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Full Show 4-17-19

Apr 17, 2019|

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

Yeah. This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up to date about economic and market trends plus get breaking business news every day. And now the financial exchange with Barry Armstrong and sharks done us. Growth in China beat expectations. We'll talk about just how that may happen. The European Union is proposing tariffs on fifteen billion dollars of US products this is all related to the boat story. And then finally. What's the latest on the Stop & Shop workers strike. We'll talk about all that and more hi everybody it's buried Chris calls with you here on Wednesday morning and I was kind of surprised to see that China growth story Chris. Barry I think most people are right is somewhat of a surprise. Second straight. Backwater right at this level but still below the level of 2018. So cautiously optimistic. Certainly some things have gone. And in a positive direction I think basically because the tension you know a lot of tension between US and in China and the trade toxins kind of lesson a little bit and I think most people believe a deal fair deal for both sides is imminent. So I think that is that kind of ease some of the tension in his has got them in the right direction but again. That's part of it the other thing that China has done is they've done targeted tax cuts and stimulus. And they've done a lot of government that you see that's the thing we're missing here. It is. You know Wendy the thank right now things are slowing down a little bit here GDP wise right well the thing to do then in what China's doing saying okay. Well if things slowdown we're gonna reduce taxes. And we're spend more money on infrastructure I guess that's the advantage to dictatorship as opposed to. Democracy in a democracy if the people to agree on. True true true. But you know and I think that's kind of why remained cautiously optimistic because when you. You're you're trying to manipulate the market trying to if there was some stimuli at the market to get. You know some positive and I activity out of it it's still not exactly Kosher. I mean it's it's still not true. I mean now it at some point maybe things catch up yeah that's stimuli gets you know production due to levels and even that can sustain itself. Well what they're doing their savings yet with there's what China's doing say okay. While international trade is winging her biggest customers. You know putting attacks on her are our exports. Then what we'll do is we'll do more work domestically. Rate will will do more will build more roads and build more hospitals. One thing that they've got to be a little bit concerned about the news auto sales Toronto last year it was a month since 1990 and that's one of the key drivers of their economy. So. So again that the stimulus I'm not sure I think it's a little bit artificial. Because you look right the first time since 99 gets a long time out. Of of of success. In that drives their market. You know and nick kind of pummeling in the first quarter. You know that's a really good look if you look at some of the other thing is a little bit Avaya trying to pick crisis right this I'm talking porky. He wrote it evidently is the some virus going through their point population which is. Which is really crushed productions have been a downfield I've been in the points percentage in the quarter. So that's not a good thing either so you looking at a driver like the automotive industry. You're looking at you know the pork production is down those are certainly some major hurdles that they're gonna happen deal. In Europe still trying to dig out of a hole they are now at the point where they're saying while we're gonna consider tariffs. All one. American products coming into Europe fifteen billion dollars this is all related to the Boeing story where Boeing is accusing. The European Union. Providing extra subsidies. To Airbus. And Airbus saying the same thing about you know about polling. Sayings and Boeing is not in compliance either. So you're electorate looking at a Q horse race between Airbus and Boeing. And Boeing is in a really not really an enviable position right now knowing that you you know they've had a obviously couple catastrophes. Yes. And then you throw on top you know they have all these orders for the 737 maxim now that it did not taking those orders so that means they're not getting paid on those orders right now Airbus has a real opportunity to seize of a bit bigger share of the market. So Boeing and president trump certainly are very very close as the CEO Boeing is very close of the president. Well they started putting down some some some tips while if this doesn't stop season assist. We're gonna put the terrorists like eleven billion dollar is worth. Michael O. Well India probably that is it it pre street this tree and historically. We knew imposed tariffs it slows down on the economy now maybe it's different this time I don't know maybe the president knows something I don't know and I'm sure he does. But that's the tradeoff historically has been. You know trade wars lead to shooting were the only thing that's helping his body over borrowing. Well as I am trying to play and make certain he's trying to necessarily knowing god in the fight because borrowing directly impacts the right and Boeing is. You know Boeing is as American. If the that he definitely has doggedly. The strike goes on at stoppage shop if you guys heard anything. Through the grapevine as it relates to negotiations. Or any progress being made in the discussion as big news well. No no hall of fame hockey players Libya on the premise today yeah. The there will know all of that I believe it if that cost to be need to be performed early today would be the day. Right there ray Bork utilize the medicine they had to go away. To this Pharmacia stoppage. Couldn't do it anywhere else. Yeah 31000. Unionized workers is still on strike and he and not only that. Reports MB 30031001. When it comes back and is proceed to use how to walk how to do right. How do you do he's having a procedure well that's been speculation that. The medicine that he had to do three to throw her on the age you know. As he walked up knee he was pretty heavy last song is east and on line goes that. A few years yes we took all that weight on what he has a collegiate game and on that at 180 dieting I really think. The problem is the weight he lost. He founded and then some more I'll seize back a little little robots these robust when he. 31000 workers. 240 stores. Are made that's coming stores they have. I guess they're trying to keep the stores open. And yet the Teamsters won't deliver stuff. Then crossed that line. I don't blame you know I and that's always talked about yesterday. Even the stores that are open and you get the canned goods he is having an a jock but we certainly can't go in the upper introduced would meet. In any date goods oh now it is funny when he but he servicing the owners but the date goods in the deli guy. Yeah. You know it just the the big dispute on this thing is over health care costs that that's why they're striking and that's kind of what we all kind of have a today an issue to help care health care costs that can consistently go up year to year. You know. Again. And did your wage looks pretty good sellers at the end of the day if it's health care well. I think they're going to be at the table for a little while you were a seller. And tea are looking at their health care premium coverage to the company. Is paying 92% of the premium for family coverage Chris. That's that's fair I can't tell you I don't as a private sector guy. 92%. I can tell you that we pay Tucker you know the our company base 70% in the employees' pay 30% that's a pretty good deal. Hot on in this nice 2% is an unbelievable. And you look at their their you know their hourly wages 2130. You know. I'm not saying I'm against the here again but it. It seems like they have a tough uphill battle here today to get what they want amnesty in the Sunday thing. You know anyone they wanna take a with a time and a half on Sunday in the not gonna take it away from existing workers but then they're describing and box out the existing market right. Right let that I went out on Sundays wears tie you major money here it when your I worked at a grocery store windows in college and you know I'd go work twelve hour shift on Sunday boat that that was the equivalent of eighteen hours. You know that that was the the the beauty of the twelve hour shifts so he did that needed another twenty hours is like your work full time junior college glory and you're you and produce. Go frozen food aisle frozen food section still have frostbite in my fingers so. The the uptake of the union was Smart in terms of the timing of the strike because. Easter week. Is a huge week for her style so a lot of hand. The revenue that they're going to lose. Is amazing he's talking about one point seven million dollar week. Yeah that that's a big number for a grocery store we are right a lot of hands gonna go on use. So who do you guys like. Looking at the facts on this right. Average wage to when he went bucks an hour. 92% coverage and in terms of the health insurance for which I was unaware and tensions. Via the pretty good retirement. I I as I look at it. I see myself OK if it's that bad right but he just quit and go market market basket right they if you figure being. Treated that unfairly or go work Costco or because they're plenty jobs in this sector. Wal-Mart wegmans right Ravi it by I mean so. Across the board seems like that's the highest wage out there and had a but that's me just speculating but no one Costco Costco pays very well toot their local work Costco well that that's my point if any and that's the question unmasking. To our audience. Do you support. The Stop & Shop workers who were on strike knowing. That they're getting 92%. Car on. And knowing. That now we've got to be careful on the wage thing because and I'm quoting from the globe here average hourly pay is too when he went thirty according to Stop & Shop with front end clerks. Averaging 1590. Per hour. While others line workers make in the eighteen to twenty dollar range so that 2130 probably includes like. The manager of the Delhi amateur authorities departments to. All those numbers you just rattled off still seen fairly competitive. You know you're looking at a you know a neat. A unemployment rate. You know we're reaching