Full Show 2-9-18

01:51:29

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This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day your city 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 son. We officially entered correction territory in the markets yesterday with the Dow and S&P off more than 10%. At the close. First time in about two years that we've had a correction the last time was back in February of sixteen. And historically these things happen every eighteen months or so. So it's not really unexpected especially with how called everything had been over the previous eighteen months leading up. Choose this correction near checks out of Peter how talker Silva here today. And Peter obviously we we've got the market talk about but let's start with the big news that happened overnight actually. With this two year budget deal that is in place now. I came out of nowhere and all of a sudden just. Happened. Miracles every once a while happened Washington thank goodness that has got to where we got enough to freak out about. With the stock market would only be freaking out about Washington unable to get basic business of government done now this deal it is a two year deal and it. Results in effectively blowing past the previous spending caps. By about 300 billion dollars over that time here we don't care about deficits anymore it like a mind it appears that the this solution to this deal was well can we cut from here in order pitcher was pretty much. Well we don't really think that we can do anything on the cutting side of being so what are we just give everyone everything they want and see what happens and sure enough they got to deal but pretty much taking that approach. Members of congress are certainly kid's just you know give them free stuff and they stay happy now what's what's interesting on this so you have an additional 300 billion dollars in borrowing. That is going to be happening as a result of the steel so here's how I look at this. You get 300 billion dollars in borrowing it's gonna happen. So what has to buy all of that debt. And that also was happening at the exact same time it's met every investor out they're selling debt because they don't want to hold because of fear of higher interest rates. And so you're sitting there kind of saying. 'cause this can actually in the short term kind of make this this debt sell off worst. And kick rates up a little bit higher here which could spook the market a little bit more so it's all kind of tight together. Yeah and I my tech ball more debt to that for people who were. Porn out of stocks they may be two socks at the singers on the debt the bond market. But you know it's a it's a good tempted to stay common not freak out one thing that I find very interesting about this. 15040 billion dollars of this new spending goes into an emergency war fund. Over the next few years does that mean. I need that to me that's. That's it the great unknown who knows something I don't know about what's coming in the world at sounds a little ominous and scary. It it it doesn't sound good the other place that the money's going to increase military spending by eighty billion this year in 85 billion Dexter beyond even what defense hawks were asking for. Domestic spending up my 63 billion this year and 68 billion following year where there was domestic funds are going. Six billion dollars to fight the open you're an epidemic. Four billion to well I improve veterans' hospitals. Two billion for NIH research that's great news for Boston and knowing and Aaliyah twenty billion for infrastructure improvements. And four billion for programs to make college more affordable so. Yeah you go down the list and and really. It's it pretty much is like they took the approach what we can't figure out a deal by telling people what they can't have so let's just give them an effort. Grossly irresponsible but you know to take the threat of government shut down. Off the table that certainly has some upset. It is it does in in one of the big things that you can say at least one of the biggest issues with the continuing resolutions that we had over the last six months. Is that they wreak Havoc on military planning is military spending can't you know can't have any consistent level you can't play and the drills that you need in order to maintain. Combat readiness and so forth we've seen issues with the military in particular the navy over the last year or so with a couple ship crashed in the South Pacific. So you've had all kinds of things kind of you building this crescendo to the point where finally I think they just said. Look we can't do this anymore we're starting to hurt ourselves with these continuing resolutions in you do get. A rare too weird deal actually in spending typically just get one but hate to for the price of one will take them ask you actually two for the price of more than one based on the price tag it's him and lifted through march 2019 and I would say in all seriousness history tends to show that fully funding. A robust ready to go military tends to promote peace rather than worse so. It's a great thing to see the military feud you know have friends or family members have been answers to these endless deployments from people you know have to go back combat connected Iraq and Afghanistan and elsewhere it would be great to see our men and women in uniform finally getting some of the funding and some support that they really need. Yeah I mean you you got to figure that the there happy as person in Washington after all this is Jim Mattis who's near a finalist and saying thank you for giving the money I've been asking for for the last year. So obviously he's got to be pretty happy about this let's turn our eyes to the stock market yesterday. We saw the Dow closed down over 100. Or 1000 points the S&P was off significantly as well a hundred points. And so you finally entered that correction. Territory in a correction for those of you unfamiliar with the term correction is defined as a 10% drop. From the high of the stock market and so we went for about 2875. On the S&P. We closed yesterday below 2600 so we we officially cleared correction territory. Everyone wants to know how bad is gonna get this the worst. I don't have answers. I'm guessing you don't have managed Peter and know what hat if it in if anyone did have answers they wouldn't be telling everyone. Exactly where the bottom is they'd be trading on and make an awful lot of money for themselves that is absolutely true so number one because of some with comes on CNBC Bloomberg says. Pay the worst is over the worst. Don't believe them half the time they're put in stuff about their just to say you know just to make noise is CNBC needs to booking guest or something like that but. I think it is important kind of examine where we are right now and whether or not there's the potential for this to get us. You look at where we stand today and PE re issues are still elevated beyond historical norms. You do still have interest rates that are rising right now and so there's a case to be made that hey this could get a little bit worse before it gets better. By the same token or on the outside corner rather. You've got an economy that is showing signs of your significant improvement all on the world you you've got wage growth going on. You have companies bringing money back into the US. And so you sit here and say fundamentally I understand that rates have gone up in that has an effect on stocks in the potential for borrowing in the future. But. Do you levers that are kind of moving growth through they may be able to withstand that because one of the things we're anticipating it's your money coming back into the US to pay for stock buybacks in wages and so forth. That money that created by borrowing it's already in existence you don't need to borrow in order to finance that kind of growth so it may be you've gotten to this bottom. It's difficult to tell. But this does bring us to our poll question of the day up currently right now out financial exchange showed dot com is the worst of the market correction over. The two answers are yes no there's no room to a kind of new. Right that fence like I just did for the last five minutes you have to tell us do you think the market correction is over yes or no in this is up right now on financial exchange showed dot com. You can go there and vote is the worst of the correction over not as they're gonna be a little more a little less pay is the worst of it over. Head over right now at a financial exchange O dot com and you can vote right there and we'll check in on that in a little bit. Let's take a break right now and when we come back Adam Johnson from bulls ivory dot com and join us to talk about how you should be playing this correction. And whit what retail investors are doing that's what's coming up right after this break on the financial exchange radio network. Like us on FaceBook and follow us on Twitter packs TSE show you. Breaking business news is always first right here on the financial exchange radio network. 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 the quality 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. At 803934001. Or download it right now at our strong advisory ducked out. Securities are for two 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. 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 go off from Cushing and 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 of in Dolan has put together a brand new guide told the top ten reasons to do a state 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 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com fishing 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 done. Com. Or are strong here and I'm joined by estate planning attorney Todd Lipsky from the law firm Cushing and all we're talking about. Motivation to create in a state plan here's one. How Todd can somebody. Ensure 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 duty do you bring it up Purdue the clients are. I think it's a combination of balls but but once you mention if they don't mention that always think about after death well I know 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 worry 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 a 500000 dollars on a good rate. 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 and they plan. And and we inside the trust we create its shares for the children in we have independent trust me if you will making one decision only. And that is in their sole discretion to make a distribution to the short of the children. 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 plane and keep your assets in the blood line. Avoid having your state go to ex son in laws are ex daughter in law's call Cushing handle an 8668485699. All 3866. Eight Horry 5699. You can download the guide on the web site legal exchange showed dot com. Or call to all free and do it now 8668485699. Security suffered two securities America ain't members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange with Barry and chuck is liable on FaceBook and YouTube every morning beginning at ten days is the financial exchange radio network. This segment of the financial changes brought to you buys the rights of your landlord. Take advantage of zero to fully automatic on line rent collection tool. That is free for landlords with an accountant participating bank and always free for tenants now collection of local banks offering this unique program including. Leader bank and stone bank sign up to have rent payments directly deposited into your account. Call 781641. 