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Full Show 4-10-19

Apr 10, 2019|

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This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck saga. The amount of money that we 02. Retirees and our public pension systems. Is accelerating. Much faster than the assets on hand to pay those future obligations yes we're gonna start off the show the conversation. Regarding public pensions Ross gonna dive into earning season it's upon us we're gonna start learning how the corporations in the pick for 500. Have done during the last quarter. And then we're gonna take a look at Delta Airlines because. Well they just. They beat Wall Street's forecast high everybody's buried truck with you here on a Wednesday morning. And unfortunately chuck the first stories kind of one of those reality checks. As a relates to future obligations that our public employees are entitled to. It is and it's it's a little bit of a downer so here here's the long and short of it is what we've been going through one of the best bull markets in history over the last decade. You know you you've seen the Dow Jones rise from 6700. To me now north of 26000. So going up you know north of three times. To this point. And it that kind of environment typically you would say hazy go through there's big bowl brought near as big bull markets. You should be in a scenario where if you are a public pensioner really pitched of any kind. That should set you up in a pretty good situation to be able to pay your obligations because you've had so many years. Of good earnings and unfortunately. What we're seeing is. For various reasons the biggest one being that a lot of states and municipalities just aren't making the payments in that they should be. You have a lot of pension plans that are actually. You in pretty pretty dire can't dire straits right now as far as where they stand from a funding perspective. Ironically some of the states are pretty good shape you know you look at New York State for instance they funded there's I think Tennessee's in pretty good shape. And then you go to other states like Illinois a New Jersey Massachusetts. Connecticut I mean they're in dire straits. Yeah I've put up a full list of via an overstatement country here actually as of fiscal year 2016 just as we were still waiting on new data from last year and 27 in data I couldn't dig up. But are there any states particularly wanna take a look at. Let's run through the New England states yes the best funded out of the New England states is mean at 77%. That ranks fourteenth in the country and in general. When we're talking about pension funding levels. If you're above 75%. You're always kind of be in in the ballpark of where you'd like to be ideally one beat north of 85 to 75% is a good baseline for where you wannabes so main. Best funded in New England it's 77%. New Hampshire. Falls at the same funding levels Massachusetts 58%. Both tied for 38 in the country so. Both of those states. Not doing a great job funding their pensions but it gets worse from there. Not Rhode Island is it 54%. 41 in the country in Connecticut just 41%. 47 in the country's almost may have. In in the bottom five. I forgot to mention Vermont which is 64%. Funded and that is 32. In the country when it comes to pension fund pension funding level. It's so let's talk about New Hampshire Massachusetts. Rhode Island and Connecticut because those are the bad portrait. Yet those those the ones that you know are are in no. Somewhat significant trouble I mean it's if it has showed up to this point just because. A a lot of those obligations are necessarily being paid yet you still have a lot of people there waiting to retire. In beat you know you've had a good market so it makes things look better as well. Well let's take a look yet let's say you're the town of Westwood. And you've got this. Public up pension obligation for you or retired municipal employees what are your options. Really there's two of them when it's all said and done you can cut benefits which I eat out west took it back and what do you mean. Worry I don't think they would have the authority to say you're retired cop oh we're not gonna pay here I don't know they could be used the law. What and they'll do it if they negotiated with the union they could well OK and you know it gave a he's the options that are out there so they can near negotiate to reduce benefits that they can't just go and do it unilaterally break or even raise taxes in order to cover those are pretty much are two options if if you don't have them money to pay and right now you've got to raise taxes or. I guess in theory you could borrow what if someone's willing to lend you the money to fund a pension obligations. Would you tell a young homeowners AE AE knew somebody that was in their thirties buying a house. It would you say to them to your property taxes are gonna go up it may be little more than 2% a year. So if you think that the status quo was going to be maintained and yes I think that is the that is the likely solution. If you know if if we kind of maintain the status quo. If we're if you're looking at this from a perspective of they have all these states have problems and look not every state does there's actually a number states you mentioned. That are pretty good shape in a New York is 91% funded Tennessee's 94 south North Dakota are around ninety Wisconsin's best in the in the country 99% funded state of Texas. Texas is middle of the road 73%. Eighteen in the country. You know some other are good ones that are out there Idaho's 88% funded Utah's 86. North Carolina's 88. I was 82 Ford is actually 79 which isn't bad you know attended recent. But you've got some other bad ones out there to south Carolina's only 54%. Mississippi's 58 Louisiana sixty. Colorado 46. Arizona sixty Hawaii wouldn't. Look at these numbers checked how far is it before how long does it before you start to see some of these states. You know we Rhode Island went through member central falls Rhode Island yet they went through collapsed. How far out is it before you start to see some of these states or municipalities. Have to say to their retirees. We can't afford to pay you. An and and how does it yet result is that Kate is are these defined benefit pension plans are tax payers gonna revolt and finally say hey. We love our policeman with over firefighters. When it give you defined benefit pension plan. It's the you'll see a lot of these places that are Beano kind of looking like they might be in trouble they'll have problems the next time you have an extended bear market. Yes it it it's it's gonna be that soon because that'll take a give you an example the worst of the worst one in the country to they're tied for pretty much worst. Kentucky and New Jersey okay both the only 31%. Funded OK I guess that's how bad it is they've only funded 31%. Of their obligations are you. Get a good market correction rate and that 31% drops to 15%. And and then there and they're they're they're. There there are looking for help. That they are and so you know in those situations in the short term I think that you beer you're likely going to have. You know significant. Federal government assistance in order to cover those to be completely honest and I know it's not palatable most people know most people don't wanna talk about that but. That's what you'll seek is otherwise near your pensioners aren't going to get paid its. Lotus and act federal government assistance will come with apnea witches. Yeah will bail out deal plans but this defined benefit pension plan goes way yes it is exactly that's that's whether they hit batter taxpayers like. He what's gonna happen is. Meanest do you like cities and towns and states Burris say. Pay you know we are not willing to fund these pensions anymore guy who rules will freeze it will honor what we value. But we're not gonna get view dock and continue these marketing given to new hires. Yeah and and in you've started to see some municipalities doing that I know we talked to think it was about this time last year. I think it was you the city of Dallas for the city of Houston implements a pretty significant reforms on the air police and firefighter pensions you know and pretty much did a version of what you're talking about where they said look if you in this. You you're gonna be grandfathered and there's not gonna be any problem there for what for new hires were going to be moving more towards defined contribution plans like 43 beer for a one K. 457 plan. And for you know we're going to. Gail also mandate increased funding levels in order to get this thing balanced over the next ten years is we don't wanna be dealing with this is a long term problem. Yeah made it we've we've really. You know it it's it's caused probably we're getting text messages on this topic. Raising taxes to pay underfunded pensions will fly though about the state. And I think that's you know the problem is wealthy people are mobile and and that's the that that's just the issue you know leave these people are gonna just say at a wanna pay it just like a lot of retires think about how many clients. Debt raise their family in New England but retired in filed taxes or. Yet. They're a bit there's there's a ton of a bit there's there's a ton and so you know certainly I think that you would see that means the other thing when when you look at you know some of these states. Illinois tried to deal with their problem and the supreme court of Illinois said no you can't do what you wanted to do wax. You know so they had a plan to save tens of billions dollars they were gonna have cuts additional stand in and this the supreme court of Illinois said no you can't do this actually so they they tried to fix its just they weren't allowed to. When we asked start to see earnings season is it Friday. If it starts to really picked up on Friday you have kind of the first one Strickland through now delta reported earnings today but. It's it's really Friday when it kicks off and then the next two weeks are when it gets really happy that's you I think over the next two and a half weeks you then have about 60% of S&P 500 companies that. Pork in this state this is kind of the beginning of the first quarter. After tax reform unity I called corporations got huge boost in earnings last year because of tax reform. Now they're trying to compare themselves to earnings growth when he eighteen pretty tough to do. It is them in and keep in mind so one of the things that I tend to track is just where projections are for earnings over time and when we first started the year back in January force. Facts that puts together a release called earnings in sight where they'd be a kind of take an amalgamation of you know what analysts are projecting earnings and they pay publics and say hey here's what analysts think earnings are going to be for the quarter. And when we kicked off the year. Analyst projections for first quarter earnings came in at two point 9% earnings so. They obviously well down from what we have last year where we're at the north of 20% in the first quarter. But so two point 9% was what they were expecting for the first quarter when we