Full Show 4-10-18

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 you're sick leave 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 saga. Ladies and gentlemen do not remove your restraints because the rollercoaster ride is continuing here. A day after the Dow gave up most of its gains and finished just slightly in positive territory we opened up today with down 300 points in positive territory continue to move upward. And who knows where we Anglican who knows what's gonna happen. Over the next. Six hours notice that the six and half hours that the market is open on and on every day if they don't feels longer than that now because of just that the whipsaw action that you see from start to finish Turks out of John Mooney Tucker Silva. In here today and John interesting stat that I did dug up yesterday that I saw on Twitter yesterday did confirm that it's accurate which is always useful when you go through Twitter. We are currently this year. We're on track for 100 trading sessions with at least a 1% move in the S&P 500. I want to tell the other times that's happened in the last seven years in and tell me if you sent a pattern with the years that I'm giving you here aren't 1974. Bear market and the bear market 2001. Beginning to bear market 2002. Bear market 2008. Big bear market 2009. Bottom of their market we've got five times it's happened in the last seventy years I just read you the years that it happened so if it does indeed happen this year which long way to go in the game we have to keep this pace up effectively for the next eight months now in order for it to happen. But the last five times this is happening in the last seventy years. Hasn't been in in good mark. It hasn't been but let's look at it this way. Once you realize you're in this kind of market in. All the case should you mentioned much except for 2001. It's good time it was a great time to buy the following year was really good Eagles are rolling a couple of years were really good. And I just think that what we're going through right now chuck is. We're going through the pain as we speak. This was set up by a very high priced stock market were all sitting around wondering. You know this doesn't seem right that the market goes up every day in the price seems real high and you'd be a catalyst to correct a market like that and guess what you're textbook correction is 10% and guess what we got we got 10% I mean you could not order something no more predictable than what we've had in the people who are saying how does the end of the world. And this sounds like a pretty typical correction amend. And even let's say that this goes beyond typical correction let's say goes to a typical bear market as we've seen in three of those periods let's say you go to a bear market lets it all of a sudden you wake up you say. T the Dow is now down 21000. We were in bear market territory. Oh okay those of those people say but be careful there's an election coming up this year sell its 171000. They're gonna all be saying see we told you the market was gonna go down to 21000 we got out at 171000. And I look at the market at 21000 nights there and ICG at that point you're talking about a forward PE IM ES and 500 somewhere in the range thirteen and a half yeah. Act that truck up and let's buy some things you know right now chuck we are at a point where there are valued in the stock market. On the personal investor so I'm not inflicted by this at all I'd buy when stuff is cheap by itself when it's really expensive. I've done more buying in the last six weeks but I do in the six months before that its opportunity to market right now is selling. And a pretty reasonable part of the this is the way ma'am markets work and what we're having here is. We need a catalyst to get a correction. In all of this noise. Is sufficient catalyst for sure because all this does is gives people an opportunity. To wash all the crap out that they don't want any network in all of a sudden and you say. Oh gee there's some things that you can buy in debts when you your next wave of market leadership that takes over it is OK now we've got some momentum into new names that are gonna carry us forward. And then it's off to the race and what we worried about we talked about this before we talked about thing. Running ahead of the general market and getting kinda pricey in the back of the mark peek into the of rally in a very narrow way involving a handful of you know over low tech stocks guess what they've collected. I mean this is this is exactly what the doctor ordered in terms of trying to get us to the next leg of this bull market whenever that may be. And you look at some of those names and some of them if you look at a company like apple just with the ridiculous profitability they still have they were pretty cheap right now still. But you look at some of the other companies in that area like. I continue to look at Netflix and I love Netflix I watch a whole bunch and I've been binging and this net for the last five years while Netflix and but and a 130 billion dollars you telling me they're the most valuable media company in the world. And I'll tell you there's only so many eyeballs. And win Disney starts pulling content when fox starts pulling contest CBS all of a sudden look how much you go to pay for the equivalent of a few cable channels at the shoulders. But what's different this time and those those dangers were and compared to the nineties had to adjust that belt a little indigestion somewhere deep down in there but even within the context as you said of know what is the bubble which is thing. I find some reasonably priced hawks FaceBook would all its problems is cheap as the market. I feel cool cool cool cool is not an expensive stuff I don't feel good on FaceBook and it's not because of its not I don't believe in