historic lows in databases. Once calls graduates graduate. And everybody's gonna have a job if you wanna work you have a job. So I picked most of these workers Crist probably are not caught well that's that's not the point I'm making the point I'm making is because unemployment so low. There are people for these jobs. I don't know if you agree with that but there there's people who can take spots of these workers. I don't know I I don't think there analyze the whole point that's I think where the beauty of their strike is they know damn well that. Stop & Shop can't hire replacement workers and I don't there's a labor there's a massive labor shortage in this country. Listen this I think when they think they have them the work. It is that. Because the margin is a solo. In because if you stop going to Stop & Shop and start creating a new habit of going down the street the market you may never recover those customers. Well that's significant. Like I agree with you there are our poll question is do you support. Stop & Shop workers who are on strike he can participate in the hole. By visiting our website its financial exchange showed dot com or Christi Texas but to hear your thoughts. And if we are reporting information that's inaccurate please let us know your Stop & Shop worker we've got this wrong somehow. You can text us will read your your report on line but we're being told 92% of your health insurance cost. Is being covered by the company I think that's very generous dollar to recover. Kerry every time he went to a grocery store is analysts analysts people in him so it is used shoppers are workers workers. Okay workers there's less and less workers and I for one I checked my own groceries. So there's nobody who's at you know the aisle that a man named the right there there's somebody you know so easy talk about the trying to fill these jobs. Once people leave. They're not gonna they'll. They're gonna shorten. The way the workings more robotics world knows what's. Right anyway. Participate opal financial exchange showed dot com we'll take a look at your comments and the morsels whether there. Mean this very good charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong in chunks of up on the financial exchange radio network. As we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful a nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking at huge capital gains taxes when the home is sold if you find yourself in a similar position any talk about these new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show 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 ticking away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well windier eighties you better have a plan for your retirement savings if not you might outlive your money hi this is chuck out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kinda question we can help you answer call right now 803934001. Get your free guide and asked about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com to. He's offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated I folks this is Mike Armstrong from the financial exchange I'm joined now by. Yeah I I go back to the first apartment that I ever rented us there were five of us in this. Franklin is 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 simplifying the whole rain collection process for landlords and property managers. And what we do is we we basically third individual tenants will debit and individually and patched their payments together that sends its. So landlords love it winners you know a single unit landlord or more of a professional landlord hundreds of units. They use this product. For the reporting the automated rent collection for the tenant. Rent splitting so it's it's been great. That's pretty nice you mentioned and most importantly it's completely reprise Harry 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. What 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 both the landlords and tenants attacks at a number of different New England local bank set up more we do we have quite a few institutions are all available on the rent dot net synching going sea and always adding new institutions. Folks again the name of the service is he renting you can get a lot more information by going to see 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 ain't member Sandra SIPC and advisory services arbiters securities America advisors thanked 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 text club tell us what you think 24/7. Right here on the financial exchange radio network. You know the results of our poll question. Somewhat interesting as are some of the comments are getting 781 writes. Perez loved crossing the picket line to do so whenever possible people elect their job let them go elsewhere some the beset for that. 603 writes what do these uneducated. Unskilled people. Going to do after they put Stop & Shop out of business typical union people. It's candidate I support management at Stop & Shop but we all though that the union is probably going to win this one. And I find these curious because I think back to do you guys remember the whole market basket dispute settlement years ago Arthur AM not RS. Right and so what you had was public opinion. Was very much in favor. Of the workers who were supporting the billionaire. Right. Correct they knew they who posted the Arthur that they like. They wanted him brought back. Right so they supported him and they and public sentiment public enemy and ways don't support the bad there but that was to help billionaire correct. And as an end in tears ago now a year yeah Leo for years later whatever it is. You've got workers going on strike yep but understand this though it was to support a billion and yet that was the bottom line but the bottom line was also the homes that were affected. That the people day. That they were supporting felt like they were being treated poorly by ot the rest is treated very well by Arthur. That's the crux of the whole situation that's why they got behind one the moralists not the other. No idea he he's had a history of you know really. Treating his employees at market basket. Pretty good in them because of that retention loyalties been varies market. Yet know the book the they run a terrific growth for store chain I just think it's ironic. That you know the public and the workers work admired. For their support of a billionaire. Verses here you've got the workers going out of stricken needs 65%. Of our listeners. Do not support the market the Stop & Shop workers. Yeah and I get that because they think of all the numbers that we just rattled off. Right yeah that 90% number is stuck in your head did well yeah it resonated. Picking up nine when 93% of the tab on insurance 98 to 90% of the cabinet Sharon's. There there wage generally across the board looks pretty competitive. It's really hard it's hard in that business because market baskets not. You know it's and the other stores that have court. Costco I believe is not using correct. I don't know all of gas. And the preacher BJ not union Citic and you know they have a better opportunity to be more competitive. And then saint stoppage and easily it. And I have family in. Stop & Shop Mary and the one of the biggest sticking points is that Sunday thing if it's an organ that this got to go for wallet site. Yet and it does not having to work outs and I don't know like you guys that such an hour's that's funny. Easter Sunday her out of action on an author openers a bit and any any like holidays are near holiday you know worked Sunday god. I've worked Sunday's. Virtually my eye care professional career bring it never got paid time and a there I never thought anything amity. Yeah it's gonna reports that is what is his what is you know if you want me to work Sunday talker tire right now triple time she. Well today and has gone on strike as Renault and Sunday at and the posters are normal court Drupal that he's. Well. Weights circuit but I put it. Hey let's talk about this big controversy over at Logan Airport Hooper let me be forced from the curb at Logan Airport I guess there's a big meeting at the end of April. That could force all looper lift. Passengers to be dropped off at central Parker parking and picked up the central parking meaning they won't drop you at the curb anymore. Barry you're the guy he unit guys still takes a camp. No I on the list I used lifted and did you know anybody who still take the camp. Well I tell you what I will yeah it's like if if I hit it lightly at Logan Airport after a while to Central Park with a bunch of bags. Take away optic in the taxi to cost me 2030 bucks for a pair. But he blasphemous and Logan. Getting any type of rye was not exactly convenient. I don't know if you. Polian and you gotta go personally you have a car awaiting treatment terminal B you gonna go upstairs. And you go to TNC need to up your car and not give me your bags coming downstairs. Now they get a rim of the war on exactly convenient. Wouldn't you mean you although it stares when he got to get on the escalator and when I in my golf clubs which don't not that. On the escalator. They talk more about this when we return we'll also go Wall Street watch Korea on a day where the Dow is down 23. Like this on FaceBook. And followers 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 do have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the 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 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 at Armstrong advisory dot com. 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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 already now 803934001. And that's 803934. Doesn't wanna get your free guide today or downloaded right now and Armstrong advisory dot com securities -- toaster is American corporate American wrestler PC advisory services are protestors hurt advisors incorporated parents are represented the arms are advisory group mr. is merged companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today you don't Berrian chug right here on the financial exchange radio network. Wall Street watches brought to five liter tank if you're in need of a purchase or refinance loans leader bank has some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way. And there local decision making means a faster closing call right now for more information 877. 