started the year. Today if we look at the most recent publication from FactSet on this which was on April 5. That was down to negative four point 2% so a 7% decrease. In earnings projections over the course of the last three months. And in that kind of brings us to where we are today. Now historically. If you look at a normal quarter. About 70% of companies and a beating earnings expectations when it's all said and done so where you start to get concerned. If we'd miss on that kind of four point 2% earnings contraction. That's where you say hey things really are looking yet kind ugly. My guess when world when it's all said and done we probably end up with earnings contraction of mere two to 3% about the four point 2% that's being projected. Just as everyone gets conservative with guidance over the course of a quarter anyways. It when we come back early talking about airlines that we're doing a survey today to try to determine what you were favorite airline news. We only listed five of them tonight I hope that the rate five. We've listed jetBlue. American Airlines Southwest Airlines Delta Air Lines and Spirit Airlines. And Murray the we have a number stories in today's stack about airlines so. Our poll question is what is your favorite airline if you go to our website depreciate its financial exchange showed dot com and vote on the poll. Will review those results during the course of the show. And then when we come backward take a look at some of the earnings announcement from the airline to start off with delta that's next on the financial exchange. Tony this very good charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong in chunks out up on the financial exchange radio network. As we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families go through this process think about transferring their home to their children to protected from the nursing home. If you're not careful the nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking -- huge capital gains taxes when the home is sold if you find yourself in a similar position in need -- let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show on will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well 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 he should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and ask about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com to. He's offered to securities America incorporated members in SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated but folks this is Mike Armstrong from the financial exchange I'm joined now by. Yeah I I go back to the first apartment that I ever rented us there were five of us in this. It's terrible Somerville apartment. But we're all trying to coordinate our Renton 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 rents and how does that really make the landlords like. A little bit easier. Shore Michael thanks so we created zero rents really automating simplify the whole rain collection process for landlords and property managers. And what we do is we we basically if there's individual tenants will debit and individually and patched their payments together it's and instantly it's. So landlords love it whether it's you know a single unit landlord or more of a professional landlord and hundreds of units. They use this product. For the reporting from the automated rent collection for the tenant. Rent splitting so it's it's been great. That's pretty nicely mentioned and most importantly it's completely reprise Harry as it offered for free 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 offer it to their landmark it's. And for being a client of that being too becomes a free service to vote the way in the hours in the tent that's actually had 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 and always adding new institutions. Folks again the name of the service is he renting you can get a lot more information by going to see rent dot net it is a completely free tool for both landlords and tenants. And once again there's a lot more information you can get to get signed up and start collecting your tenants rent online immediately he rents dot net or even give them a call. At 7816418691. Against you rent dot net or 781641. 8691. Securities offered to securities America each member senator SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24 sevenths right here on the financial exchange radio network. The number of stories regarding airlines. Delta Airlines beat Wall Street forecasts with a record revenue Andy they jump. In their first quarter profit are they doing that in this tight labor market. Yeah the big thing that you're seeing from delta is that they've been making a push over the last couple years what was the number of airlines to be honest. Trying to be more focused on the premium seating market naming first class business class and so forth. Is really that that's that's where the properties when you're flying a plane it's not in the you know charging someone 200 dollars to go from Boston to Fort Lauderdale. It's in charging someone 101000 dollars to go from New York to London that's that it's worth the money is. Airlines when it's all said and done. That's the affluent business traveler right because that's his pain that ticket yet that that's where they've really been focusing and so. You know that's kind of the the biggest thing that you've been seeing there obviously the thing that's helped all airlines over the last decade is all the consolidation that's happened there that does not much competition anymore you go back. To the early two thousands in you had nearly 1520. Neo significant airlines in the United States. But they've simply been gobbled up at this point where. You know you've got united buying continental delta buys northwest. You know US air and whoever you beat you've got all these. And in an American merged bill does not as many options let's talk about the challenges they face you know the pilot shortages yup that one war. You know you're dealing with a lot of unions how many different unions delta negotiating with probably three or five. Well at least three because a lot of those unions are regional right. The mechanics out in LA they might be part of a different union in your mechanics in Atlanta and so you're dealing with unions you deal with labor issues. You're dealing with a rising fuel costs of fuels up to 64 dollars a barrel basically. It's tough business it's it is a toughness there that's way like I've never I've I've never bought the airlines. Willie long term whole perspective I traded jetBlue and made a few bucks on nine years ago. They'd never bush it was a it's you know some stocks you're buying to say after yet you know and all that to light. Today I would never. Yeah this it's a it's a tough business just because you know the other thing that a lot of these airlines are dealing with as well. It if you look at just how airports operator they're almost all operated by. Municipalities would sure as we are talking in the previous segment don't have a whole lot of money right now and he had it tough for them to raise taxes much they want to soak. One of the ways they try to balance the books. For these airports and their operations. Is they raise fees for for gates and for usage of them and so forth and yeah that's another cost that airlines have to deal with because. You know for example. If Logan international says hey we're gonna charge you 10% more to operate out of here. You don't really have anywhere else you can go for direct access to the Boston market yeah you've got Manchester or Providence but they're not in Boston so. Delta jetBlue American or whoever else is operating their ass say. Tell we got to deal with these additional cost we need access to this market. Would get what airline do you prefer out of the five that we list it do you have a favorite. So historically have always flown jetBlue did for the last five or six years they've kind of been. The heaviest company that I've used but. I will say in the last couple years I've been moving more and more towards delta I'm still probably 70% jetBlue. But I've been using dealt the quite a bit more these they've spent a lot of money improving their product they still buy some of the old MD eighty eight's that are near tighten noisy and everything but. They've they've done a really nice job improving their overall product and it's a pretty high and delta right now beyond. Well according to our whole 50% of you like jetBlue 8% like American when he 9% like southwest. Delta as 4% of the votes and spirit nobody likes spear. I would say that's accurate that I've heard one person Matt Light say hey you know what that spirit airline was something else I like that I flew the ones. Apple's very cheap bright eyed in that way you defiant. Yeah I had a a but he was having a bachelor party in Atlantic City like eight or nine years ago. And I flew from Boston to Atlantic City for it was like 29 dollars on something ridiculous. Ands. Wasn't the of the great later in union jammed in there like it just 29 dollars 29 dollars and would definitely chargers or else. But I I was like 23 years old right among us or them I cents. It's partly the last five years in college late. He's had struck a car there for. No this was an upgrade from like what I didn't like going through college silly if that at that point it's not bad but. I I'd be hard pressed to find you know family saying oh yeah we blow to travel on speer. More often and well I think the they're the reason you fly them is their chief. Brady used to be like peoples express southwest used to be younger and now southwest is up their game where their service is pretty good yep you know people. People genuinely. Like flying southwest they've got a terrific frequent flier program. There on time arrival is pretty good you know you get where you're going good prices. At good prices they don't. You know folks around with a lot of these utterly Lotta Lotta people like them that jetBlue news. Clearly the leader out of the gate anyway in the near their 50% of the listeners lately jetBlue. Probably a little cute just because we're so heavily dominated by jetBlue and kind of the northeast. They'll have allowed delta to right we do we do. Are coming backward talk about jetBlue. Rumor is that they're going to be announcing service over to Europe. That's next on the financial exchange. Like there's something. What was on Twitter. Joke breaking business news is always first place you on the financial exchange radio network. Amazingly there are studies out there the -- many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need do have are you aware of the circumstances that could severely impact your wealth had no fault of your round hi this is Mike Armstrong from the Armstrong -- 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 -- complimentary consultation with one of our advisors to walk -- through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now at Armstrong advisory dot com. Securities -- -- American corporate 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 land -- property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help -- it's