Full Show 2-13-18

01:51:28

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day you'll soon be your world stay informed and up today about economic and market trends plus get breaking business news every day can. And now the financial exchange with the Barry Armstrong and chuck Exxon. Three big stories to open up the show trumps budget proposal is going to project. Very large increases in our deficits were to talk about that. We're also gonna talk about how conservatives within the Republican Party. Are lashing out at this spending days many conservatives within the Republican Party opposed to the trunk budget. And then finally the third story room called led to discuss will be about the budget truck budget calling. For six weeks of paid family leave and I guess the big question areas who's gonna pay for hi everybody it's Berrian Mike with you here. On 8 Tuesday morning and you know the the budget. Is a study in modern monetary theory that this is MMT. At its base the problem is Michael. Eight we call it M empty others it might call a keynesian these are the types of policies this budget demonstrates the type of policy that is usually embraced. By a Democrat not a Republican. You're right usually you know days you know they've Republicans talk about fiscal conservatism and you know working on the budget and you know cutting costs and yeah you you are not seen it's an administration that said. If you take a look back the last 2030 years I would argue that it's really just been. Whoever it is not in power is talking about worry about the deficit and whoever is in power seem. To focus a lot less well I would agree to deficit hawks in congress and conservative activist. Who really nailed again to president Barack Obama's spending plans called the GOP debt explosion. Dangerous. Immoral. End of the trail pretty strong words. Yup they are and but I mean what they're concerned about is the Tea Party I mean the Tea Party came into. Election based on you know balance the budget beat conservative. You work on these things and you know their head they're looking and elections and what we have now. Seven months now now I doesn't member nine months now so you know they're concerned about seeing a lot of this is political. Yeah I mean no don't give Iran there are certainly people that came into office you know with that man and they want to follow that up. But yet there are a lot of others that are looking at him looking at that election saying. Okay well yeah we got tax reform done if we pass this giant spending bail them. What are mine what's likely to be elected again. You know one of the nuggets involved in the budget hearing in close to the bug budget is a proposal that includes six weeks' leave. For new mothers and fathers including those who adopt to promote. Time to recover from childbirth and bond with the child this according to budget language is the big question news. I hate it it's a wonderful idea. But how do you pay for yet and I think they'd the basic gist is jumps and we're gonna require this and Ross are required states pay for now I've I think that's. That's I guess an issue with a lot of the new proposed spends that this administration wants to do is they say. We want Judith you know it infrastructure for instance they would want to come up with a big infrastructure spend but states you guys gonna go figure it out at the same time they're saying hey if you raise taxes. Year unity in his yours isn't that living your state. Aren't going to be a deduct those taxes anymore. As at that same time they're saying hey balance your budgets saints but this they're also saying you guys need to spend more money doesn't say I don't know how you get around this. But the states are gonna deal that an individual basis which is probably the best way to have it happen right yeah so if if if Connecticut or New Hampshire decide how we want to provide six weeks they need just layered in to the unemployment programs somehow. You have to raise taxes you did it the good thing to remember here folks. Is in order to provide six weeks somebody's got to pay for ready employer has to pay for the employee has to pay Fortis taxpayer arrest papers three pockets he can do three lovers you can poll yeah. I think this part of the budget there are a lot of other parts and other spending and items that I think have a pretty good likelihood of going through and other cuts and I think it likely to go through. I've a very tough time matching this gets through congress a wonder the if would have any impact on number three I mean the birth rate is now. As low as we've ever seen. You really would you guys hear from your friends they gave they. The whole issue of maternity leave paternity leave Tucker you haven't had any kids yet Michael years say years of the same age. Our finances like matters that just one tip of the iceberg as it relates to the cost of having kids. EA you know I think it's tip of the iceberg but on the other side for for a lot of these companies there haven't do this already. Into power play to our employees. Labor is so tight right now that most a lot of not most but a lot of companies are having to enact these policies anyway right now. I think where you're not seeing it is the lower end retail. Say Yorkshire dogs are not getting six weeks of paid return to play you wouldn't do this but under this bill you would now be a very significant change but it I guess my point is you're starting to see this transition already. I'm not sure how just how big the impact would be overnight to birth rates beacons. In a lot of employers Oreo office. Trump's budget would end the student loan forgiveness program like this say you're so much abuse. In student loan forgiveness. And it doesn't impact anybody who already is in a student loan forgiveness program right it doesn't impact you if you're in college today. But it goes into effect from borrowing done after July 1 of 2019. You're not gonna have those loans forgiven under the same terms that you have today. I I look at law schools for profit colleges I mean it was just rife with abuse the student loan forgiveness for. There was bad here's another thing that you did just think about the repercussions here generally speaking to right there were there was some abuse going on here and yeah that could change things but. Be aware you know if you're running. District attorney's office or if you're running one of these places you're ready to now pay more for employed they were definitely factoring in the fact that over ten years my loans were forgive me if I go work in one of these these public types of organizations that street baseball as opposed to you know these tax incentives in income in loan forgiveness incentives. You know if if the DA's need to hire more people pay more money let him pay more great I just you know I think about it he has size six the other side they're gonna have to pay more and how are they gonna have to do that there's guys and to raise that you could say the same thing about two teachers because a lot of teachers took advantage of these programs yeah. Social workers to advantage of these programs. You may end up with fewer teachers you main purpose few were social programs champion and a time when in his time when our. We have February and she really tight labor markets you know taking that job as a social worker where you oftentimes when you graduate degree in arts even get a job. There will be many people and that job force and oh there will be well that's our discussion as it relates to the budget. I think the the thing that's. Bothering conservatives of the greatest degree would be effected its increasing. The deficit by trillion bucks a year and there's no sign and that's even with 3% growth. Right there that's assuming that you can actually get 3% growth in the Federal Reserve has taken a look at and saying. Now that's happened wrote in two and a half in the short term and long term answer that Fed's it was like I'm the Fed was right sure but do you honestly believe that you're gonna see 3% GDP growth for the next decade. Last five years I'd venture next 10 years I am very serious doubts 3% you'd just at that you'd just later you know you'd gesture spending and he just attacks in intake if you're not. Yeah you know the dad that that'll be the the perspective congrats future congresses problem core conference right exactly I our poll question today. Tucker has to do with. People's satisfaction. As damaged but pretty straightforward do you approve of Trump's budget plan yes or no. And you can catcher right now financial change or dock all checked the results throughout the show you can vote no and but before you do. Or eat vote however you want but I would encourage you to study modern monetary theory and and T. It gives you a different perspective as a relates to deficit spending. You're effectively like they're talking about the big infrastructures. And he's one 1e+21. To alienate him that. That all has to do with investing in your company it's like you buy a house. You have to invest it ye your you're gonna make improvements if you own home. And you don't maintain its going to deteriorate and if you don't improve it probably won't go up and that your with the countries the same rate or roads or horrendous bridges are Perot and we need. And infrastructure plan like nobody's business and that's where if you study MMT. Then you'd like them better understand. It coming up where it be joined by Andrea coombs from her wallet to talk about. A circumstance that many of you may find yourself. Are you taking care and elderly. Are you helping care you provide care for your mom or dad. If you war maybe it's a great pair that you're providing support. Where it talked about the tax impact. Of U providing care to the elderly. There's are there are taxed for significant tax rates you may be entitled to that is our next topic from the funny to exchange. Like us on FaceBook and follow us on Twitter pax TFC show you. Breaking business news is always first right here on the financial exchange radio network. Hi this is very Armstrong last November my firm gave away a guy that outlined the seven signs of an impending market correction those signs included rising interest rates and overvalued equities and as we've seen over the last week those two issues have had a major effect on Wall Street's recent performance is the worst over time will tell but there's a lot of people who were uneasy about what they're seeing in the markets if you're one of them then let's sit down and review your investment strategy if you're working with another advisor that's fine coming in get a second opinion it will cost you nothing and you might learn something about your portfolio I've been helping my listeners with their financial planning needs for years and I'd like to help you to call today and set up your free consultation at 803934001. That's 803934001. Securities are for two securities America incorporated members in SA BC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Advanced estate planning has many benefits including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week Todd let's do a partner go off from Cushing in Dolan post the legal exchange radio show and he educates his listeners by telling them how to protect their assets from the high custom nursing homes estate planning has many benefits but if you don't plan accordingly you're sure to miss out. Cushing in Dolan is put together a brand new guide told the top ten reasons to do a state claiming minute you'll find strategies that can help you navigate this complicated process while