WRKO>Audio & Video on Demand>>Full Show 4-3-19

Full Show 4-3-19

Apr 3, 2019|

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

You know. 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 today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck saga. There's a significant amount of them. Bad news as it relates to our economy EDU reports this morning was we came out and eat fifteen. We just moments ago got ISM non manufacturing data that was weaker than expected heavy duty truck orders are. Slowing down US auto sales are slowing down in the first quarter. And caterpillar shares are falling after a downgrade from respected analyst hi everybody it's buried truck with you here. On Wednesday morning and I just kind of figured chuck we must get all the bad news out of the way early in the show. My gosh there's a lot of bad news. That there's a decent amount and I think you look it's it's something that I don't think it's entirely unexpected we've been talking about how. That the rest of the world has seen a significant slowdown. Economically over the last six months. And it seems like your start to see that trickling into the US at this point. Get to the point where it's it's starting to have impacts in places that you previously you know war really seeing any negative. Affects so have the you know it's it's simply a case of you know we are not isolated from the rest of the world and I think as a result of that it's it's you're starting to see a lot of that creep into the US economy now. ADP big mess there this. Yeah I mean it's it's a miss I'm not overly concerned about you know 50000. Job miss you know for one month or something like that. It is a little bit concerning when you look at it say okay comes on the back. Of a weak government jobs report that we got last month and so you start stringing together a couple of these and you say. Car is there something that's happening from a from an unemployment perspective here that that you know bears watching that we need to worry about. What I think is really interest in what I'm curious to see on on Friday when we get the government report. Does do we get weak headline number again is that will be you know two straight months of of weak headline numbers there but also. I feel like the companies that are hiring are still having to pay higher wages in order to get the people they want. I wouldn't be surprised and Tucker you can put this on the prediction board and do whatever you do with all right there. I would not be surprised if you see a month this year where we have negative job growth on the government jobs report. But positive. Wage gross north of 3% annualized for the same month. That'd be pretty unusual it would be but I wouldn't be surprised if you see that come across the tape at some point this year. And they'll. Logic being there are a lot of retirement going on is that would root cause I think in general I think you're you have companies that are somewhat tapped out as far as trying to find available workers and so they're willing to pay more for those workers. But they're not necessarily hiring in the numbers they used to. And so I think that's what that that's kind of the calculus that I'm looking. There and get heavy duty truck orders. Had a bad month in the month marked North American freight carriers ordered. 151700. Class eight trucks eases the big breaks that are used for regional and long haul routes. This according to me preliminary report from act research that's a 66%. Drop from year. Yet named in we have seen a big uptick in these heavy truck orders over the course of late 2017 and ended and really through much of 2018. But this is also was six point 7% decline from February. And this is the lowest overall number. For class eight trucks that are ordered since October of 2016 seed to go back before the last presidential election. To find the last time that we saw a truck orders this low. In the United States and so that's something that you know really indicates paid that the big trucking companies that you know handle again. The bulk of the shipping for inferred in for eight in economy that. For better for worse now is just starting to become really dependent on shipping as far as. You know what Amazon's doing in the rise of e-commerce are seeing you more and more goods traveling around the country. The fact that you're seeing orders at this soulful level suggest that they know something that the average consumer doesn't. Thing to remember their two truckers and nine month lag if you any end to order truck today. Yup it's nine months that's how long your way to track. Yes and that this is not saying hey the economy is BM stopping today but it's saying companies are looking out you know towards end of this year and saying. And we're not quite sure if the demands going to be there maybe we need to put that in a pump the brakes on this. I'll tell you one thing it's not dispute a bull we can debate whether the unemployment picture is getting worse or trucking order larger planes even. Auto sales and a drop in the first quarter by about 4%. Yet it it's a fairly significant number I mean you figure we sold almost seventeen million automobiles last year in the united states of 4%. You pull on him on an annualized pace somewhere around 600000. Off the table there. And obviously you know you you do the math out. And it's actually kind of fascinating when you look at so we're we're gonna have if if this pace continues 600000. Fewer automobiles. Sold in the United States this year. The average purchase price of set automobiles right around 33000 dollars. You're talking twenty billion dollars of production coming out of the US economy here. Now that's big now not all these cars are made in the United States okay upper part of Lamar. Parts tomorrow a lot of them might not be you know made all here but assembled here once the parts are shipped in and things like that. And so you know you look at that you say gee like that's that's a decent chunk there that has the potential. To be you know pulled out of the US and world economy it's it's not in significant. Which you make of that downgrade of caterpillar by Deutsche Bank at eight there were pretty negative on the global economy. To be honest. I think it's about six months too late. You know it it just if you're worried about you know global. Production for heavy machinery and global demand for heavy machinery. Hat hasn't China been the case where it's been pretty clear since. I don't know maybe November that you. There's not really a whole lot that's going on there from this perspective and in China really is the dominant player in global growth the mean when. When we talked about global growth and where it comes from. It's all well and good to talk about Europe or Brazil or Russia. It's China by and large to a certain extent a little bit new India for us just say China Andy take those two countries. There if that's the two over two billion people yeah I mean that's that's that's where it's it's coming from so. You know it's it's nice that Deutsche Bank is you know looked at this. Caterpillar mean you you take a look at the stock it's down 1% today on this news but you go back in this was stock trading at a 154 bucks a share in early October. That has been kinda stuck in the 125. To 135 brain since. Yet again at a distinct Deutsche Bank is a six months to late woods doesn't really do anyone any good. You know show would be complete unless we talked about health care. Obamacare. I think most would consider it to be a disaster. And the Republicans are putting off unveiling their new health plan until after the two point to an election. When they think they'll have control both the house and the senate. Yeah and in this I think is is two fold in that number one any party that has. Tried to make changes to health care heading into an election. It generally. Bodes pretty poorly for their election prospects BOZ you'll get any part of its tried tackle health care in the last thirty years. It typically doesn't go well in the following election for them so I think number one just from a political standpoint. I think that you know president trump Mitch McConnell the rest of Republican leadership saying. Look we we don't want to you know have a BO potential problem heading into. The election in 20/20 but I also think. You know when Republicans controlled the house senate and presidency back in 2017. Bickering get a bill through. You know and so I think that there is a real problem with trying to get a a bill they can pass both the house in the senate. Especially with a Democrat controlled house right now and the and get you up anything through that Republicans won anything through the Democrats have won so. I think they're just saying look we're not gonna deal. Pony up for you know fight that no one's gonna win why are we gonna bloody each other just for no reason let's wait until we see what the landscape looks like in 20/20. You know there's a lot of talk about Medicare for all right from the last minorities to see consistent conversations along those lines. And if it's funny and I think this is largely each curve and a 59 years old. And I can tell you may not many of my peers struck. Make it eat 65. With their employer you know whether there work at Raytheon where do work at IBM fidelity GAAP. Any big company for some reason those big companies start edging out the older workers after age 55. And you know when I talk to my peer group B there's this appetite. For Medicare eligibility. At each sixty. Because again if you work for fidelity. Not many people make it it fidelity until they reach 65 in a lot of them get pushed out. Guys 6263. And then your and a heck of a spot. 