called -- deposit this is another free program which streamline the opening of -- security deposit accounts -- totally digital experience with -- deposit landlords can open an account online invite -- to enter their information and manage all their security deposits he deposit also automates many of the compliance headaches for landlords such as generating account disclosure forms and will even send annual interest payments directly to the -- it's easy to get started just called -- deposit team at 7816418691. -- deposit is a free program to if you're a landlord or property -- -- 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 -- -- 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 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 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 -- 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 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 -- just a buyback your own home on let's do partner with -- and -- 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 -- your real estate to -- protected from the nursing -- keep it away from your children's creditors avoid probate and not -- unnecessary taxes get -- guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your -- immediately by visiting legal exchange showed dot com don't put your home at -- 8668485699. Or log -- to legal exchange showed -- -- 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. C rent 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 -- he ran -- meant to learn more or call 7816418691. Petty. Saved enough money to last throughout your retirement years I think you have to be sure in the brand 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 all right now 803934001. And that's 803934. Doesn't wanna get your free guide today or downloaded right now and Armstrong advisory dot com securities of history is American corporate American wrestler PC advisory services are registers merge advisors incorporated parents are represented the arms are advisory group mr. is America companies or an affiliated. Time now full story watch a look at the market's performance so far today you still barring him chug right here on the financial exchange radio network. And it is time now for Wall Street watch brought to you by Z range of fully automatic online and collection tool. That's free for landlords with an account at a participating bank. Local banks including lead and leader bank stolen bank Needham bank and South Shore bank are all offering this great program so called today for more information at 71641. 8691. Or visit zero rent dot net for more information member FDIC. In taking a look around markets today. We agreed on the board to this point at least kind of a mixed day but we get some green at least. The Dow is down 26 points but the S&P and NASDAQ both up slightly at the moment. Best performing stocks today AMD Advanced Micro Devices. And Kroger boast of north of 2%. On the downside today. Fox down one point 7% a year down one point six. Any best performing sectors utilities and energy both up over half percent while materials and industrials. Both lagging down more than a quarter percent today. Gold also just take a quick look over there. Is up to thirteen ten announce a little bit of horizon the last couple weeks. And the ten year treasury right now at 2.4 seven per. Cents. Shares in jetBlue were up one point 7% truck they announced that their march traffic climbed by seven point 9% that seems inordinately. Hi. Yeah they did CEO and a slow rise in their march traffic part effect could be if you remember last march we had a whole bunch of winter weather is that. Delayed and canceled a bunch of flights I wonder if that's part of the reason why we might have seen such a big increases. And think we had two big storms that came through the midwest and northeast. In jetBlue knew predominantly operates out of the northeast so wonderful that had an impact there. They did guide that the the key metric for airlines is what's called revenue per available seat mile. It's pretty much how much money you making any seat that's flying between cities. Not in that was expected to decline for the quarter between one point five and 3.5 percent. They've announced that it ended up falling by three point 1% for the quarter. So we're kind of on the low end of the the spectrum that they guided towards but still within you know what they were expecting. I guess the thing I always come back Tuesday you know I I think about unions in union leadership right now and they're reading they're very sophisticated now. In their reading these reports in their Santee yes you do pretty well. And we we want a piece of that pie. And I take the smartest thing these companies can do is say okay we'll we'll give you piece of the pie will he be a piece of the company right Lou we'll make the union members stockholders of the company and that we participate in the terms of profits are supposed to always bugging us for waging Kirk's. It would seem the that would be the smartest thing that. That quit the near the company will would do. I don't know if that's already included in PO any of these airlines and in their compensation plans and not. Their familiar enough with them to be able to say if that's the case but it would seem to make sense. Now do you think jetBlue will do competing if it looks like they're gonna go to Europe and they're gonna go victim my guess is there an ago. London Dublin Paris Frankfurt should be your big cities in Europe. How do you think they'll fare against Air France. British Airways. And the other airlines are going there currently. I think initially they are going to have some pretty good success I don't know if it's going to be. Near Kevin knock it out of the park long term and here's why I think they can have some success. I'll give you example British Airways just as a comparison. Sure some British Airways built their airline their hold trans continental fleet flying over to the US was originally built on the back of the 747. 747 the benefits of leaking. Flight 300 to 500 people on anyone plane but the downside it's got four engines and it's kind of fuel on you know you you're your fuel costs are inordinately high. And so what I do think jetBlue is going to be able to do. Is compete against some of these airlines. There right now have rather in efficient fleets and I think they're gonna be able to get under the cost not of those in and create a little bit of disruption there. But the big thing a lot of his airline's been doing good up greener fleets you know British Airways is an example. Has been moving all towards. Boeing 77 sevens which are much more cost competitive with me what what jetBlue is talking about rolling out. The US crash. Well every plane crashed at some point. You know diseases. And but so you know whip when you look at this I think jet who's gonna have an opportunity to make some noise initially. But I wonder if you know the the thing that keeps people flying on those bigger airlines. It is in particular fear corporate traveler which is the number one reason why a lot of people blame you sell your business class seats and things like that. The deal there were a word programs and things like that on these other airlines are more robust than what jetBlue offers and so I just I wonder if jet blue's going to be able to pick up. You know as much market shares they want in that space they've got a really good product admit which is there they're kind of lay flat business class seat. But I just I wonder if they have enough meat to kind of bid for the corporate traveler to be able to move in that direction. Daddy you know I think what happens and truckers say you're the fidelity travel department right you've got people vote shuttling back and forth to London. Hey your probably look at that in sandwich and save 200 bucks ahead by users and Geoff Blum there either that's the travel departments can make that decision. Yep and in so I do think you're gonna see Buick I think every competitive product that they can work west. One of the issues that they may run into the planes that jetBlue is gonna be using their largely NBA 320 ones which is just extended version of the A 320. 737 competitor. And they're not as big as what a lot of other airlines fly. On those transatlantic routes and so I do think one thing they might run into is. If if they do have a popular product I don't know if they have enough seats to be honest to be able to to to deal with that you know these planes. Yes he may be like a 180 to 200 people. Where is it your flying a 777 or 767. The other there's 25300 people it's near a 25 to 50% higher capacity but there's bigger planes have got. You know. Folks as we age estate planning an asset protection become of her amount importance to maintaining happy and successfully stopped. Many families go through this process take about transferring their home to their children to protect it from the nursing. If you're not careful a nursing home state can gut your financial well being and transferring your property is not always the best solution because. You're looking at huge capital gains taxes whenever that home get sold. If you find yourself in a similar position. You need pot huskies' new guy it's called the risks and rewards a real estate ownership. As senior partner with Cushing and Dolan and host of the legal exchange radio show. Pot will break it down piece by piece and in turn will help you avoid probate and unnecessary taxes. There are better waste on real state and this guy can help you understand how to protect what is arguably. Your most valuable asset. Called today for your free guide by dialing 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe. From the nursing I'll call 8668485699. Or if you want right now simply log on to their website it's legal exchange show. Dot com. So Magic Johnson resigning. From the Los Angeles Lakers I'd a yeah I thought he was like a Laker for life. Yet that this is a little bit. It's a little bit odd to be honest is this came out of nowhere he's he's scheduled a press conference pretty much on the spot. Didn't tell management that he was leaving. Management being Jeannie buster he lost a daughter to the owner you know so it's really didn't tell the owner hey I'm leaving. And then just abruptly said. Pay I'm out and so. What DeWitt was the process he did peace Europe with that LeBron James Steele it didn't Heatley. It king's ransom for LeBron. So here's what I know about tennis. Is apparently. When you look at that the power struggle that's out there in the lakers organization. You've got LeBron James who's probably the most powerful person in professional basketball. Like even including owners like who LeBron can kind of dictate what happens in the NBA to be completely honest even that the state in his career track yes. So you've got him obviously you kind of wanting to do what he wants the know you've also got. Jeanie buss who knows the owner of the team wanting to do what she wants and from what I gather. They may have had differing views on what to do with the coaching situation going forward. And so it's a case where you know either matched Johnson's real boss