in the office and it was. Awful for ever win at Tucker how how bad is your bracket see that's that's why I answered your question away answered that's why don't do. But here's the thing is that it works no it doesn't but so my bracket is terrible I have I have one final fourteen and actually made and I've Virginia justly that a lot of people and went off better than most. And despite that I'm still in second place our office where I am in fourth. Our present for them being talker. So it's awfully good about one person can win it's out there with the way that we do it yep pretty much you can have one person who winds up winning here and right now. What was who actually handles our trivia every day she Lowe's is actually crossed right now she's beating me by Nikita two or three points right now. Am still has Virginia winning and also Lois is the prohibitive paper and that is the other reason why don't do it it's always a source of great embarrassment. Well it is we're not we're not the person who wins you always feel like well come on I know more than Lois but clearly lowest knows more than me. But I am no one knows more than analysts it's it's a reality show one. I had Lois I think in my manager write the thing is my pretournament power rankings I think I had her fifth so I had her children their. So she's pulled through pretty well but let's talk a little business enough college basketball. In terms of where we stand right now we're through the first quarter of the year to April 1 right now is no April fool's jokes on this show. Now we can give you the real facts Tucker hates April vols band. We're gonna give you the facts and and here's what we know remain market perspective. This was an outstanding. Quarter it was the best start to a year since 1990. Going back 21 years so. Real just him but this market was absolutely on fire and in particular. If we take a look at the major indices the NASDAQ up seventeen point 4% Russell 2000 up fourteen point two. S&P up thirteen point one and Dow up eleven point two whole bunch agreed in all this place. So I mean you look at the selloff at the end of the year 2018. So it is really even better than we were the numbers that we're looking and it's just amazing. So but it gives people a certainly a sense of security but there's still is a lot of well there's a little bit you know we're not quite stable there you know there's a lot of reasons that you know that's and factors that say well you know what there are some chances some. Some some some things that look like perhaps we could be looking at 2008. That make people a little bit we are well. And in I think the big thing that bear night and talked about a lot and in in what I think how I tend to frame it is. You know that there is this difference is that the of this divergence that you can have between Wall Street and main street where you know you look back you kind of 2008910. And eleven. And the immediate aftermath of the financial crisis right you saw markets rallied back pretty quickly but average Joseph was it now they're saying. Look I still can't get a job I still can't get employers to call me back even though you know the Dow rallied from 6700 backed up to 141000 in the span of a few years. The average person it was like their life was two times better than was back in 2008. So when this case we had a market that. It sold off a little bit early might get a little bit ahead of itself but might also be getting a little bit ahead of itself and rallying to that's a possibility here to Chris you know the thing that. That jumps out at me in the match and only. Is unemployment and employment so lowering in type of people don't have jobs back then didn't know that next paycheck was coming from. This scenario is entirely different has basically everybody almost who wants to work can find work so that. Make you believe that okay we're not quite in and I'll wait scenario but. But you look at some of the things like the you know that the the treasuries and in the bonds. That certainly indicate in the if you look at that he believes it looks like it's a recession waiting to happen but again you feel awfully good about. Interest rates you peel off yet awfully good about. Unemployment. So that's what makes this so sticky or so you know he has a that you want to feel good about it but hesitant to jump in with both. It in these for me these are the toughest markets for me to try to read because it's one thing if you have a market that is growing because you've got robust earnings growth and you've got unemployment falling you know continuing to fall on a path for to get lower. You sit there and say look that's a market that I wanna buy into it. In this we have a market that's rallying now because earnings growth is gonna be good for the first quarter FactSet right now has a a composite of first quarter earnings projections. For quarter earnings of projected to be down like 4% compared to a year ago so you look at it's like. Wuhan buying into that based on the promise that earnings might grow in the future not based on any growth it's happening and earnings today. And that's kind of a tough putt for a lot of people I do wanna go through just some of the other top winners and losers from the first quarter in terms of some of the names. Big names on the upswing. Strange bedfellows here at Chipotle Mexican Grill in Xerox both up over 60% to police say OK again they make delicious garrido complaining and stand. Xerox you sit there and you say prove that it was pine copiers now we got email like but it's. It's a case partly we're Xerox has fallen so far and the company's been in some trouble that pay if if things turn around a little bit there's a lot of room for the company to run. On the downside here some your worst performer so far this year craft Hines we talked about them a couple of weeks ago Biogen. With that alzheimer's drug and fortunately being halted in trials. Century link Macy's is struggling retailer and CVS also down seventeen point 7% this year. As they continue to figure out how to incorporate the Aetna acquisition. At this point but. You know overall again you look at the numbers for the major indices. Against just chugging along and good news if you if if you did not panic and sell stocks in December you've been rewarded to this point and a. Patients yelled let it ride out. The Xerox thing as you mentioned is just so surprising because right I won't believe this Eric's the company that was headed toward you know for bankruptcy. And they've done you know the got a new CEO you know he's been there I don't mean a year and a half yeah. He's really changed the whole you know really they've gone technology as you app you obviously as copies. Certainly is in the rearview mirror. But that is the the key is that it was so beaten out it was so bruise and a lot of people in picket surviving. That when this thinking man in an area that really opportunity to him and it was really a lot of growth in yet to get. Two a a decent number we can really make some some really some big numbers mean you look at what they've been able do they're up 61. Marie 62%. I mean again it tells you how far they have fallen but again also it tells you if you stick in the AP hang in there where this the copy that. I think has weathered the storm to date and we'll see what they do next. I do wanna point out that on the commodity side of thing it's just because I love this terminology. The best performing commodity so far this year is lean hogs so if you're buying some lean hogs. You you've done pretty well there are 45 point 2%. Worst performing commodity is weeks which is down 9% but lean hogs right leading the way is that's another reason doing college. You know mid to late night Lehigh. That says standing with Chris that the big question that we do have now. Where do you think this economy goes I struggle with that a lot because. I I see a path towards if if everything breaks right and you get a US China resolution that breaks it goes off cleanly. I see a past where the US doesn't go into recession and in growth slows but not to Wear it to the economy shrinking. But I also see cases out there where pay if these things don't go well there's some tail risk that the terribly looks pretty scarce. That's what makes is so confusing yeah in really so hard to to gather. You know other than that the path that we're headed on because there's so many good things about the market and in this so many. No positives but yeah I think you're there it's certainly a soft spot and then his. And I just cringe because and we jumped out so quickly in the first quarter. Great first quarter as you met him haven't had this that the first quarter and in many many years but when you look you know you look at that the down side. People are still not really getting involved like we we want them again involved. You know they'll feel that secure. To make those you know those that investments the way they were investing back and let's say. You know within the past year will in I think what. What I find so interesting about that is you know for all the talk we as economists we look at data we say oh this is you know exits 4% this is growing experts right. We sometimes lose sight of the fact that when it comes to running a business not run the economy we're running a business. It's about confidence in frost it's it's about those emotional things that make us human. If you're builder and you say gee I'm a little spooked because the housing market slowed down a little bit threat or you're gonna you know decide that you wanna pull permits for four lots or you'll gonna say. You may be a mowing and do two or three is I'm not sure if I can sell them. And as a result then you have a case where hey you know I you're subcontractors. The same rate and so they say hey we need to hire as many new people. And you know it really is about confidence when you break it down to the individual businesses. We look so often just at the top line numbers right confidence is so important in the business world. Impossible to out ruled human Alan you could hear a 100% right because there's emotion involved. There is obviously gut feeling involved both soft forget about that if you could if you think forget about the numbers but if you think. That you talk about homebuilders if you think that. Interest rates on mortgage rates rather are going up while you're going to be hesitant. Because. You don't wanna be left holding the bag because nobody can afford your house we sought in 2008 of course we did so with that said. You know you're a fool if you discount a human element to these decisions because when you are running a business there is decision makers at top. Who have a human. Element involved you can never discount. Let's take a quick break when we come back we talk about Mark Zuckerberg over the weekend appealing for. More Internet regulation. What he talked about a million on that when we come back on the financial exchange. Mean this stare at the charts graphs and numbers all day just listen to us it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. As we age state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful the nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking -- huge capital gains taxes when the home sold if you find yourself in a similar position in meantime let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show on will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home. Call 8668485699. Or log into legal exchange showed dot com. