WRKO>Audio & Video on Demand>>7-29-14 Full Show

7-29-14 Full Show

Jul 29, 2014|

7-29-14 Full Show by Barry and Kim

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

Hi everybody -- -- strong here with your leader bank quick tip of the day I'm joined by GA to -- A vice president at leader bank. And how does leader bank help business owners grow their business. Thanks very we've had worked with a lot of small businesses. In providing financing for their business needs so I'm example of this will be you know your local neighborhood restaurants. Law firms. Technology company a manufacturing company. Really any sort of small business that is looking to expand. To grow their business and needs financing to help -- that. Meter -- can be involved. Currently we actually have a special going on where will provide. Business lines of credit -- business term loans. We have absolutely no closing costs. So we are actually and I prefer Small Business Administration lender and this is a government to approve that we have. We can provide these loans very quickly and seamlessly. And we're doing them with no closing costs at all until the end of October. That's fantastic. Folks if you don't learn more about doing your small business banking at leader bank here's what I would suggest -- -- at 7816463900. Leader bank wants to be your business banking partner he called and it's 7816463900. Of course she can visit them on the web its leader bank dot com. Or call them 7816463900. Where do you do your business banking today -- -- taking good care -- if not. Give a call leader bank 7816463900. -- leader bank. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered -- securities America incorporated member then -- SIPC an advisory services operatives securities America advisors incorporated Gary Armstrong Armstrong advisory group in the street America companies are not affiliated. When it comes to retirement planning you know the difference between the accumulation phase and distribution stage. Hi I'm Derek Greg our co-founder of SHP finance. In your working years your financial professional specializes. In what we call the accumulation phase. There experts and helping accumulate your wealth while your working. But if you have less than ten years before you're ready to retire it's crucial that you meet with a financial professional that specializes in distribution. Since 2003. At SHP financial. We've been helping clients transition to the distribution phase of retirement. We work with clients to create a retirement road map with a complete plan for your income investments health care taxes legacy in more. So if you're within ten years of retirement or retired. Give us caught SHP financial the schedule a complimentary no obligation consultation. A 5087446185. A log on to SH OP financial dot com. Protecting your credit and identity is more important today than ever before bad credit report can cause your car and homeowners insurance rates to increase and could stop you from getting a job or promotion the Bureau of Justice Statistics estimates that sixteen point six million people had their identity stolen in 2012. I count myself among those victims my name is very Armstrong and I want you to learn how to protect your identity and prevent credit card fraud we have a free report that provides you with tips on how to avoid identity theft. And it also provides you with the forms needed to request a free credit report. From all three major credit bureaus call this number 8668106422. And will milieu of free report that teaches you how to protect your credit 866810642. To the cost free and so the forms needed to check your credit call now 8668106422. -- Well its hold on your checkbooks and give her portfolio's break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Knowing and welcome to the Miami. Area. Today has always came here you don't know their I'm doing so well what a gorgeous day. Though let me let me ask him. Could you this morning when you stepped outside that it was July 29 or did you think it was September. 10. I was glad for air conditioning and sports yesterday and -- -- -- cool evenings you're great oracle August now I don't know how to operate -- by air conditioning guy showed that. Relief at a. We have to let our listeners know that. You know that the climate in your home is always an issue when the ball rolls around we alternate ballots here in the studio as to when you turn your heat on so we'll have to have that going in Israel the right and got pretty late last year I -- say. Are busy program for everybody today let's. It runs through the agenda. You know it's. Market basket story way it is now it's -- -- second segment be assured that. -- supposed to market basket that wish this story would go away well. So you know let's take a look at it and update everybody on what's going on in and time. I think -- taken adjusting angle and try to talk a little bit about the reputation of that supermarket chain if they can overcome this. Well it says it's a big issue we've got a professor Harvard MIT and Tom -- and dryness and he'll give us some thoughts is to. How they resolve this if it can be resolved a day we leave well we'll save that a lot of that will show you know. Is that there was a ruling in California camp. Where the judge has judge has cleared the way for two billion dollar sale of the Los Angeles Clippers we covered this story. And yes we certainly have well you know this is all by Donald Sterling. Not running to first wanting his wife to have VM the authority to sell and then backing off of that idea. After she had already come up with a deal a two billion dollar deal. Should take it to court the judge ruled that. -- the decision has been made and she can move forward regardless of whether Donald Sterling continues to fight with the NBA or not but I would think Barry. And she has said she will move forward so if she sells and by the way she's selling too on mr. Ballmer Steve Ballmer democracy is the former Microsoft CEO. If she shells this this. It's an end to all think well darn right it is done here at the issues at eleven days to -- Sterling Donald Sterling was at ease ease vehemently opposed to -- he's got attorneys representing him. Despite that he said to medical diagnosis of alzheimer's and. -- he well he's not capable he's not capable. Making these decisions which is why I think this judge has ruled in favor of mrs. sterling. You know I mean it. He he's proven it time and time again himself with the irrational. Behavior -- -- right I mean screaming out in court and his wife. You know giving her authority taking it away. Saying that he'll step away from the NBA saying he'll suit until he takes his laughter I mean it's just. It's really irrational it's a lot of money at stake in a lot of reputations and I think at this point near the NBA just once this guy to go away. What they want it done before training camp -- because the players are gonna show up sponsors -- -- coaches and comments and coach and yet everybody is in protest of this but it's not over. If it's not over until eleven days -- shame on the attorneys. Representing Donald's -- Sheila you and I both know this is a business. And that right -- and that's a business deal for them as charity there's money at stake in that. They're getting paid right they don't care about the NBA they don't care about this family they'll appear back in here. They should care about being disbarred -- that's the type of action you take advantage. An elderly man who has alzheimer's disease. That's that's -- they should not get paid whatever fees they're billing nation that's -- Are we had a torn -- in the year yesterday. My god. Well you know but now I'm gonna back up is I didn't tell you this yesterday we sit down here in the student at 10 o'clock I look up but our text line. And I live in -- and there's a text that says Kim. It's a tornado. Warning in -- count right now at a cancer Hampshire so you have just said. Everyone a lot of I can't just -- it. -- little -- up so I don't think you can thing to do is a very quickly text my husband. To say call home there's a tornado warning. So he called to check in on the kids and it at home which was probably as the crow flies from where this tornado hit less than -- -- As the absolutely if you were to fly over from -- -- -- -- to my house. But the kids at work absolutely unaware. There was nothing happening there there -- morning -- morning. In the year in summer from what I year actually sounded ten minutes right after tornado hit it well this is this is where I'm sort of going with fists or bats at ten straight up that when you -- So I got that I got word from someone. At 10 o'clock so why I even got word you know and started seeing it at 10 o'clock -- half an hour after party come through. So that's the scary part of this you know and I realize that none of us here are our. Particularly used to the idea of having tornadoes come through it seems to me the warning system and if nothing else the National Weather Service. Needs to be a bit more effective. The shock to me. Q and saw those votes were -- social media people there. -- lot and nobody that's. It has to be the combination. And the fact that it happened at 9:30 in the morning. So a lot of people are article on for work so -- not -- home although it's it's crazy in the summertime but. I think to institute the fact that I'm on vacation in her way. So thank goodness. Well good good news there and not so good news if you went whale watching yesterday. Divers have freed a whale watching boat that got stuck off the coast of Massachusetts. And the vessel could soon be headed back to shore after its 157. Passengers spent a long night seeking new -- -- -- Now for -- island comes let me just tell you about twenty minutes ago and arrived. Yes it -- -- It arrived. If I were these people on this boat you're gonna have to give me a really good explanation as to why you didn't bring in other bowed out there put me on -- meal. Batterers and that we're not talking about a cruise ship for 3050. -- -- -- to them. Why isn't just. And is Gilligan's Island you know at an -- they used to have people popped up on the downloads why in the world and he's put those people on the development of. As lobster pots are clearly mark. -- lobster. You do if you. Every shipment every bowl would be. So important. To keep that that's. -- -- There are a lot there -- a lot of questions if I were -- they would. Or you -- it gets up and I would have been on that -- I would have been thrown -- I just don't forget city off. Why don't make me swindles fifteen miles so forth there that's when -- post yes it came hours twenty minutes. It. It would make an offer compensation another I'm not a well. -- don't think -- I've got no interest in Boston Harbor occurs that's it didn't mean they -- pretty good reputation understand why they didn't. And also some Google will -- about that now. Earnings season is underway -- 162 companies reporting earnings that's par 76%. Of those companies are beating expectations normally runs 1%. 