potentially upset with him because he doesn't do what she wants or. He is via kind of boss behind the scenes and LeBron James not necessarily thrilled with them. And to be honest you know one of the things that magic is always done throughout his his career once he finished playing. He spends a lot of time trying to you know work with players on different teams and tutor than any talked about how we wanted to do that but it. This feels weird you know it's again that there was no announcement of this he didn't tell the owner before hand but this feels weird. And well hey I mean how how bad was the team this year and they they are expected to be competitive and Nebraska talker Nixon not to beat a team we didn't think it will I ever said that. I'm pretty sure him though. I always thought they were going to be if anything they're gonna be an east seat if any current aren't. Now that was and a good collection of talent whatsoever. So what does it do 'cause they spent didn't spend. A lot of money on the wrong if a trade America and they trade Lee he wants to Stan Utley does. Yet he's going to be stay NL he's not going anywhere what I think you're going to have his. Human Jeanie buss are gonna get together and figure out who the next via coach and GM of this team are going to be. But it's it's pretty clear from anyone who followed the team this year that no it's not all sunshine and puppy dogs out and LA lately we've. He was injured too right and it was how old is he 33. Maybe 34. I think his character. That's old for a big man. Air for a big basketball player. Yeah I mean he's been fortunate in his career that until this year he never really missed much time in thirty force our he had been remarkably healthy over the course of his career but. What you see in the NBA because of how fast the game is played now especially how big he is you mentioning these 250 pounds. Then you mean his knees and ankles and hips have to feel. Yes so it's eaten it at that point like you just start to break down a little more. And you know he'll he'll still he could still play another five years but he's not going to be the dominant force that he was earlier in his career. He coming up we're talk about Wynn Resorts and it's not related to their troubles in Massachusetts that really weird story coming out of Australia that's next on the financial exchange. Does it shouldn't start talking to. -- your portfolio includes the financial exchange with Barry Armstrong and -- signed -- on the financial exchange radio network if -- land -- property manager -- collection can be very challenging especially if you -- multiple properties -- bank has a program that can help -- it's called -- -- this is another free program -- streamline the opening of -- security deposit accounts -- totally digital experience with -- deposit landlords can open an account online invite -- to enter their information and manage all their security deposits -- deposit also automates many of the compliance headaches for landlords such -- generating account disclosure forms and will even -- annual interest payments directly to the -- it's easy to get started just called -- -- team at 7816418691. -- deposit is a free program to have -- landlord or property -- -- today and make it that much easier to collect and manage your security deposits that 7816418691. Or visit them online -- -- deposit dot -- member FDIC -- -- a step ahead. As we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful the nursing home -- can judge your financial well being and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home is sold if you find yourself in a similar position in need -- let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing -- Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank and as checking and savings accounts that can provide decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is Chuck Todd and I've been doing business with the leader bank for many years so if you -- in need of a bank with great rates on checking and savings accounts look no further than leader bank -- rewards account qualifying customers get 1% back on Deb it's 10% back at featured businesses no minimum balance required and no monthly fees but that's not all leader banks who missed savings account has a 2.3 5% APY that's 2.3 5% -- it's a great -- presume my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. Or visit them online at leader bank dot com minimum deposits 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. This is a special announcement for a landlords chasing -- only rent payments and making trips to the bank to deposit checks take a hassle out of round -- with -- and leader banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more -- -- -- your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months -- free throw landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold -- it just makes sense -- -- -- -- and learn more call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value -- back a step ahead. These are daily poll question had financial exchange showed duck. Vote your conscience there are just vote go to financial exchange oh god come and test away. Our poll regarding favored airlines start to tighten up a little as 51% of her listeners prefer jetBlue. 10% like Americans. 34%. Like southwest and 3%. Like delta. So far nobody has voted for spear we probably should have included united fares well in retrospect without being the fight club class of I don't. Somebody if it's a great chimed in on that on the sex lines and I'd like American because of the fight and on and run airline. It's. At united there it's like I'm still waiting do you remember last year Tucker and I were talking about the introduction of cargo class you declined the baggage claim for now that's what I price. Network on something there might be dead and yet there are I think I've I'd gladly pay for is 25 dollar ticket and a half price ticket half price chance to get there you know it. As coffee there. Is there we'd that's fruit salad is a guy cargo cap today that's right yeah the cargo cafe I forgot about you know yeah Ron the something. Very strange story coming out of Australia. Wynn Resorts supposedly. Was in discussions to buy. An Australian company called crown resorts limited as the symbol for prime resorts limited to CW. And Wynn Resorts guests wanting to expand their put heart rate the in the big presence in Vegas there now. There in Boston are out to be in Boston when it would open in Boston. June. Right around court yet it's and I think it's June 20 force this and we pulled up and take a look June 23 yeah. So edited reality they had this they were supposedly negotiating. To buy crown resorts and then I think what happens the sort of hearing news that somebody from crown resorts the leaked it to the media. And the whole deal fell apart. Yes a pretty much they were in negotiations with crowned resorts. Crowd announced. Over the exit I'm sorry on Monday. That wind had made an offer on crown. And pretty much immediately after wins said no we're pulling the offer off the table because. We you'd disclosed dispute too early on you and talk to any you know any of us about whether or not you can disclose it. Which. Seems to be odd to us and they gave it something doesn't click here again I I I don't know what but. The story that we're getting I don't think is the full story. Yeah right well work could be a situation where the aussies just didn't wanna sell to the yanks right. And they they may have just taken the perspective. In some somebody in the company Kunis and screw the future. And make sure this deal doesn't happen could've you know but it either way it's that the story that were getting it it doesn't feel like the full story. It. Leave it there. United Kingdom wants another Rex extension. The European low as well as the European Union and we had the last weekend at the European Union business it will. We have another statue of unity year. The European Union seems to be playing hardball with treason. So pretty much here's what the UK wants the UK Teresa may is saying hey we just want another two months give us until June 30 and we'll get this hammered out. The EU is saying. Look you've taken the deal to parliament three times. Every single time you've taken it to them they've rejected. Why do you think you're going to be able to do something better this time so with the US saying his. Know you've got to agree to a longer deal you have to agree to you know certain guidance as far as not interfering in European affairs. You have to you know maybe even consider having an additional referendum or something like that. And the EU saying. Look we we don't want another kind of short term kick the can down the road we want a long term extension on this on on leaving the EU and you're gonna make a decision once and for almost whether or not you can do that. And is it is it possible to predict the eventual outcome office. With any accuracy of the united. In the aisles David this is what now or wanna three years ago weren't referendum poker and worse for three years from when the original referendum occurred we are now. Closing in and two weeks after the original deadline for breaks it to happen. And so it's it's just eat it if you're looking at this in theory. If if you word you're looking at this rationally. You would say you're going to get a very soft breaks it where most of what. Happens right now from a commerce perspective. Probably happens in the future that's it because rationally that's where things are going to land Newton. We know those that in politics it's not always rationality that carries the day. And again British lawmakers the last three months of pretty much voted that they don't want to do anything they and that it. Where in the referendum litmus. Go back to us you know three years ago was in the primary motivation of the people voting proper exit was to stop immigration. To the UK in general yes if it. Like if you boiled it down a be they won by a fairly sizable margin as I understand it they didn't like the fact yet a lot of eastern Europeans moving into Great Britain. In general yes. How's that connection. Realistically if you're betting on how this'll rationally changed it won't neck is that's one of the things EU's said the only thing. I looked at the settlement that's on the table right now that they can't get through parliament. It doesn't add anything to do with him slowing on immigration you pretty you've got this Irish backstop that pretty much is the fact do you EU membership stale. All right well. It's Wednesday. The markets are opened the S&P is up four points the Dow is down 26 points the NASDAQ was up 38 points. Price of crude oil is up 38 cents per barrel gold is up thirty cents and adults. And let's see this ten year treasury bond is trading at 247 that's pretty good for portraits you know if you're looking to buy a house that's not a bad number assi. 247 is the handle on the ten year treasury. We'll be back and if you stay with us it's buried. 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 co lead 776917900. 