learning what to do in what not to do when it comes to setting up your life estate call now for your free an 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com Cushing and Dolan has been helping families just play Georgia Thursday claiming for more than thirty years give them a call get their free guide and let them help you to call 8668485699. Or download the guide at legal exchange showed dot com. Are strong here and I'm joined by estate planning attorney Todd look ski from the law firm Cushing and all we're talking about motivation to create in the state plan here's one. How Todd can somebody. Insure. That an ex daughter in law or an ex son in law is not going to take. Half of my child's inheritance when I die in the event that they got a divorce you know I don't think I sit down at a client meeting. And this doesn't come. Rate can be do you bring it up Purdue the clients bringing. I think it's a combination of ball but but once you mention if they don't mention that always think about after death toll line and when you mention it. They jump on. One might spell out here at lower divorce is so prevalent I guess that's the pro and here's the lower right. You guys you both you leave each of your children half a million dollars right. And then three years after you're gone they get a divorce. You're gonna lose half 500000 dollars on a good. And so what we try to do is inside the trust again another family reason to do estate planning a non tax reason to do an estate plan. And and we inside the trust we create its shares for the children and we have independent trust me if you will making one decision only. And that is in their sole discretion to make distribution to the child or to the grinch. And that sole discretion provides all the creditor protection that they need from the divorce in the future. I don't mean to lecture but it's a good idea it created state plan and keep your assets in the blood line. Avoid having your state goat to ex son in laws are ex daughter in law's call Cushing handle an 866848569903866. Eight Horry 5699. You can download the guide on the website legal exchange showed dot com. Or call full free and do it now 8668485699. Security suffered through securities America each member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Berrian chuck is liable on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network and a. The statistics are startling. I wanted to share a statistic as it relates to those. Americans who are taking care of the elderly or seventeen. Million people. In the United States who are actively taking care of their elderly parents is according to Bureau of Labor Statistics. We're to talk about it because a study by the urban institute. Found that out of pocket expenses can run a 140000. Dollars on average in families in which. An elderly person has long term care needs we're joined by Andrea coombs from nerve wallet to talk about this Andrea welcomed the show. So I was shocked I had no idea of the seventeen million people take care of elderly parents. It is a lot of people and they're really big expense and I you know I think people and I think about the pennant they think about children but. Our parent can be it can be dependent as well and something I think about plant floor. What I have a friend who had a very successful career. And she left her job in order to take care for aging parents is that common. You know I don't have the statistics found that I've definitely heard anecdotally that it happens. You know. It definitely happens if it's an issue and then and then you have the combination of the they expenses for the care plus the lack of intent enough that it's as real as the real. Struggle I think for a lot of Amylin. So what are the tax ramifications if I'm. If if finally if let's just give me an example let's say my mother in law moves in with me on providing her with shelter and providing her with food. I'm providing her with care and driving her to a doctor's appointments and you know just that take helping to take care of her. What would've I allowed to deduct on that if anything. Cash or checks there are a few deductions and credits that I won't say it's a lot and that won't really cover. In after taking total care of them but it may not it's sort of toward the top of the pocket I would say but there are some some back tax benefit that you wanna consider. Now this is you know in a situation you just described that that does sound like and your mother hop but qualified independent app that's the real. You know attack this question that you have to answer does your apparent qualify as a dependent. And generally speaking that you know that you provide more than half their support for the year there are enough for each of the credits and deductions not really about you know there are different rules but you really need to do your research. And for instance there might be income limitations for the parents felt. If you take care of your mother in law does she have any income beyond social security and if she does. Is that may impact what he can claim you know when he attacks and it felt like they would but available soaps. Personal exemptions they know you can pick a person that appears now they need to personal exemptions for any of your dependence if the parent qualify as. As independent he can claim that 4050. Dollars out of the property as you're gonna you're income. Tax blowing something up about them you know. That's the benefit right there. Again not you have to make sure they could their parent qualifies as. I depend and then you know actor looking to their income and all that so you restart. Another. Tax benefit if that dependent care credit. Now to credit which is really weak that reduces your tax dollar for dollar you know like we like the credits. That is essentially words maximum of about a 1050 dollars. This year. Yet another way it works is it up to 35%. Of up to 3000 dollars in expenses so. You know it's and then their income limitations. With the complained that bet that limits what you can claim 35% are twenty or 20% so. Well AJ let me ask you about bigger ticket items. Let's go to the biggest one of all the nursing home let's say your mother in law. Is ill and you can't keeper at your house in you have her go into a nursing home in your writing that check to that nursing home or assisted living facility. 70080101000. Dollars a month. Cannot deduct that on my taxes she's my dependent. Can I did take a deduction for that 101000 dollar monthly payment then on making to the assisted living facility. It's so yes you're pretty you're dependent a you do it the medical expense deduction that you claim for dependents. And my understanding of the although I have to say I would you have to look at the world to make sure that the extent you're paying for a qualified of the medical expense that you can claim that deduction. Right it probably depends like an assisted living facility is not going to be all deductible. But in nursing home would be because that's eat they have to be. So you react to each individual taxpayer have to go and look for themselves whether there it was all but the bad production. And then have to itemize claimed deductions. But if you are itemized and then. You can and and they again at the for the dependent you're talking about. An immaculate deduct those cough. That exceed. Seven and a half percent and you're tested I think I'm now interestingly it would fit that that they dollar and I think it's the percent of its. Figures seven and a half percentage point seventeen it was actually 10% for for 2017. But via the new tax law that just passed in December matching that. Moved it back out and a half percent a little a little. It's a exactly a little bit about it that there are a little bit more. And your expenses would be deductible. Thanks to that now that. Seven and a half percent is only in effect between seventeen and when he eighteen and then at the latest to go back at 1010%. That Woolsey you know maybe that. Who knows what will happen and can buy in and by the time it may not. Change maybe congress for the but it can keep it 7% we don't know. Coming off a to point out we talked about the personal exemptions. 4050 dollars that is available in winning seventeen. Not available in 2018 and be on the tax eliminated personal exemptions. All right so that doesn't help us for this year doesn't doesn't. It it helps you when you go to file your 2017 taxes but it does not help you went when he. Right right yeah is there a a place to go it because like I Marty getting messages on our FaceBook page where it where do you where does somebody go. To try to give answers like yes it did they have to go to their CPA because a lot of people a lot of our listeners may not have a sepia. Grade yet it's a really good question and a hard one to answer. You know there are enrolled agent you are tax expert. You know their tax prepare is to mandate you know. They they can have been focused on your tax return rather than the EPA might have a broader. You know who wrote my beard here your tax consultant more than them enrolled agent on. They might be more affordable for some people finding a tax prepare them enrolled agent yeah. There are for people. The qualify there are actually. You know ARP update. Tax aide program. What he can go and get your taxes done by a trained volunteer yeah. Not qualify. And then another that night I won't say it. The major tax software providers. They're pretty helpful when he when he in their gang attacked as I mean I think. One. When that your situation getting complex if you need to do your research and it can be kind of interest to do your respect on an anatomy. I had a I would recommend her to lie we have a great tax. Section a lot of great stories that are yeah but yeah I you have to make sure you trust. Every looking at on the Internet and actually getting the right advice. But the big tax software companies do you know as you're going through. Doing your taxes they do you ask the question. That get you to the right answer. All right thank you very much anger appreciate your time. You know Michael it occurs to me. The there's seventeen million people. Across the country providing care and it just at that's a staggering. Number yeah and could be as much as you know your mother in law living with you your father in law living with you or being a live. Independently but you're helping him pay their rent Harrington that that I'm not all that surprised I see this a lot with people in there fifty's and sixty's the you know client or clients and just people we ran into in the fifties and sixties that. They have to pull back from worker users can't get into a job because of him. They would we come back we're talking about a new benefit that was just rolled out by Amazon. We have to be a prime member in order to be eligible. That's next from the financial exchange radio network. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should talk we all work hard but if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention that your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Securities for securities America incorporated members in SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank does he ran technology Tillman does he team at 781 at 6418691. That 7816418691. 