8691. Today visits he ran dot net for more information member FDIC. Adam Johnson from bull's eye brief dot com joins us on the line now and Adam thanks for taking the time. Appear. And little green on the street thank goodness that ilk it doesn't. It doesn't mean it's you look this the first time we get rid the first thousand point drop in Dow history on Monday we had the second one yesterday so it's it's it's been a week we can certainly say that. My question to you you know this is typically the kind of market were a lot of retail investors tend to bail do we have any data on whether or not that's happening here. We do it makes me so bad that the so many retail investors getting out there what I think is going to prove it very temporary setback for the market what we're associates. Track all the different flows but don't retail Barnes I mean all of them doesn't hundred. And with a total for the week during that 23 point nine billion dollars that's billion with a B has exited. These retail funds over the past week. And it it just it felt at intensity that people who work. No hard doing what they do everyday. Saving money you know trying to rate badly that they'll saving money they put it to work in the market. And the market rate eight or 10% they get scared out think all the money. And you know once you all the money it's very hard to get back. At a Mike question do you eat you know a lot of our listeners are homeowners and obviously went home prices go down they don't go and and run to the exit and say OK we got to sell this place. Why do investors look at stocks differently F I've tried to figure this out why did they think that it's good to sell the bottom in a stock market correction. It's not that they think it could sell the bottom. Is that unfortunately I like is there an air space because guys like you would be here talking. To turn large right nothing wrong with that bad. I hate to admit it but you know I found myself at the bastard you know what and an investor upper tweet like yours are so. I get bound over time that when I don't look at the screens I do better. I can just focus on quality businesses and metrics that matter. Cash flow. Cash flow yield. Earnings growth. Outlying fail. Were reading the transcript of a company's earnings report seeing what the CEO Ed they're at how to beat analyst. Put questions to that yet well how this yet over you know that you actually learn about that that is an eighteen get comfortable. Owning a business through that I'm very difficult moments like that one. So and a few very good point the Dow currently 24018. As were speaking. February 9 of 2017 it was 2000180. For February 9 of 2016 with 161027. Points we've been through this incredible run up. Why. Do you think it's so hard for people to lose track of where things are now compared to a year ago or two years ago. And you know instead panic about what's happened in the last five every day's. And that is about psychology. And never gonna get to achieve Italy which would rather do but the dignity that the question and you know I. I think you just really be able to step back you know we are person and figure out what you're not go away and you know what you see now moving around Wayne newspapers are throwing headlines. In your face. It bury you get caught up and you know we live and let. There's 24/7 world never shut down there's always an opinion on Twitter there's always somebody saying something. And I think as a result we we kind of getting caught up in the coal. You know Europe. Maelstrom it's like water but it. I mean there. All in you know sometimes about what to do just yeah. Adam let's talk about what's going on underneath all of this because obviously you know that this is. This correction started last Friday but it started on the back of good news not bad news correct. Oh yeah I mean what's happening in the economy is a wonderful. People are working they're spending money. As a result companies are profitable and they're growing earnings by the way that your 51%. So as a result interest rate. Are rising and I have been in Portland. We're gonna get 3% on the failure now very close we gonna get 4% GDP people auto trade you know all the bad as by. Good news. Rate should be going to rate are going up inflation is going up slightly because we at growth in the economy the economy bill Roebuck. It is a sign that celebrate wrote to inquiry wrote it to be long dock. It is not a sign the run away and fear higher rate higher rate regard it as we're growing that the right direction. And how much this you know looking at those higher rates how much of this is simply a response to the fact that this is being in a stock market that is largely been supported by central banks over the last decade. And it appears that you were kind of making a transition away from that support and towards the economy being able to grow on its own. And that's an adjustment for for investors to be able to price things accurately. Yet you just set keyword at a adjustment we're going through a period of adjustment. And they're really two adjustments you're what is as you point out. And welcomed by the way handoff from Central Bank. Do there real economy you know central and by the way the other is the period adjustments a higher rate. But Egypt during that first issue and operatives that the bank the real economy. I'd been critical at have a number at a special. Be perfectly honest especially out picture out of Dallas and now his replacement Kaplan is running these Federal Reserve Bank in ballot. Both could bet that that say they're owned institution. Stuck around to law. The red came in back in 2009 and created paid in the bond market when nobody else would five. But he too many late they did it court work they arguably made the bond market and about market so much bigger than the stock market. It's more meaningful even though you know we don't really. Trade on the retreat doc talk about we. But aren't they needed in 2009 created is where no one else would do that. And that may effectively lighted the banking system with capital. When Becky and it totally locked up so again they they needed to do that. Now Kaplan picture and forgive me agreement so that that's been categorically and I would say and I would argue that. That stage work would probably done six or seven years ago but they stuck around because you know they they don't screw up. And the other central banks around the world that we followed suit. But look at what is happening on the last week we are about yours European Central Bank Mario Truckee. Is is going to. Scale back he'd been threatening to court would scale back on buying for months now it actually doing a we heard from mark RTC. Men who runs the Bank of England. That he too is going to start increasing rate you birdies being that in Canada. You know central banks around the world are taking cues from the saying okay guys. You're right we got through and now there's that period of adjustment that and if you will. And we're all right is wrap our heads around it but at the end of the day it's all very good we're getting back normal the economy Israel but. Not our people are spending money docs are making money as a result and again. This is the time to embrace equities not run away. And we've got just about a minute left here. What looks cheap for you over the rest the year what would what looks attractive. I love the fact that Google traded down when he battery in Google looks back at. Then the other they are being based book that I don't through some struggles right now finding their news feed but are going to be spied I love four down here. In the bid and I mean it's yielding over 6%. There at the ban guard at electric vehicle. I think media is gonna buy Viacom wanna buy C eight beat the CBS board is actually discussing it. I liked the dove on spot keep your short which is temperature did meet. By Bob Iger wants spot news our ports and fox station that's way too cheap like five or six dollars B break. Mean there are a lot to buy right now energy on staying away from even a oil former oil trader at love it. Just because I think oil is up to hide it you know by the way to US is now producing more organs that the radio did incredible. Now it's unbelievable there Adam thank you for the time today we appreciate it. It's it's perfect for as we can just sit back and any kind of enjoy it's nice brick almost. And you do that is Adam Johnson from bull's eye brief dot com I like his list of wicked bargains there at the whole bunch of them. On Truman and and here's the thing is again if you or someone in take a look I pulled up there was the the flows going into and out of funds. From Lipper okay. The week before so last week. Equity inflows were sixteen billion dollars there are people saying hey I like this market and a dominant put sixteen billion dollars in these individual investors. This week. All of a sudden what you like last week at a higher price you no longer like. What changed for you and it's not saying that is market might not go down more but if you were a buyer when the Dow was at 26000. Why did you decide to sell a 24000. And and there's no reason other than psychology because fear overwhelmed. Agreed that you had previously that's all that it is. Quick break here we come back we're going to be talking about Amazon's latest foray what they're getting into. Right here on the financial exchange radio them. 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 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 to 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 are for two securities America incorporated member thinner 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 rent collection product called rent 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 acquired does he ran technology tell them a cold as he ran team at 781 at 6418691. That's 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 hi this is very Armstrong and a speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business day of the tax incentive program offered by the economic development authority that could help save up to 90%. On your federal income tax your win bigs executive director of EDA. This is a program us. Fully approved by congress has been in existence for about 45 years that we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech system where we use of federal foremost with the money CC territory at 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 onto their website its USD. IE DA dot or best US. VI EDA dot org. 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 in illegal 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 in Dolan is put together a brand new guide told the top ten reasons to do a state minute you'll find strategies that can help you navigate this complicated process while learning what to do 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 in 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 to call 8668485699. Or download the guide had legal exchange showed dot 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 estate tax let my team at the 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 at our strong advisory ducked out. 