6917900. Or visit them on line and leader bank dot com member FDIC. Might the Dow was down 23 points what do we know about Morgan Stanley and IBM. Well Mort that was open up this morning. Not a lot of respect hurting the sport and good. Most of that was going off there wealth management business that drive verdict came in there and share Ers haven't been expected. Especially impressive when you look at the bank if it I have read these earnings is all coming round. Being the duck soup mode division which were having but it does have much exposure to news so. Eight point. They had to deploy it but he. Good returns like image stuck up there over 2%. IBM on the other hand. Not looking so hot they'd they'd. Beat artery pressure air by a penny but they based on revenue there is now down I respect your years as their third quarter in a row. Where earnings have disappointed. That comes after some twenty in my quarters they had the worked have he. So. Really they're seeing a bit of a slowdown in there about your business they are having their big exhibition of Red Hat to expect this year that. Should be returning it's let the stock is down about two point lead so it. I'll tell you it Geneva from daddy's days at IBM have to be numbered especially if the Red Hat deal does not work out. Yeah I want to think so. Not a job that I would turn turn that ship that these. Now struggling. Presented by Peter bank called copper creek raid on. Purchase or refinance loan at 8776917900. Or visit them on line to bank dot com member FDIC. Over in lift we let's get back to that Italy has episodes of get resolved. Well we. So I think obviously that our preferences Hoover and let but now that said yeah. That a lot of money those medallions eight. Like six figures that there to operate a cab which Hoover and lift does not have a used to be he used to be a and it zero because of that. Right so it wouldn't wouldn't that be away Q. The cannon to to get that back to keep them make it some legitimate currency again would be too you know wishing it'll help me that drivers but. Now now there but it's gonna kick off the effort there argument it is everybody off their argument is that this too much congestion right. Now that we thank you very much yeah but but the committee I just feel like there's always been too much congestion. You feeling it's that much different now and then one was let's say you know ten years ago before over and lift after the break. I feel like the airports always linkages on more fearful. Of say casino trying to and I am of Woburn lit being cared. I think they'll be more. Problematic as far as getting in and out the airport then. You know people don't know over and let him because if you move them from the term to your point. You're right I think that and I think that's flows much. Really it. If you really want to slow down traffic going to the airport just raise the beauty and to the point where somebody says well just take us in that that's to the Boston where's that comes at a time. Right we re great report we can take the bus that the deterrence public transportation you to joking way and take the bus to skirt great question you know. It take the bus down the downtown that Betty. You could you can go to Natick and jump on a bus and it's accurate to term. I don't know all as you as I can eat it's not as a team but a lot of people do it you can do the same and even through his Braintree Lennox broad again. Unless you live at that terminals not exactly convened. He's still gonna get in the car and drive where every mom I point is. Yep would be my point is that if the prudent way to. Stop congestion re easy to say okay. You wanna get eat you wanna be. So luxurious private cart take one person to the airport. You're gonna pay an extra 102030. Dollar V all the sudden that traffic slowed him but is there wasn't packed but that bugs and jump on the bus but how about Massport they still have to make him. They can't eliminate. Most that traffic may need to. You pick up these taxes. These these rides and that's imperative he can't to shouted down that's what I part of the problem nobody sparking anymore. Rambled episode technical details as I didn't. That's that's on me and Logan problem that that's a process that. But again if you look up in jest let's on the map airport has major revenue shortages. Possible if it's it's a problem is. If it will lead but we'll see the if I just think the problem is. The answer is non. Okay you take over and let you make him go to central parking. Okay now you're driving. You're driving revenue back to for the caps is you actually yeah actually could work. Because if he took that off the table for over and let. Oh it helped and taxi right in the giving inspectors now only. Solely the caps. Well then those medallion circle back up again right. That this upcoming something of value him maybe a little. And they had made that becomes convenient so then they can charge a little bit more out of the convenient back. Without a lot of problems or her lip had never gone or under the same. Regiment or restrictions as the cancer might make a living as a caddie these. To Denver it's a day is yes and and there are. Underwater because they borrowed money to buy these medallions and campaign money. The mortgage applications to purchase a home increased 1% last week and were 7% higher than a year ago more purchase applications. Reached their highest level since April when he hit Anthony's. That's Verizon seeing strong activity in mortgage applications. And but but no resigning with that but no refinancing. So he's seeing you seeing applications but you know everybody has gone up a couple points last. Couple weeks so that at a slow down refinancing. You know but if you look at the housing market builders still build was not his hand. Yeah and they're not fallen out and it's still you know he has shifted from a cellist who buyer's market. So maybe if people are out there looking actively shopping. In rates or not let's see what they were a year ago is not even though they have gone up tick. It makes for some pretty good activity everybody knows in the mortgage business is incredibly busy. You know they're hiring. The voice companies get the money people conference and playing and playing a lot of golf. Could fit there. Apple and Qualcomm have agreed to drop all patent litigation were to talk about that when we return to the financial exchange. Does this send stuff to you know. I know you're portfolio. Keeps the financial exchange with Barry Armstrong and chuck signed off on the financial exchange radio network. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the 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. There is effort to secure his American corporate members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and companies are unaffiliated. As we age state claiming 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 to protected from the nursing home if you're not careful and nursing home stay can judge your financial wellbeing and transferring a property isn't always the best solution because you're looking it's huge capital gains taxes in the home sold if you find yourself in a similar position in the meantime let's d.'s new guide the risks and rewards of real estate ownership a senior partner with Cushing and Dolan and host of the legal exchange radio show Todd will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk to get away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log into legal exchange showed dot com. It's pretty hard to find a bank and as checking and savings accounts that can provide decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is Chuck Todd and I've been doing business with 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 a 2.3 5% APY that's 2.3 5% and it's a great -- presume my customers if you're searching for a great rate it's time to call leader bank at 8776917900. The number again is 8776917900. Or visit them online at leader bank dot com minimum -- open and current annual percentage yield us ten dollars 2.3 3% interest rates mass residents only fees may reduce earnings -- subject to change without notice leader bank a step ahead member FDIC. This is a special announcement for -- landlords chasing -- -- rent payments and making trips to the bank to deposit checks take a hassle out of round date with -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more would you -- your payments for each unit to receive regularly on the same day every moment tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally it just makes sense -- -- -- -- learn more call 8776917900. Or -- 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 -- back a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there aren't just vote go to financial exchange oh god come and test away. Apple and all com agree to dismiss all the litigation between the two companies worldwide and and forged a new. License agreement. Ending a long brewing legal matter battle. Or how royalties are collected on innovations in Smartphone technology. Clearly this was a victory for Paul congress. I think it was a victory for everybody. I think you they were biting off the hand that feeds both of them I think Baltimore having some serious. Serious issues aspire is not doing business together welcome lost 25 billion in market value just over this little. It's knows little fight. And apple apple Apple's most falling dangerously behind Samsung. Because they couldn't get the Qualcomm chip. And that that was a huge problem. In Samsung was a sport and have fort Simpson was a saint please. Keep fighting. Now you know so I I think they were forced into this and it obviously that. Hundreds and hundreds of millions of dollars and would win to a legal fight that nobody in the and would have won because. All they were doing was losing traction losing ground. And apple needs Qualcomm for the fight G technology can't live without. So so it we suppress. I think what surprised that it took so long for them there really figure it out took him that he'd go to court. In today or we need to figure this out. You know and they and they knock out this. The six year licensing agreement but that that should have been done -- long time ago because now it now you're running uphill. Yeah. And the if it's it seems I I don't know my impression of it was apple agreed to pay Qualcomm a certain amount of money for their ships. The chips are better than apple bought in the couldn't replace them with any competitor. And apple just didn't like haven't paid that high premium for those chips well. In Intel and Intel had a product. But there were at least a year and technology