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Fully approved by congress has been in existence for about 45 years that we have several companies that are doing that Carly and we effectively reduce federal income tax because we do Ameritech's system where we use the federal forms with the money sees him territory and a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us to tweak our tax rates if Europe. Business owner looking for tax breaks talk to the folks at the US VI economic development authority and learn how you can put incredible capital back into your business. Log on to their website its US VI EDA dot or best US open. VI EDA dot pork. Advanced estate planning has many benefits including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week Todd let's do a partner go off from Cushing in Dolan post the legal exchange radio show and he educates his listeners by telling them how to protect their assets from high custom nursing homes estate planning has many benefits but if you don't plan accordingly your short miss out. Cushing in Dolan is put together a brand new guide told the top ten reasons to do a state claiming minute you'll find strategies that can help you navigate this complicated process while learning what to do in what not to do when it comes to setting up your life for state call now for your free copy an 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com fishing and Dolan has been helping families just play Georgia Thursday blaming for more than thirty years give them a call at their free guide and let them help you to call 8668485699. Or download the guide had legal exchange showed done. Come many believe that the incredible success we saw the markets last year was fueled by the promise of tax reform president trump signed the bill just over a month ago and the markets remains strong with plenty of optimism about a repeat performance in 2018 Titus is very are strong and I've got a new guide out this month that breaks down how this new tax bill will affect you especially if your high income earner this new guide we'll break down the changing tax brackets how the bill affects retirement savings as well as what it means to the federal estate tax let my team at the Armstrong advisory group explained these changes and how old that new law affects you call right now feel free guide 803934001. That's 803934001. Or download it right now at our strong advisory ducked out. Dirty suffer through securities America incorporated member finreg SIPC advisory services are for two securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Time now for my whole street watch a look at the market's performance so far today thanks to Darian jug right here on the financial exchange radio network. This segment financial exchange. Russia by a leader bank leaders who rewards account or absurdly high interest rates get 1% cash back or debit purchases an extra 10% back when used the card it featured businesses qualify for these in other words call leader back at 8776917900. That's 8776917900. Custer must. Meet eligibility requirements are Cesar guru who rewards contact leader back for complete details member FDIC. Markets down down down about a 139 point two toiled. Or ill. It is ass in that also down about half percent. 58 of them a Tamara got a good story on oil cover later national. Market's movement. Yes so couple big moves out of Walgreens announced they are in talks to try to acquire AmerisourceBergen they already own about 26%. Of the company big drug distributor. Walgreens obviously flat on the news there talking about a choir say their up a little bit less than 1% but it nursery Bergen up they were up. In the double digits right now they're eight dollars forty cents and that nearly 10%. The other ones under armor there reported earnings the earnings themselves were about in line but they sop pretty huge ass sales performance internationally. They also announced a little bit of a restructuring program that should come to cost savings the stock is up. Knew it to about fifty cents or 17% this news after having a pretty tough. You know. One or two years. Performance. How do you guys get you were books and magazines do you use audio books to use scribe the new it would idea physical copy of the book usually I'm not into the U readers really nah. I Nigeria is akin bowler Elton. I used audible almost entirely against him zones. Zones. On audible books then. It's up and wanna read isn't available there than I used my phone with Kendall yeah. Because the what I noticed is Amazon rolling out in new perk for prime members who love to read. And it comes with a lot of well a lot of things that I didn't previously have access to. Yeah a lot of books. There are they've had this before but it was a very limited there you know not very many books available. At this point they're announcing a thousand more than a thousand of the most popular books and magazines. And their offering at no extra costs if you subscribe to time there are just putting all these out there read whatever you sure that we'll show updated to the comic sense I mean you get. You know what if you were prime membership give access to a ton of movies and TV right not so why would books apply yeah you know one cents but it wouldn't inducement to maintain your membership chair. I think that's huge and but I I think about like you mentioned audible books are these these ought different sources and yet now I just to be one of those companies you're saying well. Like script rate that's pushing goes again audible book isn't yeah I use nine. 895 a month and watch you are on ovals 25 or thirty dollars a month now after the show and it's in Somalia mice of subscription described. I don't know how many audible books there are available for free I think a lot of this is going to be you know. Print books that you can down one on v.s not everything that they have available on the Kindle is available on on ice or two passes to the question is audible audio books audio books is able to listen to these cards to buy Amazon.com. On the road so much the idea just download audio books and it's as if you're working now. You know fidelity audio and more. Which obviously isn't enough. That. Millennial it's are killing marriage and here's why that's a good. It I mean you we've known this for awhile that there's a trend of people getting buried it later age and less frequently but now we have stats yet to read you. And if you can really say they're ruining marriages and their just are killing there there's getting married last but the average age for marriage is now 27 for women 29 for men okay that's sister went in first Taiwanese women no merit to the 27 now yeah. Powell went with a get married back in the 60s21. So a six year difference and men they're getting merited 29 now correct and now it's back in the 60s1963. Is 23 years. So they getting married much later in life. 6 years later Dallas morning nine. And only two in five land deals. Are married compared to in three back pennies yet. Pretty significant changes now the theory. The millennial is will have suffer from fewer divorce rates. Lower divorce stats to back that up yet it's too early yeah it is too early. But statistically I can tell you one thing they did measure woods. The longer you were in their relationship prior to getting married. The better chance your relationship has survived and so. There's an upside this in this and downside the upside is okay you're actually thinking about things you see you a lot of these people have a ton of debt and there's today. I'm not get Meredith I have this new person that's in Baghdad and need to get that out and have a solid job that's more fiscally responsible. But on the other side you save a lot of money in some cases about filing jointly run and it. From your tax return a lot of I mean if there's a difference in how much you're making if you're making the exact same amount that you pay more taxes. But if one of them are a hundred no 150. You save a lot of tax. Yet bigger deductions you have a lot of different things countries that help you saving taxes. And less you know if you're both earning a 100000 dollars of your Byrd both married to a thousand dollars an enemy and paying more taxes but there's a difference. Save a lot. Those of you who are running successful businesses. Know that you have a partner who's your partner. Federal government and the state government in which you resign because when I say they're your partner. The end of the year they're gonna take 203040%. Of your profits in the form of taxation. You can avoid 90%. Of those taxes by relocating your business to the United States Virgin Islands. And you don't know where they are there south of Puerto Rico they're south and east of Puerto Rico and there's three of them. Saint John saint Thomas in saint Corey. And the air territory the not a state they are US territory. And so they set their own tax rates. And if you re locate your business to the US Virgin Islands. You can reduce your tax liability on profits by 90%. That's 90%. They have a guide that explains the entire program to your wanna take this guide to your accountant and your CFO but if you're making. A two million dollar profit five million dollar profit ten million dollar profit. Why would you at least learn more about this program through the US Virgin Islands economic development authority. And give your phone number you can call. It's 855622. 3634. Did you get that 855622. 3634. And ask for their guide it's it's simply got I've got one in front of me about forty pages and taken artery maybe an hour half. And it explains that. Tax program if it's a wonderful thing in and hundreds of businesses have taken advantage of it. And they've reduced their federal tax liability by 90% and they've eliminated. The state tax liability in its entirety. How do you learn more while you make a phone call 8556223634. Or you can go to US VI EDA. Dot war. One in five Americans are making a terrible. 401K mistake you know this article came across the negative article I think it's fantastic I thought to be weighed more than 15 army in this huge missed answer. And one in five Americans toward percent of people with 401K plans are apparently not taking full advantage of the employer match. So I and I think everyone pretty much has finishing at how this works but generally speaking an employer might say. Put ranger 41 K plan will match half the contributions up to 5% of your salary or temper senators summer high yeah some can be really. If you're not taking advantage of that you are quite literally leaving free money to them. They email to talk to your sister at the very least you got take full advantage of the employer match because you're. Quite literally throwing money in the toilet you're not taken a lot of people don't do it ID you know I've heard people the excuses range from we have got a lot of money in my credit cards right and a lot of student loans. But it is free money is it like I've seen people leave as much as 3% of their annual salary there at the company in the companies got a happy about it and that means they are there after matches. The news that's his deal for the company yeah. The whole state of every. Athlete competing in the Winter Olympics. For team USA. We're gonna run you through the sixth New England states. They include Vermont New Hampshire Maine Massachusetts Rhode Island and Connecticut Massachusetts. Has the most olympians in the this year. Yeah northeast. Dinner in New England Massachusetts and those with sixteen. Means got four New Hampshire got four Vermont's got seven. Rhode island's got two and Connecticut's got six Massachusetts can be pretty proud because you look at that sixteen number right. And New York's only got 21 and there are a lot bigger they are you take a look at the side the population of New York. Tucker look at the population of Minnesota wouldn't I'd