64%. At the revenue expectations. -- also good news because that normally runs 59%. In the and we case Shiller housing -- history. -- I just had some of the things that are reporting -- and keep and I I don't know if you. For the UPS report this morning in the mist in the UPS's had a bad couple quarters there. Their cell -- Ian just here's what you beat tonight are two guys were there both the executive level. And the driver. UPS he's reaping tremendous. Rewards with all of -- on -- -- what they're doing in the recent. -- Means they're hiring. You urgently. They're not productive and to -- the tree near investing technologies though. If our long term investor. Stock. It back I. Admire the week it's. Steady this company. Her at least twenty years. It would not be it. Based on the information. And -- I personally would not sell. Yours. I hear your. Doing better job that acts whose -- analysts that would check their Stockton and -- forming right here let's see. After the news this morning which they reported at about 8 o'clock this morning also coming down the pike today Twitter. At the big one. They -- very. It took to -- that is either subscription growth is tanking nobody's. The only people I know you guys -- David near every all all the media people love Twitter but you're the only ones the general public. Does not use -- to the the general public uses FaceBook UPS shares yesterday about it -- down three dollars and 42 cents per share in 99. Again it even if you bought it at that price you're giving a dividend of two point 6%. I think. I just think they're very very well run company and they're gonna make it. Second half of this year is going to be interest and -- Buffalo Wild Wings is gonna report today you know that's become a real. Favorite -- Among a lot of people so it's really gonna be on -- should run by a woman by the -- which I think it's -- that would don't feel that many wild wings does it again I think it's Resnick. And up and there are bread your favorite. Also reporting today so those are summed it -- people are very interested in Herbalife reported yesterday midst. They were down 10% before the bell rang how they doing now system. When. And then of course you know Federal Reserve. Starts are meeting today. So all eyes will be sort of you know you don't get anything out of them really to the second day into Baghdad you don't get much if they would probably start. Raising interest rates and body at that I'll tell you just learned what news story will be the morning. Right that is they don't you don't -- anything anyway you know Tillman. And then the other headline I think that's important for everybody you know is that it was a tough day Tuesday European markets. On European countries talking. Pretty strongly when it comes to sanctions and Russia. So on will see you know how that plays out in this country but it certainly affected markets on Tuesday in Europe -- Well here's our question of the day do you think that Arthur T -- analysts. That's the good Arthur. Will be successful in his effort to purchase market basket if you know the answer questioners -- chime in architects numbers 68680. When we come back and happen MIT college professor from the Sloan school of management. Telling you just how much damage has been done to the market basket franchise. It's. Barry Armstrong and comparative. Right here on the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fun. Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange -- -- a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home state. Unnecessary state taxes paid and folks who have given their home to their child. Just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do estate planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 866. 8485699. Hi I'm Joan -- and appear worried about your parent or loved one living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing homes even important financial information. They had obviously researched every place not just given me names. They found me -- place for which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of the way and to thank them. So if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you're struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time call now 804677530. 804677530. The best in business is right here. Barry arm stroke and came -- On the financial exchange radio network. You only give everybody an update on the status of the I don't think he's been much change. Now there's no there hasn't so alive yesterday there was an emergency meeting of the board and nothing came of it which I think a lot of people anticipate they would come out with. Some kind of deal made with Arthur T. But nothing happened. The result of that is that 68 of the 71 store managers have said now that if he's -- -- stated they are walking out of the of the stores as well. And the source continue to be empty and and that's it that's where we stand so we're still waiting for some kinda word from the board. We are joined now by tomko and he's professor that's old school of management and T Tom -- thanks for joining us. Good morning very good morning good morning sir we're. We're trying alarms round just how badly this market basket franchise has been with your perspective. Well every game that this goes on there valujet continues to plummet. And no hole biter in his her right mind would. A anything as. Fire sale prices if this continues. So there's got to be a short term resolution to the order for a there won't be much left. Well. In the -- Other than the real estate and you know that the shell retail business but not a viable as a going concern. If it almost from. But it's kind of a game of Russian roulette is it not. Well I think it's. Both parties have a lot all parties have a lot to loosen. The -- -- it was and use an analogy. But I think. All parties -- potential to promote winners if they were two. Except. Lose the opportunity -- to negotiate with thirty to hold off on the other bids. Asking them to. Bring employees back to work and they can rebuild customer base. Pending the restructuring of the company if there's a credible. Offered to do that I think you could start to restore. The value of the company and bring employees back and bring customers back. At that and that would have been my next question do you think they can rebound if in fact they move pretty quickly do you think customers will come back there will be that kind of support. The key for getting customers act is getting employees are confident that there will be a solution that works. For going concern and further. Interest and that means. Probably party to he has to be part of the ownership. Structure of the future may be employee ownership could be a viable. Component as well I think that. A real good option to pursue here. They have to provide some opportunity for the executives who were fired to come back and helped rebuild little doors and customer support. Those three things. Would. Bring employees back employed in turn would bring customers back in fact. You me and get a boost in customers support because they see yeah. I know employees. Really been treated with the kind of respect that they deserve. Tom how does RDT arrange financing for this type of transaction. Well the and number of ways you could do it clearly there are other private equity investors who are very intrusive and if it as a going concern and if so that they can -- The business model that makes sense that he is to keep -- that new business model the employee stock ownership plan has substantial financing options that. We're both in the interest. The employees and the purchaser. As well as the seller because there real tax advantages. To. Owners -- so. Shares to an employee stock ownership plan so that's another way do to help finance this. Quite viable. Do you see any way for party yes. To keep RDT out of the business and somehow revive it without Arthur T -- -- No I I I think that option off the table. The only ways that. He could possibly do it would be do. Make it a total employee stock ownership plan and that's not Bible and employees would turn 32 -- and I think that option has gone. And I and I hope that the independent. Members of the board of directors begin to see that it start an active rational. -- start to do their job. There there not to support courteous answer RT two years whoever their responsibility. It is to make this week going concern. And to do what's in the best interest of the company in the short run and in the long. And the best interest in the company in the short and long run. Find a solution that brings in employees back. Witness with strong support. That they can help rebuild customer base and rebuild this isn't. That's the board of directors responsibility and start exercise. Tom you see these kinds of you know businesses all the time and and follow business like this. Are you surprised at what has occurred in this in this situation in last week and -- half. All of this is the most remarkable. Event that I can recall and both labor history moderately industry to cut it have been around for the full -- But also the history of business in the last 220 years. You know we've lived through -- bureau where. The view of the firmness and largely maximize shareholder value this challenges that principal directly. And it starts to get Americans. America the American public certainly here in New England and increasingly across the country to seeing that. There is another view of the firm and that is one that it is that is responsive to the multiple political employees to certainly to -- to. To customers to the communities that support them. I think we've got to get back to that view of the firm and in this case. It is the best illustration. Quote -- orient it doing this we have to get out but thank you very much for -- cancer. This is the financial exchanges on the financial exchange radio network. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart and used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks -- But now they'll be debt free time in the -- 65. More importantly they reduce their interest rate and saved more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Cult leader bank it 7816418600. And -- for the ten -- get rich mortgage at 2997816418600. And by the way that I mentioned that would leader bank there are no closing costs to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14% annual percentage rate rate subject to change without notice all loans subject to credit approval member FDIC equal housing lender and -- lasts for 49250. Or are charged here with your financial exchange quick tip of the day joining me today from SH -- financial is co-founder Derrick Greg -- -- was recently featured in Forbes in the Wall Street Journal congratulations Derek thanks so much I appreciate it Derek you've been doing this since 2002. And I know you have a lot of experience in the retirement planning process can you give our. Our listeners some advice on the most important steps that they need to take if they are currently in retirement or perhaps within 510 years away from retirement. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yeah. Follow Mary on Twitter at Barry G Armstrong its Barry Armstrong and can interrogate him. On the financial exchange radio network. All right it's time for your first trivia question of the day. When it was Ronald Reagan shock you know like I'm looking back at this question and shortly after he was inaugurated yes it was he had not been in office very often very long. Before. That the attempt on his life if you know the answer to that question. You can text us our text number is 68680. And you have yourself a chance to win prizes we're giving away coffee mugs T shirts or beach towels. Win was Ronald Reagan shot 68680. Is or text number. Kim you've got breaking news that are recent news as it relates to consumer confidence. I do the July numbers are out of the highest they've been since October of 2007. The index reports that consumer confidence reached ninety point nine that's up from 86 point four in June. So people are feeling much better about the economy some of it based on some of the unemployment numbers that we've seen. And and of course the continued success on Wall Street so people are feeling a little more confident they have a little more money in their pocket. And I'm feeling a little -- of course this. Hopefully be good data we get the ADP report on Wednesday so -- work on that data isn't that comes available. Bloomberg reporting her case Shiller housing report reflecting that the Boston region. Housing prices are up eight point 25% year over year and two point 93%. Month the Vermont so housing continuing to be strong in Boston but not necessarily in all areas of -- Rhode Island still -- New Hampshire stronger than Boston's yes Connecticut still soft. Vermont. Unsure mean some parts of Maine very soft so it depends on where you -- like L east. You know real estate is very much a local market right because I believe the overall for the nation the numbers were actually down more than our sequential numbers were down. Right there apparently is some backing. 48. For allowing these migrant children to stay in the Boston area leader from Boston's communities of color support housing. Immigrant children this is it being reported in today's Boston Globe. Right well you know the back story to all this of course is that they governor has proposed that we take about a thousand kids. Who have come across the border illegally down in in taxes and housed them for four months. While -- week for an opportunity stepped forward judge immigration judge to determine if they can stay or not. I'm he's suggesting that would put -- -- some of these -- federal bases here in the state. And it's really been a lot of people who have said they don't want to see this happen. And and used to rally it's right big rally on Saturday. At the Statehouse or number of people there. A protest in this idea the governor says people are short sighted that they don't understand the full plan because it's only four months. I think a lot of people who are opposed to the states for months and then they will be free to to go where they don't like him. I'm in May before months that there stay on the base or -- happens on the base as a governor announced as to how many children he's planning to adopt himself with -- Here's -- is as far as I am a informed that there is no. He has got -- to ha. But this yesterday it was a little rally in favor of the governor's proposal and again this is a number of leaders of color. Who are saying that you know we we all are immigrants and that we should be open to this idea it appears that seven people and tents is. Now. I you know American I'm not gonna argue one way or the other of the house and buried. Stop it. And I can argue one way or the other but I am saying is that there. There is support out there for the governor's plan I think whether -- supporter and I think in the in the governor's going to move forward with a plan that he has proposed. What I think. He's suggesting is that he has said -- this is gonna start. You know so we know that there are giving kids have been flown to the state that they were part of this particular program. We also know that other states in new England and said -- -- I've done some research and for those of you I don't care where do you live in Vermont Rhode Island Connecticut Massachusetts New Hampshire or mean anywhere in New England. I challenge you to find a better deal on home equity line of credit. In what is being offered. By leader bank imagine this you could refinance your existing line of credit or refinance your existing mortgage frankly into -- home equity line of credit from leader bank. At an introductory rate of one point 99%. Its fixed for the first twelve months. Then the rate will go to crime for the life of that line. There are no closing costs with the leader bank home equity line of credit and that's rate is introductory rate is only one point 99%. They haven't -- free phone number that you can call right now in imagine this you can apply over the phone is that easy is that wonderful and it doesn't cost you a dime to make that call it doesn't cost a dime to apply. Here's the phone number. 8776917900. That's 877. 6917900. Is your home equity line of credit -- the interest rate on it higher than one point 99%. If it is I would suggest you give leader bank to call their phone number. 877. 6917900. They have loan officers standing by right now to process your application 8776917900. -- there are reports. Coming out of the Wall Street Journal by Miriam Jordan that. Lawyers and judges are worried that prioritizing hearings could undermine children's rights and we're talking again -- that is legally. Right right. You know it's so so the way to process my understanding works is that every child will be assigned an attorney. The attorneys will be will be on paid by the Fed. And and they will go before a judge. Who will make a decision as to whether this child left because it left the country they left -- to Guatemala for example. Because there are they weren't arrests there. If they. Politically. Correct it demonstrated -- Somehow appeal to the judge saying look back. Right that's right. And so what they're saying here is that they think that town. You know. That there's some question as to whether this process is going to be fair. I think the process I think it's almost impossible for the process to be fair because. I don't think that you know enough about these kids I don't think lawyers on the Internet companies that they have no we don't even know how old most of these kids are we're hearing that you've got 25 and thirty. Saying that their seventeen years -- -- and that's right. We don't know we don't know if these kids in fact really have that some of them were claiming. Did they have family here in this country and that's why they came we don't know that. You know we we we really don't know any that we have there there's people who step forward and claim these kids are there are there's we don't know those of their kids. So you this fast track they they're concerned about this because they think we're not gonna know enough about these kids before they go before judge I don't know how we would glean any more information if we shall work to slow the -- -- There's a report coming out of medical news today. Here is the blood test being worked on that will test for cancer. You know we really like to do little. Health news here especially if we think it's really relevant to a lot of people in the certainly would be relevant to everyone you know. You can you can have cancer in your body lung cancer for example. And you might have your blood drawn but they don't they don't run through a battery of tests that it -- -- treatment right -- actually which often wondered. You know I've heard of people who were in the hospital for some reason. And down hospital in three weeks later found that they had stage four cancer why would you never caught that if you were in the hospital the reason is because they don't screen blind. So they will -- limited screen -- What happens as -- said that bullet to a clinic right to have it and I don't use in Massachusetts. The you said it is clinic and the charge for every additional screening line. So if you're you know during your cell count has so much to do with what you have. Cancer cells in your body it's amazing to me that just doesn't pop up well. It did the point of this story is that this may become a screening they're they've just about. Perfected. At the ability to the -- any kind of blind. And it won't cost that much more and he would immediately put red flags up that there's cancer cells and about their cancer cells. And this would be so great for so many people because early detection is what it's all about so even if you've just gone -- for your routine. Physical and you have blood drawn is to just your routine test and make it I'd love him. Ronald Reagan was shot on March 30. 