the company. It's only stayed social media company now. That has a model built on advertising. That it has the potential rivals to new forms about the times and I just don't know if that's what you pay market rates for right it's. They're not going out of business they're obscenely profitable. But is that profitability don't continue to grow. I guess I guess the market saying probably not but the markets also saying we're gonna sign this in a market multiple meaning it doesn't have to grow. To justify my point is that the quote bubble stocks are reeling that bubble wishes FaceBook for all of its warts is not over expensive. Google is not overly expensive at all the one that you can make a case are being expenses one island which is Amazon and Netflix. And that but those took those troops and that's what a five it's not that we got to add a two stock bubble that's not a real big bubble of the worst. Let's talk about what was moving markets late yesterday the news broke a little after three maybe 315 or so. Coming out of New York that the FBI. Had read is the author's home and Manhattan hotel room. President trumps attorney Michael Cohen. I don't know where this goes. But I know it's not good for Michael Cole I can tell you that much you don't get. A Warren's to read the office of a lawyer. Without their being some serious beef behind it now it doesn't necessarily mean it's bad for president trump or we don't know that. But Michael Cohen I don't speak is going to be in good place two years from. Is very bad about something we we know that particular good because the yeah. What you have to do to get that award is pretty much deliver you have to have the please real don't advance to even get that. Froehlich trouble point idol that's the other thing the US attorney Brent issued the warrant here was appointed by president trump in the last year's visit. This is not a political thing that is going on this is him saying look Michael Cole when you're doing something you're not supposed to do. So again the vote from stock market perspective this could not a broke at a worst time you know. It was awful it was around 315 I mean that's nice day of gains and there I go into a media come out of the median going. Heck happened here yeah. And all you know is they went into Trump's lawyer's office and we're breaking down doors and get stuff. So that's what the market was a reaction reacting to for the final 45 minutes yesterday. And it went from about a quarter point gain to a about a 3040 point game. In about 45 minutes ironically we're right back to where we work but at about 130 in the afternoon right now because what we've gained back. But you know this is obviously bad news about something is likely related as the as the times reported to the a stormy payment of 130000. Dollars and you know way it's always the money we get some we're probably dealing with something like go wire fraud. Some sort of it's until they get transaction finance this and that who knows what it is the other take. You never know what I watched this turn out to be about something has nothing to do with the president. Yeah it could be something I don't know who Michael Collins other clients are but remember. But it could turn this verdict and all of us went somewhere that you're not you like you have no idea where you wind up in this is exactly work Ken Starr brought us during the administration of Clinton yes where we worried about then you know their version of Russia was the Whitewater land deal which seemed rather shady and probably was pretty shady. Well guess what in the course of investigating that. They started defying that people like Monica Lewinsky in activities going non no no I guess Doug off hand like all this stuff started coming up and it led to. He is impeachment. By the way from a stock market perspective for all of you saying all boy what if there's an impeachment. The stock market to just fine. Rolled belong to death all time record highs because we had a great economy with low unemployment and reasonably priced stocks that actually end up going through the roof. While the president was impeached John you're on on tickled. Take a look at the worst case scenario let's say that the president ends up being impeached because of this. Correct that's a worst case scenario in the environment I don't think it happens anyways but let's let's run a worst case scenario do you stop eating hamburgers don't disease you stopped going to Starbucks do you stop buying diapers from Procter & Gamble because builders stop building is tax reform immediately undone and of these things don't happen correct so. Oh look at this and markets love to freaked out its own when when markets get bad news. It's still the rumor and then you buy the actual news when it happens exactly because it's never is bad is people first beer except when it constantly of the financial crisis which was way worse the people first year. But an eye on things were people's initial reaction is oh this is awful. It's never really that bad it's always the times when you were people say. This isn't that bad that's when you have to be nervous wreck when the market freaks out to begin with. The last couple times apple back in 2016 on Briggs. Overnight futures were plunging what happened European stocks have been the best performing stocks the last two years. Win present trump was elected and overnight you just go down 12100 points and then all of a sudden we have this great when he seventeen. The more familiar to get to wake up in the morning to find out turn around it's good to Alitalia Italy a four hour right US 16100 point swing from futures to the into the close under the so. Again when when markets freaked out. They don't like uncertainty what you had yesterday at 315 was uncertainty. Also people need to understand that