be curious as Minnesota. Has 22 Colorado is a smaller state. Twin Massachusetts and they have 21. Olympia Minnesota is five point 52 million and they are smaller state you know. So he's a you know it is Colorado lot of skiers did right Minnesota and hockey players you look I'm winners of the men and women's team curlers I'd imagine. A sharply. The bad they never win right. I don't think so what are the can you pull up the middle rankings to Tucker that driver this year like to know who's winning all the Olympic medals like to you know what she would conduct house. Yes the Olympic Medal count now. Pull my take awhile there want me aid if it truck and do it like to second and. Let's see is an earlier. Germany has in the mr. at the top Norway has eleven now. Followed by the Netherlands. And Canada with ten candidate has ten Germany has nine United States is six units Italy has six so far. We don't want last night was Khloe Kim he killed did you watch sent I acted phenomenal one phenomenal. And then now Francis five through seventeen years old it's unbelievable. This year she was in close to anybody else army in there and nobody was even close to her she just on. Imagine the money she's gonna make it into tall man how much is how old is that accurate read back is that he's accepting marriage into what puts you don't want. He what you weren't he still brings well our snowboarding you and golden stat that freestyle snowboarding whatever and on Sunday or Saturday to make that thirty grand for winning a gold medal. Yeah but the real money these days under our Burton. I just think about all in or straight in there and Khloe Kim she's so cute guy who who wouldn't want to hire her now and easy in the eyes you know she's just issues a cute kid right yeah I DE everybody's gonna want her. She's got a great personality to shoes making jokes in the post game like that yeah she's funny personal any other events for her is that it. Mature mature owner watched last night's Ahmad in Olympic expert here but since Diaz right the other the other kid that won the gold these are still orders while Redmond Gerard he's from Colorado he seventeen yours as well. You can choose snowboarding gold go Olympic that's injures seventeen years old now. Handers they take. Not from France visitor and it is from Spain but one of the crisis Pena took her real dad trees play and don't know endorsement deals for her off. Yet via camera cut away from her pretty quick yeah up next will be joined by injury hacked from seeking alpha ruby talking about commodities. And infrastructure deal on its way that what does that mean for cement copper steel well let you know when we return to the financial exchange. The financial exchanges all over New England to go to financial exchange showed don't come and search for the station closest view this is the financial exchange radio network. Advanced estate planning has many benefits including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week Todd let's do a partner go off from Cushing in Dolan post illegal exchange radio show and he educates his listeners by telling them how to protect their assets from high custom nursing homes the state planning has many benefits but if you don't plan accordingly your short miss out. Cushing in Dolan is put together a brand new guide told the top ten reasons to do a state claiming minute you'll find strategies that can help you navigate this complicated process while learning what to do and what not to do when it comes to setting up your life for state call now for your free copy an 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com Cushing and Dolan has been helping families just like Georgia Thursday claiming for more than thirty years give them a call at their free guide and let them help you to call 8668485699. Or download the guide had legal exchange showed done. Com. Hi this is Barry Armstrong and I told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering an. 25%. Annual percentage yield this is an online product only and there's no minimum balance required to log on to leader bank dot com and sign up today this rate may change without notice so don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change. Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Number FDIC a minimum Alex fees may reduce earnings rates subject to change without notice and may change after an account is opened hi this is chuck and Mike from the financial exchange we're here today to talk about some of the changes that are happening in the tax audit recently passed at the end of 2017 what it means for you in 2018 and specifically Mike. High net worth individuals one of the biggest things that changes are some of the rules about gifting as well as irate at 41 K contributions how much do people put into a 41 K plan. Yes so back into seventeen that limit was 181000 dollars per individual that number is going up slightly this year for 2018 is to be 181500. And don't forget if you're over the age of fifty you have an additional 6000 you could put in there totaling 24500. However on the higher side nothing's changing you can still put in 5500. In that hiring an adamant did not go up so it's really about the employer sponsored plans. For this one eye on the gift tax side of things for 2017 you can give away 141000. Dollars per individual without filing any sort of gift tax return in 2018 that number is also going up to 151000 dollars up here as we've seen the bigger changes are definitely on the corporate side but there are some small changes around the edges on the individual side if you take advantage of can be significant. Folks this is a free guide available for Armstrong advisory group it's titled how tax reform affects. High net worth investors and it's easy to get all you have to do is call 800. 393. 4001. Again that's 800. 393. 4001. Or you can get it online at Armstrong advisory dot com once again how tax reform affects high net worth investors 803934001. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. They say video adds ten pounds. But don't tell Berrian Joakim the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. You're talking almost endlessly about the incredible stock market volatility we've seen at last look you know three weeks. But there's been a lot going on in the commodities market to interest potentially some opportunities were joined by injure Hecht and seeking alpha is gonna talk to us about the markets. And two what are we seen just in the last few weeks in the gold market. Good morning and Barry and Mike. Basically we've seen. Two things polling. The gold in the oil and a lot of the other monies to different directions for the dollar. Has been falling since the beginning. 2017. And visit a historical inverse relationship between the dollar in commodity prices so that's been supportive but over the last couple of weeks with the bond market going down and affecting the stock market. Lower bonds higher interest rates. And to increase the course of carrying commodity inventories and can be bearish. It's not caused by inflationary pressures. So we've seen commodities being pulled into different directions commodities came out of the gate in in 2018. Rallying. But kind of a risk off environment lately has caused a little bit of selling across the B defector. So I mean that makes sense if you want gold price to do well you want a cheap dollar that it makes perfect sense but we're talk to us about interest rates and inflation like what if we saw. Interest rate movements which I think most people are saying it's fairly likely and 28 teen tween nineteen we should see some interest rate hikes. What if that would come along with really no inflation what do you think that might do to the commodities market. Well that's an excellent question I mean you know that. Interest rates have two components real raids in and Andy inflation. Factor no real rates go up and inflation does not go op. That could weigh heavily on on some commodity prices that have done well. What one of the sectors that I'm keeping my eyes on here you know it was Groundhog Day last Friday it's Valentine's state tomorrow. Pitchers and catchers report this week is spring training. And that's it as a commodities trader at that tells me that the plantings he's in the green is just around the corner and that we had. Five straight years of bumper crops. Because the weather mother nature has cooperated. But that's no guarantee that piece here is going to be this thing now if we have shortages of grains. Because of drought floods the weather event. That will translate very quickly to increases in things like this PTI. And that could stoke some inflation so I'm keeping my eyes on that sector right now. He out that can be really is there any early indications are we might see them and we've had a pretty interesting. Whether you're already this year with fires out in California. And hurricane hurricane season. Exactly exactly and you know what if every year with a new adventure when it comes to grain markets is really mother nature. Who have to cooperate and five straight years has been an anomaly in terms of you know crop enough crops to feed the world. What have one of the macro things that I look at in terms of commodities. Is it is these demographics. You know that there's two sides of the commodities equation the fundamental equation you have to supply side and the demand side. And when it comes to demand back in 1960 when I was born the way back that they would reach two billion people on our planet. Today this seven point 44 billion people and and wealth had increased in places like China. So today you have more people with more money. Competing for playing ninth warm material. And that means that the demand side of the equation has strengthened over a decade. And we if you look at long term charts of things like. Corn and soybean and wheat and many other commodities you'll find. That for the past couple of decades they've been making higher lows of the base prices have been going up. So the demand side. Does it in underpin. These market these commodity markets will material market and before the break records you mentioned you know. Potential spending of a trillion they have dollars on an infrastructure projects. And that's certainly if that passes congress. And it seems to be some bipartisan support for that. That will also increase. Industrial commodity demand things like copper mountain man been. And other commodity based metals and and he didn't energy commodities like oil. Right well Andrew we've got to get out but it really appreciate your take that indirect and seeking alpha talk about commodity prices looking into 2018 and beyond that commander. Thank you. Big question is do we get the infrastructure deal you know I guess that's huge the we immediate I mean if you drive around the country. Now some states are worse than others put the New England states in my opinion. Could sure use an infrastructure yet you drive through New Hampshire and you see the condition of their roads relative to Massachusetts. Hey they seem to have allowed at least the highways of New Hampshire primary in Massachusetts in infrastructure deal one point eight trillion. Trust me that's gonna have an impact a major impact. On commodity prices. You know the Dow is down 33 points and the NASDAQ up actually up eleven points it's very in my. And when we come back we're be talking about housing prices and housing inventories. The numbers are shocked. Hi this is very Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should tuck we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention that your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934001. Or you can connect with me online at Armstrong advisory dot com. Securities are for two securities America incorporated members in SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks mostly in their local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Met advanced estate planning has many benefits including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week Todd let's do a partner go off from Cushing in Dolan post the legal exchange radio show and he educates his listeners by telling them how to protect their assets from high custom nursing homes the state planning has many benefits but if you don't plan accordingly you're sure to miss out. Cushing in Dolan is put together a brand new guide told the top ten reasons to do a state claiming minute you'll find strategies that can help you navigate this complicated process while learning what to do and what not to do when it comes to setting up your life for state call now for your free copy an 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com Cushing and Dolan has been helping families just play Georgia Thursday blaming for more than thirty years give them a call at their free guide and let them help you to call 86684856. Now. Guide how tax reform. Affects high net worth investors and Mike when the biggest changes that we see is in the federal estate tax on the what happened to this number as a result of tax reform. Sure certain 2017. You could give to five point. For married couple that number was eleven million these numbers are effectively doubling so. Instead of five point five million you're now looking at eleven million for an individual and 2.2 million for a married couple so this is really impacting very few individuals. I mean in the aggregate were. Americans these days and remember that's a pretty hefty tax rate if you get hit with the estate tax you're talking upwards of 40% of that value that you try to pass on. So the federal limit is doubling the five of the six New England states have state estate taxes well the most restrictive one Massachusetts that number starts to million dollars its guts and guy you know it's not just the amount over a million dollars if you go over a million dollars in Massachusetts you paid state tax on everything you have but you know going through the less Connecticut as an estate tax at two point six million Maine eleven point two million like you said Massachusetts one million Rhode Island is about one point five in Vermont's about two and three quarters the only state during the without one is New Hampshire folks. These are questions that you need to be able to answer if you're wanting to pass any inheritance down to your errors and so this guide how tax reform affects high net worth investors is available for free. All you have to do is call 803934001. Again that's 803934001. Or go to Armstrong advisory group dot com 803934001. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank in May go down in value leader back a step ahead. Many believe that the incredible success we saw the markets last year was fueled by the promise of tax reform president trump signed the bill just over a month ago and the markets remained strong with plenty of optimism about a repeat performance in 2018 Titus is very strong and I've got a new guide out this month that breaks down how this new tax bill will affect you especially if your high income earner this new guide we'll break down the changing tax brackets how the bill affects retirement savings as well as what it means to the federal estate tax let my team at the Armstrong advisory group explained these changes and how old that new law affects you call right now feel free guide 803934001. That's 803934001. Or download it right now at our strong advisory dot com. Securities offered to securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Do they are better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in the same day Imus. There's just twenty minutes apart in the number ones out in the heat. You're out and once again WR downhill this winner and added tax and lap cat nap. Cricket dot com for more information hi this is very Armstrong and I told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 25%. Annual percentage yield this is an online product only and there's no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice that don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates changed it. Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so log on to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Her FDIC no minimum balance fees may reduce earnings rate subject to change without notice and may change after an account is opened. In new. This is the financial exchange with Barry Armstrong and shut sun out. You're exclusive look at business and financial news affecting your day your city your world and stay informed and today promoting economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck son. We have three big stories to open up today's hour. The second hour of our show today. One has to do with housing we are seeing record prices for housing and record low inventory levels how much longer can that last we'll talk about it. You know or talk about the impact of a 5% mortgage rate on the housing market and then finally. Threatened Whitney in Connecticut. Having some serious issues with some of their jet engines hi everybody it's Berrian Mike with you here. On eight Tuesday. And Mike have been around a long time housing inventory here here's the thing is here's everything you need to know. Existing home sales in the final three months of 2017. Hold down housing inventory to an all time low and kept home price growth and its recent robust pace. I mean that the rate of increase in housing prices is a precedent. It is you know you re you have seen pretty dramatic about it I really do not think this should come as surprise to anyone we've been talking about the lack of supply in the market. For what two years and now. It's finally starting to catch up and you're seeing there we saw a five point 3% increase from the fourth quarter in the medium perhaps well be and I think you're gonna start to see. Shovels in the ground I think you're gonna finally see. Developers real estate developers say. Okay at these prices I can make a tidy profit. If I build a new house or by putting condominiums and here's where I'm not sure. If I agree with you you may be right page if we look at the economics of that. The labor costs for doing have increased so substantially of the last five years that attracting. Ever when you need to do that job re getting the electrician getting the plumber getting all these guys in here cost a heck of a lot more than it did five years ago but as I labor's now can afford to buy a house yeah you know I hit it's this site. All and the statistics on millennial homeownership. Rate still very little year you have your generation wants to buy houses and and they put it off for a variety of reasons rate student loans bad economy. Changes in lifestyle. But at some point smaller meals are gonna come out of the water I think the RD it and we started seem like meals come out last year. And buy homes in earnest what are walked through some markets because I ran through all the New England markets an active fine. The Boston market and start up but that. Up seven and a half percent change year over year. Bridgeport in Stamford Norwalk Connecticut up four point 1% year over year. Born stubble on the tape up five point 5% of the cape market up five point 5%. The Providence market up five point 7%. Manchester, New Hampshire a booming economy up six point 4% Worcester. No Worcester Massachusetts up 7% Worcester used to be the dorm. Yeah if it did what nobody what is it Worcester had just real struggling economy for a long time the Worcester market up 7%. Year over year. And then. We gonna go to Connecticut and sort of do this but we have to. Connecticut Hartford down point 2%. New Haven. Down one point 3%. New London, Connecticut and after the new lending Connecticut up eight point one dollar and that's I'll tell you what happened there. Pfizer left New London, Connecticut. And that just devastated the market extended period time now EB. Is hiring like Krejci then in that area. And so housing prices here are skyrocketing. Springfield Massachusetts. Also a doormat historically Springfield has suffered in the long term firm in the housing market. Up seven point 2% in I would suggest to you if that's gonna get stronger. Given the fact that mass mutual is moving. 15100. Jobs. Into Springfield and in the casino out there and the casino there have been a lot of jobs there so people have jobs in the gonna lose all their money at the casino. Pittsfield Massachusetts a four point 8%. So B two bomber market's. Rate really Connecticut. New Haven and Hartford and you know I don't know what side of the political while you may fall on but I will tell you. Connecticut's economic policies of the last 2030 years have led. To the situation that Connecticut exists in today where you have. Housing prices. In 92% of the markets across the country 92% of the markets housing prices are going nuts right there you're you're gaining in value. Across the country. In Hartford and New Haven. You can thank your leadership and you can. Point a lot of the blame torture current leadership but this is something that has occurred overeat twenty to thirty year period of time Connecticut and you know it used to be Michael. We're Rhode Island was the weakest economic state in New England for fifty years it was you Rhode Island was the stepchild of New England. But tea what. Genetic it has become. The black sheep of kinetic of knowing it's just the the policies that they've embraced for an extended period of time. Have had a devastating effect on the economy and. If you look at. Nationally northeast has actually the lowest growth. Of the different for different areas they measured tickled to Arizona midwest south and the west. Look at the sixers on things like 8% midwest and west had the highest rate seven point 2% each lie in the group growing population in you down south. People you get population growth. In you know the New England area. In a year media point 1% point 2% even in Massachusetts booming economy appoint 3.4 percent. You go it's right to southern states are grown one world one point 61 point he. Some states over 2% we just heard knowledge to go you see these big growth rates in the midwest while they felt a lot further when markets fell apart to Phoenix market fell a lot worse than the Boston market in the western. Did it is more room to make up here. Two thirds of the market that they measured are at all time highs in realistic big question who's. More rain we leave at mortgage rates pop up to about 40%. It would not be. Unreasonable. To assume that mortgage rates are gonna buy one and what does that do. It's good question so there's. Nobody knows X I ask you the question because you're supposed to happy in half an hour but as you Tucker out of that it does. They they did read and did a survey of about 4000 people that were looking at potentially about zone and about a quarter of them said it rates at 5%. We might not completely change our minds but it would definitely slowed decision making process would have to take good hard look at Michael around town further talker I eat as you bite you in the light might be looking at houses and you say Springfield. A bit. But that's what happens at all migration a purse right. You look at a town you