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 the -- many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent -- living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about -- living your money we can help call 803934001. That number again is 803934001. -- you can download the guide right now at Armstrong advisory dot com. Three suffered a securities America incorporated members in SIPC into my reserves is a of the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are. I'm affiliated hi this is very Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on homework meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender ML customer for Portland to try zero are subject to credit approval leader bank a step ahead. The money matters radio network WB MW lemon polonium and W 275 CMF. Austin 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 merely. Up in 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 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 and you can download for free at our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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. 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Join us on Thursday April 11 for a 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 -- is -- -- -- bank utilizes state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners and its innovative -- rent payment platform -- 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 -- interest in these services is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies -- -- bank is their banking partner call 8776917900. Or -- -- BO leader -- dot com for more information member FDIC equal housing -- Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces do you really want a right to check your former son or daughter in law 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 huge capital gains tax when they sell it there are better ways to own your real estate can protected from the nursing -- 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. This is the financial exchange with the Barry Armstrong and jokes are. You're exclusive look at business and financial news affecting your day you're sick leave your world stay in. Warmed up and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. Earnings season is upon us and it's really gonna heat up on Friday here. The big banks were also hearing testimony today. For bank CEOs. It's going to be a stick it's going to be tough quarter to repeat the very good first quarter earnings season when he team and sure we can replicate that in 2019. Rosser a cover story as it relates to this. New trade war. That is being investigated as a relates to two the United States vs your piper but it's buried truck with you here. On a Wednesday and I think we should probably start off with earnings season. If it really gets that going in. Full board next week as you mentioned. But death Friday it'll of these banks that will be reporting. Yea got a lot of the banks and kicking things off fear. And so obviously as you mentioned the expectations for first quarter earnings are muted at best were expecting to see. Four point 2%. Reduction. In earnings compared to the same purity year ago so actually contraction in the amount of profit the companies are making. And F if we take a look you know later this week. On Friday we've got JPMorgan PNC and Wells Fargo all of them are gonna be reporting. And then next week we really start to get busy. In terms of the number of companies. That are going to be reporting starting with more banks you've got sitting Goldman Sachs on the fifteenth. Continuing down the list Bank of America on the sixteenth along with black rock so heavy financials at first. In any getting some of the heavy hitters IBM Netflix or next week United Airlines is next week. Continuing down the list and just gonna go through the full week here just a look at some of the big names that are out there. Slumber Jay reports. Keybank reports Nancy get a few other big ones that are common then and then really it's that following week the third week. They're the fourth full week in April is when everything really gets in the high gear that's we've got tonic companies reporting. With the market seems to be. You know it's had a pretty good first quarter rate I mean it we lost a lot of money in the fourth quarter and basically made it all back in the first quarter and went. Yeah we've we've made it all back and then some OK in terms of you know at least in at least the way I'm looking at it from from a full year perspective last year. Yeah there's a lot of people out there that lost anywhere from you know three to 10% depending on how they were invested. And over the course of this first quarter you've been able to make that back in some additional gains were still not quite at the all time highs we get back in late September. But we're within sniffing distance there. But if some of the data still not looking great you know it's I I wonder if we're starting to see a little bit of a turn on the jobs side of things to be honest. We mean. So. If we take a look at. The last couple jobs reports and also the jolts report that we got yesterday. Jolts reports showed me you know decline of 500000 open jobs sees it and says okay that's new kind of a significant number we'll see if there's anything to that. But the other thing that you see here it's kind of interesting. You're you're typical leading indicators on the job side of things you think about you know kind of where growth comes from. Sure transportation. Manufacturing and retail the account of the three early firing signs of pay when things are going well that's where you seat you know hired happen. All three of those had declines last month yes that's that's how is that you think that's why the president so concerned about interest rates. Couldn't tell. Couldn't tell you but I but I can tell us some stuff out there that what looked great on. You know the hiring side of things not saying that you know you're gonna see things ballpark but you know that those. Things that just bear watching you know you think when you see all three of those areas fired negatively in one month geeky kinda look at and say hook like that that those are the growth areas in an economy like. If people aren't buying stuff aren't shipping stuff and art making it. What do we do when. What did you make of this jet terror threat from the White House this relates to the EU kind of the same thing you made of it. You know pretty much OK we'll believe it when we see it and you know like if they walked back right the White House kind of walked back afterwards yeah. Yeah so I I think it's near kind of a lot of talk but it I don't really see this as being something that's gonna be moving forward in time. News the I don't think we have something about Boeing and or stack here but it. He almost wonder if it was some kind of a defensive measure to protect balling a little bit. If could be every honestly we don't we just need that much help. You really don't you're not that concerned about about what. Bowling in the 737 Max now. I am eight you know why. They have zero. Room for error is zero march well nobody they cannot have another object ever. We'll know at some point they can. While away at how laws like it's another save another Boeing jet comes down before another scams that. It has sold to manufacture or to let it depends what type of plane it is and why it comes down you know like the these things do happen. From time to time like if it were something for example do you member of the Singapore point air Singapore plane that crashed in San Francisco a few years back. I was pilot error well exactly so late. Okay doing. You know that late does that count as a plane coming down in alone on talking about another. News. Mechanical malfunction. Part of Boeing jet the F brand new jets crash. In in again it's it's so rare that these things happen lake whit when do you think the actual last mechanical failure was on a Boeing plane that led to fatalities. Well wait I know it causes. October Aden in January would. Prior prior to the prior to that oh OK I don't know if that would that was actually related to the construction of the plane. Gives you the southwest England last year where abuse the window blew out yeah which was an engine issue. So they you'd go through and you gotta go back it it's like 25 years the last Boeing plane that actually. Evan Bayh and more. Have you. Yeah okay it's really should buy some more today is down if if you looked at 370 really love that it 364 you know it's it's just like this is the kind of thing that. People like overreact to in the short term all I know it. Lot of times you get burned do. It the to the going to our poll questioned. He is asked this in the first hour actually or surprised that the results. We asked our audience what is your favorite airline 55% of you like jetBlue. 8% like American. 24% like southwest and only 11% of our respondents. Like delta nobody likes spirit the spirit to spirit has not got one vote about somebody vote for spirit and acres somebody's got to. Experts are you wanna give me like you know pity vote. Jury of eight exit I feel bad. I've never flown them. So if if people in the me wouldn't feel bad for the okay. Very you can vote on our poll by visiting our website its financial exchange showed a comic and Texas a few thoughts on this subject. Our tech's number 63566. Bank of America what a coincidence or giving testimony today in front of congress and yesterday they announced it or lift our minimum wage to twenty dollars. Good timing is net at the same area into you know it's a wide and you announced this earlier this year you know what's changed in the last three months. So yeah that they've announced that over the next two years they're going to be bumping their minimum wage up to what twenty dollars an hour. Starting in May they're going to be bumping up to seventeen and so yeah this is something that I think they had to do anyways. But probably right I mean what kind of an employee. It's a bigger repaying their bank tellers when he box now. Yup and in and I think that to be honest they're feeling a lot of heat because let's say and I don't know where there minimum wage was it was at fifteen before. And so to be honest if you're fifteen bucks an hour but you have all these retailers that are creeping up towards and some even north of fifteen. You're your your facing competition there in in losing some of those workers potentially are there any tellers laughed. There's some you know there's there in that there's some I mean you can still go and a good way to mystery in the you still haven't branches the other they're still kicking around so it like do you still have bay America still poised over 200000 people. That's amazing you know and in a lot of them are low wage. Bank branch workers you know that's that's what a lot of them are so. It it is a case where I think they have felt the need to raise wages like this twenty dollars an hour in many parts of the country's pretty good weight. Are you talking if if you're working a full year's schedule you're just north of 40000 dollars a year. It does sound like much in New England but you go to Kansas right the year at Iowa or Indiana