'cause you have to love by your health insurance privately at an age when nobody really wants to insure you because that's when your prone to having heart disease and liver problems and kidney problems and and everything else. What do you think it would what's the appetite in and how does how does the your younger generation feel about making Medicare eligible to people at age sixty instead of age 65. I guess if if you're walking out in terms of how to be you're asking kind of had of people in their twenties and thirties feel about the yeah I because you've all seen it with your parents write the got to bite my dad retired it to use 56. You know Indian health insurance was an issue that he had to address. It was different back then but now would we you know there's a lot of people eight that are. 5558. And they want to retire they might have enough money to retire if it were not for the fact that they have to pay 2000 dollars a month for health insurance that's that's about what your pain if you wanna go out in. Remotely sure. Corporate health plan. In the private sector and go by tufts planner blue cross blue shield plan in your 62 years old you're going to be paying about 2000 bucks a month for health interest. Yeah I mean I don't know that a lot of people in their twenties and thirties necessarily think a ton about. You know whether Medicare should be expanded just need sixty at the bit probably more talk about near should be expanded to everyone. And I I don't know if there's a again I I just. If you're 25 and thirty. You know usually thinking about each sixty. You know you know that's true but you're kind of we were prepared to tunnel vision when I don't know you so. I think that there's a whole bunch of people as you mentioned there are a ton of people who. I know that are in their fifties that are saying look at want to retire at sixty or 62 what the heck am I gonna do about medical. Right like. That age group I think is highly focused and highly motivated to see Medicare expansion down to age sixty. Or even 62 the same time he collects Social Security yes I think we must run into with your clients all the time. All it one of the biggest challenges is for people who want to retire early. Is telling them hey look if you retire three years early get seven grand in medical cost you got to figure out that you know we got we need to account for. That is the single biggest impediment to people retiring before age 65 for it now. That's our poll question today do you think that you should be able to qualify for Medicare at age sixty. You can participate in the poll by visiting our website its financial exchange showed dot com. To participate in the poll or you can Texas with your thoughts on that topic or text numbers 63566. We'll take a look at your techs and will be talking about Amazon expanding in the Boston area when we return to 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 in chunks of up on 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 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 well being and transferring a property isn't always the best solution because you're looking -- 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 keep it 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 windier eighties you better have a plan for your retirement savings if not you might outlive your money hi this is chuck is 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 ask 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 to. He's offered to securities America incorporated members in SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated but folks this is Mike Armstrong from the financial exchange I'm joined now by. Yeah I I go back to the first apartment that I ever rented us there were five of us in this. Franklin is terrible Somerville apartment. But we're all trying to coordinate our Renton it was a bit and 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 bit easier. Shore Michael thanks so we created zero rents really automating simplify the whole range collection process for landlords and property managers. And what we do is we we basically if there's individual tenants will debit them individually and patched their payments together it's and instantly it's. So landlords love it whether it's you know a single unit landlord or more of a professional landlord and hundreds of units. They use this product. For the reporting the automated rent collection for the tenant. Rent splitting so it's it's been great. That's pretty nice you mentioned and most importantly it's completely reprise Harry get it offer for free yes hello our strategy has been a little bit different we don't charge tenants and we don't charge. To what we do is we actually licenses through banks. Who then offering to their landmark it's. And for being a client of that being too becomes a free serviceable the landlords and tends attacks at a number of different New England local bank set up more we do we have quite a few institutions are all available on the rent dot net seeking going seat and always adding new institutions. Folks again the name of the service is he renting you can get a lot more information by going to see rent dot net it is a completely free tool for both landlords and tenants. And once again there's a lot more information you can get to get signed up and start collecting your tenants rent online immediately he rents dot net or even give them a call. At 7816418691. Against you rent dot net or 781641. 8691. Securities offered to securities America each member senator SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchanged 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 24/7. Right here on the financial exchange radio network. The poll question is do you think you should be able to qualify for that security sixty. Thus far turn 64%. Of our listeners think yes you should that's according to people voting on our website still very early. You can vote and our poll question by visiting financial exchange showed dot com. And then we get some just terrific text messages that I want sheer. 50 wait rates great idea but for other reasons I wanna work companies don't want the added expense. Of insuring and need 64. And boy are we ever heard that story before. Yeah I mean who we certainly have now. The big counterpoint to that is that OK let's let's say you do have Medicaid Medicare expansion and let's say that you expanded to age sixty or 62 either one. What you're doing is you're taking people that are you know healthier than the average Medicare enrollees today accused in general when you're younger your healthier. In your moving them on to the Medicare rules so in theory that should bring some costs down on a per person basis in Medicare. Right but here's here's the counterpoint to that is that. You're looking at that you're saying okay we still need to figure out how to actually pay for those additional people just because Medicare premiums don't cover all the cost to those programs it's why we have been a Medicare taxes so. Part of it is okay it might lower the per person premium cost on a monthly basis there. But in order to make it work you probably have depth higher taxes somewhere otherwise you just running up a bigger deficit that. I'll tell you one area. That people work in and you forget this because so many of us are in working at white collar jobs that we text message from New Hampshire 603 rights. RM forty years old and I worked in the big story treat a mean. If you work on carpenter plumber and electrician a Mason. I Federer. I can tell you what to say I've got a lot of these guys as a client. And at age sixty. Their bodies are toast there need be it shoulder problems the problems back problems that they're physical ailments. Preclude them from being gainfully employed in the world trade in 62 that make you to do something else. But they're certainly not a EU has been this you don't meet many 62 year old plumber who are still actively working this problem. Know that they might be managing you know a team or something like that a man Jia you know it a trucker group but you know that they're they're not necessarily down in the trenches kind of do and did all the work just as their bodies been beaten up for the last. Forty years. Here's a six point seven yes it should be available at H sixty on the disabled union worker at 58. That that's EC that's damn thing people forget about this yet the blue collar workers yet. It there's a tendency to think this in a white collar job with your accountant greater Pearson on your rump as a radio guy. Right the year you could do that to your 7080. See a lot of guys that keep work and and in media. For a long time but yeah if you're working behind a computer screen you can do that Lisa and you try sewing and hammer to accept it's not so easy. No it's it it it's not and you know we I think we tend to lose sight that an awful lot just because we and that the majority of the jobs in this country now are service jobs they're there viewer submitted desk or maybe you're standing behind a desk or something like that. You're you're not out you know lifting heavy things and moving everything's on a regular basis but the store whole bunch of people that are. And the human body is just not meant to work through will be at age 65 or seventy in those types of jobs can't handle a lot of case. It's puts us speaking of service jobs Amazon is hiring additional workers in Medford there's sounds like they're moving people out of back a to Medford and it's all work as a relates to elects. Yeah that's what it seems to be and so was this is going to be a 50000 square foot office at one tapper wrote in Medford it's right next to. The Wellington station. For the Orange Line so Canon right off you know a little bit past assembly row and all those things. And the office is going to have about 200 workers it looks like so. Near this is in the big you know 1020000. Person facility. But it can be 200 workers if they're working on Alexa they're probably pretty darn well compensated. An Amazon continuing to make bigger inroads into the boss near the get a building going up in the seaport right now it's gonna be done in about a year and a half I believe. And so continuing. To try to take advantage of a lot of the talent most notably coming from places like MIT end sadly ho. Arbor and that's going to be good for the real estate market though in Medford new evening about that that the towns that surround that area. They're gonna get a boost from let me tell you they don't you birdies much of a boost there they're getting expensive already. Why nobody think about UPE Seau honey I get a job than in Medford. When we buy a place there and so our place and a bit. You want to know what my concern on all of this is the is that it's. In order for the city of Boston in the surrounding area in order for that all to work. You need to have places where your low income workers can live in commute into the city. And part of what you start to see now is a lot of these communities are getting so one affordable. That is pushing those lower income workers further and further out and I wonder if you get to a point soon where he starts he shortages and people who can do the jobs that people don't want to do you know the jobs where you're a janitor year near where I am more. We get here is Janet remake of sixty or you're there and you have to pay him more or you're gonna have to build more housing it's one of the two last happened otherwise you're gonna run into a shortage of those workers. The problem is you build more housing heady with people you know lately V Europe I travel is. Africa's already. Ridiculous in in in most cities were met with flying colors flying cars and you're you're all about the flying car. It was the thing and Star Trek the the transporter. The transport I don't like the idea of my molecules being assembled and then reassembled somewhere else and just it's an initial. I don't like it the price of boils up again it's at 6260. And when we come back or talked about in these jobs Martha Coakley just took you're not gonna believe this hoax. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Amazingly there are studies out there the -- 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 Collison 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 -- 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. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Amazingly there are studies out there the same 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 Armstrong 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 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 -- 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 hurt 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 in 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 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. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent 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 when -- rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot -- to learn more or call 781641869136. Enough. Money the last throughout your retirement years I think you have to be sure we need to bring new guide from the Armstrong advisory group by steps to help you not only your money guide contains information that is critical to your ability to protect your retirement savings of the new money lasts as long as you do all right now 803934001. And that's 803934. 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 Merck advisors incorporated burials are represented the arms are advisory group ministers 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 are hitting the market and rates are dropping serve your first time home buyer joint leader bank. Fur free seminar on Saturday April 6 and learn all you need to know about the mortgage process. They're helpful loan officers will walk you through the steps to take to find and purchase your new home in new customers they get a 500 dollar coupon towards closing costs. Excuse me. Reserve your seat now at leader bank dot com slash RSVP. Or by calling 7816418600. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. So we've got markets showing green overall today. What's interesting here is on a sector by sector basis you take a look at kind of what's what's leading what's lagging. Materials and technology leading some kind of a risk on environment staples and real estate lagging so even with some of the concerns. You know about you know they ADP report missing by a little bit. Truck quarters down a little bit you're still seeing a risk on environment likely because of the positive news about US China negotiations over night so. That is Wall Street watch presented by the leader back. You know I'm surprised on two fronts. And our poll question I I was quite sure that most people would be opposed. Most are listeners would be opposed to expanding Medicare age sixty. In fact just the opposite is true 63% of our audience saying that Medicare should be should be of the qualified forty to sixty. Which tells me chucked. That this scenario we're talking about is quite common where people are losing their jobs at major companies or their bodies are breaking down party 65. Five away rights. How about charging companies who lay off or forced out 55 year old plus workers the full Medicare costs for that worker until they've retreated sixty. I think that's that's a pretty. I would consider that to be pretty at that Elizabeth Warren type of proposal birdies Anderson proposals. Yet I just I think the big thing that I continue to come back to is. We need to it in order to be able to address health care costs I think one of the biggest things that we need to do is separate health care from employment. You know it's it is again since World War II we've had health insurance largely tied to employment but that's that is how you get health insurance for her 90% of people out there. And the problem is if let's say that you do get laid off for you do lose your job. Yeah you might be able to get cobra something like that for a little bit but. It's it's a short term fix we don't have a robust system for people to get insurance. Through means other than their employer and if. No you're absolutely right and and it's not just old people they get discriminated against you you're interviewing somebody. And you find out they've got five kids and their Mary Norway's got diabetes was the last person wanna hire right. Right and and I think look if if you want to take care of the problem we need to work on separating. Health care from employment like it's it's that they're not link the or reason they're late the only reason why you get health insurance through a job in the United States is because in World War II. Companies were prohibited from raising wages and so the work around was instead of raising wages hey we're gonna give you healthcare benefits in its stock for the last seven years even though there's no rhyme or reason to whites on the and I'll tell you what corporations would be happening off Oakland home of the would would they ever. You know it's because you think about that the fastest rising cost out there. Health care. It was in its the second and cost to any company right in the queue that wages are first usually. And then second is going to be your cost of health insurance and then your rent. It's. And also you think about it one of the reasons why I think we've had slow wage growth the last decade. Is because companies have had to spend more money on health insurance and things like that if you can have those additional costs in companies said OK now we've got you know extra money. I think you'd see eight true were you know wage bombed every year as opposed to you know what we've seen for the last decade because. A lot of companies look at and say gee our portion of the health insurance bill is going up by 12%. We can only afford a 2% raise for everyone wears if they didn't have that. It would be hey you know what but we're not seeing that cost increase passed through to us and so instead we can afford larger raises. Martha Coakley has a new job she's going to work for Jules idea. You know if pershing became a lobbyist. And then graduate to work for polio. And now he has been at work directly for Jules who. She admonished. Shoes shoes warnings which use the attorney general shoes warnings about the horrors these cigarettes. And now she's gonna work for the enemy yet that this was. Show me the money baby did showed me the body. It's tough to view this as anything more than a cash grab. Absolutely you know it's Coakley was one of forty attorneys general who back in 2013. Wrote a letter urging the FDA to ban sales of cigarettes to minors. And now she's joined in she says they. I believe in two labs commitment to eliminate combustible cigarettes the number one cause of preventable death in our country and to combat youth usage well. It doesn't really mesh with what we're here what we're seeing from Jules labs and how they try to do business. I gotta tell you though from jewels labs perspective and Altria owns a big chunk of them just in the yup so. Altria this is all the Cecil Prius fingerprints all over they're the ones in the room that are sparked figure this out. More Gil used to work for Martha Coakley right so now Martha can call more at say more we need to have lunch. And this is how you can settle this agreement we're gonna write your check this could be a big check it's going to be a small chipped. And Martha I would which is getting paid in the I tried to figured out this morning but as attorney general economic and right you're Jamaican won fifty once at any time and decent money get a nice pension. But now you know she's a big issue make it a million bucks a year business. She's got at least a seven figure salaries for this at least high sixes I would imagine you know Korea. She's captioning and and eat there have to worry about her running for office again and no no her political career at the result on at this point. I just I I think it's. You know we AT if this is a storybook capitalism right she she the served as a prosecutor. For forty years 3540 years. And now she says say I didn't make any money when I was working for the state. Now and now you're gonna pay me. And she will get paid by Altria ultimately and make a lot of money for what she knows and who she knows. Yet it's part that's pretty much what you're seeing are mean that this is. This is a pretty. Classic case of regulatory capture where you say okay. You know you you've got these interest that are intertwined and eat you can bet that if jewel was bringing. Someone on to lobby on their behalf their lobbying based on what's best for jewel not what's best for kids. Yet it's Smart on jewels partly let's let's just. Call a spade a spade and this is a Smart move on their part this is what FaceBook should have done. FaceBook should you know when you look at companies and young unit to our problems. We you do as you go hire a judge your attorney general and put him on your board right because the judge can say you can't do that you're in a lot of trouble if you do that. Martha Coakley can now go to these meetings in Tate dope tests are off you know if you don't write it DE EE EE Sheikh didn't. Nobody can better understand the mindset of more Healy the Martha Coakley in his Martha Coke least have that job. And Martha Moore he used to work for Martha Coakley yup and it's a brilliant hire. It is good investment. Listeners asking why Altria stock is down on the sports probably because they realize. How big a problem if it's amazing in this you have teenagers. Or or if your wife works in education you don't really understand how big problems sleeping issue is at schools states. Ability it's it's you do get my wife works as a guidance counselor in a high school now in Indy it's everywhere. And it's addictive and that saved a young people forget I mean it's it's not something unity if you start taping when your fifteen. It's not like your gun to stop when you turn toward history and we we don't have any we don't have any data now on what the long term effects of an hour. No we don't think coming up where are we talking about whole crisis. Looks like they're about to rally but there's a factor that may not be in and taken into consideration which we will talk about home prices are up next on the financial option. Still sits in stuck to our. Close your portfolio keeps 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 trucks 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 -- -- sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now with 803934001. Get your free guide and ask about a complimentary consultation with one of our advisors we can walk you through the process step by step and give -- 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 to. He's our with the 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 the nursing home stay can judge your financial wellbeing 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 -- d.'s new guide the risks and rewards of real estate ownership a senior partner with -- 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 and as 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're in need of a bank with great rates on checking and savings accounts -- 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% 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. Or visit them online at leader bank dot com minimum deposit open and earn annual percentage yield -- ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings great subject to change without notice leader banked a step ahead member FDIC. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent date we've Z -- leader banks all mine rent collection tool zero 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. 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 to just make sense of leader banker call and 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 at financial exchange showed does John. Vote your conscience. There aren't just vote. Go to financial exchange O Doug comment castaway. Core logic is the rules state that data analytics company. And they are suggesting there and I suggest they are projecting. The annual gold prices are gonna gain in value by about 5%. By 20/20. Ends I think they're gaining are gauging that China based on demand went up demand by meals but also. Lower mortgage rates. Yeah I mean if you look at their relationship between mortgage rates and home prices. It's it's fairly. Tight in terms of how they moved so here's the way it works let's say that I'm in the market for a new house. And I go out when rates are 5% in the bank says chuck you know what you can bar 200000 dollars when rates are 5% for thirty year fixed. If that rate dropped from five. 5% to 4% as we've seen over the last six months that's pretty much what's happened on thirty year fixed. The bank welcome back to me assuming that I know ask them and say chuck we're going to Indy 200000 dollars. But now we're willing to lend you 200000. Ever or 220000. Okay every 1% that rates go down. Equates to an extra 10% in affordability and 10% more house that you can buy from a price perspective. The problem is what if rates oracle and me crazy day rates don't always go down folks in the game most of us have lived in an environment. Where really all rates have done is come down since 1981. But you know it's conceivable. The you can go into a period of time where the ten year treasury goes up to utter 023 and a half 4%. That that's not an inconceivable. Yet it in and certainly you know something like that would have a significant. Impact on home price we saw that in the fall where the ten year treasury got up to I think three point choose somewhere in that range I think. And as it did use up pretty much all refinancing activity dry up and on top of that a lot of new originations to or near dried up as well just because. You know people were looking out there at the prices and say and I can't afford the home that I thought I could now that they're higher rates and I think that's part of the reason why you've seen price cuts mean economy returns to the the home buying market in in recent months. Having a sound plan for retirement is one thing executing it is something else and if you don't plan properly your money might not loss lasts as long as you do. We even knew guide at this month to help you protect yourself. And your income gains at worst case scenario it's called five steps to help you not how to lose your money. And in it you'll find core strategies that are critical to managing your well. So it lasts throughout your retirement which for many people today could be as long as thirty years call right now. 803934001. That's 803934001. You get this guide today. You can also set up a free consultation with one of our advisors who can walk you through this complicated process step by step. Take the worry. Out living your money call 803934001. It's 803934001. Or download the guy. Right now at Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated. Let's say we were just talking about mortgage rates and the mortgage bankers must be making a fortune with these rate cuts. It least for right now I know the last few months have been challenging but weekly mortgage refinances spiked. 39%. In the last week. In a particular. That volume was also 58%. Higher than a year ago. So even new home purchase applications were up as well 3% week over week and 10% higher than a year ago so it's a good time a good week to you know be a mortgage banker or mortgage broker. But I think the question is hey how long to rates stay that low when we've already seen. Then moving back up the ten year treasury in the last three days is gone for 2.3 nine back up to 2.5 two. So you've already seen an eighth of Rupert if you don't even the percentage point increase there on the ten year treasury and eventually that's gonna end up getting passed through. To the mortgage market. And in you know the I have fury in Peru on the Fed I was talking to Korean Boston who spends a lot of time with the Fed governors yeah. And what he said to me in in an email list that you know with all the grief that trumpets giving Powell. Powell's probably get this back up meaning that he's the less likely to do with the president asks because a lot of people are saying he's a puppet of the president. And these guys the Fed guys whether it's Powell capital in her yellen. Bernanke before that they wanna be perceived as independent they do not want to get pushed around by the president. And you know the appointed by Fred made list. You know when you push somebody like that it's just natural human nature right to get your back up and say screw about it to tell me do and I'm not gonna do it simply because European bullying jerk estimate as that's. Is that the perception. Yes someone tells you don't jump off the average user cabinet figure how to jump off the pre you know what it would it's. If it's that exact same thing so you you're sitting there if you're in the Fed and you're saying. What even if I wanted to do that to begin with now you put me a hard Spock is I don't want the perception that I'm just doing your bidding. And break what did this is a battle that that the Fed has fought for the last fifty years of mean you can go back. Really I mean you know about it you know. Kennedy Johnson Kennedy Johnson Nixon. In all three of them had their own little battles with the Fed Nixon's very not quite as public but just as heated behind closed doors. By all accounts so it's not a new thing for the Fed to feel pressure. From the executive branch that that goes back. You know a couple generations at this point I think it's just the mechanism in the means have changed you know with me a Twitter being the dominant form of communication now. Ask him out not putter during World War II though. Literally can't imagine Churchill had a for Twitter account right. In New York fed a news is taking a look at you know housing and and young Americans. And they continue to point out. That young Americans when you compare millennium goals today right that's our young American group that's like people to when he won through 35. To just twenty years ago period the year 2000. The the the the comparison is stark student loans now make up ten point 7%. Household debt and nine point 3%. If in growth in both category so what you've got his. Young people today when they go out to buy a house they're saddled with a lot more personal that whether it's auto loans student loans. Credit card debt. Then the same generation or same group of each group of people going back to the year 2000 which is not again no longer nineteen years. Yeah and NC it meshes with the lot of the research that use the that's done on age cohorts in the economy in which they'd give either graduate high school or college depending on when they start work. And historically. What you see is that when one group. Effectively comes of age during a bad economy. Yeah that bad economy tends to follow them through out there entire life simply because their initial salaries are lower than you know people who come of age in the good economy. They might have had to take out more debt in order to go to school or bio homer things like that. And so it's not just that OK you hear you turn 22 back in 2009 or something like that and then it's over. It's UC kind of this fingerprint of the bad economy that tracks throughout their entire life cycle just because it's so hard to get out of it. Don't you think it catches up eventually though with retirements in your replacement workers they like. Boomers are retiring. You know probably what 101000 a day right. Those jobs again taken many of them are being taken by Milan meals we are are they gonna benefit from the. They're not necessarily being taken at the same wages. And and also there's you know the threat of automation coming in as well on some of those jobs are being filled. This whole question is up than we thought to have you participate do you think that you should be able to qualify for Medicare at age 6062%. Of our listeners think you should be eligible. For Medicare at age sixty love to hear your thoughts are on. That topic. The markets are open the Dow is up forty points and the NASDAQ is up 69 we'll be right back with more on the financial should. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing 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. 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 -- -- 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 -- 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 -- living your money we can help call 803934001. That number again -- 803934001. You can download the guide right now and Armstrong advisory dot com. There is up with the securities America incorporated members and SIPC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated 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 homework meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're banking 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 -- call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William and W 275 CM IM gonna cost him the money matters radio network. It's 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 new. 