know what when we moved here a million years ago from New York venture I would love to have lived in Needham Wellesley couldn't afford it. Artsy went out we we went out to two down dip in order to be able to afford a house and that's what people do. Read. You may have grown up what where'd you grow paying them Marcia Marcia so big you are in March field you may never be able to afford market you may have to go out to talents and her defiance of death that's just the way it works there exactly and and that's of people I think. It in until mortgage rates have a six in front of them. I don't know prop eight I went right the thirty years ago when I moved to Boston first mortgage ahead nine and a half percent. While nine and a half percent was my mortgage. Yeah but you know you're not these guys can play in about four and a half here and you're not the biggest buyer in the market that indicates I'm on your down today you know the big mortgage buyers it's people my age. Who have never seen it's that. They can't even imagine rates that movie line you know McClain my violent I was for it I'm pretty sure when my father was slight. House hunting or sometimes the unit ups selling his house and the more to return of 11% and when I. I remember back crazy early eighties talker. Yeah you know like 8586. European 13% mortgage that's insane now in greater than 15% on your CDs. Yeah there is a different and less Ayers completely different. Firm Pratt and Whitney blames a seal as the source of the latest jet engine. Trop problem they sell Pratt and Whitney sells a lot of engines to airports like are cut what kind of soon. Talking about there not the adjective that after that I think it has to step. I mean it. Big big issue here ray I mean you can't have brought you can't have any issues with with year with your engine when they're going to. Big companies like Airbus and Boeing and they've had to completely suspend deliveries. Based on this issue. Stock went down yeah. I you do one thing. You're job history engines and they aren't able to be delivered because you've got issues and it's it's court decreed issues. I'd be I'd be inched deceive you say what my take on it. Well the company claims to have solved the issues. The problems had to start delivery against him and hopefully. The ozone layer may be thinning over Earth's heavily populated areas. Well if I was Chinese and be worried about this. It was India I'd be really ready and return to smog and all that you with the due to their environment very EG China and India. And you Beverly we ran through that list of all the dirty cities are rated truck at Delhi last week or something and a we will talk about any word be joined in the next segment. By Lee Potts from the Wall Street Journal to talk about the ozone layer and what it is doing over major cities in big. Lark highly populated regions that's next from the financial exchange. The financial exchanges lied on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Days as the financial exchange radio network if you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Advanced estate planning has many better. That's including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week Todd let's do a partner go up from Cushing in Dolan post the legal exchange radio show and he educates his listeners by telling them how to protect their assets from high custom nursing homes the state planning has many benefits but if you don't plan accordingly you're sure to miss out. Cushing in Dolan is put together a brand new guide told the top ten reasons to do a state claiming minute you'll find strategies that can help you navigate this complicated process while learning what to do and what not to do when it comes to setting up your life estate call now for your free copy an 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com Cushing and Dolan has been helping families just like yours Thursday for more than thirty years give them a call yet they're free guide and let them help you to you only 668485699. Or download the guide had legal exchange showed dot com. Hi this is Armstrong and I told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering an. 25%. Annual percentage yield this is an online product only and there's no minimum balance required to log on to leader bank dot com and sign up today this rate may change without notice so don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change. Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Promise of tax reform president trump signed the bill just over a month ago and the markets remained strong with plenty of optimism about a repeat performance in 2018 Titus is very are strong and I've got a new guide out this month that breaks down how this new tax bill will affect you especially if your high income earner this new guide we'll break down the changing tax brackets how the bill affects retirement savings as well as what it means to the federal or state tax let my team ST Armstrong advisory group explain these changes and how old that new law affects you call right now be free guide 803934001. That's 803934001. Or download it right now are strong advisory ducked out. Securities operative securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. If you missed any part of today's show not to worry go to financial exchange showed don't come and click the listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. Why wouldn't fall. Heavily populated areas and we're joined by league coach Walsh future talked to us about this. So I guess who. What exactly happened back in the late eighties we signed a big treaty we banned a whole bunch yeah it's I thought the polar realism was. Improving but what what was this recent study. Well. You used the line right there. Is improving. Over Antarctica which is where the country ozone hole. Develops every year that attracted much attention and so many people back in the late eighties. But it turns out of course like many good things about his plan it's more complicated than we thought and as we learn more. We findings and do things to worry about it so. In 87. Montreal protocol was passed. I think at last count to a 197 nations of ratified it and it basically. And the chlorine and Burl mean chemicals. That destroyed. The as a player in the upper atmosphere in the course he has a wire for her mr. mindful. Is basically what keeps. Ultra violet be. Radiation from frying all of this and one of the reasons that Mars is like Clinton's because. There is though the ozone layer in the atmosphere their block his radiation basically paralyzes the surface. Very scary stuff. Game cancer community and payment anyway. As you suggest over the last thirty years or so people been monitoring the ozone hole over Antarctica. Very high altitude. And very slowly more slowly I think it's summit brought. It's starting to heal liaison has restored about 10% that maybe in another hundred years or so it'll be active. In normal however in the latest news is coming out of international group for searchers. Yeah. Here in the US to places like fled China institute. NASA the national Oceanic. I'm mr. administration. And in. That those who world radiation center. And EPA agent or do very. Heavy duty group. Of people date they basically started looking lower. Down in the stratosphere editors that. Part of them. The air's stuck like take five to thirty miles. Above the circus of the year and that's where the action fairness and we now have. More satellites more sensors. And most importantly better statistical methods for. Daisy chaining all the stated together as the chief currency. Put some reliability. He's more subtle transit facilities folks found out what they reported last week. In the internal. Atmosphere. Physics and chemistry which is published by the European Q sciences union reputable group. Is that at the lower altitudes. There seemed to be signs that. Not only is the ozone layer there not recovering. But worse it's continuing to decline at a rate that's actually larger than the recovery that we've been observing. At higher altitudes is this kind of. Worse and worse trouble I don't know why. And I would expect these things to be more localized and can tell is it a lot worse in places and I would expect like Beijing new Dell the you know plays a huge industrial production. And still developing economies or is it pretty widespread. It appears to be pretty widespread because of the nature of the chemistry involved and most importantly this sort of the broad. High altitude win is that the kind of act as a as a mixer tree just sort of bland. He's these chemicals. Though it's it's pretty much across where bunt them to your point though is that. We're there observing this declines continue to lines between. Sixty degrees so. Attitude this six degrees north two which is to say it over in the most heavily populated. Regions of our planet so that basically encompasses. You know practically everything from you know Berlin in the in the north to. Awhile ago when it stars in the about. Can you reasonably tie Andy you know whether changes or other atmosphere changes to these ozone depletion the received. Well you know that's an excellent question and as as Isaiah right now and it just identified its trans so that they don't know but they'd they'd have some guesses and one of the things that might be going on as you suggest is that. As temperatures head start risen. Worldwide over the last a couple of decades. That may have changed the overall. Pattern of wins circulation at altitude which was is kind of change of system. Chemistry. Takes place because these chemicals have to come in contact with each other. Then be exposed to sunlight so that may be a factor. It may also be that there are. Chemicals not regulated currently under the Montreal for the country. And things there's one called died Corel methane for instance wishes. Very commonly used in chief paint stripper and fumbling agents and a other things like that and they don't. Come under the treaties so they're not regulated and when the treaty was packed nobody thought you'd have to worry about these things because. They didn't last long enough atmosphere to get up to work their way up to the very high altitude where. Chlorofluorocarbons. Were busy attacking the ozone layer so. Now it turns up production of these things has increased pretty dramatically in the last couple of years particularly in Asia. Southeast Asia and China told. So it may be that you know these things. Are responsible but the truth is right now nobody has done. Well very very start like we need more sturdy at the very inching really study and sure we'll hear more about me hot from the the Wall Street Journal talked with the ozone layer depletion thank you very much joyously. We. You know if you appear in the northeast beat. Her in the EU occasionally one will rip up the northeast but it doesn't do that type of damage he saw. In Houston and Florida. But I can tell you the people that leave in those cities in the hurricane belt that you go down to Texas or New Orleans a word Puerto Rico Virgin Islands. They were in the they have a genuine concern. And the you know are you gonna happen increase in the number hurricanes now. The debate goes on. For days but the one proof in the putting if you will. Would be with insurance companies or do. You you look it would insurance companies or do they don't want under this now he don't touch the end and that. You know the UNC. Put your money where your mouth right if you think all of that you know the climates not changing your we're not gonna have an increase in in in hurricane. Then