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well into your eighties you'd better have a plan for your retirement savings if not you might outlive your money hi this is trucks out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and asked about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated I folks this is Mike Armstrong from the financial exchange I'm joined now by. It's terrible Somerville apartment we're all trying to coordinate our Renton it was a bit of NASA and kind of heinous how does this all work on on the platform are you able to split out the rants of how does that really make the landlords like. A little easier. Sure Michael thanks so weak. Created searing it's really ought to mean simplified Holdren collection process for landlords and property managers and what we do is we the we basically if there's individual tenants will debit them individually and patched their payments together that sends its. 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Does he rent tool can be a great tool to use the website to check it out it's you rent dot net but he can also give them coffee avenue questions the phone numbers 877. 6917900. But again she rents dot net and you can get all the information you need to get signed up and start collecting your tenants rent right away. Against he rants dot net or 87769179. Zeroes here. Securities offered to securities America each member Sandra SIPC and advisory services arbiters securities America advisors think Gary Armstrong representatives 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. Starter tell 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. So Mark Zuckerberg. The founder and CEO of FaceBook over the weekend. Published op Eds in both the Washington Post and the Ireland independent over the weekend. Talking about how. He wanted more regulation for the Internet. And specifically trying to figure out neo help figure things out such as. What contents should be allowed on social media web sites how it should be shared how to prevent bad contents from getting out. What do you make of the Scripps. Hello lake right or we have been twelve Bert I mean it's kinda after the fact doctor thank I have a couple things here are my thoughts on your us number one. Yeah you're you're probably somewhere around five years late Mark Zuckerberg you know it's you're you're a little late to the party that the company is reasonably say. He's he's gonna he's going to be OK yeah right there's a little bit of it so he's a little bit late to the party here. But then I look at this and I say OK so if you're talking about adding additional regulation at this point. For company that's FaceBook size and they do tens of billions of dollars in revenue year right. As you said they are safe they can figure out how to spend a little bit of money it is to build to compliance with whatever regulation is out this year. Chris what if you and I wanted to start a social media company do you think we would have the same ease of building systems to comply with whatever type of regulation they're talking about yet. Not likely. Because it right if you look at it this way if you look at Zuckerberg and obviously has been considerable pressure on him to kind of do the right thing here. Things obviously have been somewhat like though wild wild west. In the Internet world the FaceBook world came into it with space that really. Was inhabited by anybody in the kind of develop it as they went yes so they were given. And and and just the league so I guess a lot of leniency. You know as this thing got up and running but now you know and we talked in five years too late 100% at least five years too late as. They have may have a human they really have impacted not just how much is that. The US but certainly it impacted the world. Because of the lack of compliance. The lack of regulation and kind of just doing what they yelled due to do to build this company which they did very well. And in I think there's there's two issues that that Zuckerberg brings up that I think one of them is more easily addressed than the other is that the one I think is very easily addressed. Is privacy an ownership of user data in that look what what Europe did last year they put him to place was called the general data project protection regulation the GDP ER. In this Dwight vetoed any website it's out there right now you get that little thing that pops up on the bottom hey do you wanna accept cookies on this site. That's pretty much in new thing for most sites in the last eight months since the others went into effect because. Sites that look regardless of where you are we're gonna try to you know the least work towards being GDP are compliant and so on and so forth. I think that's relatively easily dealt. Were I struggled to figure out how the heck. Lawmakers are gonna put anything that actually works as they law on the books is as far as near the questions about hate speech and harmful content. In that eighth. There's so much content that goes on to these web sites that unless FaceBook wants this to kind of scan everything before it actually approved postings. I don't know how they can do what I go back to why the shooting in New Zealand from. Was at about a month ago. At the box you know it was live streamed on the FaceBook and other platforms in real time. And so unless FaceBook is going to go out in proactively scan every piece of content before they actually post it. I don't know how you prevent stuff like after getting on I'm not saying that FaceBook shouldn't do that but it's just look at it's a lot to do. In the second place where I don't think we have any idea how the heck is don't work. Is in terms of you know dealing with hate speech and things along those lines historically. If we go back through the nineteen hundreds. Relatively hard to spread a message via print because it was expensive to print copies of books and pamphlets and things like that there were barriers to it to printing things. That spring hateful speech was kind of an underground world at that live and it's look there are plenty of publishers that published hateful you know documents just because they they still had an audience. Today. You could put something up on FaceBook and it gets spread to every one. Just like that so I think the question is look. Nearly it is FaceBook a publisher that chooses what should mission go Juan is you know kind of a social comment dude like. It's I don't know where we go from a legal perspective on this. Well the attributed obviously on the whole privacy thing and that's something that they cared little about because really that was. Part of the evolution of FaceBook was the lack of privacy that the sharing of of the everybody's network of everybody's wants and needs it there interest. So we would you go but they have to do bad. I mean they half through at least attempt is like well you can't really police everything I don't disagree with that but. They have to be held to a higher standard. They are the that the trade and they are the one the standard bearer in this base in FaceBook. Is in. You know halted the carpet on. Holding themselves to a higher standard then nobody will be so at the very least we have to start from the top down start with FaceBook and make a valiant effort. I really are a real effort at. Curbing you know things that you talked about as far as you know that the hate rhetoric and the things that go on there that most people would agree with. Shouldn't be out there. Anyway never in my underground. On the Internet. But again FaceBook is obviously dealing with so much cash in so much power so much clout. They have to be held to a different standard in his Zuckerberg doesn't come to the war front in except this and least. At the very least posture and pose a thing I. Diet we're gonna be responsible in this manner at least went on to attempt to be responsible in this manner if they don't do with and who. Well it and I think part of this you you mentioned you kind of posturing and poll. I do think there's some pus I'll items that I don't think Mark Zuckerberg wants regulation but I think he's realizing hey from a PR perspective. It's cheaper and easier for me to pretend to be friends with regulators. Visit to you know you're going to be at loggerheads with them and just kind of putting up against the wall we're really think he's all into this privacy thing no mart actually not. All whip when you look at it. FaceBook is kept things the way they they are. Because it makes the more money. Because they can't they're changing now because they think by changing it will make them more money. Quick break when we come back we got Wall Street Watson talking about a retail sales dipped in February. Like this on FaceBook. And followers on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. In an unpredictable stock market you should always be prepared for the future hi this is Barry Armstrong joined B and trucks not on Tuesday may fourteenth at the Hanover street chop house in Manchester, New Hampshire for a special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group were we talking about strategies to help you become a smarter investor seek and save more money will also talk about properly planning for your retirement and how to protect your assets from the high cost of nursing homes to reserve your spot please call 803934001. Space is limited so call now enjoying the Armstrong advisory group and the voice of Boston in six AD WRKO. Tuesday may fourteenth at the Hanover street chop house in Manchester, New Hampshire the number again is 803934001. That's 803934001. 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Doesn't wanna get your free guide today or downloaded right now and Armstrong advisory dot com securities of history is American corporate American wrestler PC advisory services are registers merge advisors incorporated parents are represented the arms are advisory group mr. is merged companies are unaffiliated. Time now for mostly watch a look at the market's performance so far today you don't Berrian jug right here on the financial exchange radio network. And it is now time for Wall Street watch brought to you by leader bank new homes they're hitting the market and rates are dropping if your first time home buyer. Joint leader bank for free seminar on Saturday April 6. And work all you need to know about the mortgage process they're helpful loan officers will walk you through the steps to take. In order to find and purchase your new home new customers get a 500 dollar coupon towards closing costs. Reserve your seat now lead a bank dot com slash RSVP. Or give me a call at 781641. 