or places like that that's out of badly no it's it's a pretty good wage actually for you know a job it's not high impact on the body or anything like that you're not working and Amazon warehouse or something along those lines you know it's it's a pretty good wage now. It's probably not as much it really it's definitely not as much as you could make. If you wanna do some physical work and trying to get into the trades mean we've talked about how those salaries have been rising significantly. But if you're saying hey welcome for whatever reason I don't wanna be in the trades him maybe you know someone who has their bodies beaten up and he's ahead don't want that to be me. Twenty bucks now or it's not not a bad way to make a living. No not at all at any rate Bank of America go to Tony and I would think the other banks are gonna have to follow suit that I would imagine pretty it's pretty shortly. How do you run a branch for JPMorgan if your pain fifteen in the teller can make when he over Bank of America yeah exactly. Are coming up we're talk about the Fed were also a place of trivia that's next on the financial exchange. Short little tour and. Business and finance its financial exchange with Barry Armstrong and chunks of 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 windier eighties you better have a plan for your retirement savings if not you might outlive your money hi this is tux out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and ask about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com to. Resorted to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna write a check your former son or daughter in law in 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 it can also create huge capital gains tax when they sell it there are better ways to own your real estate can protected from the nursing home. Keep it away from your children's creditors avoid probate and not '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 day with zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we'll 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 for all landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you'll have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set 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. There is effort to secure -- American corporate members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. The financial exchange. His coal overrule then and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. Gasoline prices are rising but we've got it covered we're gonna give away a fifty dollar gas card to the eight listener. Who gets the answer correct to the trivia question we're about to ask our text number 63566. If you want an interview with us. This week in the year 1945. President Franklin D. Roosevelt died in office and was succeeded by Harry S Truman became the 33 US president. We'll be asking trivia question about president Truman what military position was Harry S Truman promoted to in July of 1918. Again you know the answer that question the eight listener of the correct answer text number 63566. And for those of you who are new to playing true you have to put my first name it's Barry before the number of 63566. So truck this afternoon the Federal Reserve will release their meeting notes for the month of march. And it's going to be around 2 PM would you expect to learn from those notes and you'll be reading them as well. Yeah I think that the biggest thing that I am curious about to be honest I think we have a pretty good sense of Mir kind of what the Fed wants to do as far as interest rates. You know they pretty much said they were not really doing anything else this year unless the situation changes. But what I'm curious to see is that they've been going through this balance sheet Ronald and you know for for people who are familiar with the Fed back right after the financial crisis and for about five years afterwards. The Fed started buying up US treasuries. And also what are called mortgage backed securities that be a pretty much are backed by. You know mortgages they're they're exactly what they sound like and they ended up buying about four and a half trillion dollars worth of these assets when it was all said and done. And starting about a year and a half ago they started selling some of this off they said look. We don't need to have these anymore to keep rates low. We don't need to have these anymore in order to maintain demand. We can sell some of these off on a monthly basis and they sold off about 500 billion dollars worth of these so far pretty significant amount like it's it's not nothing. But they bought so many they still about four trillion dollars left. And what I'm curious about that kinda guided that. Hey we might be wrapping this up as early as September. Uninteresting if we get more guidance on exactly what the wrap up of that looks like. In what composition they might still continue to hold like they still wanna hold all these mortgages that they want to. You transition maybe to more treasuries. I wanna get a sense of what they're doing with that. On so that's kind of what I'm looking for more than anything else. Because we're hearing that the spring real estate market's pretty hot pay the consensus is if you talk to real estate professionals. There there it's like a couple years ago revisited I think last year slowed down a little bit because of rising rates. But now. I think sellers who maybe missed the voter you know had lofty expectations in seventeen and eighteen are saying hey this might be my last chance. So when I'm curious about it is. Unity a pretty low mortgage rates is this the chances this kind of like cool and at the last chances for the millennial generation to get into homeownership. All of it's it's never going to be. Like the last chance you mean like houses are gonna go away after the spring now you know it would you hear from your friends though and he dear Abby. You know because you you and Tucker of that generation is this is there a sense of urgency to get invested in housing. More than last year and Tucker related are you more anxious this year than last year knows no difference. They like it and it's not like how your older now Tucker he did. Yeah now so I'm not gonna force missile went to house at a bad price. I'm going to be Smart about it you know they're gonna keep building houses. More than I don't know may feel the bullets or an rowboat there into the houses oldest LB guy that the. You know you see so much of track and just think about the town you live and is you don't see so much new construction as you see either renovations or tear downs of these homes or built in the fifties and sixties. That tear downs are just incredibly popular Spiezio in. In these. You kind of concentrated suburban areas that are already not fully developed but at least we have developed as much is the town's wal I'll. And so what you see is a person comes in says that I have got one right down the street from me actually they're selling off. It's an old. Maybe it's either two or three bedroom cape it's maybe he'd be a 14115100. Square feet. And you go right on the still listing its pay a great opportunity for re development. You know it's OK by this for you know 300000 knock it down and put up a new house for 600000 it's twice the size. It's her right. No I I I get the sense that bats we and that's just one pocket yeah I mean we're hurt our our mentality appear in New England is a little bit. Different that it might be seen Arizona or other parts of the country Kazaa and oppressive countries still have pretty good home construction and use the land is cheap. They get you get cheap landed in also you know it it's a case where a lot of the other via. You do get out of new England and there isn't it sounds snooty to say this but. There isn't the history there where you know someone can't say oh yeah my family's been here for 200 years in the town you know has always been the same. You got to the middle of nowhere and arizonans like OK we never had a town great let's put a bowling Alley up like Yahoo!. It is just a different mindset when you're not you're dealing with 300 years of history in some of these towns. But I in and out in Arizona what they'll do so say OK you and bill 3000 homes we get build high school to yeah. Yep and that's that saudis the general there and you got to put in sidewalks and yes like they they make the builders. Built you know put the infrastructure in place before the it was permits which is Smart. I think it is. You know leave the the problem in the east is you know the cost of construction so dark. Yeah whether you're talking about you did just acquiring the land aid to begin with near kind of premiums smaller homes from being built. On top of that you then have Acosta regulation which is significantly higher and then you get because the labor which is higher as well you know it's it's just it's Hoff. If you're near and it's not even. In East Coast thing it's just if you're near any big urban areas specifically kind of one of the top near twenty in the country a look at San Francisco the FB. You even look at you know you go through the list of places that used to be if were all tell you where my parents live down in Raleigh Durham. It's not the value it used to be. You know I remember. They're very desirable area that's a nicer what is the people. People like that today you know people you don't have the harsh winters. And you know it's very affordable for especially for Yankee to moved down there it's not anti war. You you'd be surprised. In in terms of buying a home it's still cheaper when you talk about cost of living on an annual basis it's still going to be property taxes down the the property taxes down. REIT. It's still cheaper there but the homes that ten years ago you can buy for 200000 say while I got to mansion for 200000 is a great. Not anymore they're not going for cheap anymore you know it's it is it's it's not as expensive as the northeast. But it's it's a lot closer than it used to be Colorado is another area that's kind of gone the same way. Everyone always used to say oh yeah Denver and boulder you get great value out. Not anymore it's you get a great quality of life in Samir ongoing expenses are cheaper but you don't get great value for real state anymore. Very interesting about it the the other we have to remember the Fed controls the overnight rate. And they have influence over the long term rates but really it's the public markets that determine what that ten years trade unless the Fed does more quantitative easing. Now hopefully he's thinking of the appetite for that nearly is there any need for that I think it might be coming really know him and that's that's another story that will wait to cover up next are we talking about American Airlines they're trimming there unit revenue outlook. Which is never good news. And we're gonna take a look at the poll results don't forget to vote on our poll it's on our website financial exchange showed dot com what is your favorite airline jetBlue American southwest. Delta. Maybe it's Spirit Airlines go to the poll will take a look at the results when your turn. The financial exchanges and live on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law just a buyback your own home. Tom let's do. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to own your real estate 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. 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 day with easy round leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Amazingly there are studies out there the same many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you'll have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now at Armstrong advisory dot com. There is effort to secure his American corporate members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step ahead Perry are strong here and I'm joined today by Todd look ski from the law firm of Cushing and Dolan. And worked talking about note 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. Todd what a question that comes up quite often is what are the implications. Of transferring your home to your kids in order to protect it from the nursing home. Yeah that's one of them. Worst things you can do makes my key which line really bad because. One you've given up control over your home two doors anymore. It and that's not a comfortable feeling of my client or to live there. Two if you wanna sell you can't snot York if you do sell where's the money go to the kids. Nevermind all that there's a huge tax implication that comes from this even if your kids are great kids right. If you much year. Ago thirty years ago you probably paid a little for now it's worth a lot. Right and you give it to my touchpad sale was tax free when soma house's tax free except it's not yours you gave it your children this example and that's the problem. And then you give them your basis. And if you give them your cost basis all that built in gain. It's gonna be taxed to the children so that's the tax probably you don't get that tax free sale when you literally tear kids you don't that's a big fight. So I mean right there if you have given it to them now are now even if they agreed to sell they got to pay the acts that you don't have the money you hope they give a few and then there's the 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 estate column 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 chuck soda on the financial exchange radio network. Our trivia question was what military position was Harry S Truman promoted to in July of 1918 the court cancer was. Artillery captain. Who knew the answer that. Willie answers that the winner on that was Robert from sandwich and Robert takes only fifty dollar gas card courtesy of the Armstrong advisory groups and congratulations to Robert from sandwich. American Airlines group lowered unit revenue expectations for the first quarter. As the government shut down and the grounding several of its aircraft including 737 Max planes we need on its results. Yes a companies do those two factors there Rania the 737 Max is really only been out of service for American for two weeks out of the first quarters that suit him relatively small chunk but it still having an impact. Now the government shut down obviously affected a little bit of their transit you know around the country. But you know in general. You know American here instill with in the rains that they'd guided towards previously but just towards the lower end of that. That you know they were kind of projecting. You know the the 737 Max allowed people are saying no it's not a big deal but it was represented about 2% of flights and so. We knew we you know you look at taking. 2% a year planes off the market. It has an impact in as if it's something you didn't plan for back last year. You in the first quarter he settled up all these news new planes Arsenio a lot of money on fuel in the critical faster customers are going to be happier. Austin you lose 2% of them at it's gonna hurt and give it a mark on. In in the big thing it's not just the planes that you have there. But it's also the fact that okay now that you don't have these planes going into where they're supposed to be it creates this entire kind of cascading effect. We're now you've got to get another plane somewhere in order to be able to fly a flight. What's your favorite Joker truck favorite yogurt and I've always Parse the Greek yogurt. Me too thank you get a flavored energy unit that played out the points that may with a little honey. You know that the honey I like it there you can add your own stuff to. Yeah or I. I make a lot of Greek food so a lot of times Alina just used to nicks and other things you know so all. I'll use it BO in other foods that are making and stuff like that on a pretty regular basis so. You know place of sour cream no silly you you can make actually like some great sauces with either feared you know mixing in the likes of fed cheese and some spices and stuff like that. You can do some good thing on that good things on that front. You know it's it's pretty versatile actually what you can do. Just that the average American supermarket now carries 306. Different Yorker writes. I I knew what was a lot but I I would have guessed like fifteen not 306. It's nuts. It's crazy it's been in the Greek yogurt craze has a lot to do with that that's kind of where you've seen a lot of the explosion. In terms of the variety in different types of yogurt that you're seeing out there it is pretty good like I I eat I eat shall Bonnie yeah. Or whatever get by today. Plain or creaky over the problem is if you get that flavored yogurt it's full of sugar it is it is have you seen they were talking about in this article in the Wall Street Journal this Icelandic yogurt known is at six year might be how he pronounced it I haven't tried it now I haven't even seen it but I ever really looked. But it's I'm I'm curious because apparently this is one that you know has even less sugar than traditionally ogre it's. And so I'd be curious if that's kind of the next big thing it looks like it might be. Icelandic style yogurt group twenty person 23% by volume in in the past year. Now it's it's coming from a small starting point so it's me it's not like he was very popular to begin with. But I mean just to see if that Buchanan becomes the next big thing in new helped them. We've got some big news Spirit Airlines is getting some votes in our poll today jetBlue has 50% that means 50% of our listeners. They're favored airlines jetBlue. 8% like American. 24%. Like southwest 11%. Like delta. And 6% like spirits -- accident they got a round trip ticket used to Fort Lauderdale. On spirit out of Boston. And it would lose 200 dollars vs 700 dollars on any other. It and that's the attraction of spirit is as long as you don't wanna pay. Again Spiro even charge you for carry on or selecting a seat or anything like that up so long as you don't wanna pay for any of your pretty much just traveling with him got one bag under my seat and that's it. It's a great deal if you're if you're with the Fam we're you need any kind of frills at all. The price quickly adds up pretty close to what other airlines are but hey if all used to doing is I am going to visit you know my at my parents for a weekend and I'm just bringing a quick baggy clothes. Yes it's it's not a bad option for you there. Having a sound plan for retirement is one thing executing it is something else and if you don't plan properly. Your money might not last as long as you do hi this is Barry from near throw advisory group. We've got a new guy at this month to help you protect herself injury and come and keeps that worst case scenario. It's called five steps to help you bought Al leave your money. In Indy you'll find course strategies that are critical to managing your wealth so it last throughout your retirement which for many people today. Could be its August 30 years. Call right now 803934001. That's 803934. Zeros you're winning get this guy today. You can also set up a free consultation. With one of our advisors. Who can walk you through this complicated process step. By step take the worry about living your money. Call 803934. Zeros or one or download the guide right now at Armstrong advisory. Dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So what is the most. Frequently asked questions. That Americans asked of Google. As a relates to their finances struck. Yes this was a a the piece of information that Google put out in terms of the most Google personal finance questions specifically the ones that start with. How to save for blank. And what they found was the number one item there was how to save for a house so people looking to get into the housing market. From their how to save for retirement so both those people are trying to do some big ticket response. And he's deepest get a lot of questions like that the talkers the producer of the show. T get people that'll call into the show or send in emails say hey you know twenty years old and Elena how safe for house. A the occasional text message the last tech question but it's pretty error. I gets out of Brazil last are received stuff like that you know pat I do to play I get a lot of my nieces and nephews asking me yet. How eerie it does something it's hard to convey. And even with my own kids and I've eve it's. You have to live within your means you have to live. If you wanna save money for a cure with the saver for a house or for retirement for car college wedding whatever right. Used to live like you or work. That's where rich people do yes the rich people live as if they were pork and that's why they're rich because they drive crap deal cars. Get Fonda made fun of because the beetle. By the most fashionable clothes that don't go out to dinner very often right that's a big tree just to go to dinner yet they they live within their means that's how the that's nice save money for any purpose. You I see a lot of people when when they talk about these things where it's kind of like oh I get a raise now making 10% more than I'll be able to save. And it's kind of won't know lately it's not just that you'll suddenly just come into wealth and it just happens it's. It's a decision that you kinda have to make every day as far as you know debt that savings. In the best examples that I site can't remember who said it was I saw this in the last like couple months or so. But it's give the people that are wealthy and I'm not talking like the super wealthy that are jetting around aren't you know planes and stuff. But the people that are new really wealthy but have worked you know blue collar jobs. They're the ones where you don't see either one is you you are you'll see their bank account that has 500000 dollars. But then you find out that they owned seven triple deckers in Medford exactly they get it in and then you. And then you look at their car to drive and a fifteen year old car yet they got there aren't re younger means the you know they got shirts that don't fit them and stuff like that. A shop at the Salvation Army yet and you kind of get near like. I don't know what makes sense actually but you know everyone always thinks it's us the person driving the BMW know the BMW's probably at least you know I think that BMW was not own do you pay cash for most likely. It's the people that are driving you know the ten year old car that's a little bit beat up. But hey you can't see that their savings account has to wonder grandin that the the same for the next purchase of a rental home. And the ones that I see that struggle the most struck the ones that grew up in fairly affluent council's. Yeah you can't it's it's the people who you know you get used to a standard of living that you had as a kid. Mom and dad used to take him out to dinner twice a week so they feel like they need to take choice gaffe it's it's you have to again it's you're always in cost cutting its like running a business you know you're always saying okay where can I. You know cut cost where can I save more money it's it's the same thing. Coming up to be talking about apples they were downgraded to sell rating. By certain investment bank will talk about that and with the future of apple holds also were take a look at oil production. Why are prices rising so rapidly in the next segment you'll find out. How. And includes. Every child in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home. If you're not careful the nursing home stay can judge your financial well being and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in meantime let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show on will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. 