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 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 Wall Street watch a look at the market's performance so far today until Berrian jog right here on the financial exchange radio network. Mike Armstrong joins us now for Wall Street watching my. We had a couple stocks to check in on today first let's take a look at Expedia off 15% how come. He had big big names that to Q4 earnings so Expedia also owns and operates hotels dot com and pot wire those that don't follow that closely. In Q for the south they're selling and marketing cost jump by 16%. So they earned only 84 cents a share which is well short of expectations. Is that combined with the fact this is the first or first full quarter of their new CEO they're old CEO is now running Hooper. Investors little bit spooked by this company down almost twenty bucks. Why is up under armor up about three almost 4% today. You know they've done not a whole lot of news about it my best guess at this point is looking through and watching the Olympics last that they have a very big present. They are work with speed skating team and these gains team. And really design a lot of the uniforms and working very close to them so have a big big media presence right now it's also read in anticipation of there earnings call comes out next week so it that way the earnings call will be more important but so far today stocks move an apple over 4%. Very good thank you Mike. Michael Armstrong with Wall Street watch a wanna head back quickly to our poll question of the day up right now on financial exchange show dot com the poll question. Is the worst of the market correction over Tucker what are bears and bulls feel on the day. Yes so far 58%. Of our listeners think that yes the worst of that market correction is over in 41% are saying no so tight little balance right there right now you know pretty close that's close forty. Once again head over to financial exchange showed dot com if you wanna participate. In our poll question. Of the day. Peter Amazon saying they're gonna launch delivery service that would compete against FedEx and UPS here Amazon sets out to lose money for the benefit consumers we love it but it is it's definitely interesting tend to think about getting into. The delivery businesses Everett this story one of the numbers jumped out of me UPS is gonna have to invest seven billion dollars. In its legacy network. This year just to keep up and you think about the advances in robotics. And logistics software. You know you can count on Amazon to make this a real bargain for consumers and m.'s and shareholders will pay for that but I think it's an exciting. Major upset opportunity for them. You know this reminds me of is about five years you have a longer than that now about eight or nine years ago. You know Amazon realized they had all these extra servers float around they needed for there. Christmas shopping just because they had this surge of activity and they said what do we do with these during the rest of the time they set a we can start renting out this server space. And all of a sudden this company called Amazon Web Services eight WS was born and it's now we know would coast to ten billion dollar unit in Amazon. And it's completely secondary like eBay and start out with the intention of making this something huge just turned out they were. Really good at in they had of the capability in the logistics to do it. I see this being very similar where they say. You know like were were really at a company that is you know were retail company but we've got some planes that we can ships and stuff somewhere and yeah we've got some trucks also. What are we just yet try to take over some of this and do it ourselves all of a sudden they kind of woke up when they and their like. We could we can make pretty good business out of this when it's all said and done. Yeah and certainly greater bust him one of the 37 US cities where you see the Amazon is my kids call on the sketchy quite Amazon via their so creepy okay. What is a big name Ottoman and a and a happy face but you know they clearly are. I feel like you to see him all over the place and you know it was and is clearly learning a lot about. How you make that business work right at the street and doorstep. You know. People you got to look around and they say gee you know that that there really should be an index that tracks every business has disrupted by. You know Amazon because you know how do you keep track written might like airport via that that index called the S&P 500 you know that's that's pretty much who's being disrupted by them. At this point where Amazon roadkill fund. One like that violate that might my question on this you know Amazon got to where they are by leveraging UPS and FedEx. For the last almost twenty years now. You know it's it it's. They're kind of bite the hand that's fed them to this and I get the they're big enough that they can do that now. But you wonder if that leaves a bad to east in anyone's mouth going forward who might consider partnering with Amazon because it's almost like. Okay I'll use you until on big enough and then I'll just put you out of business. Yeah although it reminds me a little bit of you know if you borrow. A hundred dollars from somebody they've got you by the neck. If you borrow a million dollars from somebody you've got them by the neck and I think at this point FedEx or UPS. Most likely need Amazon a whole lot more than Amazon may think it needs FedEx and UPS. Likely true likely true word on behalf of Cushing in dole and advanced estate planning. As many benefits including avoiding probate passing your assets along to your family possibly eliminating state taxes and perhaps most importantly. Protection from the nursing home. Each week Todd what ski. A partner with the law firm of Cushing and Dolan host the legal exchange radio show any educates his listeners by telling them how to protect their assets from the high cost of nursing homes estate planning has many benefits. But if you don't plan accordingly. You're sure to miss out. Cushing and Dolan has put together a brand new guide called the top ten reasons to do estate planning. In it 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 you like the state call now for your free copy. 8668. Foray. 5699. That's 8668485699. You can also download it right now. From their website. Legal exchange show dot com cushioned Dolan has been helping families just like yours with their estate planning for more than thirty years should give them a call. Get their free guide in that the help you to. Call 866848. 5699. Or download the guide right now at a legal exchange show. Dot com Peter Wal-Mart in talks to spend billions. For stake in a company called flip car what. But the biggest flip card what do they do foot car with a K. E-commerce company in India and this is I think a Smart move by Wal-Mart got a billion people in India. Hundreds of millions of the moving into the middle class. And we get a Wal-Mart squeezed on once I've by Amazon thrown squeezed by Alibaba and China they're going where there is a great upside opportunity. Won't be easy but this thing to do great money maker for Wal-Mart in in India has kind of lagged China in recent years is being one of those markets that companies companies have tried to tap into discuss the middle class has grown is rapidly. But they do seem to be that next frontiers bars. Okay we're start as he wages coming up there's more people coming into the banking system there. Is this an area where we can get into in wal marts near San. Hey look we might wanna buy it up to 20% of the biggest retailer there it's a sign that they see some growth there and they want to be part of it absolutely. Wal-Mart also. Making a push domestically. Trying to get its vendors is to watch stock more goods in the ten dollar range. Yet this I thought was interesting that you. Can get mark 32 fold greater razor 697. For Wal-Mart fusion five for 1297. About you but I feel like I I overpay for so many things that I will be buying from Wal-Mart in the first place. It's sees some potential backlash on this and you know to alienation of what people come to Wal-Mart fork in him in what way are just that you know if the push his. They're looking for more ten dollar and up prices. It doesn't take too many visits to Wal-Mart dot com where people say I don't collect and seen the kind of Wal-Mart bargains. Every day low price usually open you're saying they might alienate some of those core buyers who have been there for so long. But pushing and into a higher price point and they're comfortable with exactly you know in if I want those premium brands are probably going someplace of them Wal-Mart dot com in the first place so this while I like the move in India I would say to wal mart's secure emitting be wicked cheap that's what you're known for what what I find amazing here Wal-Mart still only makes up three point 6% of all USE commerce sales compared to Amazon at 43 point 5%. Still digesting jet and making the most of its I just find it amazing how Amazon continues to dominate that market so there. And part of it is. But again as we talked about there's two stories earlier they just continue to count it. Things the won't say okay here's a little spaghetti we'll see if that sticks in OK here's a little you know the Catania let's see what's going. They just continued every day you know two days ago was located move Indio and a whole foods delivery today. Yeah we're gonna start delivering to businesses were gonna to. There's something new from them every day. They don't get complacent and that's that's unique in a company of that size Bundy it was on his great company for ten billion dollar after thoughts. Right and if it's it's gotten to that point right now news from LL bean. I don't know if I look at this this is interesting so LOB has announced that they are dropping their unlimited returns policy by the end. People really returned something from LOB. All I've heard many stories about people I'm using this return policy if you really misusing. So yes so like nowhere like something for a winters and send it back let it it didn't work them now let's just say hello being caught on com. You know I I know some people who. You know it went to. Sabres earth. Four hours a second hand stores on them like that oh daylight should it back to LB JR brand new item used being boots which her run for 130 bucks something like that yeah use sent him back to L being. And they get a new pair for free so they spent what. Maybe twenty bucks its neighbors or whatever was interesting so and you're seeing a lot of that so well being here now saying look instead of unlimited returns for life. They're imposing a one year limit then voted on two years but. It's OPEC. What what when they just require an original receipt with the return I mean yeah I guess so but who really keeps track of receipts nowadays I don't give. If you're if it's something where you can return at any point get a brand new one them I would like I'm not gonna keep for cheaper definitely needed yes. If it's an electronic receipt yeah that's one thing but if it's like to print it off one marketer to attract about this even things like there's apps we can take pictures of receipts now dorm on your phone desks apparently you can get innovative about it sure yeah. This on the Albert Belle because a cut this is such a great 300 year old policy and it is. But in my and the old saying this is why we can't have nice things you know because they're bad people out there. Pulled the Tucker trek it seems the thing was in my trick it was in my chart. Was not me I promise you that put somebody I know I I got this friend that I know. Sir Tucker was guy I know Colin Tucker. What's his name rocker but a now. Let's take a break here we come back in a circle back on that airport workers' strike at Logan that was going on the last couple days and also talking about a new building going up in the seaport in Boston that's right after this break on the financial exchange radio network. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to you 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 up from illegal 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 your short miss out in Dolan is put together a brand new guide told the top ten reasons to do a state minute you'll find strategies that can help you navigate this complicated process while learning what to do 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 in Dolan has been helping families just play Georgia Thursday claiming for more than thirty years give them a call at their free guide and let them help YouTube calling 668485699. Or download the guide had legal exchange 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 in. 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 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. What high net worth individuals one of the biggest things that changes are some of the rules about gifting as well as higher rate it 41 K contributions how much do people put into a 41 K plan. Yes so back in 2017 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 that you could put in there. Totaling 24500. However on the higher race side nothing's changing you can still put in 5500. In that IRA and adamant did not go out so it's really about the employer sponsored plans. For this one a 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 so you know 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 that'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 on line. 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 pads 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. Folks be tuned in earlier with the Dow was up 300 points you'll be. Somewhat surprised to learn that the Dow is now all a 160. Points as we speak walks. And in this continues look just about every day this week we've seen these head fakes where you know the market on on. You know Monday kind of was trading you know a couple hundred points down in the closed down 12100. On Tuesday we opened in negative territory than nearly 500 points yesterday we opened in positive territory than some 2000. This market has been hit speaking every single morning this week and it continues to. I continue to say the most important hour of trading. It is not the first hour of trading and today it is the last one because that tells you how people feel about their ability to hold positions in the next day. In where they think they are going to be moving. When things come up you know open again in the broad markets this is again it's. Give this is a market where you can find buying opportunities. But be careful and do it gradually. Again if you bought everything let's say you said yesterday okay great. 4% down day in the market I'm gonna throw everything in the market opened due out today it is and get bargains. We feel pretty stupid right now if you could get the same things 2% cheaper so I'm not saying don't invest in this market where I'm saying be deliberate. Be patient and be gradual with what you invest here you don't throw all your dry powder and just as there was one bad day. You do it gradually if you wanna buy in and you'd be careful with what you bind by high quality names find names that you get on sale. Indeed take advantage you don't buy stuff just because it's down that you know he says okay well everything's down who's gonna buy this. Figure out what you wanna own. Set your price targets and act according. That's what you have to do a market and I kind of clinging to the Dow you know it's bad right now but it's up 17% from a year ago 40% from two years ago. You know this is a great time to continue to be a one term com investor I always find it. You get something interesting though Peter so he is the thing so let's say that a year ago. Hewitt said that you could you got a chance to buy the Dow act 24000. Would you take that chance. You're OP was again what would not because it it's. Today. All of a sudden because of how things have moved people say why I don't know about you know things are kinda shaky I'm not sure if I wanna buy one of the most important things that that people often forget. Is that. Prices are relative to where we did. And in so you know you you look at where we stand today in how investors feel about a stock again a year ago. If you told investors hate the Dow albeit 24000 a year from now it was a great sign me up I'll do that. But if you told people yesterday when the Dow was still 255. That the Dow would be at 2.4 thousand. He was at all that's awful. It's all about the time frame that you're looking at and and you just you have to remember that when you're investing is. Look things may feel bad right now but again. If you would look back a year ago and said hey you can you can get a 17% gain in the Dow if you if you buy them. Of Roloson grates on me up for. But it's it the context is so important investing is it's all based on sentiment so. We'll continue to keep you updated as we go as I speak right now the Dow is gone from being a 150 points down to a hundred so. We've we've got some swings that are still go volatility is recognized in Belize red volatility is not gone buckle up this one's gonna stick around for a little while. What's not stick around for a little while as the strike at Logan with these these airport workers about 500 workers. Four couple companies that are largely used by jetBlue. And they states were on strike for two days and now the strike appears to have ended at this point. Yeah and it it looks like probably Massport. Has gotten involved with this and one of the things what are the numbers it is not given out is what the hourly wages for these workers who clean and service plans I don't consider high it is it is shamefully low I would predict and I'm a good capitalist but I I think. When you read about what people are getting paid to people trying to live in Boston and the shock and low wages they get four. Work like this jetBlue combined to cough up a few more bucks an hour in one run. You have a happier staff and happier staff. And clear plains means more business and in they did not. Come to agreement at the end of this strikes are still it is it still the issues that led them to this point are still outstanding right now. Some news out of these seaport district in Boston mass mutual. Putting it 240 million almost a quarter billion dollar office in the seaport district are going to be movement thousand workers around yet incredibly exciting and they're actually closing offices in New Jersey North Carolina Pennsylvania. Tennessee moving jobs back to master NASA's usual that that tells you that they want to tell he absolutely does not cheaper did it to move back here. Yeah yeah well and you know at the scene and the bitter moving. About 15100 jobs at the Springfield which is an incredibly positive shot Leo yes that is just more. Evidence of Massachusetts IOC it's like a BMW economy it's very expensive but it's worth it you got a very high quality product. When you move to Massachusetts the Springfield jobs that you know I look at that and I view that is a hugely positive sign for western Massachusetts because. Yeah you and I both know. That western mass has long been somewhat forgotten by him. You know both politicians by. You just average citizens in the eastern part of the state it's it's kind of you know seen as a different state almost in the eastern half and I think it's great to finally see. Some jobs coming back there 15100 jobs investing fifty million dollars in their campus at Michigan app construction going on. And and I'd love to see. A balanced develop in the state we have between eastern and western parts just because that that western part has been so underserved for so long. And it's great to see these jobs coming back in you've got the the MGM opening up there which presumably later I'll hear. So I look at and I say hey mate maybe you've got you know little bit of movement in Springfield to get things going. Great new Union Station great real servers down to New York City there's that nobody thinks command. I would also note there mass mutual shutting down an infield Connecticut I hate to see it it's sort of the Dan Malloy economic march it's it's. Not good what we're seeing in Connecticut right now all the time that we have for the hour is up. Dow is now back in positive territory so if you've been listening for the last ten minutes you got a nice little. Whirlwind of emotions. Check out of Peter out doctor Silva gets up to be a little bit later on the financial exchange radio network. 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 talk 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 to 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 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 see rent dot net without the need to collect checks mostly in the reduce 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 781 at 6418691. 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. Visits he 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 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 a 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 866848569. I'd 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 can give to five point. For a married couple that number was eleven million these numbers are effectively doubling so instead 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 fork. 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 your trying to pass on. So the federal limit is doubling the five of the six New England states have state estate taxes as well the most restrictive one Massachusetts that number starts to million dollars is guys 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 list 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 knowing 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 heirs and so this guide how tax reform affects high net worth investors 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 are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in 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. 