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 account set there. You've got basic brokerage accounts IRAs and 41 k.'s and even Roth diaries 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 ironies. 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 the 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 for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American 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 call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Hi everyone I'm doctor Timothy Gallagher founder of Gallagher chiropractic and medical wellness and I would like to talk to you about them. Important educational seminar about a breakthrough treatment options for arthritis coming up at the throw clubs in Concord. Do you find yourself unable to do the activities that you once enjoyed due to pinging because you've been diagnosed for the arthritis are you unhappy about your doctor's recommendations of drugs or surgery. Well we have a solution for stem cell therapy. I know there are a lot of questions in misconceptions out there about stem cell therapy and I wanna provide you with the current scientific literature about this FDA approved completely safe. Repetitive injection that can help you with the arthritic pain please be my guess that's it for Rhode tennis club in Concord dinner will be included so register at. Free stem cell events dot com forward slash Concord dash Lexington or call 9782084015. Join us on Thursday April 11 for a 5:30 to 7 o'clock PM if your 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 -- unique products in cash management services to help you collect rent managed Condo association payments and digitize paper checks hi this is chuck is our leader bank utilizing state of the art technology to offer convenient banking services to its real estate clients such as ACH payments mobile banking promote check scanners and its innovative zero rent payment platform -- bank has a team of business bankers that are on call to help you and they'll come to your place of business to make it is easy as possible the number to call your interest in -- 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 be BO 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 write a check 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 to two 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 the financial exchange with the Barry Armstrong and jokes are. You're exclusive look at business and financial news affecting your day you're sick leave your world and stay. Informed and up today about economic and market trends plus get breaking business news every day it's. And now the financial exchange with the very Armstrong and chuck Exxon. You know it had a number of negative economic. Reports this morning one was ATP list in terms of jobs in the private sector create antimatter the body fifty. This morning another report has to do ISM non manufacturing that was in this relative to where those. Despite that stocks are rally the Dow's up 81 points the S&P is up seventeen points. And the NASDAQ is up 86 points chuck you are speculating that a lot of these gains are related to an anticipated. Cease fire or peace treaty with the Chinese as a relates to treat. Yeah I mean you got some news overnight and think it was the Financial Times that reported that. There's been some progress made and so I think you're seeing a little bit of optimism there just because there's nothing else really in the dated today that suggests. There is anything positive happening. Economically I mean you look at pretty much all the data that we've got the ADP employment or more missed we've got this truck orders issue where you've got him a truck quarters Downey person apron he point 7% month over month. I SM services missed by about two point so. You know any data point that we have today. Missed. But this is not a market that is just looking at data points now it appears to be you know more focused on. The story of US China trade negotiations which to me. It feels like it setting up for by the rumor sell the news type thing and it's got that feel. And got so BU but wouldn't that create a whole a lot of momentum if there was a peace treaty between US and China. Seattle my my view is that I don't know if that's the case now because there's been so much you were given a day like today and get it all the news out there is bad to. The only thing that's positive is hey we might be making some progress on US China negotiations. Once those ones that positive goes away once it's done in that can't rally markets anymore. Then what do markets start looking at the data in the dates have very cute. I guess the big question is what do we get for jobs report on Friday. It's it's a pretty important one outselling it's you know it's it's I hesitate see any of these are critical and none of them critically. Mean we get a real bad one now then eve because he is a terrible one last month. So if you get another real bad one in the revisions are not great. But anyway it that that that would just be just another sign that the things slowed down pat. Yep and it in by the way. The IS MI services we we we got that out this morning in May give just some you know little quotes from people who responded to this survey and and just some things. That we're hearing here. This from accommodation and food services labor is tight in in short supply. In public administration locally is construction grows a shortage of avail available workers is occurring for future projects. Let's see this one from transportation and warehousing labor and regulatory issues that impacted operations so. Everyone out there pretty would you go down the list. And companies can't find qualified workers and right to meet. What that suggests is your goal we've already seen wage growth picked up over the last year you know we're we're getting to the point where normally the Fed would start being a little bit concerned. Yeah buts. They're not at this point and begin with the lack of qualified workers I would not be surprised if at some point this year. You see a negative number for payrolls and but a wage growth number that's north of 3% annualized. Worker shortages it's great for mainstream in the week weakened. You know corporations. Don't like that because it to pay higher wages and impede hinges on profits. But I'll tell you what you make it twenty bucks an hour thirty bucks an hour you love that. Because all the sudden. The boss comes to you and says look we know day you're underpaid by five bucks an hour were paid that five bucks because we cannot afford to lose. Yeah yeah we might make a lower profit but we'd rather still make a profit if we lose you wouldn't lose money. That's the that's that's what's being communicated to workers. They Republicans have put off on saline youth health plan until after the 20/20. Election. Like they're putting it off just because you know it's. Terrible hilt to die on and if he'd tell with everybody you're gonna do health care. Let's could be used against very good club that that's O largely the president won the election last time as people are unhappy with obamacare. Yeah and so we hear what you're seeing is I think twofold number one. Pretty much any party in the last thirty years that is campaigned on. Health Care Reform that they've tried to do them. Pretty much has gotten smoked in the following election I mean you go back to the Clinton years when you know the Clinton administration tried to do Health Care Reform. It was used against him you go back to. We have even. Obamacare went to the person that mid terms President Obama and Democrats gets smoked. Immediately afterwards you can go back to take what the last two years Republicans tried to pass new build the and 27 team what happened a couple of years later. Didn't go particularly well in mid terms you know so it's like you've got this. Get this issue where as you try to change healthcare it typically does not do very well for you in the short term from. And election results standpoint. But I did I wanna put out our poll question of the day because we're getting very surprising responses to this question. But it may not be as surprising it is not view him pull questions personable do you think that. Anybody should be able to qualify for Medicare at age sixty. And I've brought that up because those with a group last night and a lot of my friends are a 59 it's a lot of my friends are in my age group. And it's amazing to meet jock how many people he worked for big corporations whether it's IBM Raytheon fidelity. And for some reason their job is phased out or there are no services are no longer needed and need 6258. And opting in to a man. The all struggled with the issue of health insurance costs does not only is they do they lose their job at 62. Nobody wants to hire 62 year old worker that has a heart condition. No I mean eight a it's you know again for all the people don't believe an age discrimination it it is really you see it sometimes. But the big thing is look those health care costs are higher for those workers. And it's it's also a case where you know unfortunately. If those workers do wind up getting laid off is not really cheap and reliable option not even chief is not even just of the basically affordable option. For health care for those years that it's it's a real challenge. That's 2000 dollars a month definitely. The as you felt friend of mine told me watery place the coverage I have through my employer indeed just basically similar covers not identical but similar coverage. It was gonna cost him between the dental and the minute medical insurance 2000 dollars or so. You know how many people at age 62. Can afford to write a check just for your health insurance of 2000 dollars month and the answers offered an yen on news that not not many folks can do it. Our poll question do you think that you should be able to qualify for Medicare at age sixty thus far. 59%. Of our listeners fifty point 7% grocers that you should be able to qualify for Medicare and it each sixty I think that's a big. Talking point. In the election next year be able to qualify for Medicare earlier than age 65 just because nobody makes it a financial. Especially for trades workers. All trades workers are physical they're the worst we eat it what is at the last time we saw a 64 year old carpenter who could still. Do that physical aspects of that job were plumber like Federer electrician. You do that kind of job your whole life. Your body starts to break down in the fifties in that time sixty heard you guys are doing that job street sixty yeah. Ethiopian. Airline pilots initially followed Boeing's required emergency steps to disable the 737 Max system. And so crashed. Yep so pretty much what what happened here is this MC AES system is believed to be the reason for both Ethiopian air and lion air crashes. In the last five