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Full Show 4-11-19

Apr 12, 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. We are seeing reports that Cooper is going to go public in the first half of may. We'll talk about what price you should anticipate paying for that stock in the event that you wanna buy it. And there are take another look at lift out their shares are up today but my gosh are down pretty hot quite a bit from their high. Good morning everybody it's very truck with you here it's a Thursday and I'm fascinated by the information we're learning about who Burton looks like truck there pricing the valuation. Somewhere around a hundred billion dollars. Yeah that that seems to be kind of where things are being guided to at this point the the last round of funding that who were raised. Was it be at a valuation significantly lower than that about 76 billion dollars. And that was back in 28 team when that was completed this represented you know about a thirty to 35%. Premium over that depending on exactly where. The valuation ends up here. I know that a lot of the under writer's work. You know talking this talking it up in the Wall Street Journal back in the fall saying we think could reach a 120 billion dollars in valuation and what the incentive for them is obviously on a bigger deal. They're gonna get more fees when it's Olson and so it's. It's pretty clear there but get seems like it's going to be somewhere in the the range of a hundred billion dollar valuation. What kind of fees are they collecting some hours 356%. In that ballpark it's gonna depend I mean it's it it's on negotiated BO on a one for one basis of this. In the standard historically was kind of in that 5% range. For a big deal like this. You know it's probably gonna come in a little bit lower just because he gets into big dollar value doesn't see him do it it's still an add up to billions of dollars when it's all said and on. And there's so much competition that you know you might have a little bit of a price war going on when it comes to fees. You've got a forty to 55 dollar price tag on the stock which is actually a little lower than lectures correct. On a per share basis yeah I mean that the person that cost per share doesn't really matter when it's Olson Don what are they raising ten billion somewhere in that ballpark. It's it's can be a pig chunk of change I mean this is going to be one of the biggest tech IPOs of all time. When it's all said and done and so. You know you you go through some of you know that the hotly anticipated. You know really the the big ones when it's all said and done. And give the five biggest that you had in the US okay. This is gonna be smaller than all of those so Alibaba was the biggest ever back in 2014 they raised about 21 billion dollars visa back in a way to remember all the excitement about that it was working down in new York at the time. And they raised almost eighteen billion dollars for that. Facebook's on that was dated sixteen billion Bakken 2012. In GM when they re IPO in 2010 was fifteen point eight billion. But this is gonna be you know again it's it's in the conversation at least kind of you know your your biggest IPOs of all time when you talk about the amount of capital they're going to raise here. It's it's going to be in kind of that top fifteen top 25 range. I'd be curious to see how the stock response on the public offering. Now if they're raising ten billion that only covers about three years worth the losses right there are they losing about three billion a year. Yeah that that their illusion a boatload of money and you know it's it's not a while actually. So they lost 3.3 billion dollars last year. Eight. I don't know how much you can read into that they had some acquisitions and things like that and they were still kind of cleaning up a few things my guess is it's still that 2.5 three billion range you know kind of what you'd expect them to be losing. But it's it's they're losing a ton of money in that's not gonna change in the next year to. What question I have been in and I actually wanted to pose this to our audiences the end. Should be. Poll question is would you pay 20% war. To use Hooper and list on that a vote on that right now he is go to our website its financial exchange showed dot com. And on and vote yes I would if I. At this point I've become very dependent on that service it's very difficult I don't know how you guys feel about it but it would be very difficult for me to go back to. Walking out of the street and raising my hand trying to flag down to have four. Calling my local global limo company opened a show up 6 in the morning to take me to the airport. Yeah I think if if they were charging 20% more than today had probably still use them but at a reduced frequency. Why. Because going to just an alternative well given what we do uses an alternate. I'd I'd take the train more right eyed look at cabs more at the idea that I drive more in park more to be completely honest because it 20% more. You know for me at at at the moment for me to get from my house in two. Kind of the downtown area. About thirty dollars okay and so if round trip then if I'm gone from sixty up to kind of 7075. Yeah that's a ship that's an extra 1015 bucks hey I'm I'm I'm gonna think about whether or not that's going to be worth it to me. She most that time I'm using it's for airport runs and I would I I can't imagine changing though. All the all the lifts its rights are going to be now moving over to central parking did you guys know that. Yet there it it's the whole project yet it's like it it's pretty much I think Massport trying to bring some more money out of parking when it's all said and done. Well if it's also I think the traffic congestion at the local term sets it just doesn't it. If you if you've seen does terminal B coming target and and determine the. Yet I think it's an excuse though you know it is one of the big things that you're seeing from a bunch of airports have been at a lot of reports about it. Is just about all of their parking revenue was down in parking at most airports and makes up. Anywhere from fifteen to 20% of the revenue that they actually generate and so. They're trying to figure out hey how do we get this money back and I think part of it is they're gonna try to inconvenience with the new for drivers. Well today and he did you view. You come in to TV you know some of those terminals and you have to walk over to Central Park in order to get here ride that'll locked. Well it in that's I think if you can go outside and it in you'll notice that while they're doing it for lifted new over. They're not doing it for cabs well they're not no. Way it's cavs aren't the problem cavs aren't the ones that are eating into the parking revenue. America. I didn't know that part I do know that taxis were gonna have that and that's actually good. It took the taxi industry at that because people will say. I don't wanna walk cassettes a long walk anywhere it would deer with Charlie coming tech can be darn long walks fishy if you got heavy bags in your home behind we have definitely. So at any rate would you pay 40% more to use looper let's that's our poll question today go to our website financial exchange showed dot com. You can also text us with your thoughts on that topic. Are tech's number 63566. So lift. Eight years you're still not the Europe concerned about the decline in the shares from their it would be hit as a high like 8085 dollars a share. I think it opened actually around 87 somewhere in that ballpark mayor today where at noon 61 Irish we're somewhere around there so. Concern from from what perspective I yes. I just you know. Great what a stock goes public cute generally if you loaded up EU you want it to go Penn valley greatly if you buy it at the IPO. You're you know you look at Alibaba that was pretty much a rocket ship when Hewlett public. So in in general outlook obviously wanted to go open even Alibaba so they went from that eighty bucks a share up 2115. But then the next two years after that they went back down below sixty yes it was kind of a tough putt again if you're early investor and Alibaba. It took you almost two and a half years to to make your money back to where you invested so you know in the case of a company like a left. They've that they might struggle in the short term Liggett I'm not saying that they won't but I don't think a bad first week. Says anything about whether or not stocks gonna be a good one or bad one in the long run. Based get a grip text based it was hot garbage for the first year and a half that it was a publicly traded company. And every one which is they you know how many people arsonist in awe gee I can't believe I sold a aborted at 23 nicely edited 27 why did I do that. And you could some of these other ones. Go pro almost doubled and its first three months. And then it's been hot garbage since then so there's not really you can't say odds done well the beginning so it's gonna be a good company. Doesn't really quarreling. Good question from a listener here chuck 63 asked that question. Can you please explain how looper and lip with almost no overhead can be losing so much money. Get that is the simple way is that we've that they're so draw so much drastically cheaper then all of the other transportation options out that you compared the cabs limos just about anything else where you're getting in a car by yourself not on a bus or train. And there are a whole lot cheaper. In the way that they are doing that is not because they have a better business model where they're more efficient. It's because they've largely just been subsidizing those lower fares with huge capital infusions from wealthy investors over the last decade. Wildly but think about it this story let's say they charge fifty dollars for a ride that capita charged eighty dollars. Are they still getting 25% of that fifty dollars. We have they lose money on. How did they lose money into the drive. What what he means take. The driver lost the money right not the not list the they got twelve dollars and fifty cents off that fifty dollar Bryant went of the that the driver made money. Lift lift loses money on every ride that is taken on their platform right now. Hey Betty DC speaking understand where where the question comes in by the UV driver who were giving tax questions from drivers for lifted and they're saying. How can they be losing money because they're still. The ADB. If I look at the drivers the ones the losing money because they're getting 37 dollars and fifty cents numbers giving twelve dollars and fifty cents. Oh where's winners news. Winners the loss of money for for. Well it it's not for you like where has this whole platform they run the cost them billions of dollars each year. Late in the old employees technology. Yes. Look at that that makes more sense. The is anxious to hear a lot of people that are listening to show our numbers disorder moderately drivers. Chiming in with their thoughts on that topic to forget participated carpool would you pay an additional 20%. To use Hooper left I would absolutely play. The 20% but now that I know that I can get taxi right outside terminal B. To name my thoughts are changing. You think that makes a big difference for apps for me it absolutely. Has terminal B you have to watch for will be. Eagles at all it's a central parking I guess it's I've. I'm not so enthusiastic about in your immediate. Dropped off your flight at central parking well maybe you'll just have to while change would airline like united terminal B. Maybe a handicapped as you know if you. Rate you can drop off hours to get one of those stickers pretty hard. And now. He's Tucker's at this rate that's the suggestion is a ridiculous. And I know how hard it is to get one like I've never looked into it the qualifications for getting a handicap sticker I take a lot of people would agree that I'm handicapped or. Hurt her with the coming up next coming up next will be talking about Disney. And what they're trying to do in order to well remake themselves that's next and toast. Mean this stare at the charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. As we age state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful 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 need tugboats d.'s new guide the risks and rewards of real estate ownership. A senior partner with Cushing and Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset. Called today for your free guide at 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home. Call 8668485699. Or log into legal exchange showed dot com. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well into your eighties you better have a plan for your retirement savings if not you might outlive your money hi this is chuck out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and ask about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated I folks this is Mike Armstrong from the financial exchange I'm joined now by. Yeah I I go back to the first apartment that I ever rented us there were five of us in this. Frankly it's terrible Somerville apartment. But we're all trying to coordinate our Renton it was a bit of NASA and kind of heinous. How does this all work on on the platform are you able to split out the rants of how does that really make the landlords like. Easier shore Michael thanks so we created searing it's really odd meeting simplified Holdren 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 it's. So lame horse loved it winners you know a single unit flame award or more of a professional landlord hundreds of units. They use this product. For the reporting from the automated rent collection for the tenant. Rent splitting so it's it's been great. That's pretty nice you mention that most importantly it's completely freaked Terry get it offer for for yes so our strategy has been a little bit different we don't charge tenants and we don't charge. We do is we actually licenses through banks. Who then offering to their land work its. And for being a client of that being too becomes a free service vote the way in the hours and tents attacks at a number of different New England local bank set up or we do we have quite a few institutions are all available on the rent dot net synching going sea and always adding new institutions. Folks again the name of the service is you rent and you can get a lot more information by going to see rents dot net it is a completely free tool for both landlords and tenants. And once again there's a lot more information you can get to get signed up and start collecting 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 Sandra SIPC and advisory services arbiters securities America advisors thank Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. Disney is watching a streaming service built around. Popular franchises for Star Wars too High School Musical big question chuck is. Can they compete with Netflix. I think they're going to be able to to compete at least you know just in terms of this that the library they have in the names they have it I mean it. You talk about that the biggest movies of the last. It probably two or three decades. And in Disney's been in the hunt with all the mean first you got to stall the enemy to one's so you can have all those so Pixar so you've got kids of talker like two years from now when your kid wants to watch frozen eight times today. There's going to be one place to go to get him. Disney pos exactly the only place he can get it and if you don't have kids can have a temper tantrum so number one I think that's you know something that's really strong for sure. On top of that you get that that two other major franchisee get the whole marvel the you know universe with what you know whether it's Iron Man the avengers. All those movies are gonna be on their Star Wars is going to be on there you know all that's going to be in one place and you know for better or for worse is much we can talk about how a lot of those movies or on original and derivative and kinda boring. They still make a boatload of money in this going to be the only place he can get a. And what percentage of whom do they track news that the vast majority rate two thirds of them I can't remember now the fox deals done. Let me see yet Disney holds 60% at this. You know. Their total confidence altogether and I know a adult that they are Tucker and I think they're looking at this Disney platform as a unique product that's complimentary to who. Who's who of course now is you know one with the team uses your streaming service and a lot of people are doing it at 25 million subscribers in the world. Diseased looking directing it just isolate their proprietary content witches. Voluminous but you know you're a member Netflix what they've produced 700 new films and features last year. That they do a boatload I mean look at Netflix if there's one thing that they do they put out just a massive amount of volume. Disney doesn't do that in a Disney is very much kind of a cure rated. Hey we're gonna get everything in just its right place you know it's it's gonna be you know done this way. And I I do wonder if volume might be an issue for Disney. Just because it's it's not how they've done things historically you know you're at their perfectionist yeah you look at it and it's OK so they release you know fifteen to twenty movies a year you know that's what they do in theaters typically. And then you know you talk about near kind of the TV shows they do. Hey it's you're gonna have been out two to three new ones on ABC every year coupled would send a washing out. You know obviously got some other channels you know you get you know Disney kids in the all ABC family and all that stuff. And it's they put some stuff out there but. In terms of volume there they're not really built to match Netflix but I would make the case if the contents good enough you don't have to and I'll use HBO was an example. HBO does not put out hundreds of new releases a year that probably have. More shows than ABC you know they might do ten to fifteen new shows a year when it's also a girl. Excellent put their own advantage you know. They gave the king drones and can't throw us. Pressure it's getting to know they'll come back Sunday it's the game of lost Jenna. Some. Yet belliard debt that's in a perfect example. You don't have to have. The depth. A did you guys see the the Ted Williams feature on Netflix I you know I saw it I didn't see it but I saw that on yeah ideal menu there aside do you wanna check that out. I checked her watch that it wasn't that I was in that that I in my opinion they need to do more that kind of stuff. As opposed to some. Stupid. You know doctors stupid series that they. All along the largest that new weight now along those lines very have you watched the the Elizabeth Holmes documentary on HBO. It's worth watching it is now a better fascinating just how lake. Just how mailers she still wore in the streets I believe she is I don't know she's in jail yet I think there's still are criminal proceedings that are ongoing. But the whole thing it's fascinating just how many really Smart people. Phil for her stuff all the speaking of homes there Irish just announced this morning that Hulu is going to be coming out with a series. About homes now those that react really Jim McKenna it's going to be homes. From us and our live via interest and so that's a little. But any rate Disney's. They're coming out and and to your point eight I went how the price it in India tips on Ernie inside info and what they're gonna precedent. I would imagine that you might have to tears here we are similar to elect kind of what Netflix and Hulu do where. Yeah you might have a base one that is either stripped down or maybe has some ads and stuff like that. That could be somewhere in the five to six dollars a month range in any more premium product probably in the ten to twelve dollars a month range. I think if they go above 999 they're doing girl. At least a giant I would agree with at least started is perfect yeah I asked if we if they wanna be Smart about it the make it really inexpensive. Right like. You know which Netflix cost when it first came out like five bucks what. Or you do kind of what a lot of these places do that are kind of starting up subscription services recently looking at the first three months free yet they have right now. And bite you but you have to give us your credit card to charge in the fourth month exactly yeah. Act like it's either. Markets are up the Dow's up 48 points the S&P is up three the NASDAQ however is down seven points and crude oil is trading down 39 cents a barrel. We'll have Wall Street watch when we come back and Ross talked about how. American workers are. Testing positive for marijuana use at the fourteen year high that's now. Next on the financial straight. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong 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 -- can help call 803934001. That number again is 803934001. Or you can download the guide right now and Armstrong advisory dot com. 