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 we just make sense of leader banker call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and 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 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. Assuming there are better than one that everyone knows that that's where offering to balance from one ticket. You can he added tax and wildcat mountains in the same day Imus. There's just twenty minutes apart in the number one's in Mickey. Q now in the once again WR downhill this winner and added tax and wild cat nap. Cricket dot com for more information 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 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 logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. In new. This is the financial exchange with Barry Armstrong and chokes up and you're exclusive look at business and financial news affecting your day you're sick leave your world and stay informed. And up today about the economic and market trends plus get breaking business news every day it's. And now the financial exchange with the Barry Armstrong and chuck son. Folks we've got a few big stories to cover today obviously we have a government. Budget deal that was passed through yesterday. We have continued selling pressure on stocks and a market that continues to move all over the place orders start by kind of going back to a story. That we've been talking met for the last six months or so it is a trade secret battle between Hoover and Google's self driving car unit William O. And about ten minutes ago. Oversee EO Derek has Rashad he. Announced via a blog post that they have reached a settlement I'm gonna read the postage is is I think that's a pretty important pieces. Inside of it this again is from Hooper CEO Derek has were shoddy. He says my jobs Huber CEOs set a course for the future of the company. Innovating in growing responsibly as well as technology can correct mistakes of the past in doing so I wanna expressed regret. For the actions that have caused me to write this letter he goes on to apologize to. Alphabet in saying that they've betrayed their trust effectively. He what goes on to praise the employees in Coopers advanced technologies group. But here's where the rubber meets the road I think no pun intended. He says there's no question at a self driving technology. Is crucial to the future of transportation future in which you were intends to play an important role. Through that lens the acquisition of auto made good business sense Otto being eight division from a former employee of Wayne though. But the prospect. That a couple of women employees may have inappropriately solicited others to join Otto. In that they may have potentially left with Google files in their possession in retrospect. Raised some hard questions so pretty much catchers I coming out and saying look before I came here. We did some things that we really shouldn't have and he pretty much goes on to say look we need to go in and atone for this. But we are going to continue to move forward with self driving technology. On our own so. These two companies have now settled. Eight the judge has dismissed the rest of the trial at this point. But who were pretty much coming on saying. Yeah like we're not admitting that we did anything wrong but we we did something wrong here and we needed to make up for that so. It puts to end one of the mess you're trials that you've seen in the tech sector really in the last couple decades year end. I think Derek has a shot he took the right approach on this. Well and I think whenever who were finally becomes a public company later this year maybe next year. I do think you're gonna see this is some discount for previously undisclosed corporate misbehavior is just a lot of bad stuff associated with the company in the Travis. Alec era and you know. Misbehavior. In terms of sexual harassment in terms of you know cutting corners and taken and taxis in various jurisdictions and now this which. Free as corporate PR guy right now I gonna say this is about as close as you get to saying you know we screwed up this is bad. Yeah you don't you don't see ones like this too often. And I think that there casual shy he's come in and pretty much said look we need to get rid of all this bad stuff that was going on before because if we if we are going to IPO. We need is clean slate as we can get to an X or schism. And and that's pretty much what he's doing here I mean he's he is trying to clean up all of these skeletons in the closet and saying look bring these all out. Let everyone know exactly what was going on let's make sure we get this cleaned up and let's get this company moving forward. I think it's probably the right approach just because there were so many questions and so many different areas. But again the trial between Google. A rather Wayne Mo and Hoover. Appears to be over. Kind of like the John Flannery plea but it General Electric here's all the bad stuff Geoff well was to win and get an out right now. Exactly let's let's talk about US gunmaker Remington. Filing for bankruptcy protection. Another company loaded up with debt and ruined by greedy private equity guys but Peter tell us what you really think this 950 million dollars for the debt. And this and in run concurrently by cerberus capital management of the classic story of unsustainable debt being piled on a great New England. Terry now based in in Madison North Carolina but have a great American company Kristiansen had the the headwind that Obama's gonna take your guns away that's storyline is gone. It's gone and they've seen declining sales last couple years now and that's the big thing is they borrowed a ton of money saying hey these sales are gonna continue increased. And then they didn't. And that's the big thing that they're dealing with now so Remington likely to file for bankruptcy protection. Exactly the size of the financing and timing of these plans we don't know so it's not something that is happening as we speak but. Likely imminent at some point in the near future. Sprint and T-Mobile coming out and saying hey because we were able to figure out a merger last year. Start raising prices on our customers is not nice of them hate and they. Excuse me most likely will get away with this as you see cellphone industry it's kind of turn into the airline industry got sort of the big four. And much more pricing discipline. You know these days you really to go looking for kind of a track phone order. You know it it's hard to find. Some of the screen in the good deals that we've seen over the years after self answers. It surprises me how much concentration is allowed in this industry you know again you've got four. Companies in in most markets you know there are all around their but in some of the more rural areas you might only have two maybe three options. And I just. I feel that it creates such a lack of choice for consumers that. You can get Chu warned in situations like this where you might not have any other option sprint and T-Mobile might be the only ones that serve your area. An and so I just I look at this and I have long been of the opinion that I don't think you need you know additional regulation to protect consumers I just think. You need someone to come in and say we need to break up some of these companies that are acting PO innate trust bastion. And coming and say look we need to in foursome the anti trust regulations already on the books and in Telecom is a clear area. Where there's you know opportunity here that it's been done before. You know we saw with the baby bells never you know we've we've seen it before with the other breakup of all the different companies a mean. It's not an usual but we haven't seen it like thirty years now another all back to get. BC Comcast command of an interest in Wi-Fi based cellphone service but Comcast being Comcast. They're not really competing aggressively on price it's more you know an amenity in kind of an extra service senior Comcast bundle but the it's definitely an area where. You'll be wonderful news for consumers if somebody comes and trying to disrupt and be the money losing Amazon of wireless oh absolutely you wonder if Amazon like it in that. Ten billion dollar after that maybe that if you know it's just a few billion dollars problems in what happens. Story out of the Wall Street Journal titled economists stick with optimistic US outlook despite market turmoil. Pretty much saying hey you know most economists are saying that this is a blip and it's not affecting the underlying health of the economy in any way shape or form in the depth. Occurred to me that may be what we're seeing is a giant version of buy on the rumor sell on the news and buy on the rumor was really get big tax cuts we're gonna get a major rollback of regulation. And now that it's happened EC you know a lot of the run up in the dal. Being given back of course 123900. Now. We are thank goodness back narrowly in the green territory. For the day it was interesting to me that 59%. Of the economists. Five the US stocks were overvalued. In this survey that. They came out and I would've actually expected. More economist to look at the stock market and say it's just gotten ahead of itself. Yet it almost seems low that the that many thought it was overvalued seem to think that there would be more there and the big thing that you continue to see here. Is. Again this this is sparked what what caused this dip in markets and again this this is. Still largely you know best guest is none of us know for certain. We got a good jobs report on Friday. In immediately you sell bonds sell off and the reason for that is because they said OK there's going to be inflation. And if your bond holder you need to be concerned about that inflation seesaw this bond sell. Or rates go up and so all of a sudden people start sitting there and say NG rates are going up is acting to create drag and slow the economy and if carnage it feeds the cycle. And then you have. In this whole volatility trade that was going on there. And all of a sudden you wake up forties later in the markets down 10% and again it's it's all because of good news to the point where you have to re price different assets because. What you thought was a risk previously what you thought was not a risk inflation you did not think it was a risk all of a sudden became a question mark. And so that is why you're seeing this dip in the market. It's not because the underlying economy is necessarily. Changed in any negative way but it is because people. It's largely because investors are sitting there saying. And that we were valuing the economy has to change because there's a new factor inflation. That we don't necessarily think we had to play for. And clapped classic thing were bad news can be good news and vice Versa and you know inflation you can look at that and say hey that's the a good indicator about people's wages going up this does take us over to our poll question of the day up right now on financial exchange show dot com. Is the worst of the market correction over. Vote right at right now what financial exchange showed dot com is the worst of the market correction over Tucker what got her results are we see in to watch this point. Yeah right