1981 who knew the answer might Canadians -- Mike is in Queens he's looking for beach towel today it's nice to -- he's headed to the beach in Quincy so well probably want to. I would imagine provocation. You're listening to the financial exchange I'm very Armstrong she's -- Kerrigan when we come back. We're gonna be joined by Jason Bulger from the Motley Fool and will be -- stock that's next. This as the financial exchange on the financial exchange radio network. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart and used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks bank. But now they'll be debt free time to -- 865. More importantly they reduce their interest rate in state more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Cult leader bank it 7816418600. And -- for the ten -- get rich mortgage at 299716418600. And by the way that I mentioned that would leader bank there are no closing cost to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all loans subject to credit approval member FTSE equal housing lender and -- lasts for 49250. Did you know that exchange traded funds have gathered assets at a more rapid. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so -- Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange -- -- a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child. Just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 86684856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Twelve best in business is right here very -- stroke and can carry him on the financial exchange radio network. We talk about stocks every day here. On the financial exchange and today we're joined by Jason moser from the Motley Fool. Jason are things. Doing great there you get out but every day but at a place that's -- doesn't get any better than that does the. Heard there are at let's talk about Merck cargo leave. The -- auto -- yeah and EL guy who I've never heard that what do they do. OK so the best way to put it to Mercado we -- like the eBay or it im gonna Latin America. That the company that actually was founded. Just just early a pillar and are back in nineteen and I just for 2008 and it out that it headquartered -- Argentina. Is it is something they've grown stale. From 2006. Into don't think they aren't built the B two million annually. To let your 4075. Million. It essentially what they do is is they run the e-commerce. Site or or Latin America they're big four countries Venezuela. Argentina Brazil Mexico. And they are playing obviously Internet that big e-commerce trends. That is is spreading the floor -- it now. You don't need to -- yet to the first question becomes people on -- what what prevent Amazon or eBay going in there just -- these guys out. It's actually released in a note that they had made an agreement with. -- -- It there was actually a non compete clause were eating wouldn't compete with Mercadolibre. In near je op unit geographic region. In that actually ended in 2000. And since then with that non compete having expired we beat Mercadolibre. You know they'll take off for the stock prices is. I'll do it and it's an adult the worth noting -- that eBay actually owns about eighteen that didn't. Mercadolibre cheers out the end but he still. Had an interest in the company at -- bit because they realized that the -- is really the first mover in Latin America region and it is really you know come up with a special. Now Jason the stock is way down off of its 52 week high of -- 145. Dollars a share. Is it headed lower duties -- give a price should we buy it at 85 or -- we put an order in at 87 or do we buy today at 91. We will that we love does not he worked 8090 dollars -- -- it's it has been hammered here recently and it speaks. You know there -- that there are more volatile. You know there's some more volatile -- treat the gonna play here because that. You know needed aid and international play it's focused on. -- countries that are a little bit let people -- He Terry doubled their current speed they're Venezuelan. Currency which you know offer -- apple -- -- written but when you look at these long term trends that are playing in their favor. -- GDP per capita of these big four countries is trending up. Internet penetration for the sport countries is trending up in and really I think I think the related IP on the eight years of the middle of comic. You know I mean that this is something that the World Bank Group recently released their leadership and for the first -- history. But America's middle class now outnumber the region's core I 2006. People that. You think about the application -- -- a that we have a more powerful middle class more probation more credit than ever. I'd be more powerful consumer and I think -- -- out of the race instantly reap the benefit here. All right let's take a look at Walt Disney the symbol Ford is DI yes boy that chart looks tired on this I mean it's it's -- it's packed two week high. Meager dividends. And buy or sell it with -- tell -- by herself. I think that's I think is that the -- -- by this is the incumbent a couple of with the growth there Mercadolibre. And the -- is yet -- at a phenomenal -- but here's a stock up almost. But 250%. There yeah this is not stopped that that double over economically I don't think in five years. We're looking at double you double what they do know is you know we have a final brain here it is the that just seem to continue to and -- virtuous cycle there were. You know we learned about it we we. -- on what is it we become apparent that we -- art he has just gone -- on. You know we almost didn't into the -- now a partner in the yeah I think a lot of people but the fact is able intranet metal leveraging their media network that he had the end it is became reality is things like that. That's responsible almost to their the companies operating in that year. Is. They're -- it's about the -- dot of the shining gem. In ESPN. Area and in Disney is ESPN does not have -- yeah absolutely Agnes. Absolutely no question about it you know world we're living in an on demand body now where you -- get content you'll watch what you wanna watch when you wanna watch it. The one exemption to that or is that real time dynamic that would -- if there they know that they're gonna continue to exploit that he really had. Such a wonderful. Penetration -- to get all the world. Gas and heating relief is late into the box and make an effort to get to get more more into the sports scene there -- they're doing a good job of that -- sport in general. But still very robust market opportunities there and -- to apple will get below what Bob -- is done here over time that the company needed. Try expect that acquisitions and marble. Are in the album could still I think Google paid dividends three years to come this is really just state the quintessential I had holed it. You know for the next forty years that you -- Ari -- you set a mouthful thank you very much Jason appreciate your time and elections. Two selections there Markota oh lead. And sesame texted me when you say -- cargo lead me I didn't know. I don't speak Spanish and easy Marquette thank you six and seven he helped me in their own it and Disney. I I I'm with him on Disney go crisis. He's so right I mean that brand is you just can't even tarnish it -- really can't it's it's mouse here's your second trivia question today. How many hours did Ronald Reagan do you remember this whole story but the air traffic controller yes I do -- the Ramones back. Ian August of 1981. If -- and -- over seven months after eight months now or any January regs and not even eight months he'd been president. On how many hours did Ronald Reagan -- to the air traffic controllers who went on strike eagle on strike. In 1981 and in the air traffic control the -- -- key ally. Crippled the country. And he said look you guys have a certain amount of time to get back on the job you know to this day you will meet air traffic controllers. It didn't come back. For sure and eight were relieved that they were -- he wasn't joking no he was not ignorance of you know the answer that question. You can text us 68680s. Text number -- looking for that answer how many hours to get there. Very quickly before we go to the break just want everyone to know here in New England we can be proud that -- biggest businesses here in New England it's drinking beer. The five top -- consuming states and two of them are from New England number five is Vermont they drink per capita 35 point nine gallons of beer a year. And number two is New Hampshire which he turned 42 point two gallons of beer. A year. Down down out of all of the -- I've not told you this before that's not really New Hampshire people drink and go out all those kids a unique state duke and. I heard quite a bit the easier and legal battle I remember these are -- legal aged dual core drinkers but ED here's the any time you look at study how much Beers consumed. Or state line art now. New Hampshire knows. That the reason is if you live in Vermont if you live in means. For the biggest consumer is Massachusetts residents at. Quarter. And it picked up their story makes it a fortune by doing your Smart -- but did he do that. You're listening to the idea to exchange -- care in an area -- when we come back. Rhode. Island state speech. Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive their inheritance. How about that daughter or son in law that you're not so -- Do you wanna see your money go to them when you passed away hi folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their hold to their child. Just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do estate planning. Get your copy now by calling 8668485699. Cushing in Dolan can help you protect your assets 8668485699. 866. 