these algorithms kick in with cell programs and by programs. Based on certain words and terminal in the news yeah and when the breaking into the president's lawyer's office. He hits these algorithms they sell. And so what happens we had a period of uncertainty work. Who goes what's happening people salt and ask questions later don't get drug dragged into this though because it's a losers game if you're going to be investing based on information likeness. We're gonna take a break when we come back renewed talk about wine markets up so far today. Knew mr. Mineta China about potentially hate defusing this trade war situation that's coming up right after this break on the financial exchange radio network. Like us on FaceBook and follow us on Twitter at TFE show. Breaking business news is always first break here on the financial exchange radio network. State and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you to do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate planning. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trusts by calling 8668485699. Picking him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. 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Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word very to 63566. So your first. Last name and get involved today you're listening to the financial exchange radio network. President G over in China coming out overnight and saying look. This whole trade war that's been brewing here that I'm that try to put it into some of this rhetoric can say hey let's let's ram things down a little too. And I think he definitely did that he went on television and rather then adding to. The trade war speculation he can't a lot of people's fears because they talked about. Giving greater access to China's financial and manufacturing. Sectors. Accelerating access to the insurance sector reducing tariffs on imported autos. I'm like. We Winnick or hers is done. Are you picking up pretty put it down though here's my question or are you buying what he's selling. Yeah that's a good point because we've seen this before and up with with China specifically. Where they say look we wanna get too towards a more market oriented you know society and economy. And maybe they tried for three months almost an eagle right back to what they were doing before so. I look at this and I say. Okay you're you're now lodging at least that you're not doing what you should be and that's step one does that to solving the problems admitting that you have a problem. But step two was he actually have to follow through it in and that's where I have the question is you know talk is cheap. Can you actually move the needle in a meaningful way as far as actually going about creating policies to do you talking about. And that there's questions that. I agree let me take an an optimistic. Take on this though this is a guy who you know is fairly new office whose enormously popular right now. Who if he wanted to could really play the anti American card possibly to his own advantage politically. Who's decided instead for whatever reason to take the high road here and talk about. The fact that there's things that they could do to make life better I I just think the whole year. Is a lot more positive than I expected in a lot of people on Wall Street expected so it. I I know what you're saying and I don't trust these guys. But I like the tone and I liked the fact that the president advances talked about how much he got a long wishy. How much respect he has for him and the fact that it's nothing personal but what the president is saying look we're both new to this game here. A lot of guys have done some bad things before us let's get together and try to get this thing right. Well and in to a certain extent this speech by president G. Puts a little bit of pressure on the US to back down yeah simply because it saying look we're willing to take the high road and if all of a sudden. You have president trump coming out saying look I'm gonna impose another 150 billion dollars in tariffs. Now the US does kind of look like they're playing the bad guy in that situation it. It's yeah it's it almost it's a complete role reversal from previously what we've seen the last two weeks where Tate China has all these things bull. Now it's well hey what they're trying to give you way out are you gonna take but I think it's a very. It's a very pragmatic and and strong move from G to say look. I'm gonna put the pressure on you because if you don't you come to the negotiating table now the whole world sees that but you don't actually wanted to go shoot you know I. I keep going back to the art of the deal because I think that has the clue to what's going on here. And you know in the art of the deal the talk but both sides walking away feeling like they won it. And China has to feel like you're gonna get something out of this the going to get something on this. And the gonna get business on this in the United States needs to feel like it's getting something out of the I feel like the tone is there for both sides to claim victory in negotiations in if that's the case. This is enormously positive do you think two months from now so let's say where's it near June 15 you know right on eve of the start of summer to the were severe for now going. Man that was dumb I can't believe we had to go through all that just to get to this point you know I kind of feel like that's were heading is just you know all this angst and frustration. And at the end we're gonna get through it and say. Well I was much ado about and I think a few months from now we're gonna say that Rizzo yet there are a couple little tariffs that are still there. Do you remember what it was on shocker I can't remember but the a couple of things though there feels like it's Conan and I feel like it's