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Or visit them online -- -- deposit dot -- member FTS -- -- -- a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do Collison 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. Securities -- with the securities America incorporated members and as a PC advisory services -- with the securities America advisors incorporated -- -- representative Armstrong advisory -- in the securities -- companies are unaffiliated are you thinking about transferring your home to your children in order to protected from the nursing -- did you know that if you do you -- added risk for your children's creditors including future divorces you really wanna read it checked your former son -- daughter in law and just a -- your own home Todd let's do partner with -- and -- and host of the legal exchange radio show -- you know that not only does transferring the property put your home at risk but he can also create huge capital gains -- when they sell it there are better ways to -- your real estate you can protected from the nursing -- keep it away from your children's creditors avoid -- and not -- unnecessary taxes get -- guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best -- -- -- different types of real -- call now for your free -- 8668485699. Or download your -- immediately by visiting legal exchange -- dot com don't put your -- -- brisk 8668485699. Or log -- to legal exchange -- 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 Iran today 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 Z rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot -- to learn more or call 7816418691. That he 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 call right now 803934001. And that's 803934. Doesn't wanna get your free guide today or downloaded right now and Armstrong advisory dot com securities of history is American corporate American wrestler PC advisory services are registers merge advisors incorporated parents are represented the arms are advisory group mr. is merged companies are unaffiliated. Time now for my whole street watch a look at the market's performance so far today it until Darian jug right here on the financial exchange radio network. And it is now time for Wall Street watched brought to you by as he rents a fully automatic on line rent collection tool. It's free for landlords with an account at a participating banks local banks including leader bank stone bank Needham bank and South Shore bank. They're all offering this great program. Called today for more information it's 7816418691. Or visits he rent dot net for more information member FD I C. Taking a quick look around here at this point the Dow and S&P in positive territory both up about. Now point 1% so not a whole lot of movement NASDAQ is slightly down and off about ten points at the moment. On sector by sector basis. Financials sick that's really struggled so far this year actually leading the way up about three quarters of a percent. Industrials and energy also in positive territory on the downside though healthcare technology both negative at the moment. As we take a look around. Gold right now so an awful little bit down to thirteen 01 and outs are about twelve dollars an ounce right now. And oil also sell an awful little bit it's 6393. Down 68 cents a barrel today so far. And that's Wall Street watch presented by leader. More American workers are testing positive for marijuana this new report fines as lawmakers in New Jersey and Illinois pushed to join nearly a dozen more states. Where recreational use of the drug is now legal. Yeah and that. Entirely surprising here. What you're seeing is that the number of workers and job applicants tested positive for marijuana. Now last year climbed 10% up to 2.3. Percent this according to ten million different samples that were tested. Now by Quest Diagnostics. And overall. Beyond just marijuana four point 4% of samples contain Trace of both legal and illegal controlled substances anything from marijuana painkillers and other drugs that also was the highest rate since 2004. What are they doing any testing on liver enzymes in and see you know does that tell you check for alcohol abuse right. Depth I don't know if they get in to. Probably depending on the job I'm sure that you get in some of that type testing going on. You know I had I would imagine you're getting at if you're doing you know testing for. You know a job at a bank or something like that but I would imagine if you're driving a big rigor something new you might assume that any kind of heavy machinery pilots if things like that. Well speaking of big rigs Suffolk construction which is a privately held company. Dave now instituted testing procedures there's a company still based in Oakland jock it's called Holland labs and what would you like to buy stock in the companies you could pound labs. In their marketing in new type of breathalyzer. That can detect whether someone has smoked pot or ingested and at a ball. Containing ETC. With in the prior two to three hours. So we're getting towards the point where were starting to be able to figure out you know and in real time if someone is neo under the influence of marijuana. Which is it that's that's been kind of the big question is. You know for for people who were drunk driving. We've got replies it's it's easy enough to tell someone is actively. Under the influence with marijuana. Look you can have an intuition about whether or not someone as. But we haven't had a reliable test for whether or not someone is you know under the influence that very moment to this point. So other than a blood Astrid I mean made up until now I think everything we've been talking about it was blood test oriented now they're talking about a breathalyzer. Which. That first of all you could put that in cop cars are so police officers would be able to tell. Or if he couldn't afford to put it say it's a small town couldn't afford putters and every cop car. They could happen at the station and just drag the guy into the station and test. Yen in the big pro with the blood test for marijuana is the THE stays in your system for so long that it can't really tell you when the person was using it. Right well the EVP. The question I have in in of that pattern of your quick to answer this or not but are you still impaired if you use marijuana the night before. Are you still little buzz the next day when you go to work. Probably depends on how are you used it. You know if you simply smoked at. Probably not if it's a case where you wart smoking it and instead you know he had me all the vegetables that are floating around and things like that. Near the animals in a lot of cases because it's going through different process it's not you know it's it's going through your digested system and can be kind of a longer term process there. That's something that you know moves very differently through your system and so I have heard of cases where. Not so much for smoking it put more. Be in the event that you are ingesting intervals in that case you can end up in a situation. Where you know you might still have someone that's feeling the effects. At a later point in time so near that that it's. Oh yeah I had a drinking you know it's you know you have a kind of fixed timeline. It really depends on how you're actually getting near marijuana in TH. An hour later or six hours later Miller even the next date to be completely honest I Warner. These like breathalyzer and there are you know working out the kinks were if if they can look odd and measure it does. I guess level of TH senior system like the you know I you say it's two weeks long. Yeah yeah it's and cures just kind of what the mechanism is that they use and and just has to get to this point we ever really seen any earning. That's been effective so maybe they stumble on something that that's knew when working here. Some news out of Fenway Park there's a big new sign on the green monster right smack dab in the middle that. For the last I think five years you have big fox would sign on yup. Go gamble foxwoods. Today. You've got a new sign up there for MGM resorts fresh off a in opening of the casino out in Springfield. And that is now. Kind of near taking the I would say arguably you really the premier spot for advertising. In the ballpark I mean is is there any part of Fenway Park that you think has more pictures taken of it in the green monster no I mean it's one more iconic. Pieces of on a park in any sport for better or it's kind of a national landmark yes point leader really is that specific part and so. Yet the fact that MGM now has that prime real estate. Look I'm sure they had to pony up a boatload of cash for I'm sure that near that that is but does not come cheap this is not. You know some little advertisement you know on an outfield wall off to the side or something like that. This is he of the biggest advertisement. In probably. One of the two or three most famous you know places to see any event in the country. Right right and yet in this isn't just some you know advertising deal this is a massive teams' sponsorship deal yeah. It's the first I'm pretty sure it's the first. Casino sponsors should deal. In the MLB. In some ways it's definitely a landmark deal and yet you'll be seeing MGM. Smack dab of the monster for years to come down. And I would imagine if you see. Illegal sports betting make its way into Massachusetts. I would imagine that MGM is going to be heavily involved if there's any of that that goes on at Fenway Park. Oh yeah yeah yeah who would shock me if we didn't see some sort of a you know and GM. You know space at Fenway Park where you could just dal or right there and then on the the game of the night pretty much anything else in baseball. Let's take a little break and when we come back and talk a little bit about the Fed in what they said yesterday. In their minutes from their latest meeting also. Little bit of chatter about. Average worker pay and what we're seeing it in different companies that's right after. This. Does this in stunt to you know your portfolio. The financial exchange with Barry Armstrong and chuck signed off on the financial exchange radio network. Amazingly there are studies out there that -- 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 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 -- 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 up with the securities America incorporated members in as the BC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and hurt companies are unaffiliated. As we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful the nursing home stay can judge your financial well -- and transferring a property isn't always the best solution because you're looking -- huge capital gains taxes when the home is sold if you find yourself in a similar position in need Todd -- d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank and as checking and savings accounts that can provide decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is trucks out and I've been doing business with the leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader bank -- rewards account qualifying customers get 1% back on -- it's 10% back at featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- savings account has just 2.3 5% APY that's 2.3 5% in -- a great -- -- my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. Or visit them online at leader bank dot com minimum deposit open and earn annual percentage yield -- ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings -- subject to change without notice leader banked a step ahead member FDIC. 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 date with easy grant 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 for all landlords visit WWW -- he ran -- meant to learn more or call 7816418691. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment. One ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally could just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. It's our daily poll question at financial exchange showed does John. Vote your conscience. There aren't just vote. Go to financial exchange oh does come and test away. So so yesterday around 2 PM we had the Federal Reserve release their minutes from. Their latest meeting that meeting was on March 19 and twentieth so at three weeks ago. And this does is. Give us any new information as far as the feds not telling saving new. But has given little context in color to you can how they made their decisions. Pretty much what they have said. In these meeting notes. Really breaking new ground Hague they they're coming out and they're saying he had the majority of people. At the Fed don't think that rates need to move either up or down over the course of the rest of the year assuming that things stay. You know kind of as they are so you know for all the concern and and and we have talked. Prior to I think it was last week we talked a little bit about. Really where the view was on where interest rates were going over the rest of this year and if you go back to you know week and a half ago. There was about a 60% chance that you're going to see one or more rate cuts by the end of this year. As of today it's only a 50% chance that you have one or more rate cuts and a lot of the more extreme options you know 23 counts. Kind of looking like there off the table at this point but. Instead kind of 5050 proposition. There is still a 0% chance that there is a hike. Over the course of the rest of the year that's according to the Fed Funds futures so I'm not telling you they're actually easier percent chance but just that. They did the participants and actually you know we're trying to hedge their interest rate risk. Don't think there's any chance that rates are moving up. Over the course this year so fed meeting minutes out yesterday in religious confirming what. Already knew to be completely honest fed rates are likely moving before the end of the year. Folks if you oral landlord. And you want an easier way to collect rent payments take advantage of Z rant it's a fully automatic on line rent collection to walk. That is free for landlords with an account of the participating bank. Most landlords. Local neighborhood banks do their business and now a collection of local banks. They're offering this unique program including leader bank. Stolen bank Needham bank in South Shore bank member FDIC. If you happen to be a landlord in your interest in having your bank required as he ran technology. Called Z ranked team. The number 7816418691. That's 781641. 8691. Or. Visit he rent dot net stopped chasing down late payments and running to the bank to make your deposits. Get your banked at Z rate to its list of offerings visit the rain dot net. Or you can also call 7816418691. For more information at 781641. 8691. Or you can go to see rent dot net. Let's talk a little bit about this Bed, Bath & Beyond store Tucker. But that's only been to Bed, Bath & Beyond. So. Does buy buy baby count. That's that's the same. Companies in this. Isn't it I guess I mean just as it was the first time I went yesterday. And it literally looks like a Bed, Bath & Beyond like exact. Store layout but just PBX. So as you went to buy buy baby yet score a guy we need to formula. That's very specific formula which is side does not annoying me whatsoever. You you're quite OK with that. It so sure but but an actual Bed, Bath & Beyond so bye bye baby there's a 135 of those stores being in the world bed -- me on this 15150. Suits it's a much bigger part of the overall picture yet in terms of bed bath here on I couldn't tell you the last time that won me the act last summer ones randomly I can tell you last time I went to Bed, Bath & Beyond was back in 2015. My wife was moving in with me and we needed new drapes. Oh boy because we needed new drink that's an afternoon. It actually went pretty quickly that it remarkably fast by my wife actually is great that she heats the shop. All like on doesn't like to shop says she's ice earlier Fries are good the army and I'm out like she doesn't like to linger chisel is just. Let's go let's get let's let's be done that's almost the shopping aspect of my wife is that this is him making. You know just like trying to bounce it back and forth and just indecisive and that's why we spend. You know so much time a Bed, Bath & Beyond the world and looked to be fair there's also the classic which when do you want like ghost why would you like nose and a and a I don't I don't know why would you ask me if he didn't want me to like. I mean I don't I don't really help either economic. I don't care I really don't care which is to hell out of here written about and not interest and carpeting whatever you do on there is gonna look great burn if I really don't like it is closed my eyes I walked through the house and will be fought so when did you go to outlook retreat somewhat mar 2015. All while when he fifteen. So you haven't needed any sort kitchen where that your dad to run into Bed, Bath & Beyond for so diligently I have need stuff I just have not gone to a Bed, Bath & Beyond review on Amazon Amazon yeah. It is with so are giving example we got. Or in laws this a year for Christmas goddess these. Phenomenal new nonstick pans the ceramic ones that don't you know have the stuff the chips often you get all your system in India to cancer chair it's like good stuff that actually holds up well. You still can't use metal utensils and we just didn't have enough. Is it scratches disarray okay you know in the it becomes not non plastics actually get these needed more plastic spatula so called around you know found ones that I wanted. And didn't think to go to bed bath and innocent look and see if I can find us on Amazon click boom. Dolan whereas previously you would've had to go to Bed, Bath & Beyond human event go to target Wal-Mart or isolate that. To NAFTA go anywhere down that road in this case. You know and I actually don't mind the bed bath me on experience. Like it's not terrible it's it's really nodded they make it pretty easy and it's. There's a wide selection the gallows weird gadgets that I like kind of look at that and check now in terms of the kitchen especially. Boy. It just for its way more convenient obviously to go on and is on it when you step inside a Bed, Bath & Beyond store. Illusory looks like one in Amazon warehouse vocal. Yet in it in the reason why we bring this up so Bed, Bath & Beyond. They reported their first annual loss ever as the publicly traded company in the last thirty years and and also 82 point 6% sales decline. Which you really shows that hates it's not just that they are facing you know margin questions. It's there have trouble getting people into the stores and in in my story that I just told is a classic example. Even. Giving examples that we moved into our new house about two years ago now. Once again guess what we needed. What's that drapes to rate each week we needed board drapes Tucker has the old drapes didn't match the new house right now okay. We didn't go to Bed, Bath & Beyond the drapes this time. Camera didn't go found monoline now we had ordered two or three different ones because they're the first ones that we got what we are looking. Again I've spent more time and drapes I've ever wanted to violently and I don't I don't have had enough during war no more drapes on now but. We didn't go to Bed, Bath & Beyond that he's missed some ago. We are dean blows. Actually this was a case were right they did say this is not my problem you solve it and so I don't I don't even know where we went. We're said drapes all I know. Is that we ended up getting them on line. And so did drapes were simply delivered we didn't even have to go anywhere which he says organized which was lovely it was. It was phenomenal centers new drapes showing up all the time like what else is a guy neat right just new drapes all the time all the time voters. Walgreens gonna be opening stores with primary care doctors in them. Now I'm guessing that I can be walking down aisle six next to be you know the those at the low to mid foot fungus stuff. But. Here's a question for Tucker what. If that were a primary care doctors in a Walgreens. And do you want that doctor to be your primary care. I consensual war. I mean why why would why would it matter doctors are doctor well yes the doctors the doctor but. I guess the question is. The benefit of a doctor locating in a Walgreens is in theory they should have you know when he volume and be able to you know they don't to run their own business in theory and things like that Walgreens should take care of that for sure I'm guessing. But I just wonder in terms. You know the the quality of person you get I don't know why but there's just something. This is probably meet promises wonder about the quality of doctor that you get that line yeah I'm a Walgreen i.'s Dennis and you know it when you come and you're fiscal year I Jesse don't necessarily want to be walking. You know for Walgreens Dugard aggressive toilet paper yeah while we're here a couple nice to you on the way out you know I don't it's about it's just some questions on that sells a column. Great job here's a here's a candy and LA okay wonderful that you guys. All the time we have on this power of the financial exchange we got a whole bunch more to talk about including US China trade talks coming up in just a little. Yes. It's not too late to get a great grade and a 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 a faster closing call lead 776917900. That's 8776917900. Or visible leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need do have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong 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 -- -- 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 offered to securities America incorporated members and as a PC into my reserves is with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated hi this is Barry Armstrong and I've been doing business with. Leader bank for many years it's not too late to get a great rate on homework meter bank specializes in a wide variety purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. And get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender ML customer for Portland to try zero are subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William and W 275 CMF. Austin the money matters radio network. 