84856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing homes even important financial information. They had obviously researched every place not just given me names -- they found -- a place for which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't thank them. So if you're struggling to. Find reliable senior living information call place for mom this is a free service and you can trust them help -- If you're struggling to find reliable senior living information for your mom or dad didn't call or go online to get. Hi everybody Barry Armstrong here with your leader bank quick tip of the day I'm joined by -- to only a vice president at leader bank. And how does leader bank help business owners grow their business thanks very we have worked with a lot of small businesses in. Providing financing for their business needs so -- example of this will be you know your local neighborhood restaurants. Law firms. Technology company a manufacturing company. Really any sort of small business that is looking to expand. To grow their business and needs financing to help fund that. -- -- can be involved. Currently we actually have a special going on where will provide business lines of credit report business term loans. We have absolutely no closing costs. So we are actually end. I prefer Small Business Administration lender. And this is a government to approve that we have we can provide these loans very quickly and seamlessly. And we're doing them with no closing costs at all until the end of October. That's fantastic. Folks if you don't learn more about doing your small business banking at leader bank here's what I would suggest given a call at 7816463900. Leader bank wants to be your business banking partner he called and it's 7816463900. Of course she can visit them on the web its leader bank dot com. Or call them 7816463900. Where do you do your business banking today I think taking good care -- if not give a call leader bank 7816463900. -- leader bank. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered these securities America incorporated member and wrapped SIPC an advisory services -- -- securities America advisors incorporated Gary Armstrong Armstrong advisory group in the street America companies are not affiliated. When it comes to retirement planning you know the difference between the accumulation phase and distribution day. Hi I'm Derek Greg our co-founder of SHP financial. In your working years your financial professional specializes. In what we call the accumulation phase. They're experts and helping accumulate your wealth while your working. But if you have less than ten years before you're ready to retire it's crucial that you meet with a financial professional that specializes in distribution. Since 2003. At SHP financial. We've been helping clients transition to the distribution phase of retirement. We -- clients to create a retirement road map. With a complete plan for your income investments healthcare taxes legacy in more. So if you're within ten years of retirement or retired. Give us a call SHP financial to schedule a complimentary no obligation consultation. A 5087446185. A log on to SHP financial dot com. Protecting your credit and identity is more important today than ever before bad credit report can cause your car and homeowners insurance rates to increase. And could stop you from getting a job or promotion the Bureau of Justice Statistics estimates that sixteen point six million people had their identity stolen in 2012. -- count myself among those victims my name is very Armstrong and I want you to learn how to protect your identity and prevent credit card fraud -- a free report that provides you with tips on how to avoid identity theft. And it also provides you with the forms needed to request a free credit report. From all three major credit bureaus call this number 8668106422. And will milieu of free report that teaches you how to protect your credit 866810642. To the cost free and so -- the forms needed to check your credit call now 8668106422. -- The -- its hold on your checkbooks and did your portfolio break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Welcome to the second hour and Ronald Reagan gave those air traffic controllers 48 hours. To get back to work great they were fired and -- -- -- -- were there to hear that he did you scribbling mentioned. You can have that mean he just couldn't have that Philip new votes from Sudbury and Philip also there and it's down to -- -- for -- Well there's a story out of Rhode Island and you came across it it's about questionable contracts and they Rhode Island. Several. State beaches you know. I just cannot imagine that politicians might colluding you know come up with something he didn't look very good. But apparently down -- -- island day. They might have that issue and I think we've had that few of the state here in New England Parker -- again is from NBC ten. From the investigative unit good to have you with us today partner. You guys don't have politicians down there that do things don't look good deal. Course of course Jack I'm I thought that was the game. All right so let's let's share the story with everybody because actually this a big money maker for you guys down there RI. Yeah I mean. Look big speeches. The bedroom that he go in the last couple of look at it that ladder. So you know really not now the story. Is about questionable. Beach section contract. Daschle and you know -- go to the -- at eight year year and I waited. Audience and in turn it our dollars and up. That a French Fries you know more what fifty or so -- so eager are. These are coveted contract and neither did they get a lot of lot of interest a lot of -- On on -- speak each contract and so what we were able to find. On the -- -- we took a look at some of the recent it'd. And what we are state representative. Is now running. On managing. The inspection that -- state beaches while older is the chairman of the state Democratic Party. And what what happened here what that manager. -- initially won that and then withdrew what is it. And it renders a democratic. -- Then bite by default one contacts know a lot of competitors on your stay in Iraq. You know this doesn't look. The said that look out this now. You know at its hybrid all my friends -- vibrant entrance to a bitterly all of our company's. -- were all working together the allegations year is that these guys were working together. When that bit. But somebody else could it did more. Then head of the Democratic Party correct his or correct a bit like a 1000007 and a 1000005 of them. Correct it just so you're you're -- is clear. In the contract you're actually say the state -- -- that speak right. So you've got a lot -- a lot of money over five year. -- your standard for these contract. And the state rep who have initially won the bid then upn said he would have the money to come up would come up with he had some personal finance issues. So he had to decline. That's where he told us so that he keep that out he withdraws. Is his -- then get the contract and about. 426000. Dollars last understated -- getting less money. Now than than it would obviously not what. So if the two let's say they did get together and do this together and on base are insured the top bed and knew that he would come in second. And now they've got these these concessions stand. Have they broken the -- and anyway. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The attorney general had actually taken that to the US attorney's office in Providence. Because this could be it could be several possible there -- no charges have been filed. At that point. They wouldn't be investigating and you know -- -- in the paper trail because they're gonna go through all the emails Parker. And that's where you start out there was in fact collusion. Good for good good point as well you want to get the very late whatever comes out there. -- lawmakers will probably be looking at. Think that they can do in the next section that might. Prevent this from happening again. State lawmakers -- involve what state contracts. -- -- Very very interesting -- Parker thank you very much in you guys stay on top of this if anything changes charges come be sure the contact as would you. -- are you that part -- that's Parker gap again he from NBC ten down in Providence thanks very much. We want to welcome all of our new listeners on W each JJ my name's -- Armstrong Michael -- can carry with a needle exchange. We're here every day for a couple of hours talking about money and business speaking of business and money. Eatery colleges like -- well I think a lot of what it if you would it. I always -- -- course time and he Davis right sure you know I've got to I've got a son who has. Is going to be senior this year and we're you know in the thick of that we are two schools this past weekend and we're we're blast here in the New England area because we have so many fantastic schools schools in the world absolutely and in fact we -- taken program. And Ollie were at such and I'll be a big deal you know and there's kids all across this country who'd kill to be on the campus of but every year of different magazines different publications come out with their top rankings in -- -- basement all different kinds of things. We've taken -- kiplinger's before of course US world has their -- and world report that's the princely review Princeton Review and the web sites to. Apple knows. College tracker -- -- different web sites in the right it really the eagle so -- Houses. Food right exactly well at money magazine. Decided to change the rankings are bad for them that they carry the output the qualifications. And what they decide it was to look at you know colleges are so expensive so what is the bang you get for your buck. How much you spend for four year degree and how much the average graduate makes when they step out of school. Well the result of this was pretty surprising to a lot of people has a lot of people talking today. Because their rankings the top college in this country now. Is not Harvard if you are two basic -- rankings and instead. The top college in this country would be Babson College. Now they are basing it outline what you pay for your education Jerry