over and we had you know when it ended with the because it never really started but shouldn't there there's not a trade war going on to others if you hit it toward that may never start that it'll be over. Reports starts there's one set of terrorists that's actually in place right now and that's on imports of steel and aluminum for which we don't import a whole lot from China anyway correct so that may be it and if that's it this is going to be much ado about nothing hopefully it as much do not think for both sides. Building contingency plans president trump saying look if if you or a former I realize that you do a lot of business with China particular soybean farmers re he realizes. You know that in through NAFTA. You have a whole lot of pig farmers to do a whole bunch of exporting to Mexico and Canada. Any says look it in the event that we end up in E*Trade war. I'm gonna do something to protect your business and this is a significant thing and you know right in the heart of trump country are a lot of you know good. Farmers who have a lot to lose here and the president was saying you know I understand here you know your great patriots you understand what's at stake. You know China saw the opportunity here where. There's not a whole lot of stuff they buy from us but this is one thing that is very significant. Not just economically but politically. So this is something that hits hard. And again what you did China let us at last week it would Levy penalties on US soybeans and other agricultural products. And I think I got a lot of attention. So this is something again work the other presence thing understand going to be suffering here. But you know you guys are patriots you understand the end game this this is definitely something in his home. US turn into the world's biggest grower of soybeans anyways you know. I don't know because we critics with its 32%. Of the world's soybeans in and I have no idea why can we eat 32% of them. We export a lot most of them Brazil makes a lot of silly Brazil's number 231%. In Argentina's eighteen to between those three countries you've got you coast 80% of all soybeans in the world and in fairness we wanna play this game the right way because we could lose some business to Brazil and other countries. And take a break here we come back to a little bit about UMass Boston and also digging into the wind casino in Everett. Right here on the financial exchange radio network. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Brent take easy grant leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit to receive regularly on the same day every moment tenants pay nothing in the first six months or free throw landlords visit WWW does he rent dot meant to learn more or call 7816418691. And asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are global and irrevocable trusts there are major differences between the two before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family Cushing and Dolan has a free guide out this month on the differences between global and irrevocable trust and you can get it by calling 8668485699. This guide even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free at 8668485699. That's 8668485699. 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Or you can download it right now from our website Armstrong advisory dot com that's Armstrong advisory dot com security suffered through securities America incorporated member SIPC and advisory services are there securities America advisors incorporated Barry Armstrong represented Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and your gold locally to just make sense of leader learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent today we're zero and leader banks all mine rent collection tool he automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW see rent dot meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today you don't Marion jog right here on the financial exchange radio network. This segment of the financial exchanges brought to you by zero into your landlord take advantage of zero enough. Fully automatic on line rent collection tool that is free for landlords with an account at a participating bank. Always free for tenants sign up an average payments directly deposited into your account call 781. 6418691. Today your visit Z Rand dot net for more information. Member FD eyes see. Mike Armstrong is with us now from Wall Street watching Mike let's start off with Verifone. Looks like a big positive news for them how come. Yet Verifone the Alec try to payment company years it certainly struggled since about twice if he now the stock price but. San Francisco partners. Two different Francisco partners is going to be taking them private for 2.5 eight billion dollars to ask. Work out that where. Per share price to 2304 share which is. Over 50% higher than where they closed down Monday and stopped at seven dollars and eighty cents today. About 52% to on this. So good things from Verifone the Tupperware IC today. Is down 11% people to stop eating leftovers. Yeah it'll top where chicken on the chin today stock is down nearly eleven assembly set five dollars 6 cents this morning. They lowered their current quarter earnings and that they're revenue guidance. It is just. Pointing to lower sales than that they're actually being negatively impacted by the tax law. So. Obvious contention not too happy with this this company right now I pitch count over about percent. Good thank you Mike. That is Michael Armstrong with Wall Street one what was less Tupperware party would find him I have been invited to one long time. I can see whether in trouble go on this weekend. Oh my parties Tupperware parties. Right I mean you know. Tucker I don't know many Tupperware party human here's the thing about Tupperware. Is pretty good stuff