8600. Member FDIC equal housing lender and MLS number 449250. Subject credit approval. Leader bank a step ahead and taking a look around right now just can see what is moving markets is a hole. Lot of green on the board today Dow up 227. Points at the moment. S&P and NASDAQ also in positive territory with the S&P currently up 21 points the NASDAQ now up 59 at the moment. Gold today down to sixty announces 1295. Tenured US treasury. We look at the sell off happened there on some higher growth expectations tenure treasury backed up to two point worry we are 2.3 nine a week ago. And to go to stunning sector by sector basis. Yeah it looks like we're in full risk on mode financials industrials and materials leading the way forward all over one and a half percent. What's lacking today. Unsurprisingly. Utilities down one point 1% today. And that is Wall Street watched brought to you by leader bank. Chris let's talk about retail sales numbers for the month of February. They dropped by point 2% when you strip out cars they fell by point 4%. And so. You know part of this I would and I said gee like this is causing great we're expecting to see you know these numbers actually in positive territory. The part of its because the January numbers were revised up and so this is necessarily as bad as it looked. First actually don't pay is bad at all I think that's a number point 2%. I think that's pretty good actually you know you can look at. You cars cars a moral issue or how or why people are buying cars ovals and the bad increase almost one full point. So I think that's all positive. And that goes to the fact that you know people are. Apparently feeling fairly good about the money coming in mob the mob the week to week so would that said yeah. Let's these retailers you know Latif retails really figure out Amazon's of the world. They're gonna continue to slide so I think it's a smaller slide like this one wise. I think it's probably pretty positive because I think that it is certainly is indicative of people feeling pretty good about wall. Today. Chris in terms of car sales and know you mentioned that there was actually rose. From that the previous month is actually rose point 7%. One of the things that we've been looking at is that. You know it's so hard for people today. To afford a lot of the vehicles that are out there that the average price of a car today. The people are actually buying is now north of 33000. Dollars they're taking longer and longer loan terms in order to do so. Is that something that concerns you I guess either from just an economic standpoint or just looking at the auto makers. Yes so you talk about the of the long extended loans it was a salon I go there. 36 months was a good loan. He'll get those kind of a stand right and then it got to 48 and ripped a 72. He's 84 month low on Saturday that is happening. So does that concern. It's kind of you know it it's almost like even when you buying a car. You're basically leasing a car because you're never going to be right under the new name you never get away from it never do so best discern in in itself but. They'll it maybe it's a little fool's gold because of course the auto industry is going to be a little bit slower rate after the holiday season because they know they're very busy NC December. You know holiday gifts in 19 in the slow down a little bit and then the weather changes if people start buying cars again. The house flipping is still just perplexing to me from what perspective from from you know I always like hearing people's views on tests because. There are a luxury car. And they they are trying to desperately get into the that the of the market that you just talked about because our constitutes mats of people can get ahead of the law that you want it desperately trying to get into this lower market. But they're under reform and not living up to their expectations or their sick. Timetable of delivering all of these cars for the common folk so now what do you do can they find a place in. Our outside of the luxury market which they have yet to do in the underperformed. Under delivered on some of the air. And on summit ever you know their thoughts and and they're the strategies so what does my thought on Tesla. Again it's like the economy and you feel like it's going to be OK three. But you're not confident about that don't see them as bases to sit on your hands on this one. I always get nervous win. Companies that are in that luxury or higher and space. Try to go down market because typically you see one of two things end up happening either A they completely dilute their Brandon and people decide. Well look if you're gonna go down market quite a while wanna buy your up market Carty noted suspended okay that's not really for me. Or two. They end up try and trying so hard to get into that lower price point. That they ruin whatever margins they have and they can put themselves at a business in some case that the case that I like to go back to an. I think both you guys might laugh at this when I originally said. The as a member quiz knows the sub shop are gonna suggest that Torre lives to offer of my college years in the out there right now as if they're the brewers won the hostess and which leg is mind blowing that it took them to figure that out. But so they were at a higher price point than subway subway I was all hey here's your five dollar foot long you going to quiz knows he's been like 101214. Bucks on a sub. But they were better subs and they knew. In the way that they ended up pretty much going out of business the pit declare bankruptcy in the 20092010. Was they tried to go down market in the shredded their margins trying to compete with subway when they had a good product at a higher price point. I worry about that companies like tassel. Well I look at you know backed the car analogy I look at Mercedes. BMW. Which clearly are high end cars yet but they could not survive every year they're coming out where that CLA which is like a 29000. Dollar car yeah now how well a Wanda. You know again which competes with the CLA. They. Looked at a completely different and you're looking in now looking at a base skew the wake Tesla is looking past the thing we can't survive. Unless we get more people into our car so more and entry into the Brandon and maybe they upgrade down the road an and that's exactly what's happened with the season BMW and even out. They all have a lower and are they all have a card now that you can put your kid and without it being young the old man's no ten year old car. Everyone up. So that was a certainly a shift in strategy over the last two decades and clearly it's worked and took a little bit. About China and part of the reason why we see markets up this morning is that there is a report that gets put out in China. Ever month it's called the purchasing managers index PMI. And pretty much what it showed. Is that the baseline is a reading of 5050 shows that the the manufacturing sector is neither contracting or expanding. And the previous few months we've seen numbers just below fifty in the low forty nines. This PMI for China picked up to fifty point five in March up from 49 point two in February. And so a lot of people looking at this insane. Eight times gets an expansion going on that's pretty good thing I'm a little bit more skeptical look is. I guess when I tend to look at this I see the Chinese Government having port a ton of money in the into the economy in the first couple quarters or first couple months. In a fall they can do is just barely get above treading water sit there and say how much money they gonna have to pour into this economy in order to keep things moving like this. I think that's a great way to look at it because you're right they did do a lot of different things yet to boost lending in the cut taxes and provide other stimuli. To get big timing you jump in again but again you look at the the trade war that the trade agreement which is coming at some point I think at. Typically or really has China cannot really. You know in in in a position where they don't really know what they can do you know they don't really know where this is it. And that the real problem is there because you look at the US and China the two biggest global economies. This is affecting everybody this is a worldwide problem until this gets set in stone the president comes out with some type of the deal or arrangement. Or whatever it may be. This is going to continue to slow down China's economy. Despite you know. A little bump up but again they put a lot of work in to get the little bump up. Talk a little bit about the casinos. In Rhode Island they now have a legalized sports betting in the state of Rhode Island. And in the month February. It looks like the casinos in Rhode Island didn't get off to the best axis dark. Four there there there run here they lost 900000. Dollars and sports betting which is not what usually wanna see from sports. In health and you'd think they can figure this out but again if you looked at everybody who legalized sports. Manning and not just or Iowa and everybody is kind of taken a little bit of here you know the print that the predictions were bold. I'll projected eleven and half million dollars at that would make. Mean he is and lost 900000 oops so yeah again. I just think people are a little bit too optimistic on sports betting because again. There's been so much sports betting in this country it's just look at our little state here Massachusetts yeah. Help you not been betting on sports in the state of Massachusetts we doggedly drafting and stuff out docking of a current event like a year local neighborhood bookie you're you're you're you're you're local sports accountant which everybody knows at least one or 20 yeah. So you if you look at those numbers and outlook that he's quite a bit so I always ask. Is sports betting being legal eyes is that of a drive the local sports mountain out of business. You about it it's probably not in a while adapting well. You're not getting taxed for one. And nobody's reporting. Mary your earnings from the local packs in the local book did you go over to Steve Steve's not Sanyo let me send you a 1099 it is OK you made a little bit more than 101000 dollars we're gonna have to report that we're gonna file a 1099 for an exit if violent next year. Does that's a big. If that's the to the casino in Rhode Island. You have to show up you're betting five dollars you have to show up with the 500 dollars it'll take a little credit. You know you don't think you're good for him you don't settle at the end of the week yet you know you have to show up wit that. So that said the local sports account is still going to be in place I think that was really acted out that the due diligence and sports betting. Completely when they came out with the numbers. Was really all factored. What do I do think will be interest in Tucker's talked about this before. Is when you get to the point where and in I have to imagine it's close. Win the Boston Celtics decide that hey at one end of the guard and you're gonna have a little sports book in there's that if you go to the game you can bet on right there which is what the PGA is going to do. Like that's the kind of stuff where I think you might be able to pick up a little lecture is now get 171000 people in one place who. Are already interstate in that game already have their credit cards and cash on hand and everything they have to go anywhere think about is just O'Dowd walked in past section sixteen let me go drop a couple bucks on it. That's where I think you might get the extra. I'm not driving down to Rhode Island to bet on games right now there's not driving down to room. I've heard on the lines have been out three out the door pretty much out of the easily severed Allen might because it's brand new and yet. And more honest. This is skewed