you start rate in the insurance if it is as gaelic your you'll make a killing until that first Erica girls around. They went to come back for a talk about Walgreens. Ready taking over AmerisourceBergen. I don't know the answer but. You know what there's a rumor afoot that that is going to occur that's our next topic from the financial exchange radio. The financial exchange is alive on FaceBook so make sure to like your page and watch the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank location bank locally and buyer gold locally it just makes sense of leader banker calling learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. Let's step ahead many believe that the incredible success we saw on the markets last year was fueled by the promise of tax reform president trump signed the bill just over a month ago and the markets remains strong with the. Plenty of optimism about a repeat performance in 2018 Titus is very are strong and I've got a new guide out this month that breaks down how this new tax bill will affect you especially if you're high income earner this new guide we'll break down the changing tax brackets how the bill affects retirement savings as well as what it means to the federal or state tax let my team at the Armstrong advisory group explained these changes and how old that new law affects you call right now be free guide 803934001. At 803934001. Or download it right now that are strong advisory duck cops. Dirty suffered securities America incorporated member finreg SIPC and advisory services are through securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group the securities American companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state advanced estate planning has many benefits including avoiding probate passing your assets along to your family possibly eliminating estate taxes and perhaps most important protection from the nursing home each week let's go off from a Cushing in Dolan post the legal exchange radio show and he educates his listeners by telling them how to protect their assets from the high custom nursing homes the state claiming has many benefits but if you don't plan accordingly your short miss out. 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Dot com for more information are are strong here and I'm joined by estate planning attorney Todd what's key from law firm of Cushing in Dolan. And we're talking about reasons to create an estate plan this one really hits home. How Todd can you provide for special needs child or grandchild. Without placing any benefits. At their currently receiving from places like Medicare. It in jeopardy. You know and it's not even just like Medicare thing your rate special needs children that the biggest issue there is. You might already be receiving some kind of government benefits that Jewish. And and people inherently feel that they have to just inherit their special needs child. Because of their fear of losing the government benefits when they get all this money. And I wanna make it crystal clear out great reason to do estate planning is you have a trusting you to not have to do this inherit your special needs child. You can give them the same amount of money as you can give your other children who serves as the trustee of that truck would have the children's. Who is literally no it's a sibling who better knows the needs of the child that sibling that brother or sister again. So easy use and not turn uncle to you could use a family member who understands and that way you inside your trust your your family trust. Is a special needs share that allows money to be paid out to the special needs child to better their lives. With out jeopardizing their government benefits and that's exactly what you give a special needs child or grandchild that's a terrific reason to create trust and do an estate plan. Call Cushing handle and and receive their guide it's called the top ten reasons to create an estate plan 8668485699. Told free. 8668. Or rate. 5699. If you're so inclined you can download the guide on the website it's legal exchange showed dot com or call told Parikh. 8668485699. Tom strong here. So I'm bringing you the best in business and financial news every day this is the financial exchange radio network. Was it within the last month or two where we saw CDS. Go out and make it very large and aggressive acquisition. Of now attempts to do so well they're still working on our. And I think that deals and go through. I'm less confident but I would I would say more than 5050. Split the stock price would suggest it's yet through and yet. And he if you look at it in a stock price it's risen and that's how you measure whether deals can happen. You lose stock prices close to the purchase price CDS at any. You had that deal. And now it's now to Michael's point it has not closed. But now you have an announcement or a rumor is this is just a rumor and the only source on this is the Wall Street Journal. Suggesting that Walgreens is now gonna buy. AmerisourceBergen. Now the greens is a massive drugstore company yeah I think if thirteen thousand stores. Across the country I mean there are 68 billion dollar company. It is a big boy and that nurtures version is you know not tiny at and nineteen and half billion dollar company that is why would they buy AmerisourceBergen what is it AmerisourceBergen. Does it Walgreens would warn their during the drug distribution. I think that's another way for you the ball greens to really insulate themselves for. What they seem to be coming changes in this health care market just like CVS solid the had to deal they're trying to solidify their customer base and you know have be streamlined group customers they can you know provide their products and services to. AmerisourceBergen stock by the way if you own congratulations. Through the roof to 30% today. So we're very big move here at the concern is what are the what is the Amazon Burke sheer JPMorgan battled. Conglomerate going view here babies who renounce last week they're going to be getting a lot more involved in the health care industry but nobody knows what that looks. So I think all of these companies are cern hunkered down this deal isn't quite nearly as large as the combined CBS at camp mine CBS ad companies going to be 115160. Billion dollar company. But nonetheless a very big announcement and are not announcement rumor and I'm not terribly surprising kind of waiting to see what laundry was your reaction to this. Two things you should know is Walgreens already owned about 26%. Of AmerisourceBergen. It and they're their duties customer. The Walgreen Torre's does a lot of business with arson expert. Big batteries are taking a bite out of the power market now are you know how electricity. Works but there are things called. Peaking power plants. In in the northeast when we use a lot of power would be in the dead of the winter ever on Christmas when whose. Forbidding Nicole right rear or side and down electricity like crazy remember in August it goes up to a hundred degrees 110 degrees. We sucked a lot of electricity out of agreed. Well what that does is that means yet to go to these peaking power plants and you pay a lot of money. To use to run peaking power plants that cost her work kilowatt hour for peaking pot logged in numbers. The federal government estimates that in new gas fired peaking plant. Could generate electricity for about 87 dollars per megawatt hour that's including the cost. A building the plant in buying the fuel. By comparison. You're now seeing Michael. That these solar companies like excel energy it's a Colorado subsidiary. They ran an open solicitations. Received 87 bids for solar plus battery storage project. At a median price of 36 dollars per megawatt hours so. Again you have to be a math major to understand that 36 is less expensive than 87 per megawatt hour. Yeah you know I think we're finally starting to see these battery technologies improve enough where they can use them in practical applications because firfer a long time and still I think big industrial. Power storage has not been able to be used by these free of subsidies yep this is offers subsidy and say you're talking about you know some big areas out there is known for instance where they say. OK you know in the morning we don't have a whole lot of power demand become 2 PM with a 115 degrees you know we need to really be Poppins electricity out rather than using one of these really expensive. I'm Nat gas power plants we're gonna try out these batteries and see how they work as Arizona's a great example charges there's a lot of mornings where might be. Seventy degrees eighty degrees but there's a lot of afternoons were can be 115 degrees. Dash Davey does it change in temperature. In this it especially in the peaks in the summer months and who is just a knees yeah the end. And that that's where you're gonna seed projects like this crop up you're seeing it now you driver on New England you're seeing these built. You you think about the Mass Pike in all the big. Solar fields that you're seeing those are just once EC wreck you get a plane. Or helicopters fly a lot to seal the solar instantly when I'm excited about is when this starts getting applied to use the residential houses right right now you don't see a whole lot of that where community get that but it went to goes residential be really interest. You know a couple weeks ago we told you about a great new promotion from the leader banked in as their new relationship money market accounts and it's got Maine batters to save your money and grow your earnings with a brand new rate when you open relationship money market account with leader bank. The rate is now one point 5% if you lie for bounced between a 100000 a million dollars. 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It's not surprising where were we should be expecting these worker shortages we should be expecting their four inflation. I think you know I think a lot of the states and have a tough time attracting new workers and I think really the only way you do it is by a wage if you're not if you're not able to bump up that salary pretty significantly. I don't see iron attracted by saying no well digitize the current standard of living van de quality life you can't know that unless you have somebody that you know that are new. And it's I think it's also difficult for people to leave their community and other Brothers and sisters live there. I went to school there their parents and there are so they're reticent to leave but you payment of money. People and here is the thing that I think is probably the biggest provider to that 3% GDP growth the retirement of the next decade. Is zero population yet you make an immigration deal. Did I don't be surprised he didn't immigration deal in all of sudden you free up. 3000005000007. Million workers in you make them legal and taxpayers what you're talking about your GDP numbers and yours hesitation to delete it that'll happen. Give a president who understands. That he needs to do an immigration deal he he understate it is. The industry's that he comes out thing about construction. Hospitality. Right who knows more about immigrant workers and construction and hospitality you may be right now if that happens you know way you're right it could very much free up the labor market. I'll be shocked if you see anything done more than more than. If you see anything other than dot would be buried there surprise I had to Nazi. At being path to citizenship being made for the you know. Going to be here nobody thought he gets taxed them no credit bureau B Andre there's a lot of things that people been bat negates this guy for a long time. And he surprises everybody. Pay up next we're talk about who's buying the Boston Herald. And how much is it gonna cost that's next from the funny to exchange Reagan. To vote on our daily poll question had financial exchange showed dot com while you're there glare of the media player and watch the show while you work. This is the financial exchange radio network. Hi this is very Armstrong last November my firm gave away a guy that outlined the seven signs of an impending market correction those signs included rising interest rates and overvalued equities and as we've seen over the last week those two issues have had a major effect on Wall Street's recent performance is the worst over well time will tell but there's a lot of people who were uneasy about what they're seeing in the markets if you're one of them then let's sit down and review your investment strategy if you're working with another advisor that's fine coming in get a second opinion cost you nothing and you might learn something about your portfolio I've been helping my listeners with their financial planning needs for years and I'd like to help you to call today and set up your free consultation at 803934001. That's 803934001. 