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9-24-14 Full Show

Sep 24, 2014|

9-24-14 Full Show by Barry and Kim

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

Radio network this is very are strong and I'm joined today by estate planning attorney Todd -- he from the law -- of crushing and dole and with your financial exchange quick tip of the day. We're talking about techniques that can help protect your assets from the nursing home. I have to ask you if your spouse. 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. Meter -- can be involved. Currently we actually have a special going on where we'll provide business lines of credit -- business term loans. We have absolutely no closing costs. So we are actually and I prefer Small Business Administration lenders and this is -- 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. Where 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. Or leader bank dot com. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like -- included in that category then we have help for you -- today at 86681064222. Request a free guide on health care -- retirement planning is crucial and may even help lower costs and -- and -- paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again it's 8668106422. Securities offered through securities America -- member and rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and securities America companies are unaffiliated. I'm going to gross. Into the -- Can they. The basketball. Yet wherever you're going the quality gasoline and ExxonMobil stations of the energy behind your journeys they helped engines run smoother and help improve fuel economy to. ExxonMobil energy this year and Exxon Docomo mobile accomplish details. There's your basement or crawl space have -- musty smell. Well watch out that's a sign -- too much moisture and not enough ventilation and that can mean increased mold growth and the buildup of harmful toxins and gases don't bother with the 1888964. -- that's 1888964. WA VG. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Collar office right now to request are bringing new guide that will teach you how to create an estate plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing in Dolan has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 8668485699. -- Okay. Well its hold on your checkbooks and give your portfolios break. It's time for the financial exchange with Barry Armstrong in Kim -- again from Wall Street to your street Marion -- -- John you covered -- the financial exchange -- -- Barry Armstrong and gene Kerrigan. Wash your hands brush your teeth get ready speakers. Ebola Virus. Did you know I'd like to laugh but actually it's not funny at all this is not -- funny -- when I heard some of the statistics this morning. And you know people need to be aware of what's going night time again tonight. I was very irritated by the story in that but to this started just could not believe that people didn't think this had any effect on them. And I keep thinking keep. Huge story you know to the problems -- it's too much like all right we we've all seen I think it was and Dustin Hoffman movie. I'll break right and me and so when you see it like that -- it was. Rated at poly they're making this stuff up the fact of the matter is right Ebola Virus seems to be spiraling. Out of control. It's a spiraling out of control. Now that the figures are unbelievable they're talking about one point four billion people. Being infected with Ebola Virus by mid January. Which. Yes the human rights who Ricci. What whatever -- think that it's going to be on chief executive director of Harvard's committee on African studies. And I'm very anxious to speak to her because you know at Harvard and in the medical. School and a lot of the staff there have been you know involved in a lot of the research associated with this were anxious to talk to her find out. You know maybe from the point of view of of the people who were living there and what those countries can do for this and what. Can be done to stop I might. My issue is that if you have a 104 million people infected. There's just no way you can keep it off -- government I just can't imagine 9041 point 41 point. If they're safe -- that they're suggesting is the studies. Coming at -- when I read it came out of the World Health Organization or they're saying one point four million people infected by January right. How do you keep -- western continent is is -- -- -- That's -- okay. But he a question today is is the able virus going to become the next plate text numbers 68680. And we're gonna have Susan -- joining the right to talk about that very issue if he -- TV monitor I don't see him trying to follow the media. Citizens Bank I guess they're waiting for the first trades now that's going on today so -- I don't know -- people know what's going on there -- Apollo. Well Citizens Bank if you're a customer Citizens Bank you've probably -- notice they have 1230. Branches. And they've been in trouble yes as a bank is a financial institution they are owned by the Royal Bank of Scotland. But just Citizens Bank which is there US arm is the thirteenth largest bank. In the night in the United States so they're going public today. We understand that the share price is going to be somewhere around 21 dollars and fifty cents the -- actually lower their share price. Do to you lack of appetite the banks. Re right he did a Biotech. Sure thing you do the tech stock that and you do it Ali Bob -- -- -- -- -- about what is your least glamorous and 99 dollar and 99 dollar rate so. -- this is. A situation. They're going public. If they're selling off 25% of the shares at Citizens Bank it's expected that the sell off the remaining. 75% that they're doing is because they want to. They're going public because they have to have a choice they have to pay back. The UK with a sixty go to Royal Bank of Scotland took sixty billion dollars in bailout money -- much like our exposure. And now they're just selling off assets -- in order to. It to meet there're here -- three billion dollars they hope to raise in this. IPO so. And then not -- -- partners they fell in after hours I would bring this up because we had talked about siege are nice and it's a different stock. C -- partners is a partnership that was created by secretly announce that it would sell. Eight million units to investors as it raises money for general company purposes. As can be expected investors haven't reacted to the offering with anything resembling glee. Shares of C -- partners. Have fallen one point 6% to 32 dollars and four cents after. Hours trading so let's take a look at both of them where they stand this morning because that was the if you call. We have a lot of people calling on that stock yankees had a very large. Dividend computers has been -- But SD RL. Was the symbol. And here we go see droll limited. This is the one it has an 11% dividend yield. It is down one point 8% at 27 dollars and 57 cents per share so it has come down since we talked about it. And then the other one the that the old news he -- limited and partners and -- DL he. In that state trading down a dollar 5830. Dollars and 46. Its -- right right. The did you see Pfizer. They were exploring a potential tax lowering takeover. From activists from. And apparently after weeks of talks between those two pharmaceuticals. Activists has since said no can't do. It -- wanna point out the reason Pfizer was doing that again was to avoid. American cancer corporate taxes they're gonna by activists that they could re domicile in Europe and I think you're going to see. The the writing on the wall is there for Pfizer despite the efforts of the Treasury Department and Jack Lew who to restrict these types of activities. I think you're gonna -- Pfizer deuce and kind of an inversion deal right beat the they have -- on their -- their shareholders are demanding. Well you remember that it was a huge it was huge deal earlier this year -- trying to buy a 120. Billion dollar deal. With AstraZeneca. And and the British government didn't allow that to go through so they have been making every attempt possible like you said for tax consideration. And does so for not successful but I would say they're probably not finished they're not in there and it is gonna keep going to shareholders demanding the high dividend on Pfizer -- shareholder. Three point 6% dividend yield. That is a qualified dividend currently they relocate to the UK here where center in Europe that'll become an on call -- dividend from. It shares trading at thirty dollars eleven cents up six pennies today. And then Biogen Idec -- in the news. Basically getting it and looks to me an award for good behavior I think that's exactly right they. Dow Jones. Sustainability. World index they are a leader there and they they were named that and it's it's like you said it's because they've done a lot of things associated with the. Economy of Third World countries the environment and their social performance than -- stocks up. There do well you do good you do well I was just goes saying that you get in a word and you get a little benefit otherwise the stock's up five dollars a share at 337. Our our question of the day. Very simple do you think that the able virus has the potential to become the next play and on FaceBook. Edward lane already has chimed in on FaceBook he said I don't think it will become the next play. I think the medical establishment will get it under control and I would say EU Edward. The medical establishment. Is dying as they try to get it under control I found out today him earlier. 