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 mailing me. Set 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 out there. You've got basic brokerage accounts IRAs and 401 k.s and even raw 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 age how old you are are you signed up for Medicare or not are you collecting Social Security or not. Sometimes it's better to actually live off of your you know just regular savings in brokerage account my first and then go to the ironies. Folks there's a lot to consider when it comes to retirement income and we do revenue guide out titled five steps to make sure you don't outlive your money. All you have to do to get it is go to Armstrong advisory dot com and you can download it for free. Again the guy just titled five steps to make sure you don't outlive your money in 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 home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the Armstrong advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guys the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get to -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again -- 803934001. You can download the guide right now and Armstrong advisory dot com. Securities -- with the securities America incorporated members and -- -- PC advisory services -- with the securities America advisors incorporated Barry -- representative Armstrong advisory group the securities -- companies are unaffiliated if you're real estate property management company you need a banking partner that has all the right tools to keep your operation efficient -- bank is one of the premier banks in the property management and real -- -- offering a suite -- -- products in cash management services to help you collect -- managed Condo association payments and digitize paper checks hi this is -- -- -- bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as a CH payments mobile banking remote check scanners into its innovative -- rent payment platform -- bank has a team of business bankers that are -- helping -- and they'll come to your place of business to make it is easy as possible the number to call your interest in these services is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies -- -- bank is their banking partner call 8776917900. Or email -- BO leader bank 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 you really wanna read it checked your former son or daughter in law just a buyback your own home. I'm let's do. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but it can also create huge capital gains tax when they sell it there are better ways to own your real estate to can protect it 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 the financial exchange with the very Armstrong and jokes are. You're exclusive look at business and financial news affecting your day your city. Your world stay informed and up today about economic and market trends plus get breaking business news every day it's. And now the financial exchange we have Barry Armstrong and chuck son. We're learning more and more about the Hooper IPO it now appears that they're gonna go public in early may and we have an idea as to what the price of that stock's going to be. We also know that ship shares in list. Dropped 10% yesterday. People questioning the valuation of list hi everybody it's burying truck with you here. It's a Thursday morning. And truck if he can scrape together I don't know fifty bucks to price by sheer Hoover when they go public in early today. Yes sounds like they're going to be targeting a valuation of about a hundred billion dollars so a hundred bigs backers right there. And I'll likely pricing at a share price between 48 dollars and 55 dollars per share. When it's all said and done will be to raise about ten billion dollars. In this IPO. That likely gives them some runway for a few years to kind of figure out if they can get to be profitable without raising additional funds. That's neo obviously if everything goes well. But we're start to get a little bit more clarity in NC a little bit more of the picture when it comes to what Hoover's IPO was going to local. Victory in good driver Lewis within three years. Are we talking only our guests like Woodward to what extent. I mean the big cost Cooper you rate is the driver yes the that that seems to be. 75% of every dollar collected is going to the guys its operating that vehicle. So if you eliminate the person. And you just have to operate the vehicle wouldn't take the vehicle charges 25 to. You know 40% maybe. No the VA is still I'm of the view the vehicle has to have the same cost. Is that the only way to get to profitability if they're not profitable now. They can't say okay we're gonna go driver Lewis and get you know and cut costs by 50% its. No we're gonna go driver listen your cost is gonna stay the same 'cause that's how we get all profitability. No I understand that but to what percentage of the of the 75%. Now that's kept by the owner operator write the driver Jeff. How much of that is actually you know amortization or depreciation of the vehicle that he's driving. Don't have donut out late that I'm guessing it's probably the the drivers I've Tom gets you say forty to 50%. Drivers I've talked exits that are. And so they're living on 50% extra races of the 25 is going to. Cover the cost of the operation in living on the fifty in the hope to. Yeah tipping is the big thing yes they make you know an eight apparently. I'm a little bit surprised not many people tip on Hooper left. You would hire the exception I know you you or your temper on Hooper left but. I think it's something like less than 20%. Of the writers are actually giving it gratuity to the driver which I think is a darn shame. We'll keep in mind that the lifting Hoover were both originally marketed as you don't have to tip it's all included that was a big marketing thing that was the whole thing. But these guys are not make that much money. Wind but that's a failure of over at educating gave the customers the right way if you say you know like I give you know it example. When you walked Home Depot and in going there do you tip the cashier all the time. You don't because you say it's all included in the price and that's exactly what lift new percent lift new real they'll hold selling point was hey you put your credit card in. It builds you meet you don't have to tip everything's taken care. You feel guilty. Photos directly some dual put age if that's what they're marketing themselves at that I'm gonna roll that now they it's easy you know use cheap nasty you don't Thacker. I do now the when the first came legislate can I guess they did paid well enough for a donut that it Tucker's been tipped James. A lot of it as far as I'm a good tipper. I'm starting to question. Anyway our poll question today's ultimate operating. What was your overeating. Flawless throw a four point 99 us open gloriously. I don't know walked and assume my illustrating his wall Erica I think we're talking. I think I don't have Hoover anymore pattern Neiman know and check them had DH. So when lift at least you go in to somewhere and click something and then I'll bachelors you thanked well I don't know about a precise. Trying to look it up at the moment let me sleep at that that was that was very helpful our audience yet that they do I'm always very helpfully you know where the article is less thing. You see he can't find mr. whiz kid can't find it. Which you pay. 20%. More to use Cooper and lift I voted yes I'm a little surprised only 21% of the audience agrees with. That they would pay 20% Morton use burn it. And spurs two then that would be more financial exchange showed dot com is where you go to participate in Texas with the Utah 6356. Here's why can't find it on on lift you actually have to do was text here ask your driver. What your rating is because they don't included on their rap CIA I just logged in to mover as the first thing I saw on me yeah profile page a four point. Seattle couple flaws it seems a little low. So low it's out of five if you typed better it would have been fox please. US and China reach an accord on trade deal and forced this according to tertiary sector secretary Stephen minutia. Definition saying yesterday during an interview with CNBC the quote is that we've agreed that both sides will establish enforcement offices that would deal with on going matters it's something that both sides taking very seriously. And so it seems like again and it. Incremental progress being made here the article later on says. Hey there still are some hurdles that are out there as far as. You know win tariffs may potentially be lifted. As well as you know a couple other things that they still trying to sort through. But you know again it's it seems like things are moving in the right direction but it's. We don't really know exactly how far we are from you know getting a deal done at this point. Early on I think we all had the impression truck that China was more desperate to make a deal in the United States. Lately though economic data out of China seems to be improving. Yeah there was and you march data where it was better. You know certainly I think helped by a whole bunch of money in stimulus that the Chinese Government pushed into the economy. At that point so near the march data was better one month doesn't make a new trend but it certainly seems like. March BO had some improvement when it comes to the Chinese economy. But ice I still think there's an awful lot of problems they're dealing with that are to be honest. I'm related to the to this trade deal. You know there are problems with the Chinese economy that predates. You know this trade negotiation that's been going on for the better part of the last year there's some bigger issues that are out there they're still trying to. To fix and solidified as far as you know the fact that look when when you don't have. Truly functioning capital markets when it's not a case where things are being bought and sold based on supply and demand but simply based on. You know some kind of willing into existence Alia we're gonna be a make all this stuff and hopefully Phil with people. You you've got problems there in places with you they've they've overbilled they've over invested in there is another trying to figure what to do was that. Funny they also have PE you have to look at their social structures well I mean you have people that are being hauled away in the middle of the night never to be seen. Yeah I mean reminds me of 1930s 1940s German you know Ali you know let's let's round up the Jews when we're in China. They're doing the same thing if your woman and you start a woman's book club. You know what the EU could end up to rounded up and thrown into concentration camp I mean it's not with what we're hearing at a China from China experts is not one heck of a lot different than what we've heard added Germany in 1930. It's not it in particular is the what's called the weaker population which is a V aids in in one of the northwest provinces in China you've got this. You ethnic population that is largely predominately Muslim. And they have effectively be in trying to quote it again this is where the similarities to be of Germany in the 1930s continue. They've been trying to quote re educate them. To try to effectively eliminate this culture from China. And it's it is pretty nasty when when you look at some of the stuff that's that's been published there's an article by Bloomberg back in the fall. About the growth of these. Effectively what our concentration camps and any any it is just some ugly ugly stuff that you're seeing there the of people just disappeared you have no idea what happened to them. You keep you know but they'll never tell