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Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Com many believe that the incredible success we saw on the markets last year was fueled by the promise of tax reform president trump signed the bill just over a month ago and the markets remained strong with plenty of optimism about a repeat performance in 2018 Titus is very are strong and I've got a new guide out this month that breaks down how this new tax bill will affect you especially if your high income earner this new guide we'll break down the changing tax brackets how the bill affects retirement savings as well as what it means to the federal or state tax let my team Armstrong advisory group explained these changes and how old that new law affects you call right now be free guide 803934001. That's 803934001. Or download it right now at Armstrong advisory ducked out. Securities operative securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Security suffered through securities America and member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented if Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over knowingly and go to financial exchange showed dot com and search for the station closest to you this is the financial exchange radio network. This segment of the financial exchanges brought you in part by the US Virgin Islands economic development authority. Hurricanes Irma and Maria were devastating but the islands are already well on their way to recovery. If you're looking to start relocate or expand your business the US Virgin Islands is one of the most competitive business locations in the Caribbean. Take advantage of incredible tax incentives that are fully sanctioned by the US government for more information. Visit you asked the guy EDA dot war. Well we've known for awhile that the Boston Herald was suffering. Through some financial difficulty. And is there is now going to be a bankruptcy auction somebody's gonna buy it in somebody's probably gonna buy Tenet. Yep it's obvious to be happening very breeders' junior days so. There is initially just one bid for this thing but few other people solve is gone on setup can turn to pretty good typically suffers you know pretty decent rate. What they're bidding on is EA got to buy the company but you have to pay off obviously all the severance and all the unpaid leave the paid time off that has been accumulating that we've been paying pero. The big cost that you have all these. Former workers have been paid him now twelve months. So that those of some of the big costly base they have three different companies bidding on it gate house is one of the big guys I'd digital first. So here normalcy work guys began I think you might have mrs. conclusion is today. He makes you wonder he would is that Boston herald's website is not as robust as other newspapers might. But maybe that is the direction they're going because I've got to believe that print journalism like these guys read physical paper mill. Never never I have not picked up a physical newspapers. The only time I ever do it has been on my vacation somewhere and Internet access via. Yeah okay so rare right into the hotel has for the New York Times or Wall Street Journal look at my pick that up right readers that I don't have Internet that's that's a rare these days that it's just become completely answer lead in the New York Times CEO has acknowledged. That print journalism. Maybe hasn't ten years out of his ten years I mean I I'm an old guy. And I don't read a physical newspaper. I hate I just. I don't I I read probably dozen papers today but they're all on my computer screen run Michael run you know I think. I think he's got a point there for the New York Times at least that you know they could run another ten years is not like. These days it's not like actually printing those things are some huge cost you don't have younger workers in the news in the different facilities anymore it's all computerized and push him also a line. And you know the the average baby boomers like 65 years old Newton. That's still a pretty big population that a lot of them are still reading using the anniversary of I think a fair number of them are not all of them and I think a fair number of mark. But ten years from now the average Bloomberg. What 75 years old. Yeah I think he makes good point here within the next ten years you can see that really I mean I know my parents don't. By the newspaper com. I think my father a lot buys the Sunday edition and that's pretty much at my dad my dad who's almost eighty. Reads everything digital there in no physical paper. You know the nice thing about it digital news in the font is too small you can increase the size of the day that. It's actually easier chair for an old timer to read a digital zoom manner. Vanity is ill. You know physical newspaper and they may and not to mention in this game fast moving news you know you print paper it is our Ali and it's nearly obsolete by Newt. And so is that online's the real trick that these companies are facing these guys get everybody on line they've got all of the problems they got to convince everybody that. Paying for a new subscription likeness. Makes sense it's logical and yet you don't have a physical paper Friday but you still are receiving something important new anti strategies work out a key phrase there's painful at times charges for the globe. Charges fort. I don't know whether The Herald can charge. Eight bucks a month to get people to pay hikes not a hurled. I think the only tricks and stuff in there like me get you have. Guys that right columnists that are legendary nation nationally renowned columnist rating for the you know like from borders. I think I think the only candidate say how are well yeah. Of course how yeah native people I think people would pay just for how well yeah yeah they definitely would they. But I think these papers need to do is they have the team today you have to get a group of papers to its air campaign for a subscription for access to the seven papers. That's maybe a bit but then if you if you're just a regional paper and news service the Boston market and you know why is Abbas and personal care about a regional paper in Connecticut you don't let the good. Poll question. Don't buy newspaper that's tomorrow and currently do that on tomorrow we have poll question today about whether people. Approve of the trump administration's budget. I do. That medium I'm only one person with some of the numbers yes or poll question today do you approve of trumps a budget plan. 56%. Ever listeners say yes they do Peru and the problems people tell people there's. The conservatives say well you don't want to. Run up these deaths. And and I understand me an idea I appreciate that you have to invest in your country. You have to invest in its infrastructure. And that's what you're talking about doing now what you need to do. Is you have to have this infrastructure program but then simultaneously. You need to do things. About revenue you need to do things about Social Security need to take action as a relates to Medicare I don't know if there's the appetite to do I think that's one of the big things that Regis paved over and going over trounced budget here. We left that this budget proposal includes some 200 billion dollar cuts to Medicare that's nothing one of the one of the biggest Michael stolen from them. One of the most popular programs. One of the most popular programs in the government is talking about a pretty sick and the only product and get things going broke as a I'd get it may have batting or raise taxes and go go ask a 65 year old if they want any changes their Medicare now I've doctored up there program go ask of anyone that you have met that is on the Medicare wants any changes whatsoever to that Medicare. And there's your answer as to the problems these for these. The challenges for Medicare that are being created challenges for Social Security being created. Have been created over the last thirty years right and they didn't image created by thirty they've been Corey did. By the sixty year old in the fifty year old in this seventy Euro is a 30000 vote 650 and seven Euro it would die. In and you guys typically believe they'll use of the largest generation. On the plan to. You guys deals should really use you should be dealing with easings. Years and it's indeed you don't use at you don't vote you know if it also you don't vote. Now we don't know look at the numbers yet if truck were here he'd tell you Aaliyah only 13% of bullet it was voted last is no doubt me just. Yeah as a board statins smoke dope and hope for that I've got to tell us and eating outlook out of those deaths are at a toast is like this famous thing that thing. I've tried. Extraordinary growth in the US shale oil market. Could soon force OPEC to take action I love story I absolutely love this story. You know that I'll take the people should get credit here in these were not terribly popular. In. You know fifteen years ago this all goes back to Dick Cheney. And George Bush everything that you're seeing now in terms of US oil production dates back fifteen years to when they took action then. And now a senior US pretty much keeping the pace that the world is demanding new oil and the amount of your oil demand at least are seeing between eighteen. It's expected that the US can fill all of that with the growth days in jail we become more efficient rent and OPEC's take a look at this insane. They don't know what to do anymore right they try to put us out of business they couldn't do it when they dropped oil down to thirty bucks a barrel by surging that we survived that and soon other saint. What the factory due he's got details can't afford to go to twelve bucks a barrel on it now yeah hey that's as you do that you'll have the overthrow of a lot of government so definitely it's an interesting story but. I US oil production really throwing a curve ball. Towards OPEC. The markets are open the Dow is down 93 points the S&P is down five the NASDAQ down three. Busy day on Wall Street it's always a busy day on Wall Street don't forget to check out our web site participate in our poll do you approve. Of the trump administration's budget yes I do hired he voted. Financial exchange show dot com.
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