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 look no further than leader bank Zuma rewards account qualifying customers get 1% back on Deb it's 10% back which featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- savings account has a 2.3 5% APY that's 2.3 5% and it's a great -- presume my customers if you're searching for 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 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 bank 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 financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get to -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about -- living your money we can help call 803934001. That number again is 803934001. You can download the guide right now at Armstrong advisory dot com. Securities -- with the securities America incorporated members and as a PC into -- -- -- with the securities America advisors incorporated -- -- representative Armstrong advisory group the securities -- -- companies are unaffiliated are you thinking about transferring your home to your children in order to protect -- from the nursing -- did you know that if you do you -- -- risk for your children's creditors including future divorces you really wanna -- -- -- your former son -- daughter in -- just a -- your own home unless -- partner with -- and -- and host of the legal exchange radio show once you know that not only -- transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to -- your real estate you can protect -- from the nursing -- keep it away from your children's creditors avoid -- and not because unnecessary taxes get -- guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best -- -- -- different types of real -- call now for your free -- 8668485699. Or download your -- immediately by visiting legal exchange -- dot com don't put your -- -- -- 8668485699. Or log -- to legal exchange -- -- job. Securities offered to securities America ain't members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. We will talk about apple eventually but I didn't want it just mention. List. Their shares are down six point 8% today check sixty to ninety what do you make of us and that's this thing. Has not. The state did you getting calls from listeners inclined to wanted to buy their counts yet I got people buying it. We need to buy and it like if they wanna buy you buying it right they'll put it facilitate the if they want an unsolicited trade but the click what do you make of this I mean hey it's not much they didn't report earnings that are very soon I think at the end of April. I don't make much of it means the first five or six days of trading no you can't judge an IPO based on how things go you know even over the first be a couple months or so you know there's. I go back to get anybody to wait like six months to a year. And yet at even like a couple of years to be honest you know like. FaceBook was a garbage stock for the first nine months. At some you know I think about the people loose ball when it went down only twenty bucks a share seventeen yeah you know it's so you know face look at it now I'm not saying lift is going to be FaceBook. But there's other companies I mean you can look at as we go pro is an example. Go trophy take a look at the charts on them when they first IPO road. They went from forty bucks is 35 bucks a share on June 27 2014. Six months later I'm sorry no. Four months later they were 85 dollars a share. And today they're six. So you know it it takes a couple years it wasn't until really 26 team. That you started to see the real go pro show up same thing if you take a look at FaceBook I'm just pulled up the chart from when they IPO which. By the way if you wanna feel old the FaceBook IPO. Was seven years ago now thank you for that since been years ago. But so FaceBook you know and IPO demonstrator 127. You talked. Even a year later in June of thirteen it was still only 24 in that it wasn't 2014 and fifteen that it really took off select. It's a two to three year process to see what companies really going to be once goes public. Well and and these companies are different we've never seen them before. The FaceBook nobody ever seen before. No we've seen a company like left yet before companies that have broken the mold as far as you know paid to new business and they have questions to answer FaceBook. Answer the questions FaceBook question is taking you get in the mobile candy. Yeah no problem we got that figured out the lift the question is taking you figure it had to be profitable with drivers hey you know what else he gonna do aside from just driving people. We don't know what the answers to their area so it's it's a high risks doctor mean there is. I'd say there's a greater chance that with any company that starting out like this there's greater chance they failed and they don't. But it's it's the promise of pay could they be that FaceBook that that gets people excited about. We knew eventually would get apple but I did wanna mention oil trading up 31 cents a barrel we're starting to find out who's doing the production cuts. OPEC production fell by 534000. Barrels per day but the bulk of those cuts trucker coming out of Saudi Arabia. Saudi Arabia and you're also seeing Venezuela with some. I I don't think intentional cuts but more just you know but it definitely got it etc. it's it's just. Well we just can't quite get it out of the ground because we can't pay anyone to get it out of the growth cuts by socialism goodies got to eat a good way to describe it. So you know you you've got some real problems there but yes Saudi Arabia taking almost 325000. Barrels a day off the market. And so what you're seeing now is that oil prices. As you mentioned now north of 64 dollars a barrel. And since the start of the year. I was I was tracking this the other day. We've seen gas prices on a national average rise from about 230 gallon to 276. Which isn't seem like very much given the price increase in oil does. The key thing about oil with what we're down 37. Yes somewhere in that ray but that was very brief and of that though that was a pretty short time to show is that a lot of the cost is we're fine. You know a lot of a lot of the cost related to gasoline is finding a lot of cuts taxes transportation. Transportation of it at me. We week you think about how we transport gasoline that's kind of NC. Yeah right you know it's a really the trucks gonna come by and drop it off at the station you know it's like. After driving 65 miles an hour on on 95. Right it's is it. It is interesting that that's the best thing we figured out of this went. Nuts Hague I guess that's just how it's going to be for awhile. Maybe you get electric cars of the story you slap it always comes back to you laughed I've been kicking it around as my next one. You know what we're trying to you look at and I'm not so I'm not looking at a pure electric just gives them I'm not there on kind of having to charge it and everything like that. But haven't poked around and Honda Insight. That used one I don't make those that make them they they re wants them last year actually. So it is a hybrid it's it's a hybrid so it's pretty much based on their civic chassis. And so it's a hybrid to about 55 miles a gallon somewhere in that ballpark. It's a smaller car which I and the like just Zoellick to beat Buchanan nimble Windham get around town and everything and most of the time here in the car by yourself yeah I am in the car by myself so you know this for me would be about a 120%. Increase in fuel economy and it and that's the big thing for me is I'm looking at this from the perspective of and I wanna save money on gas to be completely at ease your growing up I don't always I don't like I don't like one bit. But I'm worried the big differences that you eat. You right now you probably go to the gas station twice a week. Pretty close enough. You're one of those cards you Beagle once every ten days yep so I'm I'm I'm kicking around going that direction zone I'm not there yet it and I still on and actually put a new clutching my car this weekend so finally had to replace that but once that second clutch goes. I think I might be moving away from the witness Hoover's and towards hybrid. Apple shares downgraded by each SBC on concerns its hit it in two services what how lower march ends. What you think of apple VH SBC's one bank. Downgrading apple shares are moving on the news. Yet it in I think the reason why they're not moving so in HSBC's note they say that Apple's too late to the game on you know the move to services sales which I say well HSBC's probably a little late to the game on this downgrade the united I think in the fall was probably pay like. This isn't new news now that Apple's new doing this might be a little bit late here. I also wonder. You know we've been through a couple of these cycles before with the iPhone where. For a period of a year two we kinda reach peak iPhone demand. It is the of people don't place. And then eventually we get to the point where it's okay we got to replace again NCC the stocks surged again so yeah I don't know if I'm willing to rate the iPhone off permanently I think you probably hand. Until next fall is being paid growth engine for apple. I'm not going to write it off permanently just because I've seen this cycle before with apple and I'm not. Sure that you know it's that the iPhone is don't on the way analyst. Want you to leak could sure use it's a kind of the AD some big announcement on the iPhone to inspires sales 8530. Something something that'll get guys like me traded their three year old phone. Folks that Dow is down eleven points the S&P 500 is up six points and NASDAQ up 36 points. Russell 2000 is up thirteen points and hurdles up to when he sent to pearl we'll see you tomorrow right here on the potential extra.