140. Medical professionals that have died while trying to get this thing under control. I have to tell you I. My hat is off to those who are going there to try to help. -- is very frightening that the did you being a reporter ground that I would never do. I don't know why you would do that means one thing if you go there's a medical professional because you think you can make a difference as a reporter. I don't know what you're reporting about you know I'm into putting your life absolutely great risk and I hate to say there is someone who is. -- journalist on my life but we knew we -- you know there's there's not many pictures that you can even show it's so horrible. I mean that the statistics coming out are primarily you know what you can get him. And that's about it and you are putting your life -- risk. Just just by virtue of being there you know. But anyway what's so frightening about it is that these medical workers for all their efforts to try to bring this under control and just to -- to protect themselves and other people. When you're in an environment so unless -- -- sanitary. Is so honest -- And this is one of those diseases that you need all of the the amount. It's just really hard for now it's gonna take a lot of money and a lot of effort. With Susan -- from Harvard is gonna help us understand what's going on over and Africa she's from Harvard -- be joining us in just couple minutes. -- anxious to hear thoughts or text number 686. Barry Armstrong and comparative. Right here on the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Report you may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like -- included in that category then we have help for you -- today -- 86681064222. Request a free guide on health care -- retirement planning is crucial and may even help lower costs and challenging -- paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America -- member -- SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and securities America companies are unaffiliated. Hi I'm Joan Lunden 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. 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 and 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 are 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. All the best in businesses is right here Barry on the stroke and can carry him. On the financial exchange radio network. You know. Common theme among the textures can use. I think genuine concern about our military that is if you we have 3000 military members that are being sent over to Africa -- in order to try to stem the spread. People yes it's it's a scary situation electric. Get a handle on what's happening and how we can get a handle on this virus. Susan -- is the executive director of Harvard's committee on African studies and she's joining us this morning great to have you with the Susan thank you for joining us. So let's talk through this first off we asked the question this morning. If our listeners thought that people would be applied gonna wanna I wanna present that to you with numbers like one point four million being affected by mid January. Will this be applied. Well I mean that the one point four million figure is is. Projection based on sort of the numbers increasing. Exponentially. From where we are right now with no significant intervention. So. I think we all expected to be wrapped it up. An international intervention in the United States and from other countries which can hurt and stand in treatment and numbers so I think that one point four. Is alarming and I think we should be alarmed that the very serious situation for the countries in Africa. But -- is appropriate interventions. I don't think we'll see those numbers. Well not to be you know the self centered as an American but you just said this is obviously a huge issue for those countries in the on Africa but. What about here in the states -- this come to our borders. Well first of all tested to set aside and that that that is an airborne disease or could mutate and become an airborne disease. That is extremely unlikely based on the information that. Medical researchers at Harvard. Shared. With our community yesterday -- and a panel discussion that we sponsored. The idea that -- -- and be passed between passengers on the plane or something like that is very unlikely extremely unlikely. So you know the difference between the health infrastructure here in the left. And the health infrastructure in the effective company have countries in Africa is enormous. And the fact that we have access to the protective gear we have access to the therapeutic. The chance of this becoming. Big problem in the US I think is virtually nonexistent. Well I know that a lot of our military personnel who have gone over have literally taken sterilized hospitals with them. Can that be enough to curb this. On I think that the basic medical protocols. That we sort of take for granted in the US. If they can be implemented and that up. In like area -- area and Getty. Clearly gonna make a difference and and those are some of the challenges that they face and not not the lack of you know new brand new immunizations -- -- -- -- Sort of bred daughter. Health care. That enables patients to artifact -- the people that actually used their own immune system to fight the disease. Because -- this is not a fatal disease in every case but where patients don't have access to. You know electoral late replacement fluids and. You know just proper sort of care what you're stick. That's where it becomes a dangerous though I think that. The fact that we're intervening in the fact that we're setting up. Some of these isolation centers and hospital bed -- will make a difference whether it will. You know be able to stop the spread of the disease in the next couple of months that's probably unrealistic. And certainly the US can do it. The -- in their ego that was my next question it if it feels like right now the US is an awful lot of battles on our own and and I'm wondering about this one or other countries stepping forward. Yes -- know there's been a huge outpouring of and a little late on the -- today and as this might have happened. He's -- two or three months ago and that would make huge difference. In exponential rise in the number of cases. But the fact that the UN and the WH and the CDC are now really really pleading for all countries and there a team. Specialists and experts. Will will result and you know an influx of of people who. Have the tools and resources and the knowledge to make a difference and I think it will make different don't think -- that one point four million number of case. Injure their Harvard with some of the smartest minds in the world he said yesterday he met with some of the health officials are they getting any closer to. A vaccination for this I mean if we can get this under control what what happens in the future. Well I think they are they're looking at the virus and they collected samples. Basically from the ground your case has -- -- second day and there are there are studying how to -- -- tapes and how it changes as it's transmitted. Because they're very concerned obviously with the -- stability of the disease so able for example is nowhere near as contagious as needle. Com where one case of measles can usually get transmitted and other people. People is more one to one point eight on average it's one person infected with people on average tends to -- one point eight other people. -- and they're studying at this point you know how the virus worked out spread. What happens to two bodies that you know people who have already died when the bodies are still contagious. So I'm not sure that they are close to -- like a vaccine. Com but you know right now they're they're very concerned understand how this disease is Brett. In India and it has to -- figure put on what this is going to cost the world. I don't have a good answer for you on that I IG I think it's very expensive I think it gets more expensive every day. Well and and need to intervene. Com. Expand both geographically. And you know in terms of the kind of expertise and material that's required to but I don't -- that if. All right Susan -- thank you very much for joining us this morning lots of great information. So do you feel any better. I like that. She shared with us in date that medical minds there at Harvard don't think that this will ultimately be an airborne. -- disease said that was highly unlikely highly unlikely they said. And that it's not mutating in such a way that it's getting stronger. These could be off false reports. I think probably people who are on the ground in these countries feel like it's mutating in -- because. With every passing day they're getting more and more patience and seeing more people die is it possible the World Health Organization is pushing out these numbers of one point 4600000. Unity the depends you re going right to the numbers. In order to inspire action I may be -- and you know what I I would say in my humble opinion that's okay. Because it's that if -- -- real numbers right I think that's nice gesture says -- they are dole addresses right it is that's that's really where this comes in. If we could address this ninety days ago right. Then it might have been a different situation that's exactly it and this virus has been around since 1970 sic absolutely it and we've been fortunate for whatever reason that in the past. On it would spring up and you know a thousand people would die and then be the end of it yeah. And for whatever reason it was brought back under control this time the world looked the other way. Well just continued to spread spread and spread and again it -- you know ninety days ago we had somebody involved more countries involved. If we put that the dollars in the efforts fourth then we would have -- control. While still watch in the Roosevelt series are you yet dates -- was a law that doesn't own Franklin hasn't died he helped. I'm pretty sure he does. I think I know with the invasion and -- I watched the heart last night into it's up to 1940 -- -- start watching. The next chapter Libya which takes you from 44 to 62 is this a book that's being Noah to convergence PBS ice injuries really well. I think it's very well. And this so we're gonna talk about Harry Truman today he's going to be the topic of trivia and our first trip from my home state of Missouri. Paid for Kansas. Enrichment -- -- boy's death now. The Illinois aren't. Wind was Harry Truman. First sworn in as president of the United States of America when I can tell you lately it's curious about the mrs. Another -- Wallace had been vice president. Under Franklin Roosevelt. In the term that rain in Vegas forty through 44. Okay I'm in and Truman. Damien I guess that convention they put him on the ticket I'm not made -- ever -- that are trying to get so. If you know the answer that question text us 68680. Win was Harry Truman. First sworn as president. The United States of America. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yet you're you're Meebo Mena as much as I don't like to pay taxes I like it even less of the pay taxes and don't have to write. Ashton and this would be one of them. So that the reason is that in Massachusetts we get this one million dollar exemption for estate tax purposes which means you me -- week everybody -- espouses. We have the ability to leave up to one million dollars to someone other than a spouse and not pay tax how do you do that without this inheriting your spouse you create simple trusts. Whether they be revoke double or irrevocable. Depending on the type of -- you're looking to do. You create these trusts and -- most importantly you transfer some of your assets into these trusts so that on the first death. You're leaving assets in trust for the benefit of your spouse. And that money and would be less than a million subject to taxes the first state. Under your -- therefore any. Leaving not owned by the surviving spouse to spouse only owns the -- and trust. -- is it less than a million weed out successfully sheltered two million dollars and didn't give a gift a 100000. Massachusetts why would you -- -- a voluntary estate tax to Massachusetts when you don't have to. Get this free guide it's called back to the basics a complete guide to an estate and an asset protection plan. Call toll free 8668485699. That's 8668485699. Back to the basics a complete guide to an estate and asset protection plan toll free 866848. 56. 99 you may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like -- included in that category -- we have help for you tell us today at 86681064222. Request a free guide on health care -- retirement planning is crucial and may even help lower costs and biology they're paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Follow -- on Twitter at Barry G Armstrong its Barry Armstrong and interrogate him. On the financial exchange radio network. On people well. -- That was -- eight and so that means but I thought. The -- died in March. They would that we needed. Swear I've watched that part so. Now yet you'd think he got release in 1944. Parties. So did the when -- when he got sick and 44 DD continue to hold the office very sick couldn't turn four hours today it's really. Use restricted he basically congestive heart and. He still smoked he -- terrible guy. And so he changed his diet they didn't have anything tree yet released. Any peace over. -- blood pressure -- through the roof. He partied it up he's executive power and he ran for re election. In 44 Eva Green and again and was elected and it was elected for 84 term. And guide her shortly after his inauguration. Well on. If he was sworn in and April 12 I would think you have to -- I missed that he had to have died I just I quote from memory right. But it. Where your memories from books though not from having been here. -- -- why do you yet they keep this from the woman who usually tells him to remember that there and well. You know I don't know but I water or no you don't either but I agree that. Something I do now is that data breaches. Have become. Basically do occurrence I think I've had. Personally to different credit card companies issue me. New -- this year in the Anders and attempted data breach through American Express which knee. Call me yes hot yes but -- data breaches. I've become commonplace. And hope depot. Seems to be. Well. It's it is and and now a lot of banks are saying they're starting to see fraudulent attempts as a result of that Home Depot. Breach 56 million cards were breached they believe. You know five month period which started back last April. And I'm slowly but surely as I say these banks are now saying that they -- like for example the air academy federal credit union. Car roughly 20000 dollars worth of an attempted fraudulent transactions. Here's a company that studies this camp -- called javelin yes they said fraud losses from existing bank accounts and credit card accounts. Rose 45%. Last year to sixteen. Billy and goodness gracious and it's all because we have that into. Well and you know what I in some ways I guess part of me says well you know what you get what you get. You know they did it it would talked about this a million times -- over in Europe. They don't have that same system in. And you know it yes there's an initial cost that's has to be put out both on the part of the retailer and the banks that once that's been put out when you're about figures like what you just said. I can't I can't imagine the overheads going to be more than -- so I mean he put that initial -- out and let's move forward so that -- an. That those figures of the money they're out let's think about. You know just just what you go through someone who's been breached. What would ask a question I'll ask you but I'd like everybody who's listening to the program to Texas with your answer how often does the retailer when your shopping. How often does that retailer. Askew for -- second form of -- and he'd never been. I I I get past. I don't get asked that the refers to don't get down very often do you guys get asked very often 68680s. Or text number. Eat because I think. A big part of the problem law ice. On the retail the retail for now. Can they don't care. I don't yet know financial motivation right you -- into the earth restore on his -- clears right you're walking out with a 300 dollar for the good of all what I'm hoping is that you know. Target has paid the price now. I -- they made a huge price there. There at the customers walk into the door have decreased dramatically -- result you sure that's because the data breach. As -- -- sales are down at all no but that that's what I think is interesting home -- not be effective sonar I think it violated ought to be something more than that it didn't announce it. They didn't just ironically have a data breach and suddenly people stopped shopping -- and generally is. He has data breaches don't really affects the consumer. Right that well I I I agree I think they do because -- get what your ID you're you know identification is out there. That just keeps coming back in different ways and -- got to try to get that he's adopting it happens in the every year. In new cart until. The Sydney new cart and I have to -- on -- he had online banking -- the number yeah right right right because the count number changes but. But from my standpoint. I've never I've had Mike Davis stole my identity stolen once or twice a year right but it doesn't cost me any money. Next year right the retailers they start to panic while they say you walk into BJ's -- bright and you're using a phony card EG aces and -- Charge now I think that is a big part is PGA's the retailers themselves. Can take steps to make sure that this is -- occurring vacancy mrs. Kerrigan. You know thank you for your purchase may this year driver's height 80 you don't every driver's license. And what it does everybody carry their driver's license with yet another form of identification right on the would given the credit card. That -- to say that it's right step right at the retailer can write to now sure that your purchases well and then we as consumers will understand that if we don't have a second IDB. There were not available charge something you know you can't do it I hope that they start to implement that big time during the holiday season this year you know. There's will be out shopping five awaits as market basket and took -- Asks for identification. 617 says never asked for ID sentinel that that's an old -- scary pay cash as much as you can and that's according to Lisa. You know like I don't pay cash take -- like having the printed receipt that again at the end of the month and I also elect getting the points or exit I get points for right for -- shopping for. I want those points about the -- if we don't use credit cards but we use we use a debit card all the time now. And that's. Again and opening yourself but the whole another issue. This. Six month sentence as my credit cards have asked -- right. Instead of signature on the back yes and less than one in thirty ask for. I never signed a credit cards and a sound mind and -- propose to do that right -- support but every its secrets you just slide through the machine. They never they never hold your card in your your hand anymore because now they have all these automated check -- down to I think I think -- -- problems here. Special announcement leader bank for the month of September only -- few more days has a special lending program where they will -- your company 50000 dollars. You can use these funds to buy equipment renovate your business or buy out a competitor. This is an SBA. Loan program with the five days guaranteed turnaround on your application. Each of freedom alone is three point 99%. And it is a four year term there are no closing costs or application fees in order to qualify. You have to have a like a score of at least 700. And leader bank who want to see your tax return. This is the time to expand your business and leader bank is here to help. Call Matt Pearce and ask for all of the details pertaining to the leader bank. SBA loan program here's the phone number 877. 6917. B 908776917900. Or you can simply visit. Leader bank dot com their phone number gonna talk to loan officer. 877. 