WRKO>Audio & Video on Demand>>Full Show 4-8-19

Full Show 4-8-19

Apr 8, 2019|

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

This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day 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 Exxon. Plus the Monday after eight jobs report which is. Usually kind of a let down in a get all excited that jobs report and then it comes out in minutes gone in the new kind of figured out what you can do next. And today's no different the Dow is now down a 167. Points. It's raining outside there's a bunch traffic on the roads. It's forty degrees it's snowing up in Maine believed in Jonathan nice to say. No it's I am very negative this Monday I am very very negative this Monday collective we are not going to be positive at all this shows this is. This is the day of of horrors going to be your race and today job. You're always virus on sonics always adorable. Thank you talk. What do you go back and hide behind that monitors IQ Iverson you beyond the front of the land will so let's talk a little bit like you know you weren't here on Friday when we get this jobs report and so it really good talk with Chris Collins who was in studio about this but I'm curious now that we've had kind of the weekend to digest and you know hopefully you can spend. The entire weekend fighting with kids on you know a year flight from Arizona that six hour pat go by the way. Better than it could've. It is about the best that I can say about it on the way out they decided that they are gonna climb all over the passengers. In the road behind this man. Is in order to portly they're young kids there in the echo the consummate us and urges. The poor father it is just happened all hopefully. Let guys it's relatively get react compliments from Mercer pastor what we did you bought a fifty pack of your plugs. Just gave the match and but he within three of us as part of an effort of that handing out yes that young kids and ran to Canada now. In your clothes and six bucks six bucks for an absent a so what do you make this jobs report. It's a return to the normal I would say is nothing you know out of trees yet ordinary here but you know after February where things are not looking so good it's a good bounce back and use the Fed little bit more word. You room to divert to the White House Syria the White House has been calling for a cut in interest rates and I think this. It was more along lines of what the Fed has been saying witches. And be patient and hang on here insert the dais as in the data is still saying that. Yeah inflation isn't through the roof but the job market is still pretty strong. Yeah and so you know this is we've we've heard the term talked about quite a bit canvassed goldilocks scenario where maybe the economy's hot but it's not so hot that inflation is running rampant at this point. Though it seems like you start missing you know I'm curious to see where inflation goes this year with a higher gas prices in beat. You're you're starting to see some pretty consistent movement waged I know you know people on this jobs report said. You know low wage growth actually slowed a little bit nice to that I say. No no no no no here's what actually happened in this is. This is the kind of stuff that you get into if you actually kind of walk through this on a regular basis so one of the things that the BLS the Bureau of Labor Statistics does is they calculate average weekly hours worked so how many hours are people working in a given week. And for the month of march it showed 34 point five. For the month of February it showed 34 point four. Do you know how many months in the last ten years it is being either 34 point five or 34 point four. Every single one. Every single one it just kind of obsolete between based on like how the survey goes up and so you have one like February where it shows 34 point four. It shows a spike and hourly earnings because they're less hours. It is magically people work six minutes or less per week it shows that. But if you see when it's just 34 point five it shows pay inflation's a little bit more tame because people magically worked six minutes more that we. Lies they're damn lies and statistics in this is the thing that you see here is like. If you go back eat just possibly it's between the two it's never like oh yeah we only work 32 hours this week. No no no it's always 344 are always 345 every single one for the last ten years so. Where I think this is going to be interesting is. You know that they kept inflation in check over the latter half last year yet stronger dollar and yet really low gas prices you know gas price prices kinda collapsed. Well now we get gas prices rising in Europe forty cents a gallon over the last month. You've got wages you know we talked about target bumping up their team and our Amazon's fifteen wal mart's up to eleven cost goes up. It feels like the -- are being sown in the dollar can't stay strong for a four we know that that's that's gonna but something has so far this year it pass and to this point it has and I think part of that's been kind of a flock to safety where you know you're concerned about breaks it paid you know you kind of heads and say OK let me get towards dollars is you know I had some safety there you concerned about Chinese say yeah me pull away from there a little bit and get more towards dollars. But eventually if you see growth start to pick up in those places they've money's gonna fall back into those Ares get dollar weakness in the news that you're going. There's inflation here actually. Sorry no it. Maybe you age you know I've even calling for this type inflation for awhile and it's possible received this year I know this is just around the edges but we did get the story. Having just yesterday. About the fact that there increased number HB two visas for the summer. What what's the what's the bumped they're going to I can't remember it's a Cessna it's from sixty some odd thousand denying myself like 50% bump it's a big big job so that's I know that's completely around the edge and that's not gonna move the needle on inflation. But if it's indicative of the way that this administration might try and come back. You know raising costs of hiring people then yeah they could be sept and that's stifles inflation. So this one here you go and take a look at the up predictions for where is the Fed Funds rate is going to be at end of the year I'm gonna go out to December mocha. The last being December 11. Currently right now there's a 49% chance that rates stay right where they are. 38% chance we have one cut by sept by December. 11% chance we have to about one point six chant percent chance we have three or more cuts by December. If you go back. A week ago before this jobs report OK we were only about a 40% chance that we're gonna keep rates where way where they are then so would this report tells me. Is paved the economy is strong enough that we don't need to be talking seriously about cuts cuts as we thought a week ago. You know it's on the back to that February 1 where we are a little bit concerned. You know that this report was strong enough that. Hey we don't need to be quite as as dove ish. When it comes to the fat. I mean your personal take would be that we're likely to see inflation this year in which case you would think you its interest rate hikes. Historically yes historically yes I'm of the opinion that no fed him like yeah. So but in any case you're seeing you know last Friday's jobs report good enough that it puts to bed you know some of the chatter. About interest rate cuts not all of it obviously but at least reduces the possibility there that's about say about port good enough. Yep when when we graded on Friday as it BB plus we get good not great you know. There were couple little concerning Aries no manufacturing it in kind of a three month decline now where we've gone from 20000 manufacturing jobs to 10026000. Lost over the last three months of there's something happening there but it's it's good but not great okay. Let's talk about this story this is actually get a dovetail into our poll question of the day so let's go to the story about. Car dealers and specifically. That the headline is add on services emerged as part dealers' profit generator. And so what you're seeing here when we talk about these add ons. We're not just talk about things like formats like used again yeah formats are nice they get their throw and that's the thing the US for you to go. And the format this. You give me the form an extra key file yet can you give me an extra follow up these days is keep object like 600 bucks a bit they're not cheap home now they're not cheap at all. But so what types of things are we seeing it seems like this is more kind of on the finance senate and the wounds in non insurance side thing. Yes so the did the big thing has been going on with the car industry is that. We're a lot better at price shopping and it's so much easier especially with the new car to go out online NC. This is what you should be paying for the price it is going the dealership in demand that yes. So the mount that the dealers have on average been making on car sales has dropped I think right now they averaged about 420 dollars per car they sold. Whereas their averaging over 900 dollars on the view on the added value stuff so that would be things like extended warranties. Things like financing. Which they're pushing a lot harder and if you thought it was that I mean I remember. Five years ago when I bought my car how bad it was dealing with the extended warranty it is going to be a lot worse. I find it fascinating had never seen a number actually put on at that they only make. 420 dollars an app for right on the sale I mean I knew they make all of their money on the service and the ongoing stuff. But I didn't know just how. Bad it actually was. 400 dollar like you think about that. That's what the average price for Carly. 2530. Thousands for a new say so you're talking like one point 3% margins nod but that doesn't include a note to get bonuses. And the dealerships give bonuses from manufacturer for certain sales quotas and that they get all these other things but the pure profit per sale via portrait that's pretty that's pretty slim that's like gross shoe store I didn't realize it was quite that low. But this does take us to our poll question of the day because again as Mike said you're seeing dealers really pushing these extended warranties and things along those lines. And so the poll question that's up right now on financial exchange showed dot com have you ever bought in extended warranty on a car. Have you might. I have not and one thing I want to point out last year all the new car purchases. 