once you have them. You're so like different replace their like iPad you don't really rate he should replace them you should not plastic so about it. What do you keep that up in the microwave and all know. On it's it's it's something that's buying into its plastic. Throw down after two years are in that one. Plastic that that's not a reason if I don't know statement of fact it's not a reason to do digital worn out to be like yeah that grass is green so it's really hot. What is a book that no they're not correlated addresses growing because it's hot but that doesn't mean. Mr. Great philosopher chuck Zhan. Let's talk a little bit about UMass Boston John here you're UMass Boston ground yeah I know so always gets snubbed. Snubbed for fifty years what makes you feel that they beginning snub so bad because ever respect UMass Boston I went there and like you know. It's never got respect in the hierarchy of the UMass system. You know we've got Amherst we've got Boston we've got Dartmouth you know there's one more lol there's lol yeah it's those which are great hockey team it's those four I think right right. What's the hierarchy of obviously Amherst is first which and it makes everyone better as the go to Amber's right what was the hierarchy for the rest I think now hockey puts double the number two Oca. You know UMass Boston. You know they've got. They've got a beautiful waterfront. It's it's it's a perfect spot in a chance just fantastic and got some new dorms. I was happiest or when I was when I was there. That's the based on third cordial this unites their amazing and you have to enter this lottery. And I mean they're just they're like beautiful oceanfront at house's I remember when would be you built that big 25 story dorm right next the pike yup and in every once in all kids are gonna live in the east and now you look at these UMass Boston won since like unbelievable waterfront property you like. It's like wow this is kinda nice I'm. Wondering if like ticket taker grad like me and I just a couple of courses. To justify getting that deal more of those waterfront places because what my commute to the financial exchange would be so much more pleasant. If I woke up. Looked out the ocean in the harbor you can do remote broadcast on there who want broadcast you can of them you know beautiful Shia view this as if they'll bring you and I do I love but it with US does feel snubbed after the mob I'd deal. Trustees approved plan to approve the UMass Amherst Clinton to buy the Newton campus of mount Ida which as you probably always be closing so. UMass feels like you know why you are buying another. Places when you should be investing in in our place foyer in this seems to be that looked you have this campus in Newton it's gonna be available right it's closer to UMass Boston and is to UMass Amherst and that would have been the natural fit his hate. Maybe this gives us a chance to expand our UMass Boston campus and make it a little bit more BOE beef it up a little bit. And instead you're placing UMass Amherst campus right in the heart of the year that UMass Boston recruits for me maybe they're calling you mass suburban Boston. As opposed to UMass Boston or UMass. Boston west. Yeah I am trying to Haley phrase it yet there's there's a marketing angle that he can go through one that I needed the I need to consult with some folks on it but it seems like it would have been a better fit to partner with UMass Boston as opposed to. UMass Amherst that is so appealing by UMass Boston people clearly feeling under threat via just a little bit there. Folks I do wanna talk a little bit if you are a do it yourself investor I know that I've spoken with many of you who have chosen to manage your own portfolios. And so today I wanna talk to the dude yourself investor because while your portfolios may be riding high. There are some other aspects to your plan. An advisor to help you. Portfolio management is just one piece of the larger pie. In it Armstrong advisory group. We can help you with the state planning intact strategy in succession planning is an important part of the overall process. This month Armstrong advisory group has a new guide out. That specifically talks about how to plan for the future. If you manage your own portfolio. It comes complete with the do it yourself checklist to offer you additional guidance as you reached later years so cold right now to get this free guide. At 80393. 4001. That's 800. 3934001. Or you can download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. John the they've. Win at Boston Harbor as it's called the steps to open in about fourteen months I believe. Right there on the banks of the Mystic River in Everett. There's some charter that. Look the whole company could be up for sale now that Steve when he is gone and there's also chatter that site may be up for sale but the Everett mayor is coming in saying look I'd I'd went along with his deal because of what I knew about Steve Wynn you know I don't know if I want someone else coming in and I may veto. Whoever tries to by the. And it's not just about you know how much you like Steve Wynn or dislike Steve when it's about the promises. That's Steve Wynn right and the Wynn Resorts company may need to Everett and specifically to the mayor. About what they plan to do in terms in this casino project which is going to be massive and I mean it's it's up. Pretty cool project there was a lot of chatter they were looking to expand even beyond the original footprint in that area yeah I mean the plans were pretty amazing but. What the mayor's basically saying here is look. If the companies in such trouble that it it's looking to sell on the road this entire company itself or you know maybe in new. Play your in this project we wanna be an on that and we want to make it very clear is what Carl