6917900. Before we go to the break for a quick excellent sentences when we asked Friday we are constantly giving a hard time by the customer. -- -- Not me that you don't have any -- he had he give it to you right. Don't give up 607. Nike basket because it's next year your employer will require enough that you stupid -- and then when we get to breach they're gonna find out who did mask its October. It's about your art pop pulse -- in Morningstar coming up next stop. This as the financial exchange on the financial exchange radio networks. Hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the -- frankly that I hear on the radio I like to buy gold from a local institution that I trust I -- gold and I -- my gold -- from -- -- I walked right into any leader bank branch and I can buy American Eagle gold points -- bank is a local bank with. With branches in East Arlington Arlington center Arlington Heights of Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. -- 900 or visit leader bank dot com leader -- a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. You may be wondering if you've saved enough to make it -- retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they -- saved enough to pay their medical expenses during retirement if you feel like -- included in that category then we have help for you -- today at 86681064222. Request a free -- on health care -- retirement planning is crucial and may even help lower costs and challenging -- paying for health care in retirement is a major issue is just the first step the next step is to understand what these costs will be -- to incorporate them into your plan that number again -- 8668106422. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Collar office right now to request are bringing new guide that we'll teach you how to create an estate plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing in Dolan has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 8668485699. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- All best in business is right here Barry Armstrong and didn't carry him on the financial exchange radio network. 71 is telling me that the case does ask to see the car -- credit card is used but not when he debit card use. I gotta tell you my experience with BD's I go through the automated teller or the ought to write check -- tickets -- and use stand your BJ's membership card. Yes named U2 at the end you run your credit card you never have I've been asked to show my driver's rights. -- so but very they're getting two forms of ID right there because they're getting your membership Karzai which actually catcher picture. Always -- yes they use your driver's license picture or they even have a camera so they'll take your picture. And any BT's -- so now here's what I'd like to know about let's say you're using Susan's via. And -- you run your car your credit card with your name on it -- few seasons membership cards or would they allow that I think the answer he -- Yahoo! ID do you know associate that. Even though they have two forms of ID they don't necessarily have to -- You know it's more common as my kids sure they'll come come my horse they'll fish by BJ's cart out of my wallet and enough -- to put a pack of which really makes me. But I digress I speaking of digress let's go to pulse wouldn't from Morningstar he's got some stocks elections force including a devious he -- power. Good morning -- or good so deep as you'll like this stock. If it's the they make sneakers they may athletic Wear what else it. -- Wanted to talk about it you get to that. Shares are actually up in the last week though. Elbow it's one of the few stocks on the list right now that it undervalued. And it's actually now -- in what we were caught three stars on it's still at a discount to what we think it's -- But it -- have -- margin of safety that we usually light. But it is you know a good competitor tonight you date do you just about everything our apparel optical equipment they competed provincial sports. The rate now they had a little bit of a blow up after the World Cup. I got takes some time to fix Biden. They you know this is not accompanied -- going away as the company has 5060 years worth of brand building in major Olympics. Soccer. Global athletics so. It's a -- company we think they're gonna come back. Artsy like -- this what's the best way to biased here in the in the United States what are finish. There is an eight yard it's well traded in the United States. Does that that's definitely available to any investor. Okay and then -- Dick's Sporting Goods that taught you this is a company that is out of favor. You you wanna talk about. Yet you know as you know we'd like to pick companies that beat market is not excited about. Nike is the best financial metrics company in any tennis sporting goods publicly traded. Firm but the market is very very cute about the -- -- -- about accurate count and the other point about it yes is that as the dollar rises. And the Euro Paul and that's gonna start to work and -- -- -- maybe not this quarter but it's better -- Gonna work and might do it next you're -- at Dick's Sporting -- is. Obvious it's where it is retailer -- they carry it heated under -- Nike com. And I -- the store for I'll tell you as a sporting goods store. -- I I like it's my favorite sporting goods store you can -- Carol there it's the anything you want. They don't have very good hockey equipment that they just everything else they've very -- a. Well yeah I. I would say you're right we don't -- air. Our team hockey stuff there. But if you need gate guard to right away you don't wanna put that hockey specially door -- -- gonna -- it sticks. Here's the thing right now -- had a little bit of a blow up in just. Spring over golf and then had a tough comparison and hunt -- this is one of the rare cases where it's abundantly. The year who the leader in the category is in for the long term winner and sporting -- it is. Did most of the competitors such as sports authorities -- I have not been growing doors. Defender. Exposure is not as good they don't get as good. With a shopping experiences exactly walked into addicts it's fun place to be. It's likely they've got help on the floor rates -- he needs some help you got a block and a sports authority to ghost. Yeah I I would say I would have to agree and whispers start is that private but I did cover that when they -- public. On so here's a case Korea US you have a clear view of who long term winner in that category is going to be in addition. -- does not totally covering the United States that there's additional storage unit growth to go. And they're also expanding with a field and stream content stepped. But it -- it actually started as a fishing tackle store they have expert he's there. I think in the long term. There are local and smaller field and stream content that is actually gonna take share from -- like gander mountain Cabela's sportsman's warehouse. So you'd think -- -- is the long term survivor. In the retail sporting goods sector. Yeah exactly and not so cute things one as -- we think there is that retail. Storage unit growth ago. We think that's very visible we think they are gonna prove their margins over time you know just a few days ago the stock dropped a few percentage points estimate that well Amazon going to be -- competitor that's hardly new news. Sporting goods has been one of the leading categories and Amazon the last ten years so we think actually -- is. Competing very well with them on yet have a lot of contemporary retailer. But is sporting news in particular. It's -- tough category usually. Wanna try it out there like I I don't know you but when I buy a new pair skates right I want bottom line right -- I wanna walk around I would not buy skates. I would -- by a hockey stick liner to. Did you could not buy a -- and it would be it would be tough to ship did it at a reasonable price but. You know any sporting goods carrier I think has some natural defense on on the line whether -- gate. An under undershirt to. I mean you -- efficient real unless you know this side they realize how that deals and outfits to deride. You have to go check it out you have to go tested. I think there's some natural. Natural. Defense against Amazon and the natural. Advantage to having intense store network where you can go and -- some minutes to buy them. Right now I -- some very good points and I appreciate your time Paul. Paulson and in the morning start to add is that category. They got a big aging when he wants to go biased set of pads -- right whatever right. -- I know what it when I golf clubs you don't buy golf clubs online you he -- occasional little beauty exceed rate it a lot of. Remember that club manufacturer one club manufacturer in particular. You're combine them on line but they're -- they're all -- coming out of China. And so if you're gonna buy a set of golf clubs or you're gonna go -- raise them and try the national -- note. Height you know you need sneakers -- sneakers talking about those you -- you wanna walk around -- They've never -- their cleats on line now that I eat just tend not to now golf balls right -- but my only in bicycle. On him. Sorry Andy because he's it's the same he buys the same golf balls every time absolutely healed by -- but where they're cheaper yeah. So -- think that might be where Dixon is gonna have to get a little more well that and I mean I think you'd buy. Dubai and under -- tortured. You have to until they won re absolutely apparent what about your real slow here and I'd -- -- -- about us about absolutely. But not something we wanted to test right tennis racquet usually in a fishing line baseball glove. Across. The debate you'd -- the years and the area to I would just get online return. To expect at the -- That is under the pinprick in order to woo. -- if it's generational thing. I I liked it I -- trying to meet to -- -- there's a lot of things I don't wanna buy online now. Here's your second trivia question of the day which newspaper. Famously. Published the incorrect headline. Dewey defeats Truman you remember that even justice studies or do you were to react you have to that we realist but he did it if there is a newspaper. And I'll give it away in one of the major cities in that country and newspaper. Was so sure did do he was going to be -- win Truman ran for election that would have been 4048. Right. Which which newspaper got it wrong because. Then Truman the next day was holding it up says you guys will they had to go they had to go to press so they went with that. And the next morning mail got -- that was different just occurred to me that would have been in the fifth term in a row for Democrats. -- FDR won four. Elections in -- -- that's so out of their first question was won by Phyllis she's an -- made -- think -- much for listening post and you. And got a great second hour coming up for you right here in the financial exchange -- can stainless. It's back to school time and it's time for you to brush up on your education about the state planning. Did you know that from married couples you may be -- unnecessary estate taxes if you don't have a trust in place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I have plenty of other people in my life that I'd rather give 100000 dollars to. Cushing and Dolan has put together a brand new guide called back to the basics. A guide to estate and asset protection planning call for your copy now at 8668485699. Don't lose your money to taxes call 8668485699. Back to the basics. A guide to estate and asset protection planning. Call for your copy now at 866. 