behind all. They had an inferior product. So welcomes like aren't. You know what we'll call you blog go to Intel and me in YouTube like I said it is cutting off for biting the hand that feeds. And then we're getting news it it would appear as if the T-Mobile and sprint deal is not gonna happen the DOJ does not like tequila that that's. He's from the spread. Because errands you know licences at. Team malls will be fine and continues to be nine but. Mean is only a handful of these wireless companies -- so you understand why there's some some say some serious resistance as far as allowing one of them to. But to a two to team up. You know. And there's going to be some anti trust issues as well. Sprint is taking a beating new stock trading roughly 20% discount it at this point in time. So yeah I mean they're they're in trouble again T-Mobile use is just roll out to him almost a pretty good that's a pretty good engine. Yeah but they sure want it to sprint deal meanwhile while we're wired Burleson now you mean you're still trying to attack the big voice. Mail in the skews you more. It gives you more share it makes perfect sense for them and it makes perfect sense for sprint who's really heavily in debt. But again doesn't make perfect sense that he you know the FCC. But the government. They have been doing business with leader bank for many years and it's not too late for you to get a great rate and homework each 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 close. You might be your first time home buyer refinancing for the third time but before you make any decisions on your mortgage product called leader bank. Your bank is the number one hole purchase lender. Among banks in the state. End they have sixty experienced loan officers throughout Massachusetts and Connecticut. Who are ready to help you find the best solution for your mortgage needs some of the best rates around. Call 8776917900. That's 877. 6917900. Or visit leader bank. Or visit leader gold center dot com for more information. Member FDIC equal housing lender and Somalis number 4492. Fives are subject to credit approval. Leader bank a step ahead. Well Elon Musk back in the news who in effect couple days that actually talking about Elon Musk would you think about this whole tweeting. And how. A couple days that's a lot for him so yeah he's he's he's bound to come back to a service needs a service well. He teaches us a bottom to carry it. So I mean that the whole agreement is is you know it's it's atypical. I mean the agreement basically was all right you can't tweet you can't say anything without our approval. So I mean that's an unprecedented. Agreement now the judge. Has chosen because Ilan really using content if you hold the agreement for what it. Says what is he certainly should be held in contempt. But the judges defer the judge I think because the the the agreement is so kind of you know out of the box. Has said well why do you Q&A list. Knowing me here she doesn't seem to wanna get involved. In this type of controversy with you know with the Eli you know it doesn't wanna be dragged into this circuit switches again you. On the judges always want the two parties to negotiate he beat the in any judge is gonna say you'll look you guys are better off work in this out. And I can promise you wish she said that the SEC Lewis. Work this out cause you're not gonna like my ruling and that she took Ilan asides that you need to work this out the SEC because you're not gonna would like to rule. Apple what's the point I mean what's the point they came up with a an agreement and it was an agreement was it was agreed on from Bob from both sides yeah and now he. He blatantly. Disregards like it never happened and continues to go business as usual. So they say what what you want to do when to go and beat him up how we go into the court system and file the town he's in contempt. He broke the agreement. One what's ironic is adequate. A lot of people are saying well let's just putter so it doesn't it doesn't matter who the fact that matters he went on CNBC. And made that statement where he did say the shareholder conference call opera made that statement these should be in jail. The the the SEC would throw the book at. You know. I think they've actually been very lenient but my perspective on it is. In I've been in the securities business since 1984. I think they've been very lenient with mr. Moscow over you know compared to what I've seen in the past when I compare him to. What I've seen happen to other CEOs. I I think they've been very lenient with them and I think that ethic gave the they know he suffers from mental illness. So I think that may be part of it at your own diagnosis. Notably he's he's manic depressive. It's you know if he's acknowledged that he suffers from. You know he's he's he's he suffers from their sales are down minus. Nine it'll. Kitty letting me how to be a separate from down night is that he is hoping the bad is it all right there that me think about the the agreement the bitten him. It would not asking a whole idea outside or don't hits. He can't help himself in the amazing he's going to help its up or not it's and I mean Whitney Bynum 25 million something and that's about 40000820. Billion personally the company did nothing Tony not gonna move in the now now listen this. If you pilots say I'm a hundred million in mind the company hundred. Maybe that moves the needle not because hit him. Personally but moves and he'll because now copy tendency to pains. To be well I wonder if he should really be serving that role here. He's not. Yeah he just said he's got some mental issues so. Probably not. Firming up the best choice believe the company. Permanent problem essentially a lot of somebody out of one. Do you look at a lot of these guys that are geniuses. Beer yet final. Aria thing as a fine line they they can watch it between genius and crazy. If he met a vis India adept at some friends today that are superstar there on the spectrum you know to Petraeus. Yeah yeah and then it's. You know I I can never tell whether there when their acting crazy where there's just an act or if they just can't control themselves. You crew there. Just proof that that your opponent might that's like going to might get the system crazy folks out there I do like roller Barry. I have some crazy friends and they're they're fun you know like it. Because they're so Smart in the you learn a lot from and then when it goes south itself. That's gone an he had the lines a lot of returns. Look at the helmet on. Tesla shares by the way are down three dollars and 54 cents at 269. Dollars. They're probably not gonna do much until this is resolved you know it's tough to. New tough to beat make the whole argument on buying Tesla. With this hanging. We're gonna learn more about it next few days. Yes and he's down two points the Dow is down twelve the nasdaq's up three points. And the price of crude oil is up fourteen cents a barrel at 64. In nineteen we'll be back with war. It just people's. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the Armstrong advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new guide the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get to -- and set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. -- you can download the guide right now at Armstrong advisory dot com. Securities offered to secure his American corporate members in SIPC advisory services are with the securities America advisors incorporated Barry Armstrong represented if 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 home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender ML customer for Portland to try zero are subject to credit approval leader bank a step ahead. The money matters radio network WB MW 11:20 AM 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. And something that's outside the stock market and that might be things like CDs bonds money markets but something that's not going to be. You know invested in the ups and downs of the everyday stock market when it comes to the different types of investment accounts out there. You've got basic brokerage accounts IRAs and 41 k.'s and even Roth IRAs. How do you decide where to pull money from and what to invest in inside those accounts it's good question and it's something that can really. Hurt or help you from a tax perspective I think the. Major inclination is that oh I'm retired now it's time to start taking money out of my 401K plan. But that may or may not be the best strategy depending on a how old you are are you signed up for Medicare or not are you collecting Social Security or not. Sometimes it's better to actually live off of your you know just regular savings in brokerage account my first and then go to the ironies. Folks there's a lot to consider when it comes to retirement income and we do revenue guide out titled five steps to make sure you don't outlive your money. All you have to do to get it is go to Armstrong advisory dot com. And you can download it for free. Again the guide is titled five steps to make sure you don't outlive your money in you can download for free at Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are 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 a pastor closing calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Amazingly there are studies out there that say many Americans have yet to begin to save for their retirement hopefully not one of these people but as you formulate your plan are you sure it meets every need you have are you aware of the circumstances that could severely impact your wealth had no fault of your own hi this is Mike Armstrong from the are -- advisory group I can help you answer these questions and others so we can work together on your money lasting as long as you do call us at 803934001. And get our new -- the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. There -- -- with the securities America incorporated members and as a PC advisory services -- with the securities America advisors incorporated Barry -- representative Armstrong advisory group the securities -- companies are unaffiliated if -- 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 estate space offering a suite of unique products in cash management services to help you collect -- managed Condo association payments and digitize paper checks hi this is -- is our -- bank -- state of the art technology to offer convenient banking services to its real estate clients such as a CH payments mobile banking promote check scanners and its innovative -- rent payment platform -- bank has a team of business bankers that are on call to help you and they'll come to your place of business to make it is easy as possible the number to call your interest in these services is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose -- bank is their banking partner call 8776917900. Or email -- BO LO 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 credited risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law just a buyback your own home. I'm let's do. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to own your real estate to two protected from the nursing home keep it away from your children's creditors avoid probate and not 'cause unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com don't put your home at risk 8668485699. Or log on to legal exchange showed dot com. This is the financial exchange with the Barry Armstrong and jokes are. You're exclusive look at business and financial news affecting your day you're sick leave your world stay in. For him to end up today about economic and market trends plus get breaking business news every day it's. And now the financial exchange with the Barry Armstrong and chuck son. Netflix had a pretty good quarter but their stock. He is down just a tad today we'll tell you why Martha Stewart Brand. Well it's been sold spent a new owner. And then finally the White House is. Took talking to candidates other than to gain and war. Because they may not get through the vetting process hired buddy it's very Chris Collins with you here on a Wednesday morning in. I looked at the Netflix numbers us that boy ain't anybody else would be pretty happy with adding nine point six million customers during the first quarter. Yeah but only one point seven here at all rate. I just wonder how much if I feel like fear in every home already having you know job buddy. Not even close I think that's why there's so. I think that's why there is so incredibly optimistic an incredibly dues dying you win this company is going because. They're just a fraction of the councils. So I'll let's talk about actors I think there are about sixty million homes right that's a fraction. We have but every account I've got licked my account has five users on it in my kids all use my count. There. Is so much room to grow as people continuously. Move away from the the traditional cable TV the traditional direct TV there is so much space in this market. Under this umbrella. The only you know you are right one point seven and home. Okay it's slow down a little bit but it's still has so much from the growth as far as people really. Activating in getting caught up in getting away from the old school this is going to be forever so well all these kids coming up. You'll take your eight year old Brad you're gonna grow up. On Netflix. He asked you the good thing it that I look at news item right I don't watch that much and my kids do. But I was thinking I just cancel it for six months you can always come back to it and if you can't look for six months or year than that we hold new set of inventory for you watch. The other thing the Barry Lewis the old coat hanger on top of the TV is not the market in trying to pick this up if proposal it was just the justice. But here's the other gap that I think that they happen I think they they they'd be addressed this. You know late now everybody's go to YouTube television or DirecTV now war Hulu. What's to stop Netflix from buying one of those companies aren't nothing's Iraq absolutely nothing. And that would be a stroke of genius because then with one count. You could compete with this because that's what disease to disease gonna say. Hey you want the sports package right now but ESPN plus. You want dizzy package we've got that and if you want to stream your television we've got that covered as well with Hulu and so. You know and if you buy all three will give you one heck of a discount that's a pretty tracked package Chris. If it's a great package but don't think for 12 ET ET will not be teaming up with Comcast and NBC universal. And they're gonna have attractive packages as well and it. I think it not gonna have Netflix now they're not you know and they have at this point and I've been the you know the 800 or 900 pound gorilla in. They've put more money into it and the lead to war. You know the investment that they've put in you know to their service. Aspires original programming. Inspire some of the some of the old program that goes along and kind of seasons around the original programming. It put in far and above more. Then any of the other companies. Now what are the best streaming packages right now Chris media a company I don't know that market as well it. I had like Lou I didn't really care for me I got DirecTV now you've got YouTube. Who else those of the those of the big ones and see YouTube's own by schools and they're not gonna do anything with Netflix. DirecTV now zone by AT&T back could be a package right that they have a prepared that I. I think the biggest thing we Tennessee. Now at that Netflix will continue to lead the way but I still think the biggest thing you know I think we were allude to this earlier in the week and Disney. Or apple buying is. An event that soul attractive. Keyon. You know. Swallow up Disney in the union dealing with a all those devices in keeping me in my title and a running start. And includes AT&T. Is not gonna roll over on this date just you know got ready there who willow. Who percentage. In there going all in which their own. So they're they're going to be a player and had a and we believe that not been. I think is that if you get Netflix all the sudden you pick up a 12030. Million users right away. Right if if you team up with Denver Netflix just says but as we misplayed Jeff it's not going to be sending teaming up would Netflix is going to be Netflix saying okay. We're gonna swallow you up. Or we're gonna start her own. Rightly or because if fate he seized the advantage they have is to your point here in many households not only in the United States but around the globe. Half of their users are international. And it felt a sudden they said hey you can stream you can have the equivalent of Hulu for live television. Along with Netflix but we're gonna charge an extra forty bucks a month hold now that's a juggernaut. Yeah it is a jet and you know if you looked at you know history shows that their foresight has been better. Than all the other companies in this race. So there's no I mean is no reason to believe that you know that they weren't quite where they want it to be. You know in this quarter there's no reason to be to believe that. You know this thing. You know what companies what 22 years old but really in the last you know hit and they've really got dole brand with the in the original. I have not heard one person to me in the last. I'd use it right you're gonna watch acts. In and not be a Netflix. And it is coming from nowhere else people love the people of it they've got quite a brand. Sequential brands group is selling Martha Stewart and Emeril let god sees brands to licensing and marketing company marquee brands. Per 175 million dollars. Martha Stewart is just the she's the little engine keeps on when she made lots of money now why. Lots of money why into its gonna die each went to jail and she still what could ever. Have a deal. You know who picture up what she got a jail. Now picked up the president. Donald Donald Trump yet but the Donald. Donald Trump gives up again went down there in his jet and Victor. There's private jet the a little investment as the Lula and they're just title and Lawrence. They just for its sports. I just that they see there you've learned something today Chris I thought it you do now Tucker right now. Is fact checking that that's yeah that's how whenever I work and not gonna go on the record with that just yet Tucker now. Tiger Tucker you know when I come up with a stuffy nose ID there except that it's check. It is you know right now it's OK talk to take advantage and I take notes and everything here that's why it's but the U. Do you like Martha Stewart man. Me when I. I knew her back in the eighties it would where you're from TV personality on the issues educator she as a caterer is in Westchester County. It will get too deep it we are friends in the eighties. So Donald JU. Martha Stewart mentioned that quite the circle. I mean less than we're talking about some crazies that hang out in your little circle and I thought about it Phillies play at its current fair and what is going on here. Speaking of players. Looks like Herman Cain and Steve Moore who is not a lot of difference. Are having trouble yet been approved through the process to be on the Federer or operate is more really different yeah. Obviously I know him pretty well known him for many years he's he and Cutler were tight right and gone unnoticed and noticing if the human you know. You get the beads yet that my friends. Ethel PF OB under batteries yeah or naming the show Berrian fronts that he's very different. Hey the Herman Cain. You know TV there's. I think he may pull his application that to be at sport where he's leaning push him. Steve. I need it right he Steve's I in my opinion more qualified. Then Herman might be and the problem is. I guess he's got a dispute with the Internal Revenue Service these two political barrier. Yet he has pretty political but. While Smart with balloons were collective easy going you look at the corporate tax code that was written. That has. That I can tell you two guys that wrote that were more and cut they are responsible now they will this have now. Anything to do with the that all the stuff related to the personal stuff because Kudlow told me. They screwed up the personal side in this therapy are Smart why would he not just get rid of reportedly 75000. Dollar. Acts we mean you lose EP dot Yost whose wife 75000. In child support for issues hurt or. Yeah and that's and then he's got a virus problems as well. And you know when you're going through that confirmation process do you really wanna sit there and talk about. So why would he knowing this you know being such a Smart guy why would he put himself out. I don't like this in in actually just have is being floated out there and the president put him out there when he knows potentially. Not only is that a disaster. You know PR wise but really why why oh why would spark I wanna go through all. Well listen Geithner got through right look at Geithner he gets her to have child support issues. Geithner had been