months. In the Ethiopian air crash. It appears that they had actually turned this system offers it started misbehaving. But couldn't get the aircraft decline even when it was turned off and apparently they that in a turning it back on. And shortly after the plane ended up crashing but. It's unclear as to you know exactly why they might have turned it back on a why they weren't able. To resume climbing after they've turned it off to begin with so. If in fact you know there's another problem here that bone near doesn't know batters trying to deal with it could either make for more complicated fix or you know. Possibly the require a U longer and in bigger redesigned beyond simply fixing this one system. If they're looking now to sometime this summer. Before those planes are back in here yet it is unclear at the moment exactly how long it's gonna be I don't like to you speculate on this kind of stuff just because the FAA. They generally when you're talking about you know crashes they tend to be pretty deliberate. It feels like they're trying to rush it if I look I get they wanna get these planes flying him because. If companies paid millions of dollars there having to adjust schedules and things like that. The single worst thing for Boeing would be if they say they've fixed it and then another plane crashes after the start you know flying these again maybe the single worst thing. Up next or be joined by war and most solar and have a conversation about what modern monetary theory gets right. And with big wrong that's next on the financial exchange. I'm sure it'll work its. Everything business and finance future financial exchange with Barry Armstrong in chunks on the financial exchange radio network. It's pretty hard to find a bank and as 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 -- -- and I've been doing business with the leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader bank -- rewards account qualifying customers get 1% back on -- it's 10% back -- featured businesses no minimum balance required and no monthly fees but that's not all leader banks who -- 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. Or visit them online at leader bank dot com minimum -- open and earn annual percentage yield us ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings -- subject to change without notice leader bank a step ahead member FDIC. 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. Tom 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 to two protected from the nursing home keep it away from your children's creditors avoid probate and not -- 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 only rent payments and making trips to the bank to deposit checks take a hassle out of round date with zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- -- rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot -- 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 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 Collison 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 to -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about -- 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. Security's effort to -- American corporate 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 god guaranteed by the bank and may go down in value leader back a step ahead. The financial exchange. Is all overrule then and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. We're all hearing a lot about modern monetary theory most recently. It was Larry Summers who referred to modern monetary theory at the keys what was it was grotesque. We're joined by a proponent of mater monetary theory some would call the founder of it is name is Warren Butler chief economist and joining us today in the financial exchange. Good morning Warren welcome to show. Good morning Derrick good morning. I could and you know even when you get words like grotesque from Larry Summers at her a lot of people that's that's and the biggest endorsement you can get. What you're feb you to decode and on that. And I certainly exploited children stood Libya. The Margaret Brennan Center to what is it you don't really I don't understand monetary. And capital current well like Japan which. What. If that's typical. Well let's talk about the the basic premise of modern monetary theory is I interest. Is that. As opposed to using the Federal Reserve which is what we use now they've been presidents and politicians. They will put the Federal Reserve should be doing more to stimulate the economy year's Federal Reserve should be bored doing Morton. Slowdown inflation or slowdown in the economy. Modern monetary theorists. Are basically of the mindset that non shouldn't be the Federal Reserve it should be taxation and spending. Control. Yeah. That's strippers and good for the I can cooperate with the what do you look at what it's the Federal Reserve has been regatta this into words and they got out. It's just what they do a strict no affected the economy are what they're trying to do so. When it was tightening that never slows the economy go out there was stipulating that ever. Happened to during the quarter and monetary policy to point. Work to do what what's. Not connect it indeed it's a little kid with the currency when you're real big he's trying to. Why does it have so much credibility. More like eight you know people often went back to the Volcker days and yeah Alan Greenspan and they say well don't Fed's very powerful and Mike Ashley adding the Fed is in our headlines. Virtually everyday at war. You architectural aren't aren't it's just a mistake he noted that they can correlate it can't that are deploying anything and there could. Broker turned to was. What brought inflation while audit people work. Just yeah interest rates the principal and forty look at the tape that it that it dropped pointless to try. Orders apparently 62. Activity we got impressive people glacier there. Couldn't keep your peak that it want so you're you're. Back at what happened what you went out slowly opportunity here why. But it is poker a terrible idea interest rates are interest rates were poor logging be inflation or cussing at liquor they were. Etiquette you can because. Go to government itself as a big next year which it pays it is today 22 trillion public debt. Neck like a total out of the cut like our. Don't advocate column its ultra people who are. Frequently touched me all the interest. That's the deficit. Anybody that toward inflation. And told her it was a prospect that all focused and trading and markets are expected. You know and it was clear to be equity was two it was or accurate. Pass that nobody's paid any attention to a recent out of or weaker dollar could. Currently video with the granola. So it's not a computer or to. It eat it it's the Wall Street Journal article is saying you're right that the criticism of modern military theory and I agree with this criticism. Is it relies on politicians to do the right thing. And when was the last I guess sought political body do the right thing. Well yes and people you know using fiscal policy are what do you. Agree on spending cuts and he raced there is correct I tried. It's all been a great if you looked back. Do you know what got us out of the last recession was currently deciding to. Do the Obama stimulus. Trillion dollar to protect your article what you certainly pork package that's what are extra round. And it and denied the right thing to do anything from it orbiter surge would but it would suck. And that architect to kick in until March it was the 100 year old. You can't rely on congress need to do that like to eat some kind of mean definitely we're already doing like aren't we are here we already situation where what it does B just people doesn't work. We're been required congress for forty years and your right problem but as solid. But in order to beat. If it in order to be efficient don't you need some separate body that says tax rates are going to be based on inflation and growth. And wouldn't you know like it almost seemed impossible to rely on politicians. Do the right front until they actually have. Yeah he beat her right and that's where we could country going to be additional cycles over. You know all these decades and I've been watching markets could have been realigned our politicians. Debate the political and what's happened there's. Politicians have been realigned under that you don't you have particular cutting rates and marketed beauty at all especially apparent to do. Because he's doing well because it bad enough it stepped in and do as well below the could cook it inevitably be than what donuts and if they'd realize that it can't tell us that we have to do with the by the data center. Until she's old beat army has it that way to decide that they. Don't know that it can could take care of our it capability or it's after it doesn't work in bed and had to commit some. We get rid of debt also secured but they can they move more quickly I don't know corporate. President trump seems to be embracing modern monetary theory mean he's he's running big deficits at his deficits running what trillion over trillion a year at that. Yeah totally and we arm when he today attacks are you know we were the first ones to today. You know this is darker or are struggling intelligence. Kosovo it has entered the war it's as it. Aren't as critical to country and it did help because here we are the year two new economy slowed down. Now the question is. Are they go to another. Tax credit desperately got a bit to get another trillion dollar. The judgment which is what we eat right and given that terrible situation and try to immediately trillion dollar to. Is congress could do are they gonna say well I can cut rates and we don't have to do is they won't do it to look at that. Duplicate your ticket to get it rates it has helped and still going into recession right now that you can the brakes don't work. Which is no work they never end. And fed insiders are suggesting that they're not gonna cut rates are thank you if you look at that we could notes coming out of the Fed. There because of the way Powell being treated. I think a lot of people are saying he's not gonna cut rates at all yet because he's right you know to be discredited pushed around. Yep but it just I guess a duck and if it's a bit and start barrel problem all right and again that is what is that exit the reports I. Okay predicting higher rates would open the tropical attention to Richie could cover it but we've got that backwards. Parents are you interested in the Caribbean. IndyCar. Yet he. Let the Federal Reserve agree with you I mean the Federal Reserve and now Wall Street Journal are very. Yet not the that they federal open market or the political appointee supporter of our ebitda. And it says it is just. Appointees. And backwards or with Hitler congress does. Summers ago or other that are part of it. Into the dark there are lost art. They have. We had to get out were heading into a break but that's Warren Mosul there. And joining us today on the financial exchange on a day where the Dow is up 67 points and nasdaq's up 75 points. And we're take a look at Apple's big media gamble. When we come back and were to have trivia for you on the financial chipped up. The financial exchanges and live on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. 