46%. Of new car buyers bought one of these extended warranties. Somewhat I'm curious what our poll is gonna say if gets close that 46% Tucker you have by extended warranty now I haven't. Just have felt the need and I feel like cars are. A lot easier to repair now artists than in the past in the ninety's if you go and read about extended warranties on vehicles specifically you know in most Denny's we have. Resource rather be consumer reports or any of those other viewers out there the general consensus they're not worth the money. So it in in general that's what I see I've never I've never taken one out myself. What they will tell you just a funny story about my last Harper's it was about five years ago bought my new car. As I'm sitting there at the guy you know because what you want to extended warranty no Dini Dexter book. No no and one of the items that he's going through his hey what about you do want this tire warranty ago. If it would be goodies like will appease the tires on your car kind of expensive do you want you know the tire wars in McNown fine. Legitimately acquired legitimately good drive out of the lot get the car home. Picked up the nail on the way home ice. Have to replace click within a day I have to worry place attire and of course if you ever replace tires looked they're not the cheapest thing in the world. So you know you're out you know 15200 bucks by the time it's also and announce it now I'm going. Warranty was only a hundred dollar amount would have already paid for itself on the first day but. Had financial exchange showed dot com invoke in our poll question of ever bought in extended warranty. On a car we'll chicken would that in just a little bit. Let's take a break when we come back and talk about the jobs market potentially leaving retail behind it also Boeing making putts to the 737 Max production. We'll tell you how that's gonna affect their business when we home back. No need to stare at the charts graphs and numbers all day and just listen to. Us it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. As we age state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful 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 sold if you find yourself in a similar position any time but he'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 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. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated I folks this is Mike Armstrong from the financial exchange I'm joined now by. Yeah I I go back to the first apartment that I ever rented us there were five of us in this. It's terrible Somerville apartment. But we're all trying to coordinate our rent and it was a bit from 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. Easier shore Michael thanks so we created searing it's really odd meeting simplifying the whole range collection process for landlords and property managers. And what we do is we we basically third individual tenants will debit and individually and patched their payments together and sentenced to its. So landlords love it winners you know a single unit flame award or more of a professional landlord 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 freaked Terry get it offer for for yes so our strategy has been a little bit different we don't charge tenants and we don't charge. We do is we actually licenses through banks. Who then offering to their land work its. And for being a client of that being too becomes a free service to vote the way in the hours 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 Nazis can go and see always adding new institutions. Folks again the name of the service is you rent and you can get a lot more information by going to see rents 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 the tenant's 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 Sandra SIPC and advisory services arbiters securities America advisors thank Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if part of the financial exchange in an instant. By texting us at 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. Let's take a quick look at our poll question just before we go any further here we asked prior to the break. Have you ever bought in extended warranty on a car in the early results. Assume that our listeners don't really use them a whole lot yes is only account for seventeen point 6% of the responses. No 82 point 4% of the responses. And so the vast majority of our listeners ship saying. Help pass on that extended warranty on the car actually he has ever use the dealerships financing. Yes and it was a nightmare for me really oh my god it was it was absolutely awful so. Hi this is how about it was so I got a good rate actually didn't have to everything was fine in the race that was like 2.5 two point 6% so get a good rate. But it was run through this company called Huntington bank. And literally they could not accept direct deposits from my bank account so I either had to send in a check with one of their slips every time now. War I had to use and you check it actually like burnt a physical checked in order to do so because they needed it checked number attached to it via in order to make my payments every time. It was the most miserable. Way to pay a car loan. That I've ever had to deal actually after. Memo is racing car are occur occur mean. This enemy and checks what is well liked the booklet I guess what the hell is this sort out all the models like and you get in the 21 century we can do it direct deposit things select OK we're to do but at my at my eyes and not I asked them about their no this is the only stuff we have in this isn't 2014 like this wasn't like this is the slowly changed now. Taylor financial services was really nice sneezing or valueless. One point 99% on my used car done human event. Now this was. My last two out of float this per per minute treatment. Texan of the five always says wish I had an extended warranty cost you 6000 dollars for transmission six months. After the warranty had expired see those stories that scare people I think and you're right you know you wish she did damage. It's aboard young now onebeacon as obsolete slam but most of the repairs unease extended warranties to and a box and about to hand. 1518100. Dollars in extended warranties. Got a text here for 781 guys they sold cars for eleven years 300 bucks profit per car is industry BS the total lie. More like one Kate plus profit per car. Car dealership business is totally dishonest I've bought new cars regular for over fifty years extended warranty is biggest rip off products sold never ball. Aerial strongly worded. And he's driving the total profit per car if you include all the add on services is well over a thousand dollars no doubt. But the pure if you walk in there and walk out was just a new car and you. Take nothing else then it you know it looks like the average prices and had a lot lower. Let's talk a little bit about the jobs market here so the headline on CNBC its is booming jobs market is leaving the retail industry behind. In droves in in what what are we seeing here Mike exactly well since the beginning of Torrey seventeen the retail sector has lost more than a 140000. Jobs 111000 were lost just in march of this year. Not terribly surprising I mean you look at. The number of stores there have been close X this is a good trivia question. Right now today Sears employs less than 50000 people in total Democrat Tucker chuck any guess how many they employed. Or maybe your soundness and don't tell if your area and guess how many people employed back in 658000. Keep on. 300300. Plus thousand people the throws going just so I know that Sears is an extreme story here. But it's indicative of the industry overall. Well and in you know obviously sees that I think probably the biggest name that is struggled but you know what you're talking Toys 'R' Us Gymboree I mean you've got a whole laundry list of companies out there. And so retail job growth is pretty much been flat what's interesting. Is that it's. I think there is one sector that's kind of taken some of those jobs that's transportation warehousing and a lot of retail workers. Are going towards those you know kind of Amazon's style warehousing jobs benched and them. Bumped together. I'd like to see that broken now. You would write you know it termed an analyst and you know someone who's driving a truck is someone who's different from Leno moving packages inside where he's Hoover and transportation. Presumably that's completely different from tell her about what. So it depends what source this is even coming from is coming from. The LS Apple's been survey that the less does over wouldn't even be picked up by that is not pick up to 99 workers brat so. But I just I find it interesting that in a retail job growth. Pretty much there has not been any in the last three years if you look at total payroll growth to about 5% over that times that and the average when you look at everything. But transportation warehousing jobs up 12%. Over the last three year. Yeah there it's not it's shouldn't be surprising to us not only do you see less workers in the stores and less of these stores actually existence. But you know thing about the self check outlines those of eliminate jobs and in the retail sector as a whole has just shifted dramatically. You know bears always said not always the bears often said that. Yeah you can look at those areas is Ayers for short term growth but he wouldn't build a career around simply because of the threat of automation in those industries for transportation warehousing. So it's you know that's another thing it's kind of interesting that look this has been the hottest sector of the job market in terms of you know overall job growth numbers. It does have some questions long term and that. Pay some of those jobs are at risk of being automated out of existence. Not in the next three years I don't think what if your 23 year old kid. I think you can make UK's Hague. Being a truck driver might be good job for five to ten years right but after that there could be some real questions about when that job exists in the same form that it does today no doubt. Note I mean it's a great place to go and make some money right now but. I wouldn't count ten years now. We got a break then we got Wall Street watched in bowling talk coming up right after this. Like there's something. I was on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the are -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new 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 -- with the securities America incorporated members and as -- PC advisory services -- with the securities America advisors incorporated Barry -- representative Armstrong advisory group the securities America companies are unaffiliated if your -- -- property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help you it's called C deposit this is another free program which streamline the opening of -- security deposit accounts to -- totally digital experience with -- deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits C deposit also water makes many of the compliance headaches for landlords such -- generating account disclosure forms and will even send annual interest payments directly to the -- it's easy to get started just called -- deposit team at 7816418691. -- deposit is a free program with -- landlord or property owner call today and make it that much easier to collect and manage your security deposits that 7816418691. Or visit them online at C deposit dot -- member FDIC -- 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 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now at Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 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 day with easy round leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we 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. Do you. Save enough money to 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 go live 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 call 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 protestors hurt advisors incorporated parents are represented the arms are advisory group mr. is merged companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today it until Darian jug right here on the financial exchange radio network. And it is now time for Wall Street wants brought to you by zero rent a fully automatic online rent collection tool. That's free for landlords with an account at a participating bank. Local banks including leader bank stone and bank Needham bank and South Shore bank are all offering this great program so called today for more information at 781641. 