hopes Geithner owed money the Geithner was broke in. Either thing is like after usurp on the sport you go around here make in. Two million bucks a year wallets are the games over if you if you're able to get through the process. Was there Powell late Janet Yellen who achieved Bernanke. Bernanke makes 23 million bucks a year. EU looking Greenspan peace deal and he's older than dirt and and he makes a fortune right so while Greenspan's household name. That group Greenspan Greenspan is a brand. You know he can make as much as he won I mean that's a brain yup a prince. Amendment at the all these guys wants to serve right you can go to the speaking circuit. And even if you're low level guy annual grant and realize that he's still gonna get through. You know I think Kiki I think Steve has the day if of the two. I think Steve has a better chance of getting your gut rather pizzas and set himself up for this. Governments cut it and thicker. I think the problem is Herman's got a few other things they couldn't to be from he's the all the sexual abuse the sexual. Harassment. That I tomorrow. Up next will be talking about top earners even the guys that are making pretty good money. Are having trouble saving for retirement that's our next topic on the financial exchange. Short little tour. Business and finance it's the financial exchange with Barry Armstrong and chunks on the financial exchange radio network. Americans are living longer today than ever before and that's a good thing but if you're healthy and expect to live well windier eighties you better have a plan for your retirement savings if not you might outlive your money hi this is tux out of the Armstrong advisory group our brand new guide out this month identifies five key steps that you should take in order to protect you against that outcome you might already have an idea about how much money you'll need during retirement but are you sure that amount will last for thirty plus years that's the kind of question we can help you answer call right now 803934001. Get your free guide and ask about a complimentary consultation with one of our advisors we can walk you through the process step by step and give you all the comfort you need to move forward with your retirement plans call 803934001. Or download the guide right now that Armstrong advisory dot com to. He's effort to securities America incorporated members in SA BC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna 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 to two protected from the nursing home he'd been away from your children's creditors avoid probate and not because unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com don't put your home at brisk 8668485699. Or log on to legal exchange showed John job. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent day queasy grand leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot net to learn more or call 7816418691. Amazingly there are studies out there 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 -- 803934001. And get our new -- the five steps to help you prevent Al living your money all of them are very important your ability to enjoy a long and successful retirement call today at 803934001. Get the guidance set a complimentary consultation with one of our advisors to walk you through this process step by step if you're worried about how living your money we can help call 803934001. That number again is 803934001. You can download the guide right now and Armstrong advisory dot com. Securities are with the securities America incorporated members and 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. The financial exchange. Is Cole a brutal England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. This week in the years 1775. Paul Revere made his famous midnight ride on horseback. In order to warn citizens of the arriving British we will be asking trivia question. About Paul reveres ride and listener number well the correct answer at the twelfth correct answer that we received to this question. Will windy fifty dollar gas card. In what specific. Boston neighborhood. Did hold reveres ride begins. Good question our tech's number 6356663566. If you haven't played trivia before they treat my first name it's Berry. At the beginning of your text message in what specific neighborhood did Paul Revere ride began at 63566. Even hot top burgers may not be prepared for retirement this is an unsettling story Chris. While we don't we know we don't say if your concern that even now. And we we thought it was exclusive to it meddling come in lowering come but none. Yeah I think people are still exists even today yeah at 3000 in nineteen still just kind of miss guided or are they just did not educated enough to know that you know we won't put 41 keys in the play. It was supposed to be eight peace to. To offset the loss of fat pension not a whole package. So you know people. I lose misconception. That are I'm putting in the maximum borrowing Camden Fine. But Barry as you and I know that's just a piece of the entire puzzle and if that's all your savings. Towards retirement. You're gonna have a huge well. Well in and here's the other problems that I've noticed Cruces that you know people invade their 41 case I don't know if you've seen it with a coworker not before it. You know co worker will say yeah it I've seen it with a employees or exit. Well how much to have in my eat it in by forward a plan say well you know take a look at your statement on you if you've been here for four years Uga 40000 dollars doing pretty well. Want to take it out to to buy a house you need about. That if they meet the one of the mistakes in my opinion that congress made. What is allowing us access system to money like hiring money. You can take it out that you put money into your diary Chris you can take it up your money penalty. It is your money. And Phil Phil is a challenge so it. If the government swooped in and said all right what's that money's it stays there until. You know prescribed age if they said that can you imagine all the backlash. Already trying to push that bill through. Yeah all of oh goodness. But the the BP the fact of the matter is you know back in the 1980s. You'll god pension plan. It's like you're your dad if you work say he worked for company. You know big corporation did he was receiving. There's no way for him to say I wanna hear a side. That's right that's that's the big difference and you know dollars and change that we went through in the 1990s. Before when Kapler has came out the seventies. But by the 1990s. Corporation's head determined. We need to get rid of these defined benefit pension plans and they did know very rarely. As a worker have a defined benefit pension plan unless they work in the public's. No really anyone who has them outside the public sector are people. Who are all. You elect a spouse email they can't wait to get them off the books you know espoused a husband worked for let's say Liberty Mutual for you know fifty years and in the white store hang around and she's one of the. Few people in that company is still get a pension. And they can't wait to get a drop the books. That's unfunded liability and it's an unknown. If you don't know. Gees you promised somebody pension of 50000 dollars a year when they turn 65. We don't know if they're gonna lift 75 we don't know the make of the study a hundred. It is incredible unknown now where we live longer we're healthier. Nobody planned for that when he pensions were developed. You know it whatever the the DH the guy was was considerably lower than it is now where. Americans are a living well into their eighties and then Ito on top you know you talk about going after an entrant taken early. Why don't college debt that plays into apologies. It kids got to go to college now where monogram that forum. I tell people all the time. You can't borrow money for your time he embarked com. Well in in the the other problem choruses you know you borrow that money to pay for college sailing near 5055. Are you running out of time. Eat your you're gonna be retired ten years. Time and time that would what do you do for work day like are you gonna want to work for FedEx as a driver when you're 67. I would say eighty probably not that's a physical job he probably you may want to be beaten up physically be capable of doing. So I'm waiting to see older people you see him at the end of the grocery line you zoom all the time you know you see him you know. Minus the stoppage he can't get in there. Jobs in the air because as a producer New Delhi service but that's where you see older people. Lee do you see a lot more older people continuing to work and you know some of them are are working you know because they want to community they're looking for something to do to keep it's moving keep the blood flowing. Keeps. But a lot of them Chris thinks it. You walk struck him in an exercise here's an assignment for home looks like like a physical exercise. Yeah this is going to break this down ticket price be may have difficult to hear a thing on Friday I mean yeah yeah exactly on Friday night. I want you to go to your local Wal-Mart. And look at the average age of the people working in the Wal-Mart on Friday night. What's the you're assuming that I go to wall. Well as though this is a work that you will pay you believe this is what is their. It's an expire but it's Friday night we'd be playing time and so I don't. If this vote up only basically got England Sunday I would pay time and out but on Friday night the products more valuable. Oh it is absolutely. East Austin bananas. It anyway. Coming up we're happy to answer to our trivia question we'll also be talking about bowling what they need to do to fix their reputation. Full financial exchanges alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. Are you thinking about transferring your home to your children in order to protected from the nursing home did you know that if you do you put added risk for your children's creditors including future divorces you really wanna read it checked your former son or daughter in law just a buyback your own home. I'm let's do. Partner with Cushing and Dolan and host of the legal exchange radio show once you know that not only does transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to own your real estate to can protected from the nursing home keep it away from your children's creditors avoid probate and not because unnecessary taxes get tons guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to own