and -- how much money you're making. Really all the way out there and they're not saying what did you get starting salary of 7000. They're saying how much money you make in ten years after grant from. Africa. So Babson College where it's gonna cost you an estimated 198000. Dollars for an education there. But the early earnings the early earnings for graduate are right at 60000 dollars a year. -- -- -- -- -- You know and -- jumped -- harper can order body know how that compares okay we're such actually -- Harvard wasn't. MIT. She knows that's the exception to I I wonder. MIT -- an MIT you think that's well MIT. Was. A 154000. Dollars for four years Corey. Coming out with an early career earnings of 68 almost 69000. Dollars it's actually more. But when they looked at all of of the value. That's you know because they also part of what went into this is how many kids get a job opera out of school. So there's a lot there's a number of other factors associated with the so you may be earning more -- paying less for some of these lower schools but what they were talking about is the ultimate bang for your buck and how many kids are getting. Harvard came in sixth by the way a 181000. Dollars with 55. Being the average salary know something that was pointed out to me. On -- is not included in this though is what kind of debt these students carry. Because so many kids from Harvard school and they go to school line. Hop on election scholarship and and grants and that kind of thing a lot of these kids come out of high percentage of kids come out of Harvard without debt. Whereas maybe more kids coming out of -- may come out with more debt so on that is sort of an interesting angle I mean you know. -- the way I fetuses. If your school and you fall in the top fifty period regardless of which one of these analysts that might be you know you're you're kicked -- greatest -- Some of the other notable schools on the list though -- Mean maritime academy you know why not the they're doing in the marine engineering those kids are going to work for British Petroleum. I think you've got Williams College number fourteen Yale University number. Fifteen an -- college numbers -- always making a great showing up brown university in Providence at number nineteen Dartmouth College. At number 24 we visited Dartmouth College earlier this year and Bentley University. You know at number 28 on the list and it's something that that I find quite remarkable it's it's. I'd like this I -- -- idea I I prefer this rating system. To the US news and world report but personally. You know folks if you're really interested go to money magazine. Go to their website and take a look because in the -- liberal colleges to connect to break it down into. Colleges you can really get into. And you know there's there's so -- Out some really great schools out there that kids who maybe aren't at the very tip top 1% of their class. Can get into and it's really because that -- broken down some interest in life. You're listening to the financial exchange on very Armstrong she is Kim carrying. And we're talking next. About one in three US adult had debts that are in collection I find it staggering statistic we'll talk about it when we return. Barry Armstrong and can carry him -- Right here prior to exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fun. Do you wanna see your money go to them when you passed away -- folks this is Barry Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do estate planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 84856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing homes even important financial information. They had obviously researched every place not just given me names -- they found me a place for which you could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who to thank them. So -- struck. In the -- reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you're struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time call now 804677530. 804677530. Text your questions or comments -- 68680. Its Barry Armstrong and can -- him. On the financial exchange radio network it. Got a bit of trivia question. -- real quick though covered this story and move on. 77. Million people are so far behind on some of their debt payments. That there account has been put into collections were shocked. One in three adults. As a unit is not surprising them there in collection can be as little is. 25 dollars tool whopping 125000. Dollars but the average amount of debt old when it went to collection. Was 5200. Dollars. Well. I'm I'm I'm happy to report that. And my husband are not in collection thank goodness thing you know one never knows but I will tell you something I'm gonna confessed something -- video. When I was in college I was in collection. I over drew my checking account by eight dollars and that ingredient though it. And I didn't use it all the time and you know how this goes it just kept going going going but also my poor parents get like the latter and the knock on the door. And I have been collection. At this point my eight dollars has gone to like 52 dollars. And my dad would just ring my neck orange because I had done that and I think college kids you know probably have a tendency do such things out of your kids big and -- ST impact. Yes tell me about you you experienced it yet with ramifications were. You think about that rate for fifty bucks -- you. You take your like score from 850. And it just keeps sliding and sliding in its let me tell you what happened to me. Ice I get out of college in nine need a car right and I agree and I had a fantastic job. I was lucky enough to get a great job. But I could not I could -- alone and I couldn't rent apartment. Yeah you know -- It surely -- -- how long dollars how long it was very it was actually very short. Because I stayed my first job I was very very short amount of times I was there about a year rented for about a year by the time -- went to the second job I was I was clear. So it was a short term thing but it was horrible Mary and knocked it out I'd -- -- is he still loves me today hit a. Worse state in the country for it is. 47%. Of their population. Efforts in collection seven. And ninety dollars. You know I hope people listen when -- city's casinos. -- -- If no wind is not an incident day Nevada. As an. Election. That's -- coincidence. Yeah it takes time to. Clean it up. It's it's. I think it's different now cam. It is back when you're expert job employers were checking your. You may detect criminal objector. And. But they were checking reports today. Any employer we -- sharper -- check for the future hires them. That's a real problem. Effort for folks. In -- Italy -- thank goodness for you know the fact that my parents covered everything and took care of me and you know and I was a student so I think that helped that if that chip off pretty quickly in a good job right out you know on the shoot and whenever but there. Now that's gonna teach journalists and real early -- -- They have an important announcement in this announcement is for those of you who live anywhere in the New England region doesn't matter whether your firm. Providence, Rhode Island Nashua, New Hampshire or Worcester Massachusetts or Boston Massachusetts. If you or your wife gets sick let's go through an example let's say your 75 years old and your wife get sick and she enters into a nursing home. The state that you resided again Rhode Island mass New Hampshire. They are going to take all of your cash until you have a 120000. Dollars of your cash left. That includes things like your individual retirement account your brokerage accounts or CD saving money market accounts even money that you may have inherited. From your mom or dad sitting and take all of your money down to a 120000 dollars. Then they're gonna sell your vacation property in place a lien on your primary residence assuming you own your primary residence. Don't let that happen to you you can solve those problems keep the state out of your financial affairs. You could get a guide produced by Cushing handle and it's called the top misconceptions. About Medicaid. Irrevocable trusts don't let the state take your home. Because your spouse happens to go into a nursing home it's important that you call and receive this information to guide produced by Cushing handle. The phone number is 866. 848. 56998668485699. There are those of you who might be afraid and intimidated by the use of Medicaid your local trusts I'm here to tell you. That your fears are unfounded you should call. Learn about these things learn about these trusts and more importantly learn how to make sure that your spouse doesn't go bankrupt. Because you happen to have a stroke or enter nursing home the phone number one last time. 8668485699. Last chance to call 8668485699. -- story coming out of Rhode Island Cranston, Rhode Island. -- -- A nursing it is not to go to nursing home as it is a home care that's right. It was a home care facility it was called the -- -- to home care. And they had 300 employees I -- total. I guess that would include some of their they're visiting nurses and that kind of thing and I guess there was some kind of accusation. Made a toward this this facility. On that said that they were not meeting the requirements. For collecting Medicaid and Medicare. It's never been revealed in this investigation there was a survey that was done within the walls of the facility right and that's how this was determined but the serving hasn't been released and they won't say what these these requirements were that they were not meeting but the owner. Wimps you know to to fight this and did not -- bright and was forced to shut the place down because she's not getting any payments from Medicare Medicaid in the difficult. Here is all the employees have been laid off right but all the people who were receiving care from this facility stopped receiving their care. In the -- the owner's perspective on this if she's saying. We were. Doing procedures before they were fully approved by Medicare and boy can ever understand how that might happen right I assure you walk into home and you see. Something needs to be addressed on with a patient right -- -- can wait