you. Well enough in the problems. With debt leads to is dissension rate in people saying okay once I have enough money. I'm not here I'm going to Australia. Canada and I'm living somewhere. Where I can think and speak freely. Without worrying about getting put in jail. Yeah it's it's it's a major reason why people tend to and end up leaving China at one point or another it's not just a Muslim population that feels. If it so they were just kind of a Guinea pigs for Beano this'll system. They gave women their rounding up women because women are saying why are we we we don't have the same rights that we think we should be entitled to. Oh geez don't say that you know we'll start a book club. There was an article on trying to think it was in the last couple days here trying to remember where I saw them pulling it up right now just I know was here. But it was about oats effectively. You know the the Chinese Government stern put limitations based on you who you associate with whether or not I'm can travel on certain kind of gave you that there's there's. There's some real issues there from human rights perspective. I did see another article where BA China is offering to allow. US companies to compete in the cloud business. I'm not sure I'd want an American company. In China you know the competing that is that you you wonder what they're getting access to for years if they're using our club servers well and. And there's been a whole bunch companies that haven't moved in to China just because of questions about you know how of their product would be used if that were in China you know FaceBook and Google being the two biggest ones. That they're still is no FaceBook in China they're still is no Google and John. Ray ray. It coming up we're going to be playing some trivia and it's going to be based on president Thomas Jefferson so. You might want a bone up on your Thomas Jefferson knowledge because that is a topic of trivia next on the financial exchange. Shrapnel tore everything business and finance it's the financial exchange with Barry Armstrong 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 into your eighties you better have a plan for your retirement savings if not you might outlive your money hi this is trucks out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kinda 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 for 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 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 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 a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Iran today we've -- 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 Z rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW -- see rent dot meant to learn more or call 7816418691. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the are -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new 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 -- -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money weakened help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. Securities are with the securities America incorporated members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities -- companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. The financial exchange. Is all we're really ruin 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. 276. Years ago this week president Thomas Jefferson was born in Virginia we will be asking trivia question out president. Jefferson and like to remind you this is your opportunity to win a fifty dollar gas card the ninth listener with the correct answer will win the card. In march of the Tino to president Jefferson founded which US service academy. Now the text number 63566. If you not played trivia before you need to my first name it's Barry B a RRY. At the beginning of your text message then 63566. Then answer. In march of ET note to president Jefferson founded which US service academy. Netflix is publishing their own magazine. As it chases Hollywood awards. At a self promoting it strikes millions. Yet it's it's not really geared for. You mere Tucker this is something that a lot of studios actually do in terms of that they'll send these types of things to the of people who will vote on none of the different awards that are out there whether it's the Emmys or Oscars whatever of this screen actors guild awards. And pretty much it's just to try to. Publicized in the shows and movies they produced over the course of the year so. It's very 42 witty and kind of a the on inside baseball type thing that's BO largely done just to try to promote their shows with in the industry. But you know it's it shows that they looked at their kind of taking it seriously and that they want to continue to build on some of the momentum they've had this year mean they had their first movie. That would is near ever nominated for an Academy Awards this year. And and obviously they wanted you get to the point where the not a being nominated for one but you know winning multiple awards for movies that they produced. And they are somewhat discriminated against. Historically yes it's it's just they're they're kind of viewed as this outsider I mean. You talked a lot of people in in Hollywood and who are in the business of Hollywood. And it's. Yeah that there's still this longing for the days when the family would get together and go to the theater in that was how you watched movies and TV was of the scheduled time on scheduled night. And Netflix is kind of sand. We have to do that and to be honest I think the netbooks model has allowed. Actual creative the people that are actually making films and shows. To do a lot more. You know because it via the eight it's eight the freedom that you have. You know that there are shows on Netflix that previously you know they might have been a two hour movie. But now they're a ten hour miniseries because Netflix gives them that opportunity that have so much more depth and so much more to them. Dan if they had to stick with all performance. When they've done a wonderful wages and Hollywood. They have yet its people or make him pay. Oh and it looked as a ton of money phone around this point in and looked at with how much Netflix is trying to put out if you have a script to mean. What is just throw out the minute might get published by mistake you know might get scenic. Produce 700 programs last year along. It's a remarkable. That's you know that that was a decade's worth of content in the old days for any studio. Yet. It's also the the biggest thing that you people have a question about which is near of the spin that they have on content is it sustainable to this point has been but. Who knows. The problem is so much of it is garbage. You know like eve is very little I don't know what you your viewing tastes are it. The other night I wasted if you wanna watch Netflix is absolutely. Says there's nothing. The actors there's nothing fair. A united. The wish to do more than we've documentaries. Yet but that's that's Angel you call these things garbage you've never watched the second of any series and Netflix. Want it that oranges the new black there it is and focus on his watch where one joke. You know it was what else one. Ashton Kutcher won in Colorado there's a problem there. And when asked to click or urged my car right up and try things that my point is I I've tried things and more things you know what I I really like documentaries but so is oracle as. This is actually a little bit of a documentary you Renaissance that's happening right now. Uterus it's you make it documentaries are kind of catching fire a little bit in that. You've had so many good ones in recent years have gotten a lot of buzz net of you know showed that would documentaries are not the boring things they used to be where it's it is a still picture of the battle of value for you know it's it's it's not that anymore now its. You know starting with. I think the one that started to break the mold was it terrorists from Netflix actually well does that go Russian wood with a guy was trying to doping somehow found his way into this whole Russian doping scandal right like by accident yes that's fascinating and I think from their people who you know started to realize. Page you can do you really. You know powerful and really actually exciting things in documentaries. You just have to have the right source material it can't be. You know eat you know does the battle of little big horn because you can't interview anyway I think it's it's not that type of stuff. That's. I don't know about that I I I think you know you look at some of the PBS series about you know How the West Was Won or Vietnam or prohibition. Answered darn good documentaries for their. They're not the ones that are moving right now. I don't think. They're they're not the ones that are that are kind of breaking new ground in breaking the mold though it does the documentaries that we've had for the last fifty years and and look there they're good they're historic I accurate fix you know learn a lot. But those are not the ones that you're seeing bidder really kind of re shaping documentaries and and what we're seeing coming out of them for it. David documentary series called dirty money and I watched an episode last week. I think is like an hour long and it was about the maple syrup heist. Acton. 2000 either something like that. Com and that was fast it was millions mill that he was like thirty millions of doll thirty million dollars a maples airports were stole would they do is that. Very pretty much swapped out the general awful thing. The biggest Waugh well world's top it off that I high end up being like the black market maple syrup is fascinating yeah well. CI ABC I find that type of programming. Much more compelling. Than some of the stupid stuff he has talked about things. And importantly well it like tomorrow what's trucks. Trivia question. The movie face off starring Nicolas Cage and John trumbull the swap the bases in the medical procedure that doesn't really exist that's movie history here and there and he made my point form. I mean. Would you rather learn about maples here and face. Mel. I think that the I can eat Naples or other regular voters so disappointed that your talker well that like my mother's been disappointed in me for thirty years why should we change now. To base is that no Shane O'Shea confirmed that yeah. Narrate we are going to be talking about YouTube television and new way to get your Internet it's gonna be awhile before it can do it that we are going to be talking about that. On a day where the Dow is up 22 points. The S&P is up two points and the NASDAQ is effectively flat I would invite you to participate in our poll question which is. Would you pay 20%. More to use looper in the because if he would. I think there's a path to profitability. For those two companies lift recently went public and Cooper will be going public in the first half made. 28% of you thus far would be willing to pay 20% four teams of surfaces will there packed. 