different types of real estate call now for your free copy 8668485699. Or download your guide immediately by visiting legal exchange showed dot com. Don't put your home at risk 8668485699. Or log on to legal exchange showed 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 date with easy grant leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free throw landlords visit WWW Doug's he ran -- 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 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. Security's effort to securities America incorporated members and SIPC advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally to just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step ahead 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. Home here in New England in the U might have place in Florida. Todd what a question that comes up quite often is. What are the implications. Of transferring your home to your kids in order to protect it from the nursing home yet that's one of the worst things you can do it makes my teeth which line really bad because. One you've given up control over your home two doors anymore. It and that's not a comfortable feeling of my client or to live there. Two if you wanna sell it to not York if you do sell where's the money most of the kids. Nevermind all that there's a huge tax implication that comes from this even if your kids are great kids right. If you its year. Ago thirty years ago you probably paid a little four. Now it's worth a lot. Right and you give it to my touchpad sale was tax free when soma house's tax free except it's not yours you gave it your children this example and that's the problem. And then you give them your basis. And if you give them your cost basis all that built in gain. Is gonna be taxed to the children so that's the tax prop you don't get that tax free sale when you definitely to your kids you don't that's a big bite. So I mean right there if you have given it to them now are now even if they agreed to sell they got to pay that. Acts that you don't have the money you'll forgive a 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. Called Cushing handle and for the brand new guide about the different types of real estate ownership the phone number is 8668485699. Its toll free 8668485699. How should you own your real estate call now 8668485699. You might not be able to keep up with all the latest business and finance news but we can fix the financial exchange with Barry Armstrong and chunks not a on the financial exchange radio network. After prosecuted Charles River by rowboat and slipping past an anchor British warship. Paul Revere it landed in Charleston. And then proceeded to ride. Through the present date Somerville Medford and Arlington finally arriving in Lexington around midnight so the answer we were looking for was Charles. Kevin who done it for you by then yeah that you're the winner at least is Kevin knows is American history. Kerry goes and you know you history. Some Nutley is an amendment remember that Paul Revere again right the British economy may ultimately we we used to hang out. Apparently everybody on this show you think this is tied with battery area for a just and there for a including Paul Revere. Let's talk about the 737. X. Unity it does look like they're getting close to fix. Willie how would you advise them of course in terms of fixing their reputation concede the kind of have a bad wrap around the world and regularly Bill Clinton 350 and you lose a couple of Jumbo jets out of this guy's in months. Right in months it's gonna hurt it's. Leave them. Yet so what do you do. So the PR campaigns. In the camp that he can't be big enough but no I think I would do a luxury brands. Again it wouldn't be called the 737 Max anymore that's what the president said the first thing you have to do is. It is a little bit about branding he does and that's kind of his game. So you gotta get the 737 Max he got to get that in the cults and the different. And then you obviously whether it be real war or fake you have to. Put out some type released that make you believe that this is a different plane that you know this is not. That was a different plane in the morning accident or in the north here a mall parking line he uses a different plane. Now painted up you re branding you might be need to go aspire is what those three and three is that is that this configuration. Three secrecy you're talking about now and you might need to make it you know who went to lower nineties and two in Cuba may be. Three in two and it changed you and at the drastically change something to get this in the spank its banks. You seven Teresa and Max and they did the right thing finally saying you know they're gonna send them back in we were on board would would more training. And you know but it took them a long time to actually can only. It sure did pitcher debate and elevate their would hurt their reputation is when these two planes went down. Eat that dvd and call the companies they beat the they never called the CEOs lines there at that geez I'm really sorry about this you know they both. They unity in that as that's arrogance. Well it is and it's kind of like well we got a five year order backlogs so kiss our rob the well you know what people are canceling their orders. As a result. Well you know you looking at you know the cost of doing business. You looking at a obviously very competitive industry if people if you if you losing a segment that lets us that you wouldn't percent. Because your flying those jets you can't afford. Right right you have to make you some type of move that. No re claims the the confidence of the public and asked what comes out to you Tucker skin on a plane. And the body as an artist is supposed to be up in the up and flying again I don't know if he's gonna put the little cherub on them. Dole white delight mikes and you ahead when doc has on the plane because it's a natural party. Did they are going to be far away from the point he's got her out to go to bachelor he's got to learn shore. Sure when he was as I've taken them to these things got a national party here and here I don't think that a fair enough but it'll recommend. They folks you know as we aid to state planning an asset protection become of the term out importance to maintaining happy and successful lifestyle. Many families go through this process think about transferring hold to their children in order to protect it from the nursing home. If you're not careful and nursing home stay. In your financial well being in transferring your property is not always the best solution because you're looking at huge capital gains taxes. When the whole missile. If you find yourself in a similar position. You need outlets east new guy it's called the risks and rewards of real estate ownership. A senior partner with Cushing handle and host of the legal exchange radio show. Todd will break it down for you piece by piece and in turn it will help you would probity and unnecessary taxes. There are better ways to own real estate in this guy can help you understand how to protect what is arguably. Your most valuable last call today for your free guide 86684856992866. 8485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing them. Call 8668485699. Or log on to legal exchange show. Dot com. Speaking of flying. Big news for people who spent hours staring at maps on a plane. I must confess I'm guilty that they give them one of those long. What surprised us like prince of itself for you there today he thought the prize this is very written all over it. It has. I'm not the most as you may or may not post about the most patient. No that I know it's a shock now. But I do spent time looking at the plane is kind of boring or use the plane in and you guys I'm all magazine don't you think it removes one mile. Milliseconds. Now I I I listen to music with Thorpe at the yes this of course. In that this thing is pretty cool Berry. I thought atlas. As you can actually kind of zoom in like you say your flying over the green canyon Italy easily into the drinking. What's a little bit better than that. If you flying over let's say flying over the Grand Canyon is gonna give you an opportunity to let's say that by the the that the four. You could by the poor old Grand Canyon human and and when those mule towards a helicopter tour. It to a flying the Disney due to volume purchasing Disney tickets yeah I mean think about the possibility for flying over Vegas all the ING could buy from your plane seat. I mean does is good my illness in those huge money. And and for me part of the the flying experience has become the television. Right I I think it caught alien I consciously look for flights of that long flights you know everybody here in New York as ruling. Just watch your phone I just watch stuff on my phone and download stuff from. I'd rather have the TV it's just the biggest screen. You know and a lot of times and at the bring out the laptop. Yup you put an end in the real time like I bless summit Lewis from Florida it was delta. And there's again the game I wanted to see that they were in March Madness okay yeah. Can. I could not keep you you were ultimately I am not. Just looking at the map in this plane and that little replica replacing. It would be nice sort of connect the world. It would be nice to be connected when a plane when it well talent real life by a message. I guess that guesses the whole play an email the hole whipped at what service again. Does that go go into that and that's what it would deal today for the actress stories every day we eat you pay you know one. How much. Tickets I think for the day mutant get a for the day and once it's under ten dollars. Was it any good though is equality and get them the problem with some of those things is. And it was in the from the case with the Florida trip but by a few over water. Yeah like you're going to Jamaica rumba tonight. Can easily go to her once you go over water it means there. The TV everything's that's right that's exactly and that's you know that's not it's got to be better date they need to improve. Your your Internet service on peacefully and. I think they will admit that it's still very new listen it was a timers just jetBlue now. Delta's TV is way better than you please visit gags Delta's TVs that cost movies. Show whose sports it's got just one more a lot more options. And Maine and that's a great thing for me. Because delta is jumping in load in the right there increasing flights to a lot more delta flights going out now. So I think