a little bit through because you go look at it they lost a 100000 dollars all. Who won the Super Bowl. Right right to New England they have won a suitable. I'm Shaw most of the money went that way. We're gonna take a break when we come back we're talking about the problem with March Madness and black market souvenirs that are making their way into the market. We'll tell you what's going on right now right after this break on the financial exchange. It sends stuff to. Hope you're portfolio. The financial exchange with Barry Armstrong and jokes done well on the financial exchange radio network Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well -- -- you better have a plan for your retirement savings if not you might outlive your money hi this is -- out of the Armstrong advisory group -- brand new guide out this month identifies five key steps that he should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the -- question we can help you answer call right now 803934001. Get your free guide and -- about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com. Securities are for two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. As we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful and nursing home stay can judge your financial well -- and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in -- Todd let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank best checking and savings accounts that can provide decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is Chuck Todd and I've been doing business with the leader bank for many years so if you -- in need of a bank with great rates on checking and savings accounts look no further than leader bank -- rewards account qualifying customers get 1% back on Deb it's 10% back at featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- -- savings account has a 2.3 5% APY that's 2.3 5% and it's a great -- presume my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. 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Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader banker called them learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there aren't just bow and go to financial exchange oh god come and test away. Chris I don't send you you can do March Madness practice you're not really a thing correct. You watch any games all I did actually watch the ending up both those games just so. Apparently the the popular souvenirs this year. Isn't you know it Jersey ear piece of the net that they're cutting down now now to rugby. To little decorative rugs from the locker room presidential records as the March Madness logo on it. And apparently. You have whole bunch of people from. Teams that are taking these drugs and Vietnamese. Unofficial souvenirs and a little push back from the NCAA and shocking that the NCAA after the eagle on him plea for zero dollars and make all the money that instantly. That the NCAA would actually sat. That's our that's our dog don't touch. That's. Do you think we're getting close to mention you know a beat these are kids that are making any money in and we have this conversation on a fairly regular basis on the show just because apparently I'm someone who firmly believes that these kids are taken advantage of more than just about anyone else in the United States have a whole bunch of kids. Predominately if you look at the revenue sports basketball and football they're predominantly kids from low income households that. Are looking for any way to make money that they can't. In their told the based on their talents they are not able to earn a living. Unlike you know hey if you if you're gonna play in the tuba you're good at playing the drums yeah gritty go play Carnegie Hall in the summer no probably won't do whatever you want. You're good at playing bass boy you're gonna play football no you can't sign endorsement deal on your note you can't do this you can't do that. You think we're getting close to a point where. The back last gets big enough that the NCAA. Even necessarily needs to pay kids themselves but just has to say. Okay fine you can put your name on a water bottle you can put your name on a pair of shorts and sneakers some. Where controlling your own naming. So yeah write your name basic personal property you're always everyone else in the US half it's really the only second take a step further to really the only profession that I know of you graduate high school and you cannot Wear. You get you can do not earn a living not call the plumber you know you cannot. Right it doesn't hit a bomb threat actually no it's not even that it's you can't home. But you can't earn the money from your plumbing for three year while you can't be a professional. You could be an amateur that's right for president of the big summer of zero right you can be an amateur plumber but you can't put your name on your own brand of ranges if you're that you know you can't play you know you can't do what everyone else in the world does. And really what the cut in the country was founded. Right you should be able to go oh hot other. Right earn a living and make as much money as possible. And the crazy thing about the whole tournament not being able to make might not be with the rod is. If the duke. Okay you get three or four guys who inevitably going to play in the NBA probably next year find you don't care but silently as a lot where I'm gong affects. What does the incentive to go to school today. Why why would you go back to do right on Monday morning knowing that you know what duke is basically giving me. Not much may get much it means they say they mandated they dictated that you have to go to college right knee and had no interest in on the calls because they're going to make. 10200. Billion the next five years. What is the incentive to go back to campus what is the incentive to actually you'll be made it to go to call for a day never mind a year. Again it goes back the back. Graduate high school should not be able to earn a living. Well and and here's the other thing that I come back to run as you remember we just went through this whole college admissions scandal about what was that a couple weeks ago announcements on heroin addict and you had you know all of these these coaches not necessarily even at high level programs like you're at least Georgetown women's tennis. Soccer coach from Yale at the Yale soccer coach which I try not to mention because now to Dartmouth and like to bash on Yale too much just because of them realize their cricket we tended to do that during games anyways except in football where they were a lot better than last time but. That's neither here nor there but so I look at this now say a case you have this system in which. The coaches are getting in a rich you know illegally. Through there's all this money for the coaches to get kids in. And even once those kids get in the they still can't earn a dime based on their talent or lack of town where as I look at this and if you exit kids that could earn money based on. You know that their talents and so forth paid opens up all kinds new ways to even get revenue to schools because you could say. Hey look if your school now you can negotiate okay you come to Yale will take 30% of your endorsement rev Wright for your shoes but hey you come to Dartmouth boy take twenty and maybe there's an incentive then. To get people to do like it opens up so many ways to get all of the the ugly underbelly away from college sport. I don't think that ever happened under it's always going to be you know it is it is nowhere to avoid it because you know what is always going to be you have there's always going to be there have not. It's really gonna make it a bigger gap. But when we're done for the hour but don't worry we are back with a whole lot more on the financial exchanges 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 that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. -- 8776917900. Or visit leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. -- you can download the guide right now at Armstrong advisory dot com. Securities offered to secure his American corporate members and SIPC into my reserves as our with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are. I'm affiliated hi this is very Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety 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 slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number four corner on two fronts here are subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William and W 275 CMF. Austin the money matters radio network. Fights chuck and Mike from the financial exchange and we're here to talk the about the new guide available from the Armstrong advisory group. Five steps to make sure you don't outlive your money Mike when it comes to formulating an investment plan for retirement. The rules there are a little bit different from what they look like as your. Set up in something that's outside the stock market and that might be things like CDs bonds money markets but something that's not going to be. You know invested in the ups and downs of the everyday stock market when it comes to the different types of investment accounts that there. You've got basic brokerage accounts IRAs and 41 k.'s and even Roth IRAs. How do you decide where to pull money from and what to invest in inside those accounts it's good question and it's something that can really. Hurt or help you from a tax perspective you know I think the. Major inclination is that oh I'm retired now it's time to start taking money out of my 401K plan. But that may or may not be the best strategy depending on a how old you are are you signed up for Medicare or not are you collecting Social Security or not. Sometimes it's better to actually live off of your you know just regular savings in brokerage account my first and then go to the iris. Folks there's a lot to consider when it comes to retirement income and we do revenue guide out titled five steps to make sure you don't outlive your money. All you have to do to get it is go to Armstrong advisory dot com. And you can download it for free again to guide his title five steps to make sure you don't outlive your money in you can download for free. At Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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 of faster closing calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna write a check your former son or daughter in law and just a buyback your own home. Unless ski. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create a huge capital gains tax when they sell it there are better ways to own your real estate can protected from the nursing home keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at risk 8668485699. Or log on to legal exchange showed dot com. If you're real estate property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products in cash management services to help you collect rent managed Condo association payments and digitize paper checks hi this is -- -- leader bank utilizes state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners into its innovative -- rent payment platform leader bank has a team of business bankers that are uncalled helping you and they'll come to your place of business to make it is easy as possible the number to call your interest in these services is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose leader bank is their banking partner call 8776917900. Or email -- BO LO leader bank dot com for more information member FDIC equal housing lender. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law just a buyback your own home. I'm let's do. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to own your real estate can protected from the nursing home keep it away from your children's creditors avoid probate and not because unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at risk 8668485699. Or log on to legal exchange showed dot com. This is the financial exchange with Barry Armstrong and chokes our. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today a economic and market trends plus get breaking business news every day it's. And now the financial exchange we have Barry Armstrong and chunks so I. Well we saw a good day in the markets on Friday we're seeing another one today on Monday that. First trading day of April it is April 1 and. No it's not April fool's joke we've got markets in positive territory Dow up 244. Points currently. The S&P 122 the NASDAQ up 61 at the moment. So a whole bunch of green on the board nordic affiliate on why that's happened and also what else is going on in markets today. Jokes out of here along with Chris Collins formally of WGBH and NEC yen. We get Tucker silverback behind the board after he took pride out then nice long we can house the week embody. Good today golf. And and it appears again at the summit the clerk. At three pars are able to play nine holes three pars and still somehow ended up with a 52. How was that applause I don't know yet you bring parts three pars in that a bunch eats everything else yeah a snowman yup. Wasn't happy and ally to do so I guess the best thing that can CDU's congratulations on sorry. It was a nice day yeah yeah that the all beautiful day Saturday on a Friday. This goes off the three were yeah right well. Excuse me if this. I was unity but not offering up for a couple Brad deal on Friday is let's talk a little bit of outs. The home market for this year it is the new kind of prime season for spring home buying I was like to go. And just look at the houses in my neighborhood have open house at a drive around a Pope and his. Undone Louisiana or wanna see what everyone else's place looks like a wanna see what's with the trains are you know. And so. The question that I have for. When it comes to you know kind of who's in in the catbird seat for the previous really. Five years I'd say sellers kinda. Every bit of the advantage because it was say there's not much inventory price the home every one you'll still get five to 10% over ask no questions. Today you're seeing more and more inventory coming on the market but I'm curious do you do you think this is turning into a buyer's market this. I think that's exactly what you're seeing you're seeing finally and it took a long time but it's finally has turned in the direction of the the buyer. And you know longer you know beating and having bidding wars and can't get the house that you're looking for. If you look at what's gone for us all were in a great area because. Housing market typically heats up in the spring. You know when and runs through the summer so now we're past the slow part of the season but now we look where interest rates on mortgages are still pretty good 4% to thirty. I know we got down and what percent yeah kind of exciting when we were knocked on five and that slowed things down you talk about the inventory but now. You know dues is a record number as far as these. You can close host me it's like 7073 days from. Time you see how is to be into the close on the house and that's a record yup and that that tells you one thing that tells you that you're able to get through the process fairly quickly you're able to get a house that you want would be the first to second choice. And that's huge because now you actually have an opportunity. To go to six or seven open houses and have real realistic. Chances are getting the house that you want so. You know now it's not break for the buyer I mean for the seller so Acela gonna take it on the chin a little bit but isn't it about time. And in one thing I've seen one place that they do find this to be interesting so the place that I think it has become really a buyer's market if you wore interested. Any of the high end homes any larger homes you know we saw this glut of houses that's been built over the last twenty years these big mansions if you wanna write on that. That are. 4000 to 6000 square feel like they're huge houses their masks and their and a lot of neighborhood there and a lot of neighborhoods you know. And a lot of those again we're built in the last twenty years yet a lot of baby boomers and even some kind of been in Generation X. that'd bought those homes. And a lot of them might be trying to downsize now because the kids are route and they're saying look I don't want this huge house and a want to seize property tax built pain to take care we don't use any of these rooms what are we doing here. And I'll tell you I went around to a few of these yesterday. And there's no one walking through these and open. Because no one wants the four to 6000 square foot house so I'm not telling you to go buy one of those sounds that way but I mean you're recommending I get into the mansion no well. Chris for you something in your stuff like you could do well there and pull it off I think so. But what I am saying is you might be able to find some real deals I've seen cases where they there have been price reductions in your 20s30%. They still can't get nibbles on some of these. And look you might be able to get pretty aggressive with global offers and still have an except now that the downside to that is. Hey if they accept a low ball offer you still got to go live in the 6000 square foot house that you might not want to live Erica that dress. Someone's got to right now in Iraq generally if you got that much grass he should have enough money to pay someone to do that is you know when you knew we don't have much grass you know it it takes awhile but. It's the these big houses are not moving off the market and to be honest I don't know if that's gonna change is people are not having as many kids you'll see in the lake. I don't need six dead right if you look at one you know when it was you know the last five years when it's clearly was a seller's market. It still wasn't really a seller's market for the big boys. It was a so as the market for the medium priced home there was very little territory yeah it was very hard to find a house for the common man. Now that high end space. You know as long as interest rates stay where they are there's going to be. I need it certainly but it's it's never going to be where it is at let's say the 35100000. Dollar prize. Yeah yeah in and by the way if you ever want to just you know feel bad about living on the East Coast in general. Take a look at home prices like Iowa and Ohio and stuff not exist you just you feel really dumb for a living on the coast you know I. I'm going to watch Iowa this summer for a wedding. Gains I was put runners like OK what's what's it look like you know in Cedar Rapids what what's what's real what what can I get for my money there. You can find these really nice houses for like a 120000. Dollars in and then you're like why in my on the coast Y need to be that close to water. While but then you look up news day in Cedar Rapids, Iowa and into NC. Let me tell us how critical for grizzly Chris look at them potentially and earn a living at cedars let me tell you what I do here. I hope all I get home. I cook some dinner I go to sleep. I wake up I go to do much here like I'm a boring guy at this point you know it's and I'm past my college days words out to a 2 in the morning and see how many Beers we can I get that but this has to be some type of quality of life. But you probably wouldn't mind on that rare occasions. That you might venture out. Two through to a tour to a restaurant. What went to a golf course that. I guess and doesn't look like corn feel like I come from a long line of you know Italian cooks it's probably tough to find a related Italian place in Cedar Rapids argued yet. Go back to good balance of what happened when he when the witness protection egg noodles they catch it it. That's probably about what it would be folks is. Jack's not have been doing business with leader bank for many years and it's not too late to get a great rate on a whole mortgage right as we head in the home buying season. Leader bank specializes in a wide variety of purchase and refinance loans. Some of the most competitive rates in New England the dedicated loan officer who work with every step of the way. In the local decision making means faster closing. You might be a first time home buyer or refinancing for the third time but before you make any decision on your mortgage product co leader bank. We'd bank is the number one home purchase wonder among banks in the state they have sixty experienced loan officers throughout Massachusetts. And they're ready to help you find the best solution for your mortgage needs some of the best rates around call 877. 691. 7900. That's 8776917900. Or visit leader loan center dot com for more information. Member FDIC equal housing lender and MLS number 449250. Subject credit approval leader bank a step ahead. Took Chris did you up any tips to the though lift IPO on on Friday almost certainly did and still looking at it. So here's what's actually interesting about this were now below the IPO price actually two of his down to seventy dollars and forty cents IPO at 72. And went up to about 87 when it first started trading without even knowing your thoughts I know you're not suppress that. Do you know him a little surprised actually because I've seen what what I've seen for a lot of these IPOs I think this actually might be. Priced fairly you know as a kind of starts to trickle down a little bit but I see so many of these IPOs were the first. Three to six months before the lock up expires on neo all the shares that the insiders sold. Lot of times they tend to do pretty well over that first three to six month period others a couple of exceptions blu apron and a book either last year whenever went public. Got absolutely slaughtered. But this was a case where there was so much demand they kept pricing higher and hires as they went through their roadshow. And sued this one. I look at it and I say. Gee I wonder if this holds up here if you know it is creating some value for people in the short term I don't know if I want to own lift in the long run of this you know I don't wanna buy a money losing enterprise that loses more money year over year. But it's interesting because there's so much buzz about this that. I just wonder if you know maybe some people got in initially and then trying to get scared off kind of you know light hands that just you know got blown out just you know this and I want it easy gains and outages leaving. But it's it's just interesting to see such a ho high profile IPO selling off in this fastest down an additional 10% today. M like camp 22 billion Friday nineteen point eight today Phillips looked at what FaceBook did tell me explain that it's true it's very