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 credited 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. Tom 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 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 a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent de cuisine brand leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he Rand dot net to learn more would 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 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 Armstrong 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 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 -- Armstrong advisory dot com. There is a protester is American corporate members and as a PC 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 we just make sense give 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 god guaranteed by the bank in May go down in value leader bank. A step ahead bury our strong here and I'm joined today by Todd look ski from the law firm of Cushing and dole and and worked talking about wrote that guide to different types of real state ownership many view all home team I don't know. Home here in new England and he might have place in Florida. Todd 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 yet that's one of them. Worst things you can do it makes my key which line really bad because. One you've given up control over your home two 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 snot York if you do sell where's all the money go to the kids. Nevermind all that there's a huge tax implication that comes from this even if your kids are great kids right. If you its year. Ago thirty years ago you probably paid a little for 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 base that's all that Hilton gain. It's gonna be taxed to the children so that's the tax prop you don't get that tax free sale when you mentally to your kids you don't that's a big bite. 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 there's a 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 quick fix the financial exchange with Barry Armstrong and chuck soda on the financial exchange radio network us. It's time for trivia at this week in a year 1896. The opening of the first modern Olympic teams was celebrated in Athens Greece. The Olympics will be the topic of today's trivia. What city has hosted the most summer Olympic Games you know the answer to that question. Text it to a set 63566. The twelfth listener with the correct answer to that question will win the fifty dollar gasoline gift card. And if you have not Texas before remembered my first name it's buried the AA RY then 63566. And then of course the answer per trivia question which is what city has hosted the most summer Olympic ski 63566. So the more we learn about this apple news product. More impressed with it I am I I'm thinking and sign up for us what are you like about it. I like the variety of new sources that are gonna can be contributing at the U 300 different. New sources in the primary one day you know I've been a subscriber to the Wall Street Journal paper. 41 years I think it is yup and I paid 500 bucks a year but the Wall Street Journal. If I buy it through Apple's part of my news stream and yet for ten bucks a month. Know what about the fact that you are able to go and look at any back content there. You know like go back three days straight yup. I mean I I think I'm okay with that today like I I don't know that I need all the then the fancy stuff I've got fact said I've got other I've got other high and research tools that I can use that night. For frank bay elected Tom if I wanna look at the yield on the ten year treasury in 1972. Companies the Wall Street Journal anyway. And any use facts editors something that. Yeah I think that the big thing that I come back I just I don't get how. These companies like why is the Wall Street Journal gonna wanna stick with us. I think the if you look at the year. But prosecute members Rupert Murdoch's product and what he's trying to do is get the the wider audience rate there right now BP they have a lot of subscribers tickets baby. The number one or number two subscription newspaper in in the world. Yeah other situations about two million. Yeah but it still it's its deal leaked only that read that right not many people are gonna pay 500 bucks a year or newspaper subscription. So I think what Rupert mines it is OK I've got two million eyeballs today. If I go with apple can get it. Right and I can make it up on net sales. I guess my question is where at where's he gonna make it up so that apple news pauses 999 months to burn at 200000 sign up so. They've got yet these people that are signed up but it's not like the Wall Street Journal's even gonna be getting you know two or three bucks a month office. So I'm I'm just trying to figure row. We're like it's the billion truck that's the billion I don't get it. It's. A lot of people are near camp lately there's a lot of skepticism. I mean in New York Times said no thanks. We are not going to be participating in it. You know a lot of Boston Globe stock repurchase dating a lot of Florida papers are participating in it. But they do you have 300 titles. New Yorker Vanity Fair vote time magazine Atlanta people Los Angeles Times Wall Street Journal I mean. They're in you know sixteen they're getting both conservative and liberal publications to participate. Yeah I guess I I just don't get it it's I don't get what's in it for these companies and to me it feels an awful lot play. When the if you look at the model now in music just as an example okay. It's really hard for artists to make a living on streaming platforms. You know yes Spotify has got tens of millions of users. But he doesn't like and western song gets played a hundred million times you make next to nothing off the platform actually. And I just worry that. A lot of these companies that you know have been able to say hey our product is worth five dollars a month the tenor in the Wall Street Journal's k.s 39 dollars a month. When you go down market in give people something cheaper. They're not going to sunscreen that they're not going to go with the higher price platform anymore and so. I worry that these brands are devaluing themselves in are gonna find themselves hurting pretty quickly. If you see a migration towards this platform and away from the way they've conventionally made money. Do you think that will occur your reader eagle streak to you look at it every day rate. It would she is a game changer consuming CU SA but the 500 dollars a year unknown I'm not do in this. And now. At a at what went to revoke. Right they get and I don't need Vanity Fair National Geographic and knows Sports Illustrated once a year it's like time Yahoo!. You know. Their lives it's just let it hey I don't need these things in my life. Don't say they going to be interest in DC if you know they've got things like GOLF Magazine. Some of these specialty items time will tell me if this is something that two years from now will have an idea whether successful. Yeah I think would be in it does the Wall Street Journal how can they say gee we're screwed on this week lost we went for two million subscribers and millions five. We need to get this thing. Yeah yeah I I I do wonder if that's something that happens and but I also found interesting about was that you know the Wall Street Journal says they're located be adding fifty people to their newsroom as a result of this. But there'll contract workers they're not they're not actual police. So that that was what gave me an idea that Libya but tempers thing right yeah Galindo and say. Or that or they have the right after a year to limit what they're putting out. Out there yet in this in the apple product yet it almost like it tees product you know. It it I I think the big leagues going to be how many cancellations to. I would agree a degree. China's stock market is up 27%. This year giving new leverage in the trade talks. Some to be set for that than me they started responding. China got hit very hard last year. But the immediately responded ironically with a lot of deficit spending and now they're start to recover. And. I find this interesting just because you know on one level you look at this music it is give Cha and this gives China. A little bit of an edge in that hey you know again they they don't necessarily need to do anything make you may put a little bit more pressure on the United States but is. I think it was Mike and I talked about last week. In my opinion the trump administration also has a little bit more leveraged now that it's out from underneath the more report in that. Drug administrations are we got in the win this year by virtue of your kind of how that ended up playing out and so I look at this and I say. President doesn't need to win on this anytime soon. And he he could have this still kick around froehlich he can drag this out and ask for more because he doesn't need to win the same way he did two weeks ago. It but where's that they would if the economy continues to slow down as a result of this. If it continues slowdown in US China trade deal isn't gonna do enough. Now. And notes at a certain point that cake is baked. We're getting there I think if if we see this go a few more months I think that Kate starts to look pretty big especially you know when. When we're still trying to figure out what's going on with Briggs it and so forth that means that you've got just enough places enough pockets of uncertainty in the world right now. That's you're getting close to the point where you know the Kate might be baked as far as hate. We we can't really do anything to change trajectory in the short term. Coming up for me talking about two companies of interest blue apron and Walgreens are in the news we'll talk about both of them in the excitement. 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 the nursing home stay can judge your financial well being 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 in 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. 