well they're gonna rival jetBlue and us. As a lot of people pretty loyal to jetBlue but. That you look at all that. Have been doing it up for me it's a good airlines canceled at airlines it's got to be better than Americans America's worst. You know I'm Diana in on my stances. To merit where it's America it's in right when you get status they eliminated all the flights that I needed. Right so hence the reason now I'm moving on to. Other past. Bigger better thing sorry. Coming up we're talk about traditional auto makers in why they are making China. Their launch pad for electric vehicles all that and more coming up on the financial exchange. And include. Reid chuck in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age the state claiming an asset protection become of Paramount importance to maintaining a happy and successful lifestyle. Many families that go through this process think about transferring their home to their children to protected from the nursing home if you're not careful a nursing home stay can judge your financial well being and transferring a property isn't always the best solution because you're looking it's huge capital gains taxes when the home is sold if you find yourself in a similar position in need Todd let's d.'s new guide the risks and rewards of real estate ownership. A senior partner with Cushing and Dolan and host of the legal exchange radio show on will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes there are better ways to own real estate and this guy can help you understand how to protect what is arguably your most valuable asset called today for your free guide at 8668485699. Don't put your home at risk 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 provided decent return but if you're in the market for one got to deal that you're gonna wanna check out hi this is 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 -- -- businesses no minimum balance required and no monthly fees but that's not all leader banks who -- savings account has just 2.3 5% APY that's 2.3 5% in -- a great -- presume my customers if you're searching for great rate it's time to call leader bank at 8776917900. The number again is 8776917900. Or visit them online at leader bank dot com minimum deposit open and earn annual percentage yield 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 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 -- with the securities America incorporated members and as a PC advisory services -- with the securities America advisors incorporated -- -- representative Armstrong advisory group the securities -- companies are unaffiliated are you thinking about transferring your home to your children in order to protected from the nursing -- did you know that if you do you put added risk for your children's creditors including future divorces you really wanna write -- check your former son or daughter in law and just a buyback your own home -- do partner with -- and -- and host of the legal exchange radio show once you know that not only -- transferring the property put your home at risk but he can also create huge capital gains tax when they sell it there are better ways to -- your real estate can protected from the nursing -- keep it away from your children's creditors avoid probate and not -- unnecessary taxes get -- guide to real estate ownership today by calling 8668485699. This free guide we'll show you the best way to -- different types of real estate call now for your free copy 8668485699. Or download your -- immediately by visiting legal exchange showed dot com don't put your -- at -- 8668485699. Or log -- to legal exchange showed -- job. 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 it. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. Electric vehicles are getting off to a slow start here in the United States. But dear gaining rapidly in popularity. In China. Why did speak mass adoption. Porch electric vehicles in China compared to the United States de Chris what does that mean for your golf cart. I like Alexander are you sending and you have you driven one of drew in a Tesla. Okay will logistic. On the nice test. Yeah I mean insides there. Right they use the receipt of your current Prius or anything like that Chris now no interest. I'm really is no interest in and I and I am of the club I live in a live in Prius central Jamaica Plain. Mean every other house told us to. I gotta eat you know it's the use the date these are people that don't like paying money for gas you evidently really address. German. That we kind of mileage again. When I don't drive a German guy drove home. Yeah it's great image files. Drive a Hummer then you know I mean if that one of those. But China let's go back to the story giant well that is I believe they're blue and electric personal crowd knows. In the cars smaller. In the people gently us. Me too product out of there is air. In killing 3000 people day people. Nobody air qualities of that day as part of the motivation. It is in the mandated that certain percentage here we're still working in days but it's 8% of car sold in China. Have to be electric so what do those things they produce anything and that it exhaust in. Chart up but the way you create electricity it might be causing. They're burning coal creek actress. There. Unimpeded to pay Paul well they're they're also moving those. It is you know that is their finger at a solar. Weaned they've got nuclear. Alley natural gas city. They're trying to get away from coal 'cause they have a real here. Not just that it they're polluting the world that are also polluting kill people I think that's part of the reason. China is me. So when you. He said Brian and I get that the gas and electric car how much thought process went in was the quick. Well not anymore the gas and done quietly Q I drove it Tesla and I liked. And news that was. Ignited by us again it's ridiculous to spend a 100000 dollar car. My people you know people on my network who have restless via music couldn't afford to and is now rebates. When him. Did the numbers it's still even had a six figure it. Still pretty it's it's well compared to a BMW. Behavior like you couldn't get by specialists were. The ones I won world 10000 acre here 120 acre I was gonna pay that for that but I never also been. A guy that was spent seven theory on the you know on my budget is like thirty correcting. Six Natalie spent money in Carson the I'd rather buy stock car. But rather buy shares of tussle and so so current and he supported Elon Musk. I've not own shares of just like you own shares of General Motors. That's the extent that the feel good about him. I do. Would you like it do you guys understand interest is at your wives stupid the that your next IPO after Hoover. Do you like what he's. It's information. Yeah it's information it's things you liked it to play. And I mean that's why I've dabbled in interest rarely Berry early. Like you're out of there there are a result when there are recipes. On interest and I whether I do stumble on out. But yeah you're right it's I think the number was what 8580%. Of women on on interest which makes cents or. Yeah and go public tomorrow should buy a share for your wife talker. Bill will not be buying any shares of entry so I'll make a prediction on the on the interest Pia Coca similar. The FaceBook similar. To. Lot of high what do you base that on hype there. Can't people in of people really excited. Over really the that the lift. Then it Hoover in the interest people really in the same. Place you aspire him mentally. And it's over hyped. So it's gonna jump up and that's gonna come down at these and and then it's gonna stumble a little bit and then you know month or two months probably closest six. Gains traction comeback as a shouldn't lift earlier this morning it's trading at fifty dollars a share right now. Which is open that. It's lit up as high as 78 believe they opening day. To act like 287850. Well. He waited I mean. Nobody said late Wednesday. Short term deal. In I'll obviously in the IPO with all that type of hype surrounding people think that rates on you know twelve hours trading. And today its hole and let's let's agree company in Eliot it was lockouts. Even someone like yourself and it's it's open him that has moved away from camp since lifting. Lift all the time. I use it to ease lifter he's super gross. One and I think I have it was formed well before that was out had a Mozilla. Whatever and as you try a little cheaper little cheaper is it a little bit yeah housed Neuberger two yeah. Same drivers enemies like if you believe that the same writers they doubled and oh yeah sure they've got both apps open what they just turn off the light Italy plate racing in the window seat uber sticker and it to lift light yup there. It's not uncommon ability are financially better off if they can work for one company as opposed to boat they're better off thing in terms of hitting their bonuses. But the you know most of Lamar hitting those bonuses anyway so they just say wanted to turn the apps on. And you know it worked for four hours or whatever they're gonna do it just make as much when music and those four hours. Of people get rich or not rich but they getting comfortable. And with us as they first job or second job. I I talked to you know like all right we talked to the drivers to hear a lot of them are using it because of the flexibility last forever have a single mother. And she liked it because she can drive for a few hours that ticker kid to school. Drive for few more hours. Per kid up at school driver few more hours picker kid up from her grandmother's place you know so is like a lot of it was the flexibility. In the job and then you see a lot of retired guys do and it just because derives a lot of in the household. I always have an idea and again I use the service but nice to have a safety concern for the the single mother out their driving in when they're back. Whoever's in the backseat. Right just doesn't seem like it's a recipe for success. You know we take went crazy. Yeah but it only takes one Barry. It dare I haven't seen too many that those stores I've seen more stories about drivers assaulting Custer like on a weekend night. That I have seen the too many stories about the customers so that drivers. Folks that markets are open are down slightly. The S&P is down four points the Dow is down thirteen points the NASDAQ off two and a half. Crude oil is up eleven cents a barrel at sixty or sixteen in gold is down seventy cents an ounce and 127650. We'll see you tomorrow.