similar it's. It's reflective of baseball is if you're looking at the same type deal the same type of performance in the mirror but I guess I look at it like even the Levi's IPO from a week and a half ago right. So it went up 31%. When it IPO in a pretty much stayed there didn't really move. This one you know was up 20% originally and in its it was given that back in more now so. I just I find it interesting that Levi's was able to hold its post IPO cab or easily in the what are what are Levi's go up on the first day of trading 31% not 1% from zero yeah our idea jump. Yeah went up to 31% but that is Angie yeah yeah and yourself for the day climb less than 1%. Yeah so I just think it's indicative of you know if you need to delete who has the inside no number. That you're not in that in that group that is going to be a correction because you're buying a little bit inflated on day one yet. It's it is what it is it's got all that was correct so if you wanna getting an on day one again contacted being patient if you're patient. FaceBook should have provided the road map. Two I PO investing. If if you're not in the the inside. And it should have provided because again we we see that. It was gonna it's gonna happen over tale I guarantee the same type of ballot maybe not as much but they're not gonna have what you think they're gonna have on and I think the key. Is figuring out what kind of investor are you and does it makes sense based on that you know strategy are you someone is trying to get in and out on a daily basis day trader or you someone Hussein. Gee I really like lift for the long run let me see if I can buy any better valuation. You have to play your own game you can't get sucked into playing someone else's game it's kind of you know if your plane appeared you know football player soccer player whatever. And your whole thing is quickness you don't try to beat someone by bowled him over. It's just not gonna work for you got to play your own game and play on your own turf so in this case if you were trying to play the short term game and you're not used to it. You get in smoke so far. It's a disaster. But if you waited till just let's say. Not quite the shark turned and it's a veteran yeah I think he got in today right I think you're going to be in pretty good shape I think you're going to be in a pretty good position and you don't like the stock. But it still doesn't mean you can't go up this kind of stocks I don't like to go off thank you very much let's take a quick break when we come back we're talking about other IPOs that we're expecting this year and also little bit of a story about the world's most profitable company not the one that you're expecting right after this break. It'll work. Business and finance future financial exchange with Barry Armstrong chunks on the financial exchange radio network. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well into your eighties you better have a plan for your retirement savings if not you might outlive your money hi this is tux out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kinda question we can help you answer call right now 803934001. Get your free guide and asked about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com. Securities are for two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna write a check your former son or daughter in law and just a buyback your own home. Unless you partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but it can also create huge capital gains tax when they sell it there are better ways to own your real estate you can protected from the nursing home. Keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at brisk 8668485699. Or log on to legal exchange showed John job. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Brent de cuisine brand leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we Z rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the are -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new -- the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get -- -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again -- 803934001. You can download the guide right now at a Armstrong advisory dot com. Securities are with the securities America incorporated members and SIPC advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. The financial exchange. Is Cole a brutal England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed dot com and find the station closest to you. This is the financial exchange radio network. Once again this continues on this it's time for trivia here on the financial exchange and let's see the way this worked. If you're not familiar with trivia. Attacks just the right answer at 63566. That's the number to read the wrong one. 6356. I didn't read the rhetoric and I know sometimes it just get confused I was looking out. Members are to announce a text us at 63566. Per firmly with the right answer. And in this case if you're the fifth person with the right answer you're gonna get a fifty dollar gas card. Simple today we are doing trivia based on the battle of Okinawa with a reason why. Now was that on this day in 1945. The tenth united states army division invaded the Japanese island of Okinawa beginning the largest in previous assault. Ever in the Pacific. So we're gonna be asking questions about the battle will now in here is the question. How many days did the battle of Okinawa last Texas at 63566. If you're a fifth person with the right answer you get a fifty dollar gas card. How many days did the battle of Okinawa last. Texas at 63566. So Chris we're talking in the the last segment about IPOs and specifically about the lift IPO yes. And you mentioned that would lift IP noted at a market cap of around 22 billion dollars. I'm gonna ask you question I don't know if it was specified in here in this article here yeah was actually. So Amazon when they IPO. There market cap. Was less than 600 million dollars it was tiny compared to what you see you at this lift IPO right. And that's kind of the general trend that we're seeing now is companies are staying hope they're staying private longer raising more money during five rounds. And as a result you don't see you there early stage companies making it the public markets which means you know all those things about all of you invest in this company early on. The average investor can't really do that anymore it's it's kind of a different world today. Completely different you know when you look back you know 1999. To now. 99 and 2000 you remember that deal right. Anything chuck took dotcom dotcom and blonde I IPO doubt it I was like sixteen at the time but boomlet IPO you know not just a shuttered icon. Mary. That was stolen an Italian soccer Tucker dock objects and you go through and probably mail little money. You know so. Obviously it's different day you know copies now they've they've bigger and older and that's the biggest thing they're real companies you know. I always go back to the example it seems you. I always ask the question what they do rate well aside from having their name on what is now Angeles stay basically all we knew them for. What did I don't think you'll still today I've no idea what they do in every cycle when iGoogle. In the storm that's really remarkably enough they are stolen is that clearly MM. And crazy stock price and cute 300. Dollars and was splitting up we're drilling in times out like two dollars and maybe sixty yeah so. Obviously. Different day. 97 Amazon you know they had their IPO. 150 million dollars in revenue but they were real company but still there was so much uncertainty because we didn't really know that world. Rate notes are now we know the world finale they can take their time do they do diligence and and really build a real company as opposed to putting it dot com at the end it. I feel like the one place that you're there's two places right now they feel you are seeing those early IPOs and I think they're for different reasons to. You're seeing him now with any company that wants to be involved in canvas. Seems to be IPO in and look like you literally have Blake Hanks candidate slate. You know Jim's Wii is like trying to IPO yeah and in and it's a little something it's it's kind of like the early stage the dotcom bubble where. You don't know of Jim's candidates are Hanks we need is gonna actually pay off the other place that you're seeing it and I think this is far more. Stepped out of four more skeptical of these companies but all these blocked chain companies as well. You've seen a whole bunch from there and I just wonder if that's you know people trying to kind of ride the gravy train of Leo any investor being in interest in block chain. In putting down on their name in and saying only that we do blocked chain when Wright really they might. I think the week things very very interesting because. And a lot of people who have invested in him from the people who're in the know of the legal minds that I am in touch was yeah it's a lot of people don't lose. You know that that they're pretty clear that. Let's say a hundred people vast harder people not gonna make notes it's like the dot com bubble where you don't know at this point which companies like I can't tell you. What company a is going to really make better marijuana. You know it went again Hugo sample ever in Ireland on LA I think it's deeper than that even though you might tried. You've tried what we're gonna we gonna put a hole and holt we don't need that yet but think about it. I don't know the difference from our right their growers okay directories and sellers on the medicinal sellers. I don't know and I think most people don't know all the pockets and even the laws between different states and what you caning can't do and every state. It's it's it's it's a blower you know it ecosystems and the legal guys or more in our all in and they really have a huge advantage aspire is. You know if you're gonna Whittle if you with a good legal team you have a huge advantage that really maybe. Potentially maybe but again with a all the regulations in the lack thereof in really we don't know with a lot of that going completely. I don't know how you get into it. Basically it's a pretty good rest it is let's take a quick break when we come back we're talking Saudi aramco and apple canceling a project. It announced a year ago. 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. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces do you really want a right to check your former son or daughter in law in just a buyback your own home. Unless ski. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to own your real estate you can protected from the nursing home. Keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at risk 8668485699. Or log on to legal exchange showed dot com. This is a special announcement for all landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of rent today we're zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need do have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the are -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do -- 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. Securities are with the securities America incorporated members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and -- companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step ahead or are strong here and I'm joined today by Todd what's key from the law firm of Cushing and Dolan. And worked talking about the guide to different types of real state ownership many view all home team I don't know. Holm here in new England and he might have police in Florida. Taught what a question that comes up quite often is. What are the implications. Of transferring your home to your kids in order to protect it from the nursing home yeah that's one of them. Worst things you can do makes my teeth which line really bad because. One you've given up control over your home front doors anymore it and that's not a comfortable feeling of my client I heard a live there. Two if you wanna sell you can't it's not your if you do cellar where all the money go to the kids. Never mind all that there's a huge tax implication that comes from this if your kids are great kids right. If you bought your house you don't usually go thirty years ago you probably paid a little four. Now it's worth a lot. Right and you give it to my touchpad sale was tax free when soma house's tax free except it's not yours you gave it your children this example and that's the problem. And then you give them your basis. And if you give them your cost basis all that built in gain. Is gonna be taxed to the children so that's the tax prob you don't get that tax free sale when you immediately to your kids you don't that's a big night. So I mean right there if you have given it to them now are now even if they agreed to sell that they got to pay the acts that you don't have the money you hope they give it back Q and then as a gift tax. Nightmares have you ever thought about the best way to own and protect your home or even your vacation property. Call Cushing handle and for the brand new guide about the different types of real estate ownership the phone number is 8668485699. Its toll free 8668485699. How should you own your real state call now 8668485699. You might not be able to keep up with all the latest business and finance news but we can't fix the financial exchange with Barry Armstrong and chunks not a on the financial exchange radio network. Joining us on the line now is Todd lucky he's an estate planning attorney with the law. Firm of Cushing and Dolan and he joins us now. Talked about the last chance you have to get the guide he just put out. The guide is titled the top estate planning mistakes to avoid in today's the last day that we are giving. That got away Todd thanks for joining me today. So Todd in terms of that this guy and normally we do this on the last day of the week of the month. But the 31 of march fell yesterday and so we're giving people one more chance to get this guy to get its title the top the state planning mistakes to avoid. In I was looking through this and and I wondered just walked through a couple of the scenarios that you lay out in here in the first one for a lot of people might come to you Wednesday. G Todd I've I've I've got a will do what I really need anything else that should be a good in upstate and it says everything goes to my spouse. Is that enough. Yeah and that's really the problem many people realized or will it really all it won't do a lot of things that you want the so you have just don't ask yourself. You know what I wanna avoid probate a will or won't do that there I used at chuck if I'm leaving all my hands at my chips and I might bounced. I wonder what order they pack a will won't do that. I go if you wanna will protect that that from the nursing home a will won't do that so it really is a wall. And you really eat more I believe and just the well what. Someone who comes in and says Todd I actually have more than a well I did a trust but I did it ten or fifteen years ago. Is that a case where someone might need to update their planning. You know and that's I love about that particular guys that really got something for people who are on their planning and people will happen and don't wanna make the mistake going forward. He appoint someone party on their land and if you are going but normal. Not my cup opening and it in years ago I would and fifteen years younger. Maybe I wasn't thinking out there and are all like it or revoke or. And now now I animal there and I are at bat that maybe I guess which. To an irrevocable. Maybe that's a that grown significantly over time or none of that happened. Maybe used simply you know I got my children have grown up they they're married and you know what. Currently and everything in my kids ultimately when my wife and I I didn't. I wanna leave a little bump in the attic but protect it from cuter divorce. Might need to change how your response of languages. And the other. Many think it could happen on what do you if you haven't been under your trust. What do that I have another key case that attend the ran into a Lotta Lotta people do want to leave. Money or other assets two children might be a Holman might be a bank account. But a lot of times and I'll see them do. Is they'll either add themselves to you know a child's account can make that a joint account or maybe at which a child to their counter onto a do you have a property. And say yeah I just I noted jointly with my kid and there's there's no problem. Well I don't know what kind of scenario. Absolutely I do not want to turn people stay up eat it wiggles or Coke like I mean the count I went out. A couple of things one. You have multiple children and you had one child who would close. Just cut out and eat it or their name out there now that you're going to end up having having to this and Eric by our. The other the other choke it a go directly to that. And and with regard to a house even bigger problem that now he actually made it completed yet. -- out how what one child name on the on the out. Given away. Now could be creating I don't liability problem I went to work the child support what your living. And they have to out and consecrated outburst but not so. It seemed like a quick pick. Probably not a great idea though. Outstanding Todd we've got to run but thanks for joining us and we'll talk to you soon. Stop what you from the law firm of cushion in Dolan again this is the last opportunity that you have to get this guide. From Todd what's key it's titled the top estate planning mistakes and how to avoid them. In all you have to do to get it is call 8668. Foray. 5699. Normally we and giving away these guides on the last day of the month but the 31 fell yesterday sued to date is now the last the last date to get this guy all you have to do. Is call 86684. Rate. 5699. There's about twelve hours and twenty minutes that he can still get this guy but after that. Not going to be available anymore so again the number to get it that is 866. 8485699. It's a great guy to get even if you've already done some estate planning is Todd mentioned let's see you've already done well let's they've already done a trust. There are still things that you need to make sure are included in those documents to make sure that you're not make mistakes they could be easily prevent to begin the number to call is 866. 848 5699. Or you can also go online to get it if you listen to his innocence in front of the computer you just prefer. You're downloading it you can go to legal exchange show. Dot com. Prior to the last and the last segment we did a trivia question the question was how many days to be battle Okinawa last. The correct answer was 82 in the winter there with Brian from Sutton Mastny takes only a fifty dollar gift card. To be gas station of his choosing. Don't we're dutrow begin to Mars if you didn't win today makes you tune in tomorrow you might get yourself another chance. Chris let's talk a little bit about Saudi aramco. I don't know a lot of our listeners are necessarily familiar with the court date to begin. Big trillion dollar company amazing could be the biggest ever IPO mean potentially could be if you look at what. You know prince Mohamed stranded due trying to diversify a little bit. And it was he valued at two trillion it's an oil company were at two trillion. And they said that it's closer to one point four. In what they pay and they pay 50% roughly in taxes it's amazing what's going on there and it's it's not it's not even the best of companies and it's okay. It's his very big yeah I mean it in effect effectively Saudi aramco it's it's the state owned oil company of Saudi Arabia. And pretty much from by all intents and purposes pretty much is most of the economy of south 70%. Yeah it's only rated a plus which is the fifth highest investment rating by it so it's it's not certainly not AAA like. Exxon no joke so maybe a little bit bigger than Exxon but it certainly isn't as. Solid stable. It in the big thing their net income last year was a 111. Billion dollars in profits. Which is just absolutely massive 355. Billion in revenue it's just a huge huge company. And a hugely profitable company as well so you know as a company they've talked about IPO and for a number of years they haven't gotten there yet. But it is one that still bears watching just because the numbers are just some maps. And it's you know it's ahead of apple as the world's most profitable companies so that right there kind of meal lights that you know these the interest for most people but again. Yeah in this so much money you know in Dubai. Saudi this so much money coming in there that at some point. A trillion dollar company. It has to come this way you know young EC Morgan Stanley is is dealing with a it and it has to be it has to be players in our economy just because it's it's absolutely Chris are you win apple or an interim guy when it comes to your phone and actually an android guy which is very to me in my world as very usual most people seem to have Apple's what what's your reason for going with android to begin. And did you have her own an apple part yes I never owned an apple product it in and I told you the real reason you know that had people mad at me so I'm gonna be okay don't leave them alone outcomes after only that allowed. But it is it was actually format familiarity. OK with the spots in Norway around all Oca yes Liza she hatter on what was an apple yeah I had my phone which is an android. Nobody was going to reach goes oh yeah and that's kind of way to the peace completely kept yes and again if I had to do it over. It would take an apple for a today it just seems to me that there's more room out there. And the service might be a little bit better in and I night an the only goal Biden got on that. The eye test tells me yet when I'm walking down and say boil then. In this tons and tons of people being service in the yet only Apple Store yeah it kind of makes me believe that the service probably better. Now. Android hasn't been back to me but I'm not doing. So here here's why I ask is apple about a year and a half ago. Had announced a product called air power which premiered a prediction on the continuum. And lo we don't get to that predict seconds over here airpower if you're not familiar with that it was a Mac. That you could put up to three devices on. I'll forward a watched earbuds and they would charge wirelessly. On this Matty has put mold down you need three different matches three different plugs or anything like that. You just put mall down on this map and stop shopping for my devices in pretty much