now it's 6040. With her listeners saying yes that the worst of the market correction is over. But want to instill any time left financial exchange showed dot com. Head over there and vote right now let's take a break when we come back Jessica walks from the National Association of Realtors gonna join us here to talk about bow. Directors actually want to own homes that's coming up right after this break on the financial exchange radio network the financial exchanges look. I'm on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. This is the financial exchange radio network. Earlier chart here with a message for all business owners that are listening to me right now how do like to save up to 90%. On your corporate taxes is so they'd consider relocating your business to the US Virgin Islands they've got an incredible tax incentive program that numerous businesses have already taken advantage listened to Wayne Bakes executive director of the EDA. Anybody that's involved in the financial markets would it be hedge fund managing managing consulting in the they've done very well it should mean world and entities that are in designated services we have several cost senators are we have several centers are due back office operations and and then we do high value manufacturing where can do manufacturing and and do value added it has large margins and we have entities that do what the boys we've had medical device is a variety of those type of businesses have done very very well. This program is fully sanctioned by the federal government and it will lie your business to expand and grow. Learn more by visiting the EDA at US VI. EDA dot pork. Advanced estate claiming 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 host 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. 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 a 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 blaming for more than thirty years give them a call at their free guide and let them help you to you only 668485699. 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 and they've got another one that is surely worth your time to check out leader bank is offering in. 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 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. Amber FDIC a minimum Alex fees may reduce earnings rates subject to change without notice and may change after an account is opened many believe that the incredible success we saw on the markets last year was fueled by the pro. 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 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 be 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 pretty securities America advisors incorporated Barry Armstrong represented 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 dot com and click the listen. Then click on the mend and catch up on every segment. You'll also find podcasts of all of our poll shows just punch of that listen button had financial exchange show does come. This segment of the financial exchanges. Brought to you in part by the US Virgin Islands. Economic development authority. Hurricanes Irma and Maria were devastating. For the allens are already well on their way to recovery if you want to start relocate or expand your business US Virgin Islands is one of the most competitive business locations. Ian and the Caribbean take advantage of the incredible tax incentives that are fully sanctioned by the US government in for more information. Go to US VI. EDA dot org that's US VI. EDA. Dot org or call 855622. 3634. Joining us on the line right now is just go walks from the National Association of Realtors and Jessica. Thank you for joining us. Just guess that you put together this survey it's called the National Association of Realtors the aspiring homebuyers. Profile what exactly was this designed to measure first oval. They'll be taken a survey kind of brain month a that a lot ear and it actually a balanced Irving were getting all the non owners and homeowners. And we're asking them questions about it malcontent but I at now could and Al. I'm a that we actually compile all the data over the last year over 2017. To really look at those were non owners. So the ones who were non owners how many of them want to buy homes right now. And we actually find that eighty per and as non owners who want him on a home in the future. They believe that homeownership as part of their American dream but it out of reach about right out. One of the biggest reasons for it being out of reach is it supplies that prices of both. No it's both of those things that we XP aspirin and other action Q about their purse not to eat what went on an ally. I'm and we find that some people need the flexibility of friends hang it up soft portability have packed panel felt like Al consideration. Eating meat IE when they get married when they retire when they start Italy that they will buy a home but it really like looking at what else is going on and I like as well. Just I was gonna ask just did do due to historical context for these membership for example 56% of non homeowners say they don't feel like they can afford to buy a home. Does that stack up to five or ten years ago. We don't unfortunately get to the relatively new erase it really have a couple of years here. Now what we are eating is bad act you port number that sticky expert and it's very similar to what we thought you are last year. But we do you you're gonna lack here 2017 got to increase. The weak side and you won 51% pay that they don't think they can afford to buy it on the ballot is EX. I feel like affordability and apparently made a constraint you hear about one break that going up beneath suddenly that helped it take to get into a couple of. Just a what are the biggest reasons people say they want to own a home. Well again like a test flight pile it ain't big but they're and it battled found in the future they think that their financial situation has kind of group made it look at a boat at. Promotion battle pushed Barrick I'd speeding up a little bit of a paperback document. I and the desire to settle that one McKee speaking about eight different but they aren't going to be in the long current president of the short end here in the city. And that is where I wanna be in the or wanna settle out. Looking at I don't know if this the survey goes into this. Do you take any. Examination of the types of homes of people wanna buy say condos verses single family or do you not get into that. And we don't didn't spot in that survey but will we you know from another survey of fixed up while home buyer. Is that single family homes the traditional three that are you back in the Albert. I did very traditional family structure where people typically purchased call out is the available inventory Tokyo. It very difficult than others but there's restricted building mom to be able to out board at Condo Ernie buyer. Just one very interesting number and here's 51% of raptors told you'd expect directed go up this year. 42%. Say they would just resent her release only 25% say they would look for. A cheaper rental certainly for stock investing show those those feel like bullish numbers that people feel like they can take a rank tech. Yeah I mean I think that some people once they're battled and once you unpack all the talk that you really don't wanna move again that you do you expect your plan artist probably at an increased rent on the and I think it's really interesting Q when we look at those numbers and very he would actually I and other roomy but our way to reduce their hot it would probably just. They battled. I think that is an interesting number. Just go we appreciate taking the time have a great weekend to catch up soon. It just a loss from the National Association of Realtors Tucker you forget arena fire your search up for the spring. Yeah I was just gonna say we were poking around last night were stole the motive like adding to our savings for down payments are not quite there yet but just based where we Seymour more listings being posted up discuss springs around the corner it's coming but the listing that I saw. This morning actually in his shoes absurd and it's speaks to how low. I guess it seemed like housing market issues inflated its 700 square foot home good location move in ready. 320000. Dollars for 700 square foot home will now be up in knots. The good news Tucker's mr. Armstrong thinks you're doing an excellent job he's giving you big race of the week. Just yeah hill that's a serial appreciate you giving Tucker that raise unless they do Jeter's yes. There's no spine and our bills go up whenever Peter comes yeah. But what's going on here and is this something funny if obviously it's been a challenging week in the market. But there're couple types of stocks that have been holding up decently Peter yes we so for example great story out of CNBC. Kellogg and Philip Morris going up and that totally makes sense because when Tucker when I'm looking at that expensive real state he told me. As I come home have a big bowl of race Christie's and then I wanna finish enough with the Marlboro reds to come under suck. Keller go up Morris still up today. But I don't you're gonna say that make it the homes are to driven talkers start smoke if they don't like that just like that they know that that's going to two packs a day now it's getting more houses Britain but on the border. But I can't handle the press reported that voice comes front and out. To recent Captain Crunch and a pack of smokes. It it is interesting though that you know it in a market like this there are certain stocks that do tend to hold up well cigarette once again it's you people don't suddenly smokeless because the stock market fell. Well we're a couple weeks ago about Philip Morris and it currently is yielding something like four close to 5% think almost five via and you know essentially you've got to a market where 7% of people say they would love to stop using this product but it's a very our product and give up and you know it's of you can make that case that in good times when people's nerves are getting jangled. You know at the smokes. Let's take a quick look at. Markets just as we head towards the bottom of the hour the S&P is up one point at the moment the Dow was off 56 the NASDAQ is up eight. So mixed bag as far as US markets gold is off about three dollars down to thirteen sixteen and outs. Crude oil back below sixty dollars a barrel and I think that's the first time in twenty team. That we've been back below sixty barrel one of the big reasons for that the dollar has strengthened in this sell off here. By about 3% and so that's probably part of what you're seeing. On this right now. What else we have tenured US treasury is it two point 84% so pretty much holding stable. From yesterday. And aside from that. Too much else lunar we always do a check in on bitcoin it's 84 under right now as it completes its round trip to the moon in the back to zero at some point. So we continue to keep you updated on what's going on there but the big news here this is. Today right now is the tightest trading range that we have had all week. Not at this point we'll see if we can maintain that but it will tell you tight ranges with in a day. Can't give you a sign that you're heading towards stability it's not a sign that everything's over. But if you see a few days back to back where you have a tighter reins it gives you the sense that hey maybe things are finally getting towards the end there. Let's take a break when we come back we're gonna talk about don't condone its plan to get you to buy more coffee and doughnuts. In the afternoon that's coming up right here on the financial exchange radio network. The financial exchanges and live on FaceBook so make sure 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 toward diversifying your portfolio precious metals are marked 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 banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. 