8691. Or visit zero N dot net for more information member FDIC. Might we got a couple stocks moving in different directions today. First Symantec VI company. Behind some popular antivirus software up. About 6% to yet their number of companies that had some analyst upgrades and downgrades over the weekend and Symantec was one of them. Specifically. The Goldman Sachs Group upgraded the company with a price target of 28 dollars a green a full five dollars per share citing the possibility. Growing revenue. Particularly on raising prices and seeing. Just continued subscriber growth so Symantec moving up this morning. Pretty being almost 7% after what was a very very difficult 2018. Dropping. Substantially last year. GE stock moving in the other direction after a good start of the year was GE rising from bat eight bucks a share. Up to while almost eleven at one point they're down 6% today to 934 a share what's the reason for the downward volatility. Yeah again another analyst downgrade here's a JPMorgan moved them from under rates had adamant neutral with war. They just think that investors are not quite appreciating the challenges facing G at this point there's obviously been a lot of optimism about G use the stock price at one point they were up 35% year to date. Just a few weeks ago so stock is down now at about nine dollars 34 cents a share to about six and a half percent drop this morning. And that is Wall Street watch presented by leader bank call now for great raid on a home purchase or refinance loan it 8776917900. Or visit the monoline lead a bank dot com member FD I C. Both wing cutting 737 Max production they're going to be cutting down 242. Aircrafts a month for its aircraft per month. By mid April they were trying to get up to 57 a month by this summer they'd been in making about 52. But so this cut back. It's not expected to be a long term shift but it sounds like it's just to try to make sure they have the resources devoted towards getting the old planes flying again. Yeah higher I would think that they just need to cut back production one because the orders that they have no restore these planes their fill it up and all of their warehouses yourself. There's that issue but they also do need to dedicate resource to figure how they're going to fix the ones that have not yet been shipped or the ones that are already out in the fleet that they're going to potentially. At least need to make software upgrades too but. I still can't imagine they're gonna get away without doing hardware upgrade. These points on it in particular we talk about some of those indicator lights in the cockpit and stuff like data that involves a you've got to add new wiring in and try to get that done and you've got to test it makes the wires not causing problems. So there's a lot of chatter that you know you might not get these planes flying again. It could be too late may early June I mean you can be talking about a three to four month fix here in as you mentioned. One of the problems bone is dealing with this. Look if if you're storing and you know talk a trucks these Leo little toys and stuff here it's one thing when you're storing a 737. They take couple a success you know that that they're not small you can't just say they edged market over there and make you wanna have this thing you know parked in such a way. That you know you're not damaging that are causing problems to a by how you park so there's always so much space to put these things quite honestly. And they're trying to figure they had we get these planes you know. Parked safely so that you know we can continue to store them while we're waiting to be able to ship. In the financial Boeing stock by the way down almost 4% this morning three point 87% fifteen bucks a share. Southwest dot the largest US operator at 737 Max fleets is down 2% on this news. Again go back to every single story I read is just about oh we've been testing this new software update. I've deaf or heard nothing from bowling about we're gonna have to go in there and change where. You wish rumors but I guess during the lions would. You know you would think that they would but at this point bone simply cutting production down to 42 was 737 Max is per month. Instead of the top 52 they were previously making 57 they were guiding towards him previously as well they'll be mentioned here. About two weeks April 24 were getting their quarterly earnings report. Says that'll be now diminished and call. Warren Buffett saying that the next Wells Fargo CEO should not come from quote JPMorgan. Or Goldman Sachs now. Is he just ripping JPMorgan or Goldman Sachs or they're different points me. No I think the main point he's making here is that if you go and take talent from JP or Goldman Sachs. Then you're gonna have congress all over you serve go find somebody from somewhere else that's outside the industry that can come in and kind of make it a big shift to Wells Fargo rather than attracting talent from one of the other big packs. So you know Buffett saying that OK I want someone who's not associated with Wall Street not from me you know another investment banker or anything like that. Brit look then for something for someone to run so I was I was working through this thought exercising going OK so you wanna hire a CEO four. One of the biggest four banks in the country. But you're saying you don't want him to come from wall him or her to come from Wall Street. Yeah I'd I don't know how you do that it. Banks are complex organizations you can't higher retail CEO to go run a bank. He can't hire an airline CEO arteries that go run bank beat these are. Different types of businesses that don't do the same things as many other company and in historically let you know when we look at Wells Fargo. Historically and get announcing this the case in recent years where they've had some trouble. The story around Wells Fargo was they always stayed out of trouble whenever one else got into the on the financial crisis. They didn't have they have their of their problems obviously to every bank did. But they didn't have you know the depths of some of the other institutions that debts debts of problems that other institutions went through. At the time so. I'm looking at is my first thought was okay if you want someone outside Wall Street you can maybe take the bank in a different direction. You look like some kind of been text CEO or someone like that lake. You try to coach someone from PayPal or something you know I was kinda going in that direction could you find anyone that was. A former. Fed official or regulator that would send a clear message to politicians that they were where it will going a different direction we kind of a battle wouldn't it. I mean for investors potentially but if you're trying to it's come out and say look we are we recognize that we had issues here we're trying to change our behavior. I suppose that be the way to do it. So I just and I'm not quite sure where. Where Wells Fargo is going to look here maybe they do and in in internal hire but. I don't think that's the right answer now with some of the problems they've had recently. I think you need to look outside the company. Put it it's just tough to figure out you know where you go with the EU have to bring in someone who understands the labyrinth of regulation that is present in the banking sector is and I think if you hire internally that's almost worsen going to JP Aaron Goldman. I do wonder if they look at someone from like a PayPal or something like that you know it's just because that gets you potentially moving in a more cutting edge direction. But it's. And now I don't I don't know vet helps him much AB inched Tennessee. Amazon wants you to use Alexa. To track health care. What what are we talking about here Mike I'm gonna pass. On doing this this just does not seem like a good idea to me. And apparently that election went out and upgraded their security assistance be able to transfer personal health information that meets. Tipper requirements. There's about to privacy rules that are federal law around health. Cared and obviously Felix was relieved built to do that initially but they've now upgraded the software to be able to so the idea would be you could. You know schedule an urgent care appointments you should. Track when your drugs are going to arrive maybe you could and have a device that read your blood sugar levels and had a reported out on the Amazon Alexa potentially feed that data year doctor through the Alexa. Which is all information in interest thing but. It was just last year where you had the Alexa ask you accidentally sending private conversations to people contact list or people have the elect's just laughing at them granddad. I mean. I imagine Mets that year Alexa gets like your cholesterol tests and just starts laughing at you like I have one of these devices I have the Google device. I use it for very very basic stuff. Remind me take out the trash set a timer place and music. I don't want to use it for scheduling health care plan I don't want to use it to make that call. It feels like it's in search of a problem that isn't there like it's a solution that's great but the problem doesn't exist right people that this is going to be tied to their new venture even he is an apple promises us Deborah white what you need to lake. Speak your blood pressure. Harm so they can keep a record of it and made victim relate that to health care providers and doctors I just I I'd get it. But it seems like this would be a series of in its series of tasks that would be much better suited to something that is always on year. Physical person but don't watch or days off like. I