for Medicare sixty days to come back and prove it. Medicare comes in has a different perspective on missile issue. And rules that ineligible for further payments she said that it -- she felt like it was just overblown. And I think she's gonna continue to try to fight but this morning muscles aren't lost Oliver that's it. You and you and your it'll lose the big clientele because they have to go somewhere else that they have to have the care they -- Here's your third trivia question of the day. When was Ronald Reagan first sworn into office as president of the United States -- know the answer that question you -- Texas 68680. Is there text number. Looks like there's a new tower going in with a seventeen to seventeen Storey tower that's going in near the project. We -- that there's a whole little complex right there by the prudential center on boils and street which is right next to -- conventions that are. And -- Their space and I've often wondered. There's a big open space there. Well let's face has now been developed there's been approval and away we got. So they're gonna build this on seventeen Storey tower there to complete that whole complex. Are you listening to the financial exchange my name is Barry aren't sure her name is Tim Jergen we're coming right back. With a story. About solar energy plan. Barry Armstrong and can carry him. Right here on the financial exchange radio networks. I recently met a couple who had a thirty year fixed rate mortgage at five and half percent. I suggested that they refinance with leader they were Smart they used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks I think. But now they'll be debt free time attorney 65. More importantly they reduce their interest rate in state more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. -- leader bank it 7816418600. And -- for the ten year get rich mortgage at 2997816418600. And by the way -- I -- that would leader bank there are no closing cost to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all loans subject to credit approval member FDIC equal housing lender and am now lasts for 49250. Very our -- here with your financial exchange quick tip of the day joining me today from SHP financial is co-founder Derrick Greg wired Derek was recently featured in Forbes in the Wall Street Journal congratulations Derek thanks so much I appreciate it Derek you've been doing this since 2002. And I know you have a lot of experience in the retirement planning process can you give our. Our listeners some advice on the most important steps that they need to take if they are currently in retirement or perhaps within 510 years away from retirement. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Follow him on Twitter I'd KK -- again you're listening to Barry Armstrong and -- -- -- On the financial exchange radio network. Ronald Reagan was first -- me as president on January 20 of 1981. And. Mary knew that she lives in Belmont hands. We think -- very much for listening. GC. In your neck of the woods TC many folks installing solar power. Hum I do here and there we were actually approached just recently someone contacted us from mom. National Grid to see if we would have some interest in doing -- we face directly east the back of our house does. So that would be you know not so bad. I don't see too many bad. During this is my area term let's go to. That is trying to get through. I believe it's the Massachusetts house. Good a barrier can. -- so it's tell us a little bit about the the big debate it sounds like you've got. -- solar energy a proponents on opposite sides of this bill in this legislation. Yet the -- questions. Basically it would expand the mandatory abound. Energy in Massachusetts that would come home from solar power. In the process of trying to reach a compromise agreement. They had -- strike some compromise obviously deals with the utilities. Namely National Grid. And and star and its parent company Northeast Utilities. So there was a budget compromises made that compromises are about compromise bill. And as a result. There's some people with and the -- and street. Really like the bill with reservations. And there are some people who have almost on all of art criticism -- -- -- that they gave away the shop. Or gave way he items in the bill. Now as a result lawmakers on. Beacon -- Are almost like -- their hands up in the air and just one minute they can pass such a large major and technical. Bill with that in that in effect the next Wednesday and both house and senate were that the debate and both. For the session on Thursday. Sounds like part of the issue is that the utility companies are taking a position which I understand they're saying that hey. If everybody goes solar -- and and beat him and -- and everybody out there put solar panels on the -- we still have to be the backup power provider. And. Eight they want to be paid for. It right which I appreciate. That is one of their arguments their arguments are that none of us should just ourself and we were don't live in the gulf and paying. Our electricity is generated -- -- war war. On our property there is still electricity flowing to in Rome. Electric grid system into each individual's house what does that have so war on. Him that's what they're. There argument is that OK these people would install solar on their wounds. Yes they should get credit there any surplus that one wrestle back. But that they can soldiers and our -- Right right and -- using us on a cloudy day in January that you aren't that much in Massachusetts you don't get much. Often years solar power in January right even December -- the is probably so early works in New England. Maybe 78 months a year where it's really efficient. Right then and end. They've become argument that does make sense that there's. Wonders if not thousands of people who signed up for program. In which they were promised so so called quote zero out that you can actually get. 80 on your bill. Every single month and that's what they were pumped up until now so you can almost Steve like in -- -- not quite all of the rug out of them. On that they're still gonna gain tremendous benefits by. Generating a lot of energy. That they don't need and and effectively resolved. Of the same time you know -- that were made a promise. You know that you could zero your bill -- whether that was -- are -- the first places. That's another matter and there are people make this kind of a principled stand on and there's -- many other issues that people own bubble. Do you think that bill passes this week. Outweigh I'm a little bit of both political cynic here. I just don't know what it is the Massachusetts legislature and -- just. Can see it going either way and I conceded. Being passed you know part of larger bill and the last session that a lot of other things at the last minute to. But this one's a little bit different it is a very complex so very emotional as you well and so it. Boy coin toss on -- as -- -- it looked yesterday that it might -- -- Notes just don't know. Ago -- happened in. The state house over the next with the. -- thank you very much for your time. You know this is an issue that's going on. All over the world right not just here. Because the you know I've got friends. That have Holmes in southern climates right work. Holmes in Hawaii. The Virgin Islands -- -- You think your electric bill is expensive here seventeen. Cents per kilowatt hour in New England right. You go down. To Hawaii you go to Puerto Rico you go to the Virgin Islands you're talking 506065. Cents per kill them multiple it's three to pour time inspiration is as expensive. And so the same issues exist but on a much smaller stadium. Where people want to be connected. To -- it because you want decorating -- hurricane absolutely or you you know quality game you don't wanna be without monsoons and you know ought to be without electricity and so. I think the compromise on its -- and the one where you have a deal you have your solar in your feeding back into the system. But they're gonna charge you. Eight V to be connected her to degrade in the talking -- wrote an article they're talking about five to ten dollar monthly the. To be. In on the grid even if you're producing more electricity dignity right and fall five to ten Bucks County actually -- to me. Turkish ya I would -- and an aunt Sharon otherwise -- -- to do. Is you have to buy battery systems and technology for the batteries and solar panel system. It just it's not there right it's it's cumbersome needs maintenance. From what I've seen my observations it too expensive battery technology in general. When you're talking about the power house call are just not quite the right absolutely and when it comes to your home in your power here and you're not careful with. LG is saying -- -- research the other -- from -- the big battery maker right they say they're close. To having. You know this battery technology coming down in price and -- in terms of its ports. It what's on Smith & Wesson a look at their stock for but it got some headline news I'm sure they would rather not. In the -- They are in. In hone in Springfield it's somewhere out there different. Right well the SEC. The level of fine at them because. Apparently they violated the foreign. Corporate practice act but they did was they were over to Pakistan yeah. And they need to 111000 dollars and eleven and lots of weapons. And sent a representative over there to give those out to a police department there. For free and to -- who they hurt -- some samples with a little bonus on the site. And Pakistan yeah in the end they got the -- contract for 548 pistols from this Pakistani police department. And they have some contracts are working on in other places Bangladesh and Turkey in Nepal so they're they're trying to pull the same thing you know -- worth buying contract. You know a lot of -- it's and that's -- or if that's yeah. It that you're not even allowed this is something that American companies so it it's competitive disadvantage. Because goodness of these emerging markets. You have to share in order to get the contract but if you're GE. If you're -- lesson if you're any American corporation you're doing business in the units if you're not allowed to bribe. The other countries anyway and yet I should say you know -- caught. Right after IE the country well in the end of two million bucks. No no impact on the stock for its stock price down nineteen pennies at thirteen thirty -- crater yesterday. And I may have missed it made right -- yesterday right now. Volume of shares 430000. Shares traded about thirteen bucks this year or you know -- Smith & -- have to go overseas stern gets some contracts because gun sales in this country have gone down some. Yeah after we had that the big push for gun control in everybody purchase a weapon. I'm now gonna you know yuk it really really haven't come back. You're listening to the financial exchange with -- -- Armstrong and Jim Kerrigan when we come back and take a look at New Hampshire home sales. For the month of June. -- this is the financial exchange. On the financial exchange radio network. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart and used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks thing. But now they'll be debt free time attorney 65. More importantly they reduce their interest rate and -- more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Cult leader bank it 7816418600. And -- for the ten -- get rich mortgage at 2997816418600. And by the way that I mentioned that would leader bank there are no closing cost to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all loans subject to credit approval member FTSE equal housing lender and -- lasts for 49250. Did you know that exchange traded. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fond do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 8668485699. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The best in business is right here. This is the financial exchange on the financial exchange radio that. The final trick question today. Went -- did Ronald Reagan died. You know the answer that question Texas 68680. Tech's number when did Ronnie -- succeed succeeding Ari. -- what can you tell us about June. New Hampshire home -- likes this kind of Veronica is just a second ago someone Texans that so many homes are for sale in New Hampshire that is not a good thing. Well actually. -- June was a bright spot in New Hampshire residential housing market. In fact June resident soul sales jumped to 1587. The most the state has seen since 2005. And -- remember you have an unemployment rate in New Hampshire I think it's three or it's it's. There's a shortage of workers in New Hampshire if you can't find work in Rhode Island who have not go to New Hampshire plenty of jobs in New Hampshire he can't find work and Connecticut are -- right. Main in Vermont and New Hampshire -- exceedingly. Low rates of them unemployment I can't remember one of them is in the threes either Vermont at a threes. I think that's New Hampshire OK so then Vermont is like four points right that's or would you have low rates of unemployment that in 1000 and that's that's we have up there. Imagine -- their unemployment goes down even more seasonally because they hire so many people and ski resorts American thing write today. Could be -- yes original starting December 1 you have to at least regional soccer tournament and -- and -- for. Well just just -- disputed little cherry on top all this median price. Increase by 2%. So in New Hampshire the median price over the month of June was 240000. -- I was thinking about buying. In new Ford F 15 are also seriously yeah I think I integrators I've got a 2006. With 56000 miles on it. Kids the dog and something votes trade and I I did my question. Is -- -- about a week -- -- -- -- -- now or should -- week for the new. F 150 those that come out early September October I would think maybe I would believe that 2000 and. It's been fifteen or sixteen that if the US 1515 to come out in the fall but they're going to be more expensive because they're changing yeah how well if -- if there aluminum and other -- all -- -- -- I think they're using aluminum in all of the new F 150s but to varying degrees and -- -- the price increases right in the -- apparently fifties on there in varying degrees. So if you were to buy one there was that full line aluminum vehicle I think it's going to be -- maybe 3600 dollars more than what you pay for one it's not. But it could be as little as 360 dollars more because of issues in little more aluminum in them but the whole idea here of course is that the trying to make these vehicles lighter. -- gas mileage is a little bit better. You know we have one as well it's the mice under exit and you know it's just every time I looked up -- that truck is out again. Ninety bucks yeah -- 9000 dollars to fill that -- -- Well the the the question is and for Ford. Is do they have enough market control they are the dominant player yes it's up truck sales -- Dodge has pretty good trucks Toyota as a trial -- he's got a track. But that's their big seller that's the big money maker -- report they better not screw this up I know I agree I agree. I would think -- gear of some of the models. I didn't understand all the models -- gonna have aluminum than it was all going to be like that I was under the impression that was just still kind of a specialty thing they are making it too graphic effort to lighten the vehicles they'll have these -- that are right they have got era under government mandates. -- -- The fuel consumption so as a result they're taking actions like this which is in an effort here clear. This is an effort sure to get better if you wish to make similar vehicle -- it for forward. It would it would -- -- is coming out with just its extensive. Re need. Line of cars and -- it. Means new. Additions this year and the big question is in the days that screen they don't want to be the -- Now you -- in order be the next General Motors in terms of recalls. Its -- pair up to thirty millions of vehicles recalled. She is every vehicle that was made since 2000 is just about being recalled its increase. They've that's and that's crazy you know you yet you don't want that you don't wanna change models so quickly. And Russian out that you end up with something. And Ford has really done a great job. European as a shopper. Comedy Amazon shopper. It's never. Checked the prices and a -- in the with the mindset need to buy -- most recently bought on Amazon was water skis and needed an adult skis and skis from my daughter and she's smaller right. A -- on Amazon. I've checked the race -- is getting. -- price shock you give her shop -- which it could -- remember I told you there's going to be a new app out that's gonna do that for you which I'm looking forward to that when that it's not out yet. There's going to be this happen you know no matter what pills it'll shop for you which is -- and -- and a bird. Christ John. No I don't remember if you'd get here's -- -- price grabber dot com. Go to yes right yet to go and you've -- price job. But then this app that you're referring to -- called. -- That's it red laser red blazers who want to try it -- when you get red blazer has what it does you just put in what you're looking for -- pulls it up. On different web sites intelligent at different prices. That's going to be bad for Amazon because Amazon. The big news probably east of shop and discuss its parties all the addresses rates I want a sense of that to my nephew in Arizona. If these actresses or -- in what sense -- mom and dad and time in Europe and Canada in two sets to Saskatchewan -- So it's easy. Shop on in this where's that fine but right -- -- easily in the box I don't. I used once or. Services terror -- right after Christmas. It was just not a right now and experience. Well Amazon knows how to do -- they do right but it is because of these kinds of apps that Amazon is as in the low discount provider. There have more problems because now people have the ability to compare prices were -- part. You know they -- people can compare and I'm sure that we -- put an item in Wal-Mart is one that won the -- One of the retailers at the app brings out. When you look at -- prize but here's the difference you're pushing your cart -- wall right he grabbed some towels and grab some detergent there's no. Telling right when he when you're shopping and him as he got this Ridley. It's one you're shop yes it's gonna come up when your screen -- -- right yeah absolutely you paid forty dollars too much for that item. And I really wonder. The long term impact see the impulse of shopping. In the ball yes right does your wall where Parker GC and -- -- makes it. I I -- on that terrible -- Well I mean as I I just -- its right to voice my biggest problems at the -- as. Here you can do -- if you can't you are a lot of things that you don't need to weaknesses. Chocolate covered Altman's chocolate covered -- he can bite his big issue. -- don't you know. About exit from north. In Irvine and a I'm like yeah I have to do I can't imagine this -- -- -- it's wonderful. Now I'm getting I'm gonna save you -- -- -- -- you out of BJ at that general idea and a but I think Arabia happy about it would die she. All right so -- last question is I've got a wind we did Ronald Reagan dot. June 5 of the year 2000 enforce -- just ten years all right Carolyn is the winner she's from Spencer Massachusetts. And Xia is getting good style that for her her -- -- out very popular all of us. They want to thank all of you for tuning into the financial exchange mining is very strong -- skin care and it will be back tomorrow. And another addition to the financial exchange rate here and your favorite radio. -- Why should you do a state plan. Have you ever. Heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fond. Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 86684856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and appear worried about your parent Carol -- living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. Even important financial information. They had obviously researched every place not just given me names -- they found me a place for which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't thank them. So if you're struggling to find reliable senior living information call place for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to --