8485699. Again that number 86684856. And 99. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan Lunden 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 and alzheimer's care and 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 -- them. So -- struck. In the -- 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 get the free help you need during this turbulent time call now 804677530. 800 force at leader bank. And how does leader bank help business owners grow their business. Thanks very we'd have worked with a lot of small businesses. In providing financing for their business needs so I. Example of this will be you know your local neighborhood restaurant. 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 or business term loans. We have absolutely no closing costs. So we are actually end. I prefer Small Business Administration lender. And this is -- 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 -- -- taking good care -- if not. Give a call leader bank 7816463900. Or leader bank dot com. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like -- included in that category then we have help for you tell us today and 86681064222. Request a free guide on health care -- retirement planning is crucial and may even help lower costs and -- -- paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America -- member and -- SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated. Pat Boone here with a word about banks' safety you think your money in the bank is safe. Don't bank on it a generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And -- shifted from lower risk to high risk return apple did you know your money deposited in most US banks. Could be subject to limited withdrawal. And even confiscated by existing executive orders who he -- best. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're -- bank deposits are safe. Yet this vital new white paper now call toll free 8051960. To 71. That's 8051960. To 71. 8051960. To 71 or at Swiss America dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- hold on your checkbooks and give your portfolios break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi everybody welcome to the second hour of the financial aid to welcome a whole word. It was the Chicago Tribune it sets the state -- yes printed in newspapers several. Those things do we defeated defeats Truman it was true. Right Carol from Medford news that so Carol thank you very much that with. And the famous photos the next morning -- -- holding that was it was a big deal would have another trivia question coming up. For you know when Kennedy was elected president he went to bed that night not knowing if he was the president -- there. The difference was newspapers had been burned. And -- -- do it again now. With his mother was the one that told him told him. Because she came downstairs. He changed his left issues of that right is it just because your president of the United States doesn't -- you can -- -- -- -- -- there -- -- in -- except at the compound that's exactly how that happened. If you do it too. I did it it was it was it was senator. Ted Ted Kennedy whose shared that story with me he looked as. The president left issues on the you know mention that Rose Kennedy was very possessive and you know. And she went and told him you know don't you ever leave -- she's on my piano bench Mr. President. -- let's go back to the Cadillac story I don't understand this you're gonna have to stifling to. Why company that is structurally. Hughes is if this seems to need to be frivolous expenditure. Well General Motors is gonna split off Cadillac which courses its luxury brand it's good to become a separate business unit. And they're relocating -- headquarters into and out of Detroit and put it in the SoHo will let me ask you is this. The first step in an effort to make. Cadillac a separate company it's certainly seems like it to me bury it in there they gave an example. Of how Nissan did this with infinity. And they did back in 2012. And eventually made their separate you know the unit. They took in their headquarters to Hong Kong actually for infinity when they did it. But ultimately. -- different places right exactly. So it looks like that could very well be the case here with GM so Cadillac could become its own brain right it would be in the Aegean and you know if face. On and off entirely. -- it's that there -- and more jobs as a result of office there will be hundreds jobs a hundred employees in them headquarters in about thirty of those are gonna come from Detroit to there and give people an opportunity transfer. But it will mean more jobs and if you spin it off I guess ultimately could. It -- that are New York right right and it could be more jobs for people in the business period. Amazon.com. We think of them as being an American on line retailer they also have a very large. Presence in Europe -- -- -- labor practices. Are markedly different than me are in the United States right in right you know there there are very. The unions they're very very strong much more militant yes they're they're they're sort of living what we have here in this country many years ago you know we talked about how he. Back in the seventies right in how how. There's so many of our labor unions now have gotten weak at the time. And Amazon being an American country sees on the union accompany of the -- union says the same. Did you around the world if they see right here right so they're fighting them like they would here in the states and we reported acting just yesterday that Amazon employees in -- warehouses have gone on strike they're looking for Britain Germany out of the united state correct. And and so far. Amazon has been able to stave off this union push having the unions have been in there and it signed a lot of these employees. But they've been able to stave them off but the question becomes just how long they'll be able to do -- They're they're paying unskilled workers about twelve bucks an hour right which is more than the German minimum wage. I would suggest you can keep an eye on this story. It is gonna get hot after Thanksgiving I think you're absolutely right as as they go into the big huge season. 9000 employees in Germany they get hot and they certainly can't. And we -- Boston know about this. As well as anybody you know he in doing relations at Boston -- in New England what what employees who have a mission can do. They have the ability. To bring and is on Europe to their knees and. And that could be I wonder what percentage. Of Amazon's annual sales occur. From -- call it November 1 -- -- to take. Take 45 days right. -- a month and a half. So call it. Early November through December 24 -- wonder what percentage. Of Amazon's sales occur in that 45 day period tie my guesses it could be 25% I absolutely. It may behind the ship that the -- -- keep on -- yes -- Canadian tire. So on. Now wouldn't be interest in these German workers had that ability to do that and then another story in in him in Korea. In an act I brought this up I am I found the story but it just seems to be proliferation. Of labor unrest stories. Absolutely. This is conduct. And -- Korea right. Three quarters of their workforce they're worked walked off the job. And date there there's 47000. Union members. There. 47000 of them walked up they have sixty to 60000 strong. And it's something. And they walked up for four hours because they are upset they want better wages they want better benefits but in the meantime. -- blocked this piece of property. In Seoul worth about ten billion dollars well that's the big dispute this question is whether -- it is worth ten right. -- -- three times the assess that and what they're doing is trying to keep his property from Samsung you know Samsung was dating on and and that comes in and says they don't they don't want Samsung in the neighborhood. So they buy this property while. In the meantime he had these visa union workers who are you there later they're underpaid their benefits are not good enough. So I hope they walked out and boy did you just -- pictures -- mean date they organized yes. And there were a lot of them and they walked up for four hours and talk about bringing the company to its me. This is this is what I want to see if it continues I don't know it could just be these could be blips but now is the unemployment rate is coming down. I've I've said this before I'll say it again. The workers are independent look for number of years team that's right very I play favour of the employer's right the employers. It had workers that we're just grateful to have a job and paycheck. Now the pendulum is coming back where the workers are saying hey you know went now accompanied on the streets -- in the -- a little more money at the Cumberland street bought. I think it's interesting is that such as in this country that that's starting to happen in -- global yeah as -- to share to global stories. So I. I can't believe that their unions are still so strong there that they can get 47000. Workers to walk out before our auto workers Frontline workers. Who is going to be the next mayor. A Providence when we come back we're gonna cover that story and a whole lot more right here on an exchange. Barry Armstrong and can carry him. Right here on the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Call our office right now to request are bringing new guide that will teach you how to creating a state plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing and Allen has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 866848. Friday. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you -- 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 -- 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 plays for mom this is a free service and you can trust them to help you. If you -- 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. 8046775. There. Text your questions or comments this X 86 -- it's Barry Armstrong and Ken Kerrigan on the financial exchange radio network. All right -- it is being reported by WP RI in Rhode Island with six weeks ago before the November. Fourth mayoral election. Vincent ABC Nazis as a five point six percentage point lead over Democrat. George lowers. In a Providence journal poll but with significant numbers of voters still undecided -- believe is far from -- Yes absolutely and says that. 43 point 9% say that they have not made up their mind about who they plan to vote for them now of that 20/20. Three point nine. Percent of undecided voters more than forty Fordham percent of them. Believe no no but that's wrong that's wrong words keep -- here hold on. I'm looking for the percentage of them who have dissent here is. There's a big percentage of them. Who believe. 40%. That buddy CN -- criminal history. Could be an issue for them or when it comes to voting for him so of the -- report for who say they -- have not decided yet. -- -- But it icon I shouldn't be laughing but what I find funny about is that polls are so contradictory I know he got. Vast majority of people live in Providence and look real concerned about crime I mean you know eat you go through over 60% of the people responding to you were very concerned about crime in the city so what would be better than two. Elected mayor. Who's gone to jail and committed couple felonies right there's so he could relate to their crime and may be indecent about it. He had to resign his office in 1984 after admitting to felony assault many made a comeback in the 1990 election. And then. Between 1999. And 2002. -- six other officials in the CO2 guys including body. In the COT administration were found guilty of corruption in the aftermath of plunder dome investigation. -- -- -- Let's go back to this is -- in these numbers are hard look at these are drugs or make sure we understand so others. 23 point 4% of people who say they have not decided right in of the 23 point 440%. Say. That he is prior conviction is very important in your decision making and 23% say it's someone. So that means that over 63%. Of the undecided voters are taking into consideration his criminal -- I'm telling you that wins. Think you'll do I think he wins by -- wider margins by these days. Just if it doesn't seem he's got a lot of opposition parties running into college professor. Buddy Cianci is he campaign. That they had done some elaborate polling of their own a bit but when asked. They said their results were very different but they did not plan to share -- If language language. Speaking of criminals. Federal prison population drops projected decline of more than 121000 inmates over the next two years this according to attorney general Eric Holder. By 121000. You know I don't know part of it was sort of these are federal government's federal prisons that's right -- prisons and with that. A little bit surprised by some of these numbers though and -- I hate to admit this. It's still would leave 2151000. Inmates in US federal prisons and -- -- four million. In state prison right I would've guessed there were more in federal persons actually now I would have thought there were more I would if I would've thought that number would be closer to maybe half a million. In federal prisons. And the reduction is because -- that they decided that some nonviolent offenders don't need to detail. That's where we're going to do a lot of the white collar guys that are written by -- and look at a lot of these states now where marijuana. Crimes and that kind of thing those those who aren't going to know they're not and that's actually India I think you're gonna see a lot of people be granted. Rule her better in jail for nonviolent. Marijuana related -- drug charges -- here to see a lot of people that are in prison because of people have been imprisoned for years rate for marijuana distribution that are going to be you know not now -- become. Legitimate members of society made to get him to run a marijuana distribute -- the right of the on the upside. Right I'm looking at this -- quickly. So made one of the things that I guess is they've you know your what job holders trying to. You talk about -- chest about is that this could mean that a number of federal prisons could either be closed. Or they could. Decrease in the population of these federal -- prisons which aren't Max. In a lot of cases and become very dangerous they can spread these these inmates out. So. Will say you'll see they want to mention something as a relates to light the states they are commonly used tool. By people who would like to protect the value. Contained within their permanent residents who say you live down in Cape Cod you -- protect that asset yet you live. In Narragansett, Rhode Island and it's important treaty down in Greenwich Connecticut new -- wanna make sure that that family home stays in her -- Well -- like the state is a tool that people frequently use because it's free it's cheap it's easy. They're so negative tax ramifications associated with like the state and Cushing and dole has created what's called an operational guide. That compares like the states to irrevocable trusts in and asks the question. How would you rather protect your home from the state because the state will take your home if you get sick and you go into a nursing facility your health care facility of some sort. And you run up the big tab. First thing they're gonna do -- place he leaned against her primary residence to make sure they get paid -- if you wanna prevent that from occurring. In gonna make sure that your assets remains safe and and give you phone number to call. It's 866. 8485699. At 8668485699. This is a guy being made available from the -- from crushing handled for the month of September only. And it teaches you all the differences between like the states and -- local trusts. 8668485699. Is your number to call. Sounds like AT&T. Is making. And I'd say I'd call this a concerted effort I absolutely -- there they're thrown down the gauntlet they are compete. They do it misses an opportunity for people were trying to get out of their pricey cable. To give this a shot. AT&T is an offer up it for 39 dollars a month in this -- on the table until December the thirteenth. It's called U verse it's a broad band basic network TV channels that HBO. And it's watching anywhere apps of HBO and go and you'll get a year of Amazon prime and again that's for 39 dollars. And I think about the way we run our households now. You know he's got your cable TV build -- DirecTV bill right. You have here Y five bill yet yet that the high speed Internet yes a lot of us have dropped fold lines he used to have a home politely can I do I still have a whole poem in the must confess I don't pick it up. I don't turn greens because it's an errant missiles that are. But you know you look at the way we grew up but we didn't have cable TV we had TV antenna. That was in the attic app and depending on what channel you want to watch my dad would say okay Egypt marked -- -- -- -- to the act and move the antenna. -- move my hand. Right if you wanted to watch channel seven if you want to watch this because -- try to watch your -- -- just turn it ABC -- to lose him and and you'd watch traditional bill associate right it may get out of ten and he put it in the that's right. The value it -- to pay for everything couple hundred bucks a month. Yet pay for yourself whenever itself currently used to carry a dime in your pocket as a kid -- just in case something happened I was not able Rios had a dime mom always made it. If you're going to the ball -- the -- a pocket. They just pick up all the expense -- that we have now. We didn't have and -- and their big expenses. Yes there are yes they are. And what I'll tell you what I get so irritated about is how many of those expenses we don't need but we don't pay closer attention to. We have a -- stuff on cable TV and never watched contest yes they're constantly sliding it in. And that you like I always loved these promotions that these companies do. You get to watch it freeze for the next month and then it automatically goes in your bill and you need to cancel -- with no obligation. It straight but some members to cancel it and even those that exists you know and so the other costs that the cable bill cost -- so irritating to mean every I'd like to get on something like yes. Yeah he he AT&T. Trying to entered because I think people are becoming more selectively you look at the next generation the colonials. And the millennium goals. They don't watch The Beatles sit down the united. -- oh it's it's Wednesday night or Sunday night at 7 o'clock I think is when does news -- See you still. You make sure you dinner was done now watched. These guys they don't they recorded during the eagle on demand and the download and watch when they feel like watching they don't watch the corrupt. Now they don't that that's that's that -- which is killing television event it's gotta gotta be having an adverse impact turn on the advertisers I don't know anybody who would watch the -- I. I I record them on direct TV shows right and then act fast forward into the commercials made -- to the notice it you know it's kind of fun. Is if you're watching a live event and yet to cease and commercially kind of enjoy righteous -- my gosh have never seen them before and its attorneys have released her. Here's your third trivia question of the day where there was Harry Truman. Born in him you're not allowed to play here -- your your outcome is you hear from the state where was Harry Truman's -- we want this town. In the state has to Marty told to status 68680. Is our text number tell everybody about Elizabeth Rosenthal. From the New York Times what are we talking her about this is an unbelievable story folks can't wait to talk to her about this is related to our health care. It was in the New York Times on Sunday it was story about a person in New York. Was having very complex surgery thought he had everything covered when he came to these insurance and it's someone showed up in the operating room. And. We'll we'll show the rest of the story from possible lot more money off. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yet you're you're Meebo Haniyeh as much as I don't like to pay taxes I like it even less of the pay taxes and don't have to -- right. Ashton and this would be one of them. So that the reason is that in Massachusetts we get this one million dollar exemption for estate tax purposes which means you meet -- week everybody are espouses. We have the ability to leave up to one million dollars to someone other than -- spouse and not pay tax how do you do that without this inheriting your spouse you create simple trusts. Whether they be re vote double or irrevocable. Depending on the type plane you're looking to do. You create these trusts in and most importantly you transfer some of your assets into these trusts so that on the first death. You're leaving assets in trust for the benefit of your spouse. And that money and would be less than a million subject to taxes the first state. Under your -- and therefore any. Leaving not owned by the surviving spouse -- your spouse only owns the outfits and trust. And as long as there -- less than a million weed out successfully sheltered two million dollars and didn't give give it a 100000. Massachusetts why would you -- -- a voluntary estate tax to Massachusetts when you don't have to. Get this free guide it's called back to the basics a complete guide to an estate and an asset protection plan. Call toll free 8668485699. At 8668485699. Back to the basics a complete guide to an estate and asset protection plan toll free 866848. 56. 99 you may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like -- included in that category -- we have help for you tell us today -- 86681064222. Request a free guide on health -- -- retirement planning is crucial and may even help lower costs and biology and it paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Follow him on Twitter I'd KK carry him you're listening -- Barry Armstrong and -- Karajan. On the financial exchange radio network. Be careful when you go to the hospital because it can be -- Very expensive experience what you I think everybody knows that you know when you have a -- -- procedure it's it's. You may have insurance that regardless of what you're sure insurance is there's going to be a certain amount out of pocket. Expense TU is that is that patient but. This story that was featured on in midday New York Times this weekend and it was written by Elizabeth Rosenthal is an unbelievable story about. Our health care system and what can actually happen to you and one that I think all of us should be aware of and she's joining us now McClatchy can do -- hi Elizabeth thanks so much for being with us. I think so I started to tell the story just that before we went to the break that maybe you can tell the story of Peter Dreier what happened to him. I'm sure Peter -- is probably one of the best medical consumers I've ever met he researched everything. About its upcoming cervical spine surgery that he could possibly research. He understood the cost from the surgeon from the anesthesiologists. From the hospital. And get good insurance and he has a good job so he was prepared for whatever came in the way of cultivate. And charges he thought. But what he discovered after his surgery was that an assistant surgeon had been called in to help but the operation. And that does the assistant surgeon submitted -- -- of 4171000. Dollars. And that was really no way he could've prevented that. Now is this if you'll let me just let's go to the assistant surgeon issue is that something that happens pretty regularly and a major surgery. Well we're out of it. We're looking at more and more I mean there are many surgeries including spine surgery where it's extremely useful it's not necessary -- the second they're trying to hand. But if you -- teaching hospital that second pair of hands would likely be a resident. A number of private neurosurgeons -- for talking about or orthopedic surgeon spine surgery. Would happen. I highly trained surgical assistant or attack. Hope it app procedure. Surgeons would -- Colin another doctor and that's fine except what I think questionable is. What should that second doctor he needed. Acting again how can a second doctor get a 100000 dollars for once or -- Well what Medicare says I understand however went out there's at and what we know Medicare doesn't he doctors well. But what Medicare says that the second surge in the assistant should get 16%. -- -- the prices paid to the primary surgeon for a procedure. So that's less than 1% to. What second assisting got on this particular case you could argue that Medicare is raped her -- while. And Peter -- to you know its credit happening. And informed consumer. That I understand that there -- I would've been happy if he got paid. More than Medicare rates may be 800 dollars is too little but boy a 1171000. Dollars is too much now. Typically in these cases of the second surgeon or a second doctor of some kind is called -- -- consulting purposes an assistant. But -- their feet typically paid out of the primary surgeons. He. They negotiated deal. You know discount. It's typically billed separately at what's becoming increasingly. Concerning or maybe twenty years ago it would have been just thought of part of that profession that you can help people help each other out all the time and medicine that patient care. But now what we're seeing more and more as procedures everything is being what we call on bundled so everyone charges separately and more concerning to know is. At didn't Peterson case. The person who called in May be out of your insurance network -- that major insurer has no deal with that person has no real means that negotiating. And that's where these huge huge -- Elisabeth wouldn't wouldn't mr. -- have been informed that there was this possibility. Prior to the surgery and couldn't he have said well we need to get someone within my within my insurance I unique I mean. You know it seems to mean that they could've at least worked with him and brought someone in who was in his insurance. -- a lot of the list a few people have brought a lot of what you would think -- I mean especially since before surgery we signed dozens of consent form. But one of the things we don't buy in the I want to do the article. It something about informed financial content which in some other countries you do decide and I think that's what we're looking at. As possibly a gap in in our medical system. I mean you'd do it that pilot papers often find something I would I'm much more aware that in my account and app today. I think you'll understand that you may be treated by some doctors who were out of network he you know initial here in that. And forms besides I think she should be really careful about signing up because we at home when we sign that that it part. Some peripheral doctors that might be needed in case of an emergency but no one will really invoke back. But it can be as -- main and important to your surgery at the sturgeon in the room or if you go to an ER it can be the ER doctors out of your network. So I you know. I will not -- that place. Anymore without asking -- The question right -- know it would -- shine exactly now an occasion in this particular case with mr. Dreier. With where is where they informed prior to that this surgery that this assistant surgeon would be in the room not necessarily him but. If this isn't an emergency situation. It well don't get what he had severe pain but does there it was not emergency surgery it happened -- you know it was scheduled a few weeks after. He developed this herniated disk in his upper back. And he. You know what he called when he started balance that who on earth does this doctor was doctor -- that they can make that he's an assistant he's done others surgeon. He said well wait a second I never met him I'd ever heard of him. I never consented to. A second. Surgeon and nor did I consent to this kind of speed and what they pat and I think we've all experienced that is. Well we think you know you don't have -- you in the operating room before you were being put out you met him since Alice Cooper. And we we get that ball that I'm you know Wendy's sign a consent for a colonoscopy. For example. After you've done that -- -- picked twelfth hour crap you really couldn't say. You know I'm I'm I'm gonna change my mind because I mean there may be an out of network anesthesiologists I think another thing we should export. Is content at a time when content is really reasonable where you can make its decision. I can't tell you Elizabeth do you get more respecting yet treated better when you take your car in for repair off right now he. But the surgery on my vehicle. Is I'm treated much better by 9 mechanic then I am by this hospital. Well I think you. And I think you know we're we're hearing now which is interesting from a number of urgent. -- -- They would like to offer this information to their patient -- would be inclined to do so but you know what. They can't get the -- information even from their hospital so far. Patient says. And we're going to be publishing of the about the isn't I want it now you know my -- an appendectomy is it cheaper to get. The -- one down with minimally invasive surgery or an open surgery. The doctors that I don't know. You know so that kind of information. We should be asking for a doctor's adult part doctors should be insisting that they have from their hospital. I think part of the problem for we as consumers is that we don't even know the questions to ask -- thanks to the fact that you wrote this article. I now realize that I could go into surgery in there could be someone who came in out of my network and would be a part of that -- I would've known to ask that question when I'm shocked isn't the -- had to pay the bill he did. Yeah. Well it weakened -- I mean the thing it did it actually had -- contacting your crimes which is interesting to meet you if he was going to do it all the ordeal. And when