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 trucks out and I've been doing business with the leader bank for many years so if you're in need of a 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 know savings account has -- 2.3 5% APY that's 2.3 5% and it's 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. Or visit them online at leader bank dot com minimum deposit open and earn annual percentage yield us ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings great subject to change without notice leader -- a step ahead member FDIC. 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 Armstrong 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. -- 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. There -- -- -- -- -- -- members and as -- -- and advisory services -- with the securities America advisors incorporated -- -- representative Armstrong advisory group the securities -- -- 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 put added risk for your children's creditors including future divorces you really wanna write -- -- your former son -- daughter in law in just a buyback your own home unless you partner with -- and -- and host of the legal exchange radio show once you know that not only -- 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 -- your real estate you can protect -- from the nursing -- keep it away from your children's creditors avoid probate and not -- unnecessary taxes get -- 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 -- immediately by visiting legal exchange showed dot com don't put your home at -- 8668485699. Or log -- to legal exchange showed -- job. Securities offered to securities America Inca members finreg SIPC and advisory services arbiters securities America advisors and carry arms from representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Thanks Stuart Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. Oh. For about a month or two I had a subscription to who different services they went public in this Tony seventeen perhaps. But boy it's been a tough road for them and they just announced that they're replacing their CEO stock trading the dollar to per share. Yet was back in the summer of seventeen when they went public today expected. In IPO price somewhere in the range of twelve to fifteen dollars they IPO to ten and it's been steadily downhill since then. The stock losing about 90% of its value. Over pretty much a two year period ended their problems are numerous number one the they have be review the hard time keeping customers. In their ecosystem. You you saw this where you said Allan did you subscribe for a couple months. Not even I think you've got to the point where. The bags are showing up and we weren't even opening them and the you know you'd get fish that was not did it and I don't know it just his food wasn't that good it took a long time to prepare. And we got bored with it very quickly. Yeah and so I think you know this is a company that is really struggling to figure out. How it's going to make money to be completely honest you know guard its base to it's there's there's a ton of companies that have gotten into this based on top of that. That this thing that they have to deal with the they probably weren't even thinking of when they IPO. Is the fact that Amazon bought whole foods so you know OK now Amazon yet and they don't necessarily deliver meal kits the same way. But even to get prepared food you can at 3 o'clock in the afternoon in order prepared me well it and even just grocery deliveries competition now community it's a competitor that you don't have per that he didn't have previously so the woman they hired Linda Kozlowski. It seems to have some pretty good credentials. Yeah I mean she's she's got good credentials the other is there's no doubt about that. But I think it's it's just a case where. This is a company that I don't know if they're going to be able. To survive mean Kozlowski was she is the chief operating officer of ants so late she knows the online retail space she's she knows how you know that everything works in that area. But. I just wonder if the problem here is that the products not good enough for what you pay for it. Got to change the product yep and that's. That's his here's the probably change the product. Now you've got to re educate consumers on what your product is in it you know the people might have Marty tried it left it's okay had a we reach them it's. There's there's a lot to do there so. It is not. Not a job I would want it'll say that. On the you guys but I if you've been in the group Shuster lately at least I out. I've been seeing these meal so it's on display at the grocery store as a and not just blew airport I don't know what you honestly one of them. Some Shaw's. Yes Shaw's tip but it in violent. Neither is like it was like 1999. For you know pork or some from no thanks partly. And it was a bad you know. And I'm watchers. The whole concept is gonna survive in any form. You know folks I've been doing business with leader bank for many years and it is not too late to get agree rate on hold mortgage rates come down. Leader bank specializes in a wide variety of purchase and refinance loans 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 it's 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 call leader bank. Leader bank is the number one home purchase lender among banks in the state they have sixty experienced loan officers throughout the region. And Connecticut and they're ready to help you find the best solution for your mortgage. At some of the best rates around you can call them tool free at 8776917900. That's 87769179. Euro is Europe. Or does it liter little centered dot com for more information member FDIC equal housing lender. In an analyst number 449250. Subject to credit approval. Leader bank east step ahead. And I don't know that we get our trivia did not know we didn't London is correct answer. The capital of England and the United Kingdom has hosted the Summer Olympics three times in 19081948. And most recently in 2012. And the winner on this question was bin from Salem New Hampshire band takes only fifty dollar gas card in trivia is brought to you. By the Armstrong advisory group call 803934001. Incident your free no obligation consultation today. Walgreens continuing to struggle struck their trading at 54 dollars a share. They have treated in the last year's highs 86. Dollars per share. Which the wits the what's the Walgreens killer. It's its margin pressure here in the the big thing that you're seeing. Is insurance companies and pharmacy benefit managers PBM's. Are really squeezing these pharmacies at this point. Saying hey we wanna continue to work on lowering reimbursement rates and so forth and so even though you have seen. In particular generic drug costs coming down a little bit the reimbursement rates are even less and so. It's been squeezing margins at not just Walgreens but pretty much pharmacies. Across the board at this point. Wouldn't put up the Amazon to act right in and I'm just one person that. I know in my town we have the CBS so that's where I used to go pretty regularly to buy things like. Shaving cream dental lost two or pay east's toothbrushes. Do that and I don't what. A bio that's a funny it was it's. It has an effect but that's a relatively small part of their business when it's all said and done great you know you you look at how big that is depending on the company. Whether it's you know Walgreens or CVS it's maybe ten to 30% of the business overall. Yeah it's it's I mean you think about like okay you go buy toothpaste for five bucks the about how much it'd be you know a prescription for Staten costs. You know I just figure the when I look at the lines are you walk into a grocery store drugstore. A lot of people in those lines bind cast and that seems to be pretty high margin product it's just it's it's small potatoes in the broad scheme of things. A sudden you're wrong I mean there admiral problems. The I don't know. You at least CDS when you look at them they the they're building out there health centers fuel yeah. They're they're trying to offer other services that will induce consumers to go into the stores. Walgreens I don't know was there future world I don't know that I owed by the stocky and it's on sale. Yeah I mean a again if you look at it that the pressures that they're seeing on the reimbursement rates. They're not going away anytime soon you've got bipartisan. Leaders that are coming out saying yeah we need to do something on drug prices. That's not so it's going away tomorrow. And Delta Airlines the keep upbeat and revenue earnings. Outlook they're up 3% today it almost 57 dollars a share. They're kind of the gold standard among the airlines. They they've got a really nice job in the last six or seven years of squared away some problems that it plagued them for a while. You know you kind of look at how the US carrier stack up now. United still was all kinds of issues just from a service perspective just in terms of you know how their overall network sets up a mean when one of your key base of operations is Chicago. We think about what that does in the winter you know with Chicago as so. You're you know it is all kinds of problems from that perspective. Delta spent a bunch of money on new planes and on retrofitting cabins and things like that the last few years they still fly a lot of those old MD eighty eight's that are being a little bit narrower kinda noisy but. They're starting to phase goes out at this point so you know they've made some progress in. It kinda getting their fleet in line in the picker that they're seeing a lot of the US peers are seeing this now. They're seeing more and more people willing to pony up for the more expensive seats whether it's first class business class and those types of things and a lot of the US carriers had neglected those types of seats for awhile but you're seeing new types of seats being rolled out and customers are willing to pay for a better product. You know they are Americans test of that I tell you one thing that I would anticipated as the delta shareholder. Is labor issues yes they're mechanics in new pilots and their flight attendants. Are all going to be reading the same stuff we're reading and others say profits are up the revenues are things are looking good probably pay some more money. Yup its the we've already seen it and number cases you know southwest we go now it would their mechanics for the better part of the last five years. And don't be surprised you're the same thing but don't go forward. The Dow is up 94 points the NASDAQ is up 83 point CS and 500 up seventeen points crude oil's trading at 62. 25. Per barrel. And what do we got to we've got to take your treasury to fifty once and yields have risen on the ten year treasury from under 240 to over 250. Thanks for tuning in we'll be back tomorrow for another edition.