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. Quality 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 at the 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 our strong advisory dot com. Securities are for two securities America incorporated member finreg SIPC an 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. 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 a partner go up from in 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 your short of in Dolan is put together a brand new guide told the top ten reasons to do a state 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 call now for your free company and 8668485699. That's 8668485699. You can also download it right now from their website legal exchange showed dot com fishing in Dolan has been helping families just play Georgia Thursday claiming for more than thirty years give them a call at their free guide and let them help you to you only 668485699. Or download the at legal exchange showed dot com. Are better than one that everyone knows that that's where offering to mountains and one. You can add cash and a wildcat mountain illness paint on the email link. They're just twenty minutes aren't and number one's in neat. You now and then once again WR downhill this winner at added tax and cloud cap now. Zoom out and we can't. 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 and Dolan. And we're talking about reasons to create in a state plan this one really hits home. Howell Todd can you provide for special needs child or grandchild. Without placing any benefits that they're 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. He might already be receiving some kind of government benefits 22%. 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 is inherent 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 senator Leno is 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 want. He have a special needs child or grandchild that's a terrific reason to create a trusted due to state plan. Call Cushing and Dolan and receive their guide it's called the top ten reasons to create in a state plan 8668485699. Told free. 8668. Rory. 5699. If you're so inclined you can download the guide on the website it's legal exchange showed dot com or call told free. 8668485699. Armstrong. So I'm bringing you the best in the business and financial news every day this is the financial exchange radio network. Peter you Dunkin' Donuts guys. I'm plus Dunkin' Donuts and then I was five years ago I don't know what. Is missing but it feels like there's a little magic missing from studio what what what direction have you gone in for your your coffee after groomed I Alec has ever wonder of me is pretty much depth. What direction have you gone in four year coffee did you go upstate upscale Starbucks did you go to companies wit word don't you make it home outlet she'd come beast guy and I like to make it home and I do find you know if I'm if I've left the house early for some reason. And we kind of a seminal governor can be guy. And I think the copies at third is expensive and and Duncan is in three times better. Tucker and you've got a gun in the same direction. Yeah I mean I'm trending more towards making coffee and on just does it's we cheaper. If there was economies and by me I would certainly take advantage of that it's only a block any size you want it's it's actually not that. Some you know my wife does home as she got one of those Colbert things about six months ago say oh really yes a pretty much you put it in there late the night before and then you wake up and you don't have to do anything in the morning so it's deep secret much yep pretty much ha. Interest and I mean it's way cheaper to make coffee at home. That does abide every day in some people buy it in the morning and afternoon every day so what. Is Dunkin' Donuts trying to do to get more people in the afternoon Peter well they're talking about adding some things like premium T frozen. Beverage is I think the main thing going and it Duncan I'm pretty amazing when you see there they're looking at opening a net and 1000 new. Stores you know it it's obviously. You know knowing that we give directions Mike Duncan donuts you know. Go to donkeys and bang a left there's so much of their a country where you you go to hundreds of miles of that CNET and it's really the whole you know the south and west the West Coast they've been having a ton in California the last year and now and I think also I'm amazed that southerners haven't caught on ice cap the inning were you know we get our donkeys are based in in the middle blizzards appear no inland and. What a great treat to have eaters it's it's it's it's a Yankee invention that ended the never gonna do that it is they're just it's that they're they're not going to Wear what I find interesting about Duncan. They've never figured out their food for the full day. And it got breakfast sandwiches which are great but. You know they they came out they had you know those flat bread wraps that ya just who aren't good at that tuna was probably the biggest mistake no matter where they think they're tied they're able to figure out the kinda food begets people in in the afternoon is like snack they've acknowledged it to greater rate of all that stuff deadly declared at all opposite of this stuff is working they're drinking a counter space taking up storage space we're not to do. Over the past six months I feel like they're definitely realizing that it wasn't working and you're seeing a trend in the right direction for Don and I feel like abuse to work with a news photographers and about Duncan once again I'll pass on the full body Clinton's. I seriously like to run a salad really. I'm truly public what they can get into from the food perspective that would work because you're Starbucks is that some trouble with this also. You know that that their food's better but that they've it has great success with some of their now they've they've had issues there as well. And it's it with with Duncan one of the biggest problems they don't have a ton of space all locations so you can't do anything too complicated but I just. I feel like that's what's what's missing there like if you're just driving by state G you know if you're driving by a mcdonalds even if you don't like McDonald's that much like myself. If you're hungry you say. When he make nuggets wine are loaded where is you go past Duncan any say what are we gonna get like how many bacon egg she's doing the yes. I mean the thing that they're doing now two and you'll see it in the plan laid out there as. They're having a lot more afternoon promotions in the latest one is actually held a deal. From two to 6 PM you get into an all lot today in a lot dangerously close to four bucks is it really it's a damn good latte to attack it. It's a very good I had it right up there are Starbucks. It's very in Ariel oatmeal raisin cookies is my vote. At the other is good yeah. They're and it was funny semen Duncan and they're pretty good they're specially that you know that's up to 3:45 PM Montes right evil little sugar hit to get through the rest today to go locked in a cookie they go. That's their plan. Among board only let's do it was not a lot and a decaf and then him and you don't do decaf I couldn't do coffee have you tried coffee yet. I just don't like it went when I get tired I slowdown. That's that's what that's what is intended with all of this is when you get a slowdown Blake not boy I gotta keep going into the automatic document. Slowdown most decaf out there what's the point then like yeah it's a study like the taste. Think that you get you if you want the taste you know like I don't know I just. Not for me they don't columns and legs out of for math and that's a the first. Let's let's talk a little bit about Armstrong advisory group I know that. Last November Armstrong advisory group gave away guide that outlined the seven signs of an impending market correction the signs include rising interest rates. And overall 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. Don't tell but there are a lot of people who are an easy about what they are in in the markets if you're one of them. Let's sit down in in review your investment strategy if you're working with another advisor to okay. Home inning get a second opinion it'll cost you nothing and you might learn something about your portfolio. We've been helping listeners with their financial planning for years we'd like to help you to so called today to sit at your free consultation. At 800. 393. We're 001 that's 803934001. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. A review big. Sparkling water fans. I dabble salaam I know people like two or three today summons for boys just water flow. One of those flavored waters with and as a cocktail and it was pretty good or retain actions and a dangerously good what's the Aaliyah who's just a couple of and we talked. You almost don't notice a that's the big ones well Roy is that it out and not quite lack. I don't know how you pronouncing it got a different thing it's like RJ lake and the big one also is puller. Oh polar seller on yeah don't those hugely. So Pepsi yesterday announced they were introducing what they are calling boldly which is a new brand of sparkling water becomes an eight flavors. And it appears that there's a battle brewing in this segment. Bubbly be UB LY and it kind of annoying it's like a you know looks like boo bleak for me. Yeah and if this goofy thing we're the the pulled out the wall of these little things like yellow. And if you so. I submitted gay accent about open up but Smart Smart place to go Tucker is exactly right about that those puller flavored sparkling water to. So really flavors yeah. And yet people ball more more away from soda. And they're going assaults or not doesn't like that carbonated east and this is is there any health problems associated with seltzer and I don't know I'm always slate. Scared off by the the flavoring like how they get that flavor and how late date they claim is no artificial sweeteners or anything like capital Michael how to get the flavor. That's something I'm always cautious about but. Not just water at the end of the day. It was the the carbonation can actually of damaging effects on teeth it looks like. Yours. You know get new ones are. You can also by some mystery machine for your house we go one of those my kids love it you have wanna go get it you put well we've. We am after my daughter got in the habit