he sent to his insurance look I'd never consented to this. I don't know this -- I don't wanna pick a topic that. Oh you're right and they weren't it's old pizza company Davis. Inch -- -- accidentally said wait a second I did want to get -- -- -- guy I want to -- -- to -- that you say you know -- -- the unreasonable. They. Now I don't wire premiums are so high prices. That was his concern that that you know okay that the -- didn't have a out of pocket expense for that the assistant in the end after he wrote that there's a lot. You have to learn to protest but also keep that book my pension my company is self insured everyone's pre and they're gonna go up like you guys are paying out that way. It's like a professional courtesy cash grab for doctors to right. Yeah well you don't you wonder you know. How often and again you know what we -- in these stories is is likely to tip of the -- Bergen has seen from the responses. On. You know how often do surgeon. Get away at how -- to the insurance company right check. You better not careful as an adult gets sick as an international a tree that I'm somehow. I have heard from many many physicians who are who are completely on board with this because they feel like. The doctors who exploit that date came and consent is -- -- system. Are giving all doctors -- -- payment right -- become suspicious. Urgent that position went a lot of them out there. Art doing what surgeons and physicians have subtly done which is trying to do the right thing by their patient but. They're all getting too hard by deep deep deep but the part of their profession who are doing. Kind of questionable. May be an ethical. Practice. Elisabeth Rosenthal from the New York Times thank you great work really really an interesting article. I'll thank you very much help everywhere and plot the question I don't remember exactly thank you very much. Harry. When we come back -- talk about the 84 dollar and fifty cent reason that apple wants you to buy the iPhone plus that's next on I need to exchange. This is the financial exchange. On the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You may be wondering if you've saved enough to make it -- retirement now add -- that concern about health care costs and your stress level may be shooting through the -- when you're not -- researchers report that more than half of retirees. Are not feeling confident that they have -- enough to pay their medical expenses during retirement if you feel like -- included in that category and we have help for you -- today -- 86681064222. Request -- free -- on health -- -- retirement planning is crucial and may even help lower costs and -- they're paying for health care in retirement is a major issue is just the first -- the next step is to understand what these costs will be -- to incorporate them into your plan that number again -- 8668106422. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Collar office right now to request are bringing new guide that will teach you how to create -- estate plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing and -- has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 8668485699. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- best in business is right here. This is the financial exchanged on the financial exchange radio that. Came everybody wants to know where it is Lamar Missouri -- Harry Truman for. Lamar Missouri is in the western part of the state. And towards Saint Louis and eastern progress toward Kansas City, Kansas city's on the western side of the state and John from Burlington knew that and he's. Get the T shirt today in Burlington Massachusetts by the thank you very much for -- Kansas City. It is a Kansas City, Missouri and there's a Kansas City can't get that same city yes border runs right in the middle. -- -- here's your fourth and final trivia question of the day. Which US general. Did Harry Truman dismissed. For in subordination. You know the answer that question you make text us 68680. Is our text number. And I -- tie him I have been to the booties you just you in the summer well. I don't think again I usually go I'm usually -- winter movie guy is like you know it's Saturday night's -- -- -- hockey -- kids don't play hockey tonight right. But you from what I can other not a whole lot seed so. In fact -- -- Hollywood's the only. The only industry in a hot bed and the only folks who are saying yay I'm so glad summer's over right guys today. They want this to be over and they want to move on to next summer they wanna move on really to the holiday season in the next summer. Then it they had the worst summer movie season seventeen years it's they were down 20%. From the year before. But it comes to box office. Dollars -- they're looking forward to 2015. Because fast and furious seven will be out and the avengers each of old truck. -- -- We'll also be -- that's how they'll get started CDs and really getting released now with the big guy from the some programs. That night. Yeah. And Gandolfini James -- in the end -- -- the movie he made before he died is just getting released this fall detection he died it would mean a thing about it fast and furious that seven that guy in that died how longer ago yeah. He was that he had just minister was just in the process of filming that movie was -- as for 68 months ago. To nothing -- There was other to see this summer you know they had the movies out like Captain America right. Is that right Captain America and Spiderman. And none of those did very well -- you know. So did you order your new iPhone phone no no -- when you David I didn't know or are you didn't and in it yeah I don't we know you are real. What you ordered the iPhone. Six or I -- six plus -- its -- The -- cost an additional fifteen dollars and fifty cents to make the larger iPhone. But you're paying an extra hundred bucks to buy the iPhone six plus. -- so the extra profit. To apple is 84 dollars and fifty cents I'm glad I own Apple's stock analyst at that. Make them with a unit charge. 214. Or 215. Whatever you said the a couple of do you think that's they would never chart that you rethink the profit margin is on nine. Crazy 71%. On the -- six plus it's a very fat mark aren't in that business. And the iPhone six. Which is the one that our friend -- ordered its it's only 65%. Right so the -- the these bulbs now they enjoy a much larger. March than most Smartphone companies people will pay more for some reason. -- -- -- Who weep -- the margins on iphones. Are significantly greater than the aren't droids and in would you say Blackberry came up with a new blackberries genuine passport I -- -- at the Atlantic. Because there are lots for the camera -- Well pack it during that come out with the ball Blackberry just announced I would -- the first part of this week in the in the last week. -- -- Cutting back they're stealing it's all done. They're finished. There where they were headed and now they're gonna begin rebuilding and that starting with this new phone called the passport it's huge gigantic exercise your passport only -- -- -- -- Ten most disaster prone states holy smokes homeowners in Rhode Island you're in trouble the state is second only to Florida in risk of natural hazards. An event such as floods wild fire tornado and storm surge so. Says that you -- work from core logic yeah the Rhode Island -- dangerous place to live it is it is. -- -- -- in other states on our list though right the the bad ones are. Louisiana. California Massachusetts. In that order and that that -- at the top five. Then. Followed by Kansas Connecticut. Oklahoma. South Carolina and don't know it's a lot of these states are right on the water alcohol and it's not what is or Oklahoma tornadoes. -- and here we tornado houses just leveled yup -- tornado. Yeah South Carolina Connecticut Delaware this -- along the water Louisiana on the water California Massachusetts and now. Well on on the opposite side safer places -- Vermont via North Dakota. It's in New York, New York West Virginia Michigan will magically answered uncle -- at. This is interesting this just was released just 38 minutes ago. According to the 2014. US GS map parts of Massachusetts of the same seismic hazard rating. As the Sacramento area who. So what we might actually watch it on live as it now. -- -- -- -- The map that they released isn't large enough to be able to us they would -- message now it doesn't this doesn't I'm sure that matters to your house could become possible. It's certainly well that's for sure. I'm already on the list because of that but now we have seismic issues. -- We currently are dangerous to live here and people -- felt -- -- Good news for those of you living in connect it all the Connecticut medical marijuana dispensaries are up and running. It's funny because they're -- of this of this story yesterday and we were reported the fact that their first one had been opened on Monday but they have six in total. And within just -- worse than the other five opened up so now all six of these dispensaries are open. They're doing delivery service men and kind of particulars taken you can order takeout which is pretty -- -- -- -- And they say they have appointments and their every ten minutes he found out. Was you can get as much as two ounces. Of Canucks. -- -- If you're on it for medical reasons that they'll give you up to two ounces of water we -- yes and in the you're going to be you're going to be constantly stoned. He -- if you're smoke and two -- is that we are. OK so I think currently you know -- primary earlier just selling the pre rolled cones or joints. But eventually in the state of Connecticut they're expected to be they are licensed in such a way that they can provide -- greens. And debate goodies like brownies bars and cocky and Connecticut little additional purposes if it. I know if that'll be in Massachusetts sometime next year probably -- new deficit we thought we're gonna have this year. It looks like -- Thanks for tuning into the financial exchange today guys we'll see you tomorrow. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Its -- -- -- thrill and as you know what I do play by play like column as I see him I've seen so many teams blew big leads because of need this.