I just yeah yeah I guess that's what I'm I'm getting towards like I like the way that Apple's trying to move towards hey we've got a hell happened there and see every week. I just don't understand the session with voice technology for this prop for this issue. Well and apparently Google and apple feel the same way because they've come out and said that the aren't allowed to create features veterans and it's protected federal privacy information and maybe they're working on it some other day saying that we're not doing that today. But it. I don't it doesn't make it a sense of. Let's take a break when we come back really joined by Ron Bom Gartner he's the executive vice president of ticketing events and concerts for the Boston Red Sox. He's gonna fill us in constant change that are happening at Fenway Park and some of the new things that are coming this year right after this break. It's been stuck to quote your portfolio. The financial exchange with Barry Armstrong and -- signed -- on the financial exchange radio network Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well into your eighties you better have a plan for your retirement savings if not you might outlive your money hi this is trucks out of the Armstrong advisory group -- brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and asked about a complimentary consultation with one of our advisors we can walk you through the process step by step and give -- 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. These are for 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 state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful and nursing home -- 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 any Todd -- d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank 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 -- and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts will no further than leader bank -- rewards account qualifying customers get 1% back on Deb it's 10% back it featured businesses no minimum balance required and no monthly fees but that's not all leader banks who missed savings account has a 2.3 5% APY that's 2.3 5% in -- a great -- presume my customers if you're searching for a 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 deposits 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. 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 today we're zero and leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see 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 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 could just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there aren't just vote go to financial extreme show does come and test away. As promised we're now joined by Ron Bob garner he's the executive vice president of ticketing of events and concerts for the Boston Red Sox Ron thanks for joining us today. Gentlemen thanks for me are so I guess they run opening day tomorrow looks like you might be little silly. Looks like it's going to be chilly I guess it wouldn't be a federally opening day it was subtle little chilly with the threat of rain. This I don't. But some of the best games at Fenway happen like that mean Roger Clemens twenty strikeout game was I think like a 43 degree April 9 where it was raining. It is seems like that's the way it goes around here it seems like everybody buckled down on the bench and that. Gears up for the game and it somewhat of a home field advantage for us but. Fortunately it looks like the rain could hold off until later in the afternoon and so we should be in good shape to get that things started. Good to hear now Rodney you've got some pretty interesting stuff that you're working on for this year one of the things that they caught my and I. Was that it looks like Fenway is going to be playing around listen different augmented reality technology can you talk a little bit about what might be happening on that front. Yeah I I I wish I was smarter not to give the agreed explanation on that but let me say desk is that. We're using augmented reality around the ballpark to execute. Self guided to order. In gauge. The kids in the next generation affairs more around the ballpark itself. And it simplest terms it's using your phone. If you walk up to a statue of plus or LA side on the wall. You'll be dead this story about that behind that decision he would Ted Williams park on the wall somebody talks throughout. It's their vote ever talked a bit in a feature that's story with audio and video accompanying it. As just a way to interact with the fans but a much more personal level without haven't haven't at square all of on the park. Serb perhaps who now run out I'm always kind of obsessed with new technology I was kind of like to see you know different companies using it in different ways. I saw this item on here for the Red Sox beat our home run challenge I'm curious what is that exactly how was using virtual reality. Could be your home run challenges children that I I'm not her ability to let them sorry about. We have virtual reality throughout the part. Especially out in the kids' zone where kids can basically put on a helmet and figure out what it's like to face a hundred mile an hour fastball to keep back stepping into the box. Double red challenge them I'm not sure targets more information sent to Dover case. So in terms of any new programs in the park that you want to highlight in particular this year is there anything that really stands out that you know you're kind of really proud of four the upcoming season. Number one hands down there's arcade nation program. We out. Bottom line is we're trying to give away 50000. Free tickets to kids this year while and doubt. Our president. Camp Kennedy changed the program of about three years ago it used to be a little. Cumbersome because they got. Site you get a coupon for a great pick candidates that are out now it's simply pay mum. Caretaker goes to Red Sox outcome. Signs up up to four kids. And then immediately. Claimed a free ticket to any game this season. For that kid so it's a it's my paper program because we're trying to generate that next. A group of stance that Red Sox Nation and it's fun to have that younger generation out and at the ballpark cheering and that interacting with satellite. Well and even for African Seward you're getting a little bit older and start to turn into adults it looks like I was reading about your student nine program where it's it's nine dollar tickets for high school and college students is that right. That's the next step up till after the kid graduates the incubation program high school kids college kids. I can simply go to Red Sox dot com. Either via mobile or I laptop sign up for the student nine program and just like you said any game this season it's very simple straightforward. You can purchase a ticket for nine dollars. And we deliver those tickets albeit a mobile devices. As we know those of us do that gives vacated their consciously on their phones and that's how they wanna interact. And so we deliver the ticket. Electronically the other vote and they simply come to the ballpark. Outstanding run we've got to run but thanks for joining us and sure sounds like there's a whole bunch coming soon and I know what people are excited for home opening day tomorrow and best of luck this year we'll catch up with the soon. Thank you very much and give these guys back though to get in my winning streak. Sounds like a plan to me that's Ron bomb garnered the executive vice president of ticketing events and concerts for the Boston red socks tailored to pretty Smart move for active kids and the ball park renew that viewership or it's been declining in that generate young. If folks as we age estate planning and pass protection become of her amount importance to maintaining a happy and successful lifestyle many feel was or go through. This process think about transferring their home to their children to protect it from the nursing if you're not careful in nursing home staking gut your financial well being in transfer property isn't always the best solution. You might be looking at huge capital gains taxes when the home is sold. If you find yourself a similar position you need tall but he's new guide the risks and rewards of real estate ownership. A senior part of cushion in Dolan and host of legal exchange radio show Todd will break it down for you piece by piece in in turn will help you avoid probate and unnecessary taxes. There are better ways to owned real estate in this guide to help you understand how to protect. Was arguably your most valuable asset called today for your free guided 866848569. Again the numbers 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 onto legal exchange showed dot com. You get excited about interest IPO. Not as excited I was about list curious about it. Here's I'm actually curious about is there a pin board on interest for news about the IPO bowed out. To get like really mad about it and so let's open interest of if people aren't familiar with them. They are a social media company that effectively the key. Think that they say they do is they allow you to create these different pin awards so you can pin up for example. My wife and we are planning our wedding she pinned a whole bunch of pictures for hey here's what my flowers to look likes of that when she went to her floor as you said this is what I'm trying to do. Higher with that with him a refresher addicts or read and whole bunch of different pictures and stories about how to re finishing attic and what sort features you want. So they're going to be IP owing later this week I think it's going to be up. And their pricing between fifteen and seventeen dollars a share little bit on the low wind the rain so the excitement from the lift IPO not quite carrying over to this one. Interest is different kind of social media company and then like Tucker I'm curious just to see. This goes off when it's all said and on actually. I'm hopeful but not terribly optimist. Told time we have on this hour of the financial exchange boot got more coming up with apple music talk in just a little bit. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. 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 weakened help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. Three suffered a series American corporate members and SIPC into my reserves as our securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on homework meter bank specializes in a wide variety purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're banking is the number one purchase lender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide. 