of bubbly water and after it throughout about the 400. Half empty flat. Polar can I like what you there's going to be a better way there's there's things as they seem to multiply don't think it's it's like. What are you doing like I see this one in the bedroom their call kitchen it. They just end up every character every hour. There everywhere I swear that they multiply their like vices like they just volatile and Ellis and so you get rid of cured makes that soda streamer at analyst note cured tried to make the Q well cold last year okay. And they had trouble with that got on the so mr. McKee number who makes. I don't know someone else owns obviously someone does but I don't know who it is now a story that's starting to gain some traction in the last couple weeks. US oil exports started becoming a major story here particular. How much the US is exporting to China each. Great indicator of the strength of the Chinese economy and I gonna say is Leah flag waving. American I think every barrel of oil that comes from the US instead of from Russia or Saudi Arabia is a barrel while that's less bad for the world. Well and in the other piece that you see on this is dead by exporting oil to China. It helps to reduce the US trade deficit which means that you have a more stable economic situation you don't have to worry quite as much. About the overall balance of payments and so forth so it gives you a little bit more economic stability. Just within your own country as well we're gonna take a quick break here and when we come back we'll be joined by Joshua Brockman from New York Times talking about pay. You were about getting sick when your on that plane flight. The answer we'll get that right after this break on the financial exchange radio network. To vote on our daily poll question had financial exchange showed John come while you're there buyer of the media player and watch the show while you work. This case the financial exchange radio network. 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 he rent dot net without the need to collect checks mostly in the produce 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 to zero and technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped 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. Hi this is Barry Armstrong and I've 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 so log on to leader bank dot com and sign up today is rate may change without notice so 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 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. 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. 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 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 estate 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. It's 803934001. Or download it right now that are strong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services are through 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 two securities America ink members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to view this as the financial exchange radio network. Joining us on the line right now is Joshua Brockman from the New York Times Joshua thank you coming on. Thanks so much. Just were so that the title of your article is should you worry about getting sick from a plane flight the answers may be. Let's talk first about it just the overall cleanliness of planes how much time airlines need. In order to properly clean a plane after a flight and then how much time they get. Sure well airlines typically hire outside companies to perform. The cleaning operate operations there and there's there's three types of cleaning that. That up people need to be aware of there's a quick turn which is the cleaning between flights. Overnight cleaning and then of course deep cleaning which occurs about once a month now. The focus of my article was really on the he's quick turns and cleaners really need about ten to fifteen minutes to do their job. But both current and former cabin cleaners that I interviewed. Said there routinely given about how this time so about six to seven minutes to clean. Josh I would say one thing isn't news reader for many years as he delta jetBlue southwest they wouldn't put somebody on the phone to talk with the about that. So that says to me that they know they are fine disgusting germ can't. Well I did I didn't make an effort to reach airline executive. And airlines for America which was the treatment did did speak with me for the story but you don't. Cleaning an airplane is is. It is it is tough task I mean basically you've got a crew of about five people pretty quick. It's pretty quick turns and unfortunately sometimes there was numbers are you can cut in half so when that happens the cruiser. The operating with a skeleton crew. But to put all this in perspective having. Let's let's take the example of Boeing's 737 that I mentioned in the story one of the most common airplanes and use yen down it has on average more than a 160 seat. So it's a huge operation to get those planes clean. And I am the cabin cleaners that you are up against a lot of obstacles especially when when their time is limited. If if your passenger who is flying let's say you're going away for the weekend there you've got in a school vacation coming up when you're taking the kids down to Disney World or something like that a week. What do you do to try to reduce your chances of getting sick on a flight. Sure will be an infectious disease doctors. That I spoke with including. One from the Centers for Disease Control and Prevention said that there are a number of measures that air travelers can do to protect their health. So first off there's. Just the content of basic hand hygiene. Washing your hands with open water frequently. And of course and an airplane where you can't get up all the time. You know using hands appetizer the content out all. He is is a good solution for that that doctors also stressed the importance of getting vaccinated. For flute for measles and tuberculosis for example of this season. With flu it's especially important as we know there's there's widespread flu activity. And last month in January we we we did have instances to people with measles and blue ridge Chicago O'Hare airport. On the other thing I would say is that doctors really stressed. The idea that traveler should stay at home when their sick and you know one of the doctors I interviewed from Emory university's travel clinic. Pointed out that you know that's really opt in users have been done because. Airlines have created which he called an incredible disincentive. For travelers to change their trap travel plan eat when their stick because of high change fees toes or as a result we have people who are sick you know flying in planes. The other steps I think so could take is basically. One of the one of the sources that I interviewed explained that she routinely uses not Japan's appetizer but medical grade since appetizer. Which he should be able to purchase over the counter. And some people do elect to use. Disinfectant wipes to sort of do their own white out of the area around them. But doctors stated these types of measures like white account can have you know some beneficial. Impact and effect but but not not if you're not getting vaccinated. Are good Joshua thank you very much of the time we appreciated. Are. Absolutely that's Joshua Brockman from the New York Times. My question for you guys who's going to be if every used. A sink in an airplane bathroom there really gave you a good amount of good hot water no never well it's always liked cold. And is like not enough so. That's gross. Not good now I always wipe my battle it whenever I go on a plane I was way down the seats the tray at the armrest everything her way down disinfecting. You still get sick regal plans to light it's a you know what you mean ultimately burial is complaints that you get sick when every flies. I don't like air sick thought they met Ayers now I haven't in awhile now. You would know about it really had problems with that but I take the crushing her steps. Yeah I try to isolate myself as much as possible in a window seat I put my wife between me and anyone else she gets sick before I'd prefer it. Women and children first rights at best a first test has been in America right after Eagles are six women and children first in my in my wrong. This. You know so I just can't do it yourself use the bathroom before the flights that you don't have to get up and go through that whole you know and a charade and everything you know yet this really clean even though there's no way it is hard. But you'd isolate yourself as much as possible on an airport. Just keep telling mrs. out of that you want her in the middle seats if you get out the airplane faster you're sequel BC for the last it is you know I was in my book I and you Dave offer you know she is my buffer. Women and children first I act I kept the only ones who does this I think York. Sales force the the big tech company invested two billion dollars in Canada part of a trend of tech companies heading north of the border. But it looks like this may have something to do with the tone with a tap in terms of immigration. Policies and out of with the some interest that this reform. CNBC. Sales force did not respond to a question about whether. Immigration policies in the US and Canada influence the decision that says to me. They influence the decision play in it sounds like they're they're trying to sales force and other tech companies are trying to get a lot of international talent to come work for them in the US mechanic at the beast is quickly enough. Or at all in some situations in so to rot has become somewhat of a tech hub in Canada anyways I mean obviously is the biggest city. Is is a bigger than Vancouver. It is it has yet but it's hole but pulmonary or something like five million yesterday one out of your city tanner. You know yeah it's not so obviously it's become this hub. And you're seeing real folks from all over whether it's Europe whether it's Asia. Kind of ending up there just because it is this hope for international business. Just kind of right on the border of the United States on the diversity trial is unbelievable you worked on a street no doubt Brazilian restaurant next to a gunmen in next to a Russian and because it's Canada every thanks to each other. On the surface right underneath you know you who knows what's what's lingering. Quick look at markets before we get to the top of the hour the Dow is off 100 in three points at the moment ESP is off five the NASDAQ off the team so we have turned into negative territory. As we head towards the afternoon gold off two dollars right now the ten year US treasury two point 84% stills are holding steady there. Oil it's if we get a handle on oil at the moment I can't find anywhere notes are so we're hearing 05977. So down about two and a quarter percent so little bit of a sell off happening. In oil as well today. That's all the time we have four days four more hours that the market is open make sure that you keep an eye on it being a volatile week but will be back here. Monday on the financial exchange radio network.
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