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 do you really want a red checked your former son or daughter in law and just a buyback your own home. Unless ski. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create a huge capital gains tax when they sell it there are better ways to own your real estate to two protected from the nursing home. Keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at risk 8668485699. Or log on to legal exchange showed 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 today with zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more 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 for all landlords visit WWW dug see rent dot -- 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 do have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong financial advisor group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now at Armstrong advisory dot com. Securities are with the securities America incorporated members and SIPC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and hurt companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back. A step ahead bury our strong here and I'm joined today by Todd what's key from the law firm of Cushing and Dolan. And worked talking about the guide to different types of real state ownership many view all home team I don't know. Home here in new England and he might have place in Florida. Taught what a question that comes up quite often is. What are the implications. Of transferring your home to your kids in order to protect it from the nursing home yeah that's one of them. Worst things you can do makes my teeth which line really bad because. One you've given up control over your home front doors anymore it and that's not a comfortable feeling of my client I heard a live there. Two if you wanna sell you can't it's not yours if you do seller where's all the money go to the kids. Never mind all that there's a huge tax implication that comes from this even if your kids are great kids right. If you bought your house you don't usually go thirty years ago you probably paid a little for now it's worth a lot. Right and you give it to my touchpad sale was tax free when -- house's tax free except it's not your she gave it your children this example and that's the problem. And then you give them your basis. And if you give them your cost basis all that built in gain. Is gonna be taxed to the children so that's the tax prob you don't get that tax free sale when you immediately to your kids you don't that's a big night. So I mean right there if you have given it to them now and now even if they agreed to sell that they got to pay the acts that you don't have the money you hope they give it back Q and then there's a tax. Nightmares have you ever thought about the best way to own and protect your home or even your vacation property. Call Cushing handle and for the brand new guide about the different types of real estate ownership the phone number is 8668485699. Its toll free 8668485699. How should you own your real state call now 8668485699. You might not be able to keep up with all the latest business and finance news but we can't fix the financial exchange with the Barry Armstrong and chuck soda on the financial exchange radio network. Diet. And. When Thomas Jefferson. Took office he felt that a national military university was needed. West Point was the first of five US military service academies. To be found. And the winner on this question is frank from our Guam frank takes only fifty dollar gas card courtesy of the Armstrong advisory. There you go. YouTube YouTube TV is racing its monthly price to fifty dollars but they are adding discovery channel's. Yes a pretty much what you're seeing here is the price of YouTube TV unfortunately is going up for everyone. It's the second time they have raised the price of it now and it's gonna be effective on May thirteenth now what do you get for the additional cost. The nice thing here they are adding some additional channels actually sued Discovery Channel. HGTV which is one of my personal favorites Food Network. TLC investigation discovery Animal Planet also another good one the Travel Channel and motor transient but ten new channels that are going to be on here. Now you do up to pay a little bit more in order. Did you I saw this and if I was cord cutter and has switched to. YouTube TV for the 35 dollars a month it started out as in their hype in this to fifty dollars and like why they held it but the core that. That was what I was gonna stalker because you you cut the cord and now if you look at the cable packages. You know they'll they'll give you for fifty bucks on topple your pay for Internet that you look at it quite a few channel. It's the the big plays worthy still have an advantage if you have multiple TVs. You know the sec this all I see is a hole in the home had the second you end up with you know two or three TVs that you wanna connect. That price jumps up in a hurry Reynoso they've got all these teaser rates where did you get your Internet and injure cable. It'll be 75 bucks a month for the first year. The second you start adding a second TV year's third. The regulatory area that that's that's where you get hit and that's why you know a lot of people on cable. You talk to America on him my bills 150 a month it's 200 a month if it's because of multiple TVs whereas like TDs yeah the nice thing about YouTube TV. It's fifty bucks if it doesn't matter if you have one TV year eight you can still get at all. How many different locations can you watch it from the Tutsi had a place. On the tape and they knew of another place at west pol can use YouTube in both of those homes I believe young tube has unlimited portability. That's nice. Netstat we have Kirk but they better stop like in the rates they're gonna lose people you think. Now if you if you go higher yeah sure. Well speaking of Internet providers because that's a lot of the reasons like I eaten. Most most of us who have. Internet are getting it from our cable providers. Imagine if you could. Get it eking getting you using Hughes director here have you seen the commercials for that track the excuse direct television Hughes a couple of them I had a route into what they are at all. It's it's basically satellite dish in your backyard. And you can get your Internet services for people who live in rural areas predominantly. You're talking it's Hughes net right yes that he had ever seen a couple of commercials that never looked into it myself. But the you've got a bunch of companies that are talking about you know really building. Satellite based. Internet at this point and. Friday attended in it a problem with it now truck is it's very slow and it's expensive and they limit how much you can happen. So it's not like if you looked at it today. And you said while I'm sick and Comcast or whoever you're near idea Verizon. It's it's not competitive with those services right now. Yen and even a lot of these companies that are talking about doing this to mean you've got to I know Jeff Bezos is talking about it Richard Branson is Elon Musk is. I think even actually know Mark Zuckerberg talking about doing I think like high altitude weather balloon based Internet. Which is a hole. Fascinating I like that and fascinated by that to be honest but all of these that the big problem is. You've got to launch the satellites. Are you know it and it's not just you have to watch one of them you've got to launched hundreds of satellites to get proper coverage and everything. And in here's the other thing that I come back to on this. There's a lot of us off up there in space at this point in lower orbit like this. There's a lot of crap up there that that's just been launched up over the last fifty years now you know in part of what I wonder about was something like this is. Look we we do a pretty good job of tracking space debris in general. But they how would you like to you know be watching some dinner you know downloading some and all of a sudden. He signal goes up because the satellite got hit by you know a piece of trash from Apollo eleven it's still up there circling the earth. While beat you into switches to another satellite and I think the the thought like what appeals to me about the whole thing chuck is. Going wireless right now I think about now how many wires are running through your whole how many usually have those you're still gonna have those. This this doesn't get rid of the wires in your house you get through get through the wires connecting to your house but you're still gonna have to have routers the same way that you do you think. All that stuff is still into exist. The way we receive our Internet services in in and that at the speed at which we're gonna look back. At the Internet service speed that we have today. And our our kids are little yes you know offer for the speed that we. Oh it's it's going to be even like you mean you remember the first Internet connections back in the ninety's when bill dial up you know if you dial up and take a violinist. Did he get off the Internet and out of a phone call first of all your blocking anyone from answering the phones I don't let your grandmother yeah if you you have all that stuff going on. In the end what would happen to me is I was you know I'd be 1012 years old. And so on downloading like you know different games and stuff came in if anyone picked up the phone it would hold the download NC after started against them OL. They gotta get up I hollow leg it's just like I. There were battles that we're just waged overly could have the soldiers any time. So many arguments. They coming up we're be talking about Amazon. Workers are listening. Hey this is a little bit creepy I have little lax if you have an Alexa device obviously that this if you have. And elects a device in your whole. You need to stay tuned to this next segment is ray talk about what's going on in the that's next. And include. I read chucked in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families go through this process think about transferring their home to their children to protected from the nursing home. If you're not careful the nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home sold. If you find yourself in a similar position in need Todd let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show 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 trucks out 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 -- rewards account qualifying customers get 1% back on -- it's 10% back -- featured businesses no minimum balance required and no monthly fees but that's not all leader banks you -- savings account has a 2.3 5% APY that's 2.3 5% in -- a great -- presume my customers if you're searching for a great rate it's time to call leader bank at 8776917900. The number again is 8776917900. Or visit them online at leader bank dot com minimum deposit open and earn annual percentage yield is ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings -- subject to change without notice leader banked a step ahead member FDIC. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully you're not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the Armstrong advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered to securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from do. Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. I'm a little surprised by our final poll results only 25 point 7% of our listeners Tucker when page. 20% more to use them differently if I guess that means they'd be going back to taxis were to your point chuck. They start driving their old car parking. The price went up by 20%. They get you got some I'll tell you if you know where to look there are some good deals on parking these days. Yeah it's so that there's a phenomenal app it's not in every city at the moment but it's called spot hero I don't know if you're familiar with and all I'm not atomic. Pretty much what it does is it lets see you typing and where you want to go and when you wanna go there so let's say you're going out to dinner and you say okay. I need to be near or somewhere right around this restaurant from 5 PM to nine. And what he did he plug that in. And it goes out in its searches all. Parking garages all of the view of all the available options that are anywhere near and comes back to you with pay here's the cheapest place that you can actually park. And what I've found in doing it you know I used to think that having to go into the city whether it's for you know sporting event or concert are meeting or something like that. Ice to figure OK it's gonna cost me you know 3540 bucks to park. If you were a couple little tricks about where to search and kind of how to time your search. You can find I've found good parking in the city of Boston ninth ten bucks each time. That's that's a bargain eagle on places near the garden and near the garden even like back today. Okay like Utley expensive parts of the city is what is it now at a park if you want a little ball game fifty bucks. Well it depends so if yet few used you know the lots right around the stadium. But then if it'll be somewhere in that range. I what I typically do is I'll park about a third of a mile away so it's about a five to ten minute walk depending on your pace now okay. If you do that I consistently get parking it twelve to thirteen dollars. Beat are fast cheap and it's twenty for that price very cost me fifteen dollars take the train in Sudan it's it's cheaper than taking the train. It. Larry Amazon workers listening to what you tell elects I talked to looks but it it. Sometimes I swear topped out. Yes so we have thousands of workers. Not just like one dude yet it's not just you know Jimmy whose use it knew better. Yet as Jeff just tune in now. I bet he does sometimes he probably a city I like ebit at a bit if he's bored if you just you know sit on his plane is like. What is this this and Alexa conversations right now wanna hear what Perry and his wife are talking. So pretty much what happens here is there's what's called this Alexa voice review process and what this team does is they will listen to conversations that you humans have. Where there instructing Alexis did do something. And where that would they're trying to do was figure out eight. The purse was trying to do acts but Alexa accidentally did why. We are as the gap in conversation. That election didn't understand. And so you know you've got. A hole and of people again as in this is not one or two people this is a bunch of different people. That are doing this including you know all around the world I mean because. When we talk about Amazon Alexa. We think of it you know kind of threw or US applications. Right or pierce on this thing all around the world so you've got to have you know election that can work in Spanish it's got to be on working Hindi it's got to be able to working metallic. You have all these different languages. And that's a lot of learning to program in two. This this piece of software effective. Chuck it we've heard anymore about law enforcement's. Ability to use. Alexa for you know criminal prosecution. Not the it there's nothing consistent at this point I guess. It's loser couple murder cases where there area where they wanted to the cops wanted to use. It's it's being I think it's being used in a couple cases actually but I I don't know exactly where we stand right now as far as the legality of using those conversations in different jurisdictions are not sure. Folks as we ate estate planning an asset protection become of Paramount importance to maintaining happy and successful lifestyle. Many families that go through this process. Think about transferring their home to their children in order to protect it from the nursing if you're not careful nursing home state and got your financial well being. In transferring property is not always the best solution because you're looking at a huge capital gains tax wherever that home is eventually sold. If you find yourself in a similar position you need to Todd lets these new guys it's called the risks and rewards of real estate ownership. Taught as a senior partner with Cushing and Dolan in the host of the legal exchange radio show. Taught or 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 rules state and his guide can help you understand how to protect what is arguably. Your most valuable pass called today for your free guide. At 8668. Story 5699. That's 8668485699. Don't put your hope that risk. Keep it away from your children's creditors and keep it away from the nursing home. Call 8668485699. Or if you want it right now go to their website it's legal exchange show. Dot com. Let's talk a bit about taxes chuck and changes to the tax laws that retirees should be aware. Yet the the biggest one just in talking with a bunch are retirees over the course of this filing season so far. Is that higher standard deduction. You know a lot of retirees. Get to the point where they can no longer itemize because they might not have a mortgage deduction anymore they're not. You know that their kids are out of the house seat out of anything there a lot of the other deductions have gone away so there's certain things you can't deduct any more just. At all or there's limitations now. On state and local taxes. And so have talked to a lot of people this year that have said. They look because of the higher standard deduction were were not itemize and anymore and we used to itemize for the last twenty years but now the standard deductions bigger than what we can itemize. It's generally speaking. Are your clients. Happy or unhappy with tax reform. Depends how much real estate they own that that seems to be kind of that he. The key factor at this point clients with a lot of real estate. Are particularly thrilled because they can't deduct all this property taxes anymore. If a client has one primary residence is no other real state of decline it doesn't have a ton of other stuff. In general they've been pretty happy with the but for for clients with lots of real estate in particular Ian high tax areas. It it is not being pretty for the news here. There's a pretty good tax break for charitable contributions for people that are over the 27. Yeah it's the ability to use charitable contributions. May directly from an I array. As you were required distributions of when you turn age seventy and a half. The IRS says pay all of that that tax deferred money that you've accumulated in your IRA. You've got to start distributing a portion of that each year and it starts about three point 7% a little bit below there. And so what you can do with if you don't need access to the money and if you're someone who's typically charitably inclined. You can make a direct contribution to charity from you war. A higher rate up to a 100000 dollars a year in this fashion in that can actually help as you're required distribution. So that's a good deal yet and a great deal you know you for those that are if your seventeen you're given money church anyway. What are much better ways especially with the change in the standard deduction and what better way to give money future and in you don't have to do it. For the whole R&D solicit no got a really big irony get a million dollar IRA in your required distributions 37000. You don't have to give 37000 to charity could say look I normally give about 5000. Great and do that charity and then figure out what to do with the other 32 that the government requires me to take out. But it's a really nice perk because it lets you can kill two birds one stone you make your charitable contribution but you do it using money that you might not need anyway. It's in eliminates the complaint that people had about not being itemize and take that your contribution as a deduction does yeah it does. A lot more options for five to when he nine plants this is actually terrific for parochial schools and prep schools because now. With 529529. Money was traditionally but he had to be relegated for the purpose of paying college tuition. Now you can use it to pay for your kid to go to Catholic memorial. Private school is now eligible yet it's anything from kindergarten through twelfth grade. Is now eligible for five point nine plans now in general. You the benefit of a 529 plan if you're not familiar with them. You put money and it's kind of like a Ross diary you put money and you don't get a tax break up front but it allows that money or tax free if you use it for educational expenses. So the real value reason allowing it to grow if you put money into a 529 plan one year and pulled out the next. Not really getting you the maximum benefit. The real value is. Hey if you could put that money and analytic gross still for 101520. Years that's where it really kind of you know may be it that's where earns its keep so to speak. And so I think yeah you you could certainly use if you're sending your kid do a you know private school and be a first or second grade. Yeah you you could use it there but the real values on the back and with you know a decade or more growth if possible. And then the with what's the estate tax now is that changed it for couple what is it 2.2 million bucks 22 point eight million dollars isn't that nice. That is isn't that ice it very few people an inning yo we talk about that Jeff Bezos of the world but the fact of the matter is. Very few people should be paying federal state taxes now. Yeah I mean I think even prior to this I think we around five to 7000 families a year that had to file for federal state taxes. This is spouse it's it's gonna be maybe a couple thousand I would imagine. It the markets are in negative territory. The S&P 500 is down three points. The Dow is down 56 points the NASDAQ off fifteen points. Crude oil down but it actually goes down dollar for per barrel. And notes the Euro is trading at a dollar twelve in the ten year treasury notes trading at 2.4 9%. British pound dollar thirty in gold. Gold's taking a couple technical just down sixteen dollars and fifty cents an ounce. Have a great day everybody we'll see you right here tomorrow morning on the financial extra.