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Are subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William and W 275 CM FM good Boston the money matters radio network. Writes 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. That happened something that's outside of the stock market and that might be things like CDs bonds money markets but something that's not going to be. You know invested in the ups and downs of the everyday stock market when it comes to the different types of investment accounts that there. You've got basic brokerage accounts IRAs and 41 k.'s and even brought 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 iris. Folks there's a lot to consider when it comes to retirement income and we do revenue guide out title 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 SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917. B 900 that's 8776917900. Or visit leader banks 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 in. 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 with a 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 park call 9782084015. To join us on Thursday April 11 from. 5:30 to 7 o'clock PM if -- real estate property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products in cash management services to help you collect rent managed Condo association payments and digitize paper checks hi this is -- up -- bank utilizes state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners and its innovative zero rent payment platform -- bank has a team of business bankers that are on call helping you and they'll come to your place of business to make it is easy as possible the number to call your interest in these services is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose leader bank is their banking partner call 8776917900. Or email -- BO leader bank dot com for more information member FDIC equal housing lender. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law just a buyback your own home. 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 John job. Yeah this is the financial exchange with Barry Armstrong and jokes are. You're exclusive look at business and financial news affecting your day you're sending your world stage and warmed up and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with Barry Armstrong and sharks done us. Well it's a Monday here on the financial exchanges raining it's cold. Stock markets down. As promised them going to be a negative Nancy that whole day not afforded me cold day. But I'm sure it's raining somewhere in Florida. It's a big state big state. Jokes out of Mike Armstrong and Tucker still be here today for yet. And in games it's not all that actually it's just sometimes you have to quote office based dedication the Mon days and that's that's kinda where was that when I woke up this morning. I'm coming out of it though. I'm coming out of it as we make the move towards noon today. But struggled a bit about the jobs report for Friday Mike and are you weren't here and stood at you wanna get European Union years thoughts on it. 196000. Jobs created wage growth 3.2 percent year over year. You did see some people drop and out of the labor force a little bit of negative news on that front. But overall my read on it is good but not great jobs report kind of pay were still chugging along February seems to be a little bit of an out liar on the negative side but. You know not not anything too crazy going on. Yeah I think it's good in the context of a lot of negativity that's been showing up around the US and really the global economy around concerns about. So in that context it's a pretty good jobs report. Good enough. It's it's good enough in specifically when we look at kind of how this can influence policy. Over the last week the chance of the Fed cutting rates by the end of the year has gone from 60% down to 50% so. There's still a chance that you CA fed cut by the end of the year. But this is a case where you know based on what we're seeing hey yeah this is a good enough report that it puts to bed thought you know would that you might have. It's such an increased likelihood. Of a fed cut given that you know hate. Six months ago Knoll was talked about fed cuts this year was still saying oh yeah we're gonna do three hikes and Dampier that's just not the case. So you know good but not great jobs report that's something that we're kind of summarizing here the other thing that we're talking about earlier today is. Warranties and specifically the extended warranties on new cars 46%. Of Americans last year took out the extended warranty. On a new car. I never have might you never have Tucker you never have either correct. Okay so we're we're three for threes or is not taking them out here. But. 46% of Americans take them out and specifically. These awards season a lot of cases tend to be big money makers of the dealerships they they tend to be a real way the dealers can make money. Actually at that the point of sale of the purchase of a car. Just because with all the ways consumers to shop around now you're seeing a lot more price compression as far as hey how much money they actually make off the sale the. The ticket price on the cars coming way down the profit those dealerships and make on the cars coming down they're finding other ways to make money in the suit this is one of and it you know I've been through those sales pitches they are rough. I'd I'd get why people buy them it's a pretty hard sales pitch. We come out there and you're like why would I want to buy a car anyways and all this could go wrong editor at the feared got a new and that that that's. How are worse now if that record we got to pull up on a financial exchange showed dot com. Have you ever bought extent abort your car and 38% of our listeners that. So we're coming pretty close to kind of the national average now. We're asking have you ever done now yeah have you done it on in the most recent car but you as it was 46% last year you know that's pretty significant job. But you can had a financial exchange showed dot com to participate in that poll but also text us up Yemeni thoughts on the anything related to auto warranties. You can Texas at 63566. As well. If you wore interested Ian. Giving us discount your thoughts on on that front by the way I think we have someone talkers might be trying to jump the gun for trivia today. Oh really what our latest Texas has nothing to do with the treaty question but I can't figure out why else it would have come in. 203 just text this operation sea lion. Sure edged Google is not the answer to a trivia question we have yet asked for it not to be attacked. So I thought I thought I just trying to figure out what's going on here is this as a different one that we've gotten today. Talk view you Google around and let us know what's coming up. But let's talk a little bit about apple music while were. So apple music the big news that they announced over the weekend. They have surpassed Spotify. In he US subscribers they now 28 million subscribers in the United States as of February Spotify has got 26 million. In my first thought wasn't even related apple music when I read this but I at least said OK so that's what they're trying to go for with apple news and apple TV. Storm man so we all listen to that press conference was two weeks ago. Yes and we were all under one very under apple news okay beat don't really know what you doing there the only thing I was impressed by I was that you're gonna have the whole Wall Street Journal in there. For throughout pays for it via apple TV. No real details don't know what's coming to games thing no idea. But you know what if they were able to do this and apple music which. From what I can tell. He's just the exact same thing as Spotify and pandora but on apple device so meal will be user mortgages differently but same pricing structure seen everything else. And they've already outpace Spotify has been in the market for what a decade. Yeah it's impressive on when you look at it from that perspective and in and I said that's tough that's over three billion dollars of gross revenue a year and I'm sure they're paying out. I what 50% of that but I mean if they can do anything like that within news and the TV subscriptions. I mean this. This is huge now Spotify is still way ahead of apple in the rest of the world so worldwide Spotify has 207. Million active users. 96 million of whom are actually paying subscribers. Which is more than I thought you were gonna see there at it realized it was about a 50% conversion rate there do either review we use apple music or Spotify. You know I recently tried notes. Again for the second time apple music for three month trial they offered and I just. Wasn't crazy about it it really wasn't welcome. I thought the navigation is difficult. Interstate I thought in net that's you know saying something I come from apple which is always been user friendly across any device or. Servers that they offer I just thought it was I thought Amazon's. Was a lot more user friendly than apple music. But you Mike so. IE have never accept occasionally paid for pandora and I used pandora more than Spotify or anything else because I built on these playlist. Years ago that I really like on there. So if I'm going on a trip from going on a plane if I'm going somewhere and have just wants access to music without. Ads or may not have Internet then I will use the paid version of pandora for one month so authored ten bucks and just have a downloaded playlist my iPhone but nothing on an ongoing basis and I haven't tested out apple music I've barely use Spotify but the Amazon music. Gets a downpour so I've used Amazon music in general the free version of it you know not just about not breeders and the version you get that you get for antibodies. And wasteful but without the additional ten bucks a month. One thing I have noticed about Amazon just having used it for about eight months now the free version the free version yet. Pretty limited. It's not just that it's a limited but songs that you once were able to listen to want it despair disappear and you're no longer able to in the future at some points I guess it depends on updated copy era lights yeah yeah it's no licensing and so I wonder fits. So that could be automatic pessimistic or not pessimistic view about the the business opportunity view from Amazon. Is there any chance that they just pull songs that you demand. Him. I mean in to get juries guys like they could do yet there's nothing illegal about that in theory yes. But like I've I've seen things disappear and I've never listen do that like it put in my music but I know I've never listened to yet. And so like if it's clearly not over this your most listed song let's see if we can get chuck to pay you know ten bucks a month. But I think it's 799 has is that. I don't know answer cheaper than it's cheaper than apple and Spotify. Often do little bit if your prime member I believe it's 799 yeah I'll I'll take a look at the next break just I can't remember what the pricing is on that nonetheless that this. Does I think speak volumes to Apple's strategy here. I don't like that it sort of dis incentive disincentive rises the incentivized. Whatever. We yet it creates a reversal center for them to innovate. If they can just roll something out that's the exact same product as. Some in everybody's done before then and succeed with that then why would be and if they wanted to come out with anything new in that. Worries me long term but short term. If you can roll at the same product and get twenty million subscribers and a couple of years. When it is to be fair that's pretty much what instant rammed it to compete with snapped chat. This kind of how things are working in at tax base in general right now plus there's a whole lot of copycat thing in not a whole lot of pure innovation. I'm also very accuracy what Spotify. Does with podcasts in the future is I know. Acting in the past six months they've made some pretty big acquisitions of podcast companies invest in original content India so I am wondered that's gonna push them up the ranks to compete with apple. Let's take a break when we come back we've got trivia so we're giving away a fifty dollar gas card to the winner of that. And also we're talking about Netflix prices going up right here on the financial exchange. Short little tour. Everything business and finance it's the financial exchange with Barry Armstrong and chokes up on the financial exchange radio network. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well into your eighties you better have a plan for your retirement savings if not you might outlive your money hi this is trucks out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and asked about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com. Securities are for 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 American 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 read it checked your former son or daughter in law just a buyback your own home. I'm let's do partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create a huge capital gains tax when they sell it there are better ways to own your real estate -- -- protected from the nursing home keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com don't put your home at brisk 8668485699. Or log on to legal exchange showed dot com. This is a special announcement for all landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of rent -- we're zero and leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more when Z rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot net to learn more or call 7816418691. 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 do have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call -- 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 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 -- right now at Armstrong advisory dot com. There is effort to securities America incorporated members and as a PC into my reserves is with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank in May go down in value leader bank a step ahead. The financial exchange. Is Cole a brutal England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. As promised time for trivia and true. You today is brought to you by the Armstrong advisory group. It's still a great time to review your portfolio call 80393. 4001. Incident via free no obligation consultation today that's 80393. Or 001. And trivia today. We are doing trivia based on the civil war because this week in 1865. Robert. The American civil war and so we're doing trivia based on civil war the way it works you can text us your answer that's 63566. And let's do today's eap Rolle was eight. Dot apps that will do the eighth person with the right answer is going to get a fifty dollar gas card. What was the first state to secede from the union. Texas it's 63566. And again if you're eighth person you're getting a fifty dollar gas card what was the first state. To secede from the union want the answer worry coming up in just a little bit. Did you did you Google that was operation seawall perceive blinder would yeah politics of some World War II reference OK so. It had nothing to do with some milk. Okay just make extra. Netflix prices going up today you might get an email and your inbox in the last couple days. Netflix announced the pick was back in February may be January that their prices were going to be going up and that is going to be taking effect this month the basic plan going from. Eight dollars to nine dollars a month what are the basic plan actually it's not HD believe it or not. They still offer plans without HD yes that's. I order a collection subscribe to that. What dials apparently so. People with bad vision just like it doesn't make a difference in LA. It does appear like farsighted and they believe that any HD. The standard plan that includes HD streaming on two devices goes from eleven dollars to thirteen month. In the premium plan. Goes from fourteen to sixteen dollars a month so the biggest percentage increase is going to be on that standard plan and to be honest I think they're trying to do there is pushed people to the premium plan they have a Marty paying a couple bucks more. Wanna go to the premium is and you can stream on five different devices and it gets you four K access as well for better picture quality via before he TV. How close are we to Netflix. I think they came out with some sort of technology at the what do the electronic show was. Recently at forget the name but I saw something along the lines of there's this company that was helping. The Netflix of the world to crack down on sharing user access now you already. I mean they they boot you out if there's already three people or five people in the different version yes you know and so. I don't know how to do so I guess. In order to answer this question I think the first thing is that what constitutes a quote legal shared that. So late afternoon you know my wife and I could legally share our count right. But you can't just do it based on location because let's say that I'm on a business trip and LA crises at home. Hey that's still the same people there watching. I just I do that but like clearly if you and higher sharing Netflix subscription. You chucked in my current structures sharing Netflix subscription. That's kind of don't against what Netflix is designing and I don't know I mean I'm paying for two users to use it. So fun Pena to users to use the same time what's the problem. You know at its written are like and I gonna have to get married so that we could share Netflix account move in with each other maybe. Maybe that's with their push reporters movement I do not need three kids running or else it does not need agreed to give up running around my house for now oh. Way to one of them. I think that's fair to her and get them back for a that's a seems like a reasonable request. And you want it's it's. Just not I'm not there yet I'm just not there at the did any of you go to seizures and over the weekend nobody heard good things apparently it actually knocked out of the parks this time it came out of nowhere for me just because. Hey I never heard of she is am before this anyways so did anyone else think that it was a remake of the Czech movie and I. Thought allies like I putted going to be a genie back that is played by Shaq but it's totally different completely different movie. So look at this is a relatively. And it's too weird even see this it's a relatively low budget superhero movie because the budget was a hundred billion dollars in a lot of these superhero movies now 200 to 300 million dollars in terms their botched so. This is kind of a mid market superhero movie tickets moving. It's a PG thirteen rating but I feel like it's targeted towards younger audience. It's it's about a fourteen Euro becomes a superheroes or it's so like so it's day. Is which is like a movie yet it's too big for a new generation or for heroes yeah. But pretty much so you know this is under the Warner Bros. Umbrella. And Warner Bros. has had all kinds of problems with superhero whose date they just have not been able to pull them off particularly well. You know in particular. You know the last couple years where you've had all these great news superhero movies coming out yet start finish Joan off against mark capsule crushing it and you keep Warners had all kinds of flops but the last year it seems like they've been turning it around his here's what they've done in the last year and that it Wonder Woman. They actually it was that 2017. Recently past two years of they've Wonder Woman dated a woman which everyone thought was gonna bomb and actually did pretty well got bad reviews and it did well on the box got bad reviews but it still made one point one billion dollars so you know it look at made a boatload of money there. So in that witches and they've they've kind of started to turn things around because. For a while there. It was just. After bad after it was just not good for. Warner at all and in Anderson at the same time the Disney is just making money hand over fist with there'll marvel line. It's now gonna culminate in avengers and game in about two weeks which by the way might be the biggest movie event the last twenty years now did you see that's. Oh. And tango is that the detector reservation clerks. Didn't crash it it crashed nails is that they don't set the record they say that they set the single day record in six hours at W cool. Imagine that you know this I think avengers and games probably the biggest movie event in the last two decades ethnic east. Oh yeah easily you gotta go back. I think you have to go back to be honest the Star Wars prequel which flopped but still were so highly anticipated. Yeah I think that's accurate in this once coming in a shade under three hours I believe over three it's going to be three our wits collide keep in mind historically. Like three hours. Heated three hour movies you can't get as many run times and there via but it's almost become kind of except that like two and a half to three hours late normal now for movies it seems like a matches the actual film like with movies like this keep in mind. It's it's close to half an hour for previews. But it it movie like this you're looking at 67 previews and a lot of times these marvel movies they have things after the credits also raised just yet I gave it certainly do what you like four hours in this beater when it's Olson Don ammunition and mission for this thing that's ridiculous. Could you imagine that it really inch thing to do that for movie. Some movie that did have an intermission recently I can remember. I feel like I've can you don't know what to go to the bathroom at a wedding that had an intermission. A warning like smash I would do when I got an intimate ceremony so it was an Indian what it was an Indian wedding and it was so long that they actually had an intermission about two and a half hours and it's a five hours are you seriously they had an intermission so you could relate get up and stretch your legs. And go to the bathroom and everything but yet they had an intermission in the middle of the wedding. She eats so there's that but getting back to Suzanne. 