what apple has done that apple is cancel the product the B strain of said. We can't do investment listening to Russia and they said in in I'd actually read a number of places that I guess physicists had looked at the design mock ups weren't. And the black Africans and said. As you can't do this without blowing up house Blakey you can pretty much gonna like the whole place on fire if you try to do this Tucker what was the prediction that we had. Will we only give a price production saw I don't know and give this up push or not. But we predicted I predict there will be 99 dollars he protected predicted to be eighty dollars but is that a push or do we just whiff on the prediction and thank you both missed the price zero technically we both I think SS I think we both mentally and think outside the box right now. And and we should have so. This world where I wanted to ask you Chris. It's rare that a company announces a product and just completely cancels that like we see cases where to collapse of a given example lake. A product might come out in and they decide there's no we you know market Ford and it gets canceled at that point or maybe products is delayed to write three years. But it eventually gets there. Do you call any other case where product is just announced and then later dropped without ever selling it. But I don't want to house blown out well that's you know that's the other little things that's that's the other thing. But it but think about it. You're they they probably had the least what they thought they had it was a pretty good handle on this that this thing was pretty far along in development in what was cut. It was obviously a huge issue in Ellicott really. And that's that's the unusual thing about using before they make these announcements they've really have a buttoned up pretty tight. Yet it it sure seems like they just couldn't actually gets. Critics accused they they just couldn't get it to work and so apple and fortunately for a lot of folks I think. Forced to cancel this product where I'm curious about is. You know does this change anything as far as how they roll out new products and and you know one of the problems with apple has been the so called lack of creativity you know lack of that next new product kind of replaced BI for the next big thing. This kind of evidence of that lake rightly or wrongly this is hey we are trying to do something innovative and we put it. And I would say that's reflective of the stock not certainly not making the moves that he used to make. I mean there has slowed down dramatically. A bone Apple's stock for at least. Quality years yeah you know I have made some significant jumps. But when they're trying to get ahead in they really haven't done ahead after the you know the obvious to the phone in the evolution of the phone. But what really jumps out. Can I pay act kind of but not nearly nights at right nice but certainly not needed and certainly not a game changer there has been no game change. You know so it in this certainly the charging pad not a game changer but certainly. I game changer aspiring is everybody who use an apple product could use this path so here's a question. Worry Crusoe. Go back to kind of the biggest inventions that Apple's had in the last two decades though. The iPod was kind of the the first one that kind of put them back on the map back and I think you 2000 arrow one would do once again and and the question that they that people had that the question and answer was. Look at Elvis music intellect here and around on my CDs came to do. Hey here's how you care all your music in one place all. Then we get to the guys I've voted 2007 which is hey you want a phone you want your music you want it's it's all your stuff. In your lights it's it's your life in one device that you can carry around and around not an issue with. When you use technology to. What's the biggest issue facing. What's good what what is an accident I look at like how I try to handle like how I try to manage all of these different things. You know the phone takes care so much there's nothing that there's no low hanging fruit there for me the biggest thing is. Switching between devices. Still is not the easiest upon doing something on my phone but I wanna sit down at a computer right. I can do if I can guess apple has that where you know on my Mac suffice it to and I can pick something up that I was writing. Absolutely but it's still isn't kind of you know I can seamless it's not. Who is seamless. And so would I do think could potentially get there if they can get the price point down. Are these new potentially full doubled displays and things like that where okay. You go from your phone you pulled out you have a tablet if you you know that's kind of where I think we might be going and tried to like when 500 bucks now it's just not feasible for most people at bats early I mean it takes a little time for these things it is. Let's take a break when we come back we've got Tim Stephens from CNET roadshow joining us right after this. And include. Reid chuck in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful and nursing home stay can judge your financial well -- and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home is sold if you find yourself in a similar position in need Todd let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show on will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset. Called today for your free guide at 8668485699. Don't put your home at risk ticking away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank best checking and savings accounts that can provided decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is Chuck Todd and I've been doing business with the leader bank for many years so if you would need the bank with great rates on checking and savings accounts will no further than leader bank -- rewards account qualifying customers get 1% back on -- it's 10% back at featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- savings account has -- 2.3 5% APY that's 2.3 5% in -- a great perk -- -- my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. 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There is -- with the securities America incorporated members and as a PC advisory services -- with the securities -- advisors incorporated -- -- representative Armstrong advisory group the securities and companies are unaffiliated are you thinking about transferring your home to your children in order to protected from the nursing -- did you know that if you do you -- -- risk for your children's creditors including future divorces you really wanna -- -- -- your former son -- daughter in -- in just a -- your own home unless -- partner with -- and -- and host of the legal exchange radio -- wants you to know that not only -- transferring the property put your -- at risk but he can also create -- huge capital gains -- when they sell -- there are better ways to -- your real -- you can protect -- from the nursing -- keep -- away from -- -- -- avoid -- -- -- -- unnecessary taxes -- -- -- -- real estate -- today by -- 8668485699. This free -- we'll show -- the best -- -- -- different types -- real -- call -- for your free -- 8668485699. -- -- -- -- immediately by -- -- exchange -- dot com don't -- your -- -- -- 8668485699. -- log -- -- -- exchange -- dot com. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you do it. Stewart Barry to 63566. And let us know what you think about the stories we discussed. Your team to the financial exchange radio network. What has promised Tim Stevens from CNET wrote sued joins us now here to talk about that. 20/20. Portion Ty can. Tim thanks for joining us programming since it did I pronounce the name of that current. I've heard it tyke con and I can it's somewhere in between I'm not sure honestly I think it's something that the lord definitely gonna get wrong a lot wouldn't prevent. Or so we've got a tomato to motto situation here but I. Let's talk about what this vehicle is what's what's the target what's what's unique about this car. It is. Porsche first. Full production all electric vehicle no hybrid it is all about a power this is basically going straight on at that as LaMont let this will be the biggest companies in the Cutler has seen for the mullet yet it is basically afford corporate. Performances Sudan. And again that we're going strictly against the of the model that they have really given formal performance figures yet but we're not going somewhere around three or mountain range. There should be very competitive and very quick it. In terms of Bob when this car's going to be available we mention that we don't have you know formal performance figures are anything. 20/20 model those can start to show up towards the end of the much of a given calendar year what what's ETA for this arriving in showrooms. The article expecting it to hit production by the end of this year so we should start seeing them on the road before 20/20. Reporters are saying they've already basically sold it because they plan to make in the first calendar years so. Basically you're looking to get what you're looking until probably late 20s20 early point 11 of the earliest but certainly we should expect to see them around. I'm by the enemies who were as good on. Are there any features in particular that stand that when you look at this vehicle that you know significantly differ from the Tesla model us. It's really it's important drive position which of course at the Porsche which means it. Has the paper that high performance car of course template are already known as being very quick on the different that course is really trying to build on that this will be a car that you can drive quickly for a long time. We took a mile or less for example yet we'll get them to respect you very quickly. But if you try to do that virus and I'm gonna roll the car will start slow down at desert or eat Porsche wanted to be able to get in your talk on end users to run again and again and again or even go to a racetrack and do lap after lap after lap. Without the car overheating based of course being in German cars for important Germany it will go on on the on the Orton goes fast they want to. Or who wanted to build a beauty that you could use that we have in data back with the should be. That Tim and MR right have you actually tested one of these pre production models. I have yeah out what you have to drive an early version of the what was called cross charisma which is collected the wagon version of the but icon and then I'll be able to get a ride to week's drop in Sweden. In in a pre production version of the icons were not the fault factor version but pretty. What's your take when you were and it. Actually I'm I'm sorry I'm gonna have to hold that until next week were up against the hard breaks though and let's let's pause that for next week and I ask you about it then how about that. Felt very good thank you are right that is Tim Stephens from CNET roadshow talking about the 20/20 portion tight on some additional. Competition coming for Tesla. Just as they're trying to get their house in order for the rest of the year. Chris it's been fun to Oxford gray appreciate it. But reported seeing again Chris Collins juts out at doctor Silva where sign and offered today but we are back get it tomorrow on the financial exchange.