56 million dollars domestically and other hundred million internationally so 156 million worldwide first Rican and pretty good for first weekend for movies that again most people thought was like a remake of a shack movie from the ninety's I thought. We're gonna take a break now when we come back and start talking a little bit about earnings season. And also stock's closing in on record high it's. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law and just a buyback your own home. I'm lusty. 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 he'd been away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com don't put your home at brisk 8668485699. Or log on to legal exchange showed 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 -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw 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 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 SIPC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back. A step ahead Barry Armstrong here and I'm joined today by Todd what's key from the law firm of Cushing and Dolan. And worked talking about the guide to different types of real state ownership many view all home team I don't know. Home here in New England in the might have place in Florida. Taught what a question that comes up quite often is. What are the implications. Of transferring your home to your kids in order to protect it from the nursing home yet that's one of them. Worst things you can do makes my teeth which line really bad because. One you've given up control over your home front doors anymore at and that's not a comfortable feeling if my client I heard a live there. Two if you wanna sell you can't it's not your if you do sell where's all the money go most of the kids. Never mind all that there's a huge tax implication that comes from this if your kids are great kids right. If you bought your house you don't usually go thirty years ago you probably paid a little four. Now it's worth a lot. Right and you give it to my touchpad sale was tax free when I sold my house tax free except it's not yours you gave it your children this example. That's the problem. And then you give them your basis. And if you give them your cost basis all that built in gain. Is gonna be taxed to the children so that's the tax problem you don't get that tax free sale when you immediately to your kids you don't that's a big bite. So I mean right there if you have given it to them now now even if they agreed to sell they got to pay that. Acts that you don't have the money you hope they give it back to you 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 but we can't fix the financial exchange with Barry Armstrong and chunks not a on the financial exchange radio network. So Mike Weir we have a trivia winner of the car. Question that we did last segment was. What was the first state to secede from the union in the civil war the answer was South Carolina they seceded on December 201860. South Carolina troops also fired the first shots of the civil war 1861. When it pardon union troops stationed at fort Sumpter in Charleston, South Carolina. Whether any answer that question. We got a ton of correct answers but Michael from North Hampton and New Hampshire have eighth correct answer and is taking home a fifty dollar gas card trivia today being brought you by the Armstrong advised her group with the market still volatile now's a great time for review your portfolio. Call 803934001. And setup your free no obligation consultation today. That number again is 803934001. So Mike one out walk you through where earnings are expected to be over the course of this year right now. First quarter earnings expected to be down four point 2% compared to a year ago Q2 earnings now expected to be flat compared to a year ago. Q3 earnings up one point 6% in Q4 up eight point two this is according to back sets earnings in sight. I want to take you back to January 4 this year. Is here the earnings projections at depth at that point Q1 two point 9%. Q2 three point seven Q3 four point three Q4 twelve point one. I've gone from full year seven point 4% earnings guidance. Downed a full year three point 6% so cut in half over the course of three months and yet the S&P 500 is up what. 20%. Year to date the S&P just continues to rally at this point and so. I always find this to be one of the most challenging types of markets to invest in because. Everything about the fundamentals in this market when we sit fundamentals were talking valuations. You know data with any kind of data. Is screaming. Not that this market is drastically over about it it's not drastically overvalued it's probably a little but everything about here is saying. Looked at data is showing that things are getting worse. But the market is telling you that things are getting better it's. It's really difficult as an investor to figure out to not to not over think that to be completely honest chair. It's you know and in so. I I find this to be really challenging market to try to read and invest in. But the big thing is. We've got earnings season kicking off later this week you know the next it really next week and the week after or are the two biggest weeks for earnings for the first quarter. And we don't quite know what we're gonna get I mean we we've seen such a big shift in the projections over the last three months. That you know this market hasn't really faced many tests but weak earnings could give it a little bit of a test of easy company's you know reporting weaker than expected numbers. Occurred and you know the the big strange thing to me too as you look at Q4. You think about the news that we're getting in the fourth quarter of last year yes there were the concerns about rising interest rates so people were worried about that and clearly impacted markets. But earnings expectations were stronger than they are now pretty much everything was looking have a lot better than it is right now. Yet the market fell twenty some odd percent or 20% from its peak. Now we're getting a slew of not such great news and we've pretty much bounced back not quite we're pretty close and highs that we hit back and attempt. Yeah I mean you take a look at the S&P 500 I was looking this on Friday just because the numbers were kinda shocking to me to be honest we got up to 2940. On the S&P 500. At its peak last year back in September. We're almost 2900 on the S and piano so mean you're within two you know you less than 2% away from all time highs. Despite the fact that it's. Hey all that earnings growth it's projected in this year. Is back loaded two Q4. So pretty much what what analysts are telling you is yet Q1 you're gonna have contraction. YouTube. Kind of pretty much flat is what they're expecting right now Q3 slightly better than flat. It's pretty much all back loaded into cure. Q4 right now. Instill that Q4 earnings growth doesn't show of companies start guiding no more weekly heading into the end of the year. That's where I think there's some real downside risk in this market because it's all hey we're gonna have six to nine months of weakness and that'll bounce back. You don't get that this market starts looking expensive and her you know. I take. This Latin the only lesson that tape from this is. You just can't turn time it's no you cannot because it doesn't matter if everything looks bad. It looks to me like the only reason stopper it's gone up is it's the only place to put money. You know interest rates have come back down European stocks look terrible Butte Chinese stocks don't look so hot right now. So money is poured into US equities and in spite of the fact that yet there's some growth concerns and earnings growth has shrunk significantly. That's where people are pouring money right now that's where they feel safe. In in terms of you know just kind of looking overall I find some of this stuff that you know gets kicked around about earnings projections and so forth just. Kind of fascinating. You know if if for what we've valuations at this point. Not today. At twelve month forward PE ratio price to equity ratio based on the next twelve months of earnings for the S&P. Is sixteen point seven. OK so. You know which retreating sixteen point seven times. The next twelve months earnings which is about 2% above the five year average and about 10% above the ten year parts of that again there's a case to be made. Equities are. Slightly overvalued craze Leo overvalued but slightly over now you go back to that January 4 where were kind of the start of this year. Forward twelve month he was fourteen point one. Okay you've seen a multiple expansion almost three. In the last three months in that market. A year you have a case to be made. Rightly so that that market maybe was five to 10% under valley so you know we're just kind of swinging around these these valuations right now but. I find it just so interesting that as you mentioned late the data doesn't look at you know you're not great China is not great. But there's almost been tiny new worlds to go and so this market's kind of rallied in the short term even though the news has really been good. Now that that that's the summer. You know having a sound plan for tyrant is one thing executing it is something else and if you don't. Plan properly your money might not last as long as you do folks is Mike Armstrong from Yorkshire advisory group and we've got a new guide out this month to help you protect yourself in your income. Against that worst case scenario it's called five steps to help you not outlive your money and eagle. In it you'll find core strategies that are critical to managing your wealth so it last throughout your retirement which for many people today could be as long as thirty years. Call right now 80393. 4001. Again and number 803934001. And get this guy today. You can also set up a free consultation with whatever visors you can walk you through this complicated process step by step. Take the worry out of out living your money call 803934001. Again that number 80393. 4001. Or download the guide right now at our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So something that I don't really think about a time when it comes to gas prices make a little bit in news recently. And that is ethanol you know we when it whenever we talk about gas prices here in the ass. We typically talk about okay they're based on oil prices and you know we tracked oil prices pretty closely. But according to a story published in Reuters. There is some of the things that are happening in the ethanol industry right now. Are part of the reason why you're seeing higher prices at the pump and those who aren't familiar with you know how gas is made today a portion of it I think it's typically up to what about 10% are can be ethanol in two gets. Thirteen. At thirteen I can't remember the 30%. No sits thirteenth hour tacit if not out so it's typically I believe either ten I think there's 85 which you know we have also. But. You know ethanol is typically put in two BO gasoline in certain quantities. And so. With all this flooding that's happened in the midwest rate in corn country in a lot of cases a mean Nebraska mean that the Nebraska university Nebraska Cornhuskers trying to outlast Blake. You you're named after people. Who literally go and pick corn. In this case you're seeing because of all the problems that Nebraska in the midwest are having with by the way have you you've seen the flooding that happened out there nasty look I mean it's. I feel like it hasn't gotten maybe I just don't watch the weather channel enough. But you see the images and you have towns and cities that are just under water I mean the lake similar to what you'd see from hurricanes and in other types of flood scenarios. And so what's happening here. Ethanol that the prices have been in have been rising just because 13% of ethanol production capacity. Has been taken off line in the United States now. And so you've got give his demand for ethanol but is has to be put in to fuel yep but you don't have the production on line right now. When you combine that with but the price of oil started this year at below fifty bucks a bear were up to 64 bucks a barrel now say you got him. Oil prices rising two's all that's combining for higher prices of I think I was out and as I was at an Arizona last week I was pain and 265 gallon I think which opens reasonable idea historically reasonable but pretty high. No the putrid for. So ever I think everyone knows California has the highest gas prices around. But you know what state has the highest state gas tax. Stay is so with the highest it's how gas tax. Who it's not California tell me guess do I get three. I don't think you're gonna get it was it was not New Jersey I know them much let's go Illinois. They're up there Connecticut now. I had I don't know Pennsylvania. Real surprisingly has the highest state gas tax in the country how high is it. It's like three cents higher than California for 58 cents a gallon I I was not expect no surprise me tip. Was not expect that speaking of busting with the energy sector here. One of the big shifts over the last fifteen years have been the move towards fracking. In order to produce not only oil but Nat gas is well. But here's what you're seeing with these fracking was that I've talked about this for awhile they have much faster rates of degradation. Then. Conventional wells do and so what you end up with. The production that that comes off these wells. It's it's often what companies expect. But they did with the rate of production declines so quickly. That companies that use this type technology. Often find themselves having to dig new wells and a pretty regular basis. In so there's a huge need for capital in order to continue to maintain production. Where it's been earlier. Yeah and you know. These companies are some of the biggest borrowers out there to here if you take a new high yield bond markets it's dominated and it took all these types accompanies this does have me concerned. That's said. I feel like we go back these stories year after year of how. We're not condone the drill for as much oil we got this that the other that's gonna cause oil price to go up as we just can't find enough peak oil. And we just fine more and it's never it's it's just hasn't happened I mean could this be the straw strippers camel's back may be driving it's likely. Probably not. So you know this the one thing that I do find interesting here is you know we haven't had. You know the concern over peak oil which you're not familiar with the term that the theory was I think first proposed back in the 1990s. That eventually we're gonna get to a place where. We have the maximum amount of oil production available in the world where we just can't produce anymore. And the fact is it's it's proven to this point is simply not be true. Just because new technologies have made previously inaccessible fines now accessible. You've had other cases where prices have risen to the point where hey now it's actually profitable pulled from other areas that it wasn't profitable before. What I do worry about with with fracking is. You know. Wit with these types of wells. There are only so many places that you can too real to be fair that this is accused where we're saying. They were reaching peak to peak capacity because we don't have the technology or whatever this is were kind of you know going through and saying. Gee we drilled a well that we thought was gonna last ten years and it only lasted five yeah you know. Once it's gone it's gone a whole lot more quickly than than anticipated. And that's a different problem we haven't had to deal with. And so I'm just curious if there's anything different. On that front. Let's take a break when we come back we're talking about the UK potentially cracking down on FaceBook and Google and also. Tell you just wide Trader Joe's is so darn cheap that's coming up right after this break. And include. He showed in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking it's huge capital gains taxes when the home is sold if you find yourself in a similar position in need talk about these 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 that 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank best checking and savings accounts that can provide decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is Chuck Todd and I've been doing business with the -- bank for many years so if -- -- need -- -- 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 at featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- savings account has a 2.3 5% APY that's 2.3 5% in -- a great perk -- -- my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. 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 -- subject to change without notice leader banked 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 call us at 803934001. And get our new guys 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 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 is up with the securities America incorporated members and as a PC advisory services -- with the securities America advisors incorporated -- -- representative Armstrong advisory group the securities and companies are unaffiliated are you thinking about transferring your home to your children in order to protected from the nursing -- did you know that if you do you put added risk for your children's creditors including future divorces you really wanna -- -- -- your former son or daughter in law and just a -- your own home on let's do 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 a huge capital gains tax when they sell it there are better ways to -- your real estate can protect it from the nursing -- keep it away from your children's creditors avoid -- 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 ain't members finreg SIPC and advisory services arbiters securities America advisors -- carry arms from representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. It changes afoot in the United Kingdom where the UK government is in this is a quote from the Wall Street Journal. Plan to create a regulatory body to force the removal of harmful content from the Internet. Does anyone see how that might be difficult. Yeah that could be extremely difficult. So to begin and not the least of which because. FaceBook YouTube don't want this contents on their platforms begin to know they're trying to take it down. It's just not that easy in that thing that really has spurred this I think was the shooting in New Zealand when was that about a month and a half ago now I think. And in particular the fact that shooting was live streamed on FaceBook and in the it was three posts and I think like one point two million times while FaceBook was trying to get rid of it. But simply couldn't ands. Look here's the way that I tend to look at this for pretty much all of in this is not my own quota believe mrs. I've had messed this up last week who is you know Penn and teller the magicians. Who was the one talks is Penner tell down. I. And I think it's that old joke Coca teller. If any bias so he has a quote and yet I think it's one of the best quotes that I've I've seen in awhile. That for pretty much the first 99.9. Percent of human history. The biggest problem that we've had has been too little food and too little information. In the last forty years it's been too much food and too much information now it is in its messy trying to deal with that is we we don't know what the heck to do witness. And so I extend that it to FaceBook and that look. For the first. 99.9 percent of human existence if you wanted to publish something or say something would really hard and really expensive. Yeah FaceBook now in YouTube and all all these place that you can put stuff on line. It's cheap there's no transaction cost do we any of this stuff Manning and so. When we're trying to deal with this problem. It's it's a different one than we've had to deal with historically because historically it's always been look at we get people access to more things that they can have a better life. We're now at the point where it's okay we don't want to be showing people being murdered on live late Internet footage yeah. And it's how the heck do you balance that will still around someone post in just normal stuff on FaceBook and. I just sort of historically these types companies there are rules on the books and laws on the books for decades now that really. Prevents these types of companies from being liable for what their users post on the pages right and and and now we're trying to shift that and I agree to some extent I mean take a look at that New Zealand's. Incident. I mean could FaceBook and they should just shut down their entire west if you can't control that if there's somebody killing. Dozens of people on your website you gotta just shut the whole website. If it. And I said this jokingly before but late imagined World War II with Twitter. A you look at you you you would've had people live streaming bombings like it's just we we didn't have this technology than in so on one level. It can be useful because you say what you can use to warn people about things that are coming in you can used organized positive BO social movements and things like that. But on the other level. You've got people that are not in their right mind now horrible ideas that decide that they wanna go kill people and posted on FaceBook. And I don't think we have the ability to figure out how to deal with that problem using can using your traditional law making and stuff like that they. I think this is a social issue beyond the late I don't know that's something we can control like this. If you can't what do you what do you do. I do not have the I don't answer to I don't think finding I don't think it's gonna work you know but it's I I just I don't know how you're going to deal with the stuff. I just think it's a problem that we've never had to deal with before and we're not. This early capable of doing so. Let's all the time we have for the day Dow was off 120 points the S&P and NASDAQ both down as well as we head towards noon. Struck Mike and doctor sign off we'll see you back here tomorrow.