did humorous thing. Is that we wanna make sure the promises made to us. Our lived up to buy whoever does occupy that casino whoever owns a casino so I think it's a preemptive move and his part to make sure that. Whatever promises were made. Are lived up to what what's amazing here is this is the most expensive private project in the history of Massachusetts. Law its about a year out from completion. And there's all this uncertainty about who's gonna end up oh late. I don't remember something of this scale having this much this this big of a question around it. As it nears completion like that we'll thinks Steve Wynn ironically just sold his last remaining shares he's out in the Wynn Resorts company so. I'm again and the people that cut this deal are no longer. Involved in the company so I think what they're trying to do is make sure that the plans were made. Or lived up to. Nurses at green field at a hospital in Greenfield a base state health community hospital out there. Are preparing to log go on strike we see a lot of nurses strikes in the last couple years seems like certainly have nurses rejected the latest offer from based date Franklin. A the major disagreement here chuck as I understand is not really money. It's about another issue which nurses are very concerned about and patients are very concerned about. And that will be nurse staffing levels from what I understand their very close on the economic issues. At the at the hospital. But there's still major differences about staffing levels one in if you've ever gone there you know anyone who's a nurse. Hours are awful to begin last yup. Your handle all the things doctors don't wanna do which is a lot of stuff through largely the one who's responsible for a lot of patient care it's it's not the doctor who's handling a lot of that a lot of cases. And it's stressful work its high you know high impact work it's it's not something. Where he can just roll out of bed and say OG album gonna go to the hospital day and get beat it's. I got to roll my sleeves and work hard for twelve hour shift yet and so I think what nurses are saying here's a look. We've got too much burnout that's happening because we know that's a high burnout industry begin with. We need a little help so that we can you keep our people around long term and they're pretty much into the hospital look if you pay a little bit more now in terms of hiring additional help. You don't need to work on retraining people down the road because people stick around. And they're so important in the execution of good quality care in their involved in so many aspects of written so many ways in which I don't even think they're adequately compensated. Or even given credit for. And in a situation like this chuck really everybody ends up losing because based data set the higher seventy temporary nurses and I'm surely do fine but you know. I like to have the nurses been there all the time who knows everything is that understands how the systems work. At that particular facility say get seventy temporary nurses working during the strike and lockout. And also from the perspective just economically the strike is expected to cost about one million dollars. And that's number that's a lot of that's a lot of lost revenues so you hope this gets resolved quickly and you hope that the the staffing levels are adequate for everybody involved. Let's take a break when we come back Bruce Kaczur from seeking alpha is gonna join us here to talk about a couple stocks on the financial exchange radio network. Have a question for Berrian jock now you can text us at 63566. And take part in the show at any time. Start your text with keyword and join our exclusive club days as the financial exchange radio network. Hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanted to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this they have a new doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Juries are with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online 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 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 required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 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. I've folks it's very Armstrong in am joined today by estate planning attorney Todd lot ski with your legal exchange quick tip of the day. We're talking today about the differences between revoke Kubel and irrevocable trusts. Todd what is the biggest difference between revolt Kabul and irrevocable trusts probably the most commonly asked question never. Probably. And first all I'm gonna tell you that there's many different kinds of irrevocable trust its not just one mine call and so that's what makes it hard to Germany won the at least try to. Bring it back down to what I think are asking me generally. Irrevocable trust their talking about are these Medicaid income only tourists know the ones are we try to protect assets from the nursing home. So if I was to compared that kind of and your vocal trust with a revoke of trust and there really biggest differences. The irrevocable trust what protector ass as an arsenal the Reebok aboard trust never will so why would somebody user revolt global trusts. Over and durable trucks there are times where people have either enough long term care insurance or what did well or lots of wealth and and their self insured because they can pay their own way through the nursing home so how much money you have to have it if you like we define rich force I don't ask. For 10000059. The estate tax laws as high as they've the exemptions have gone as high as they are let's say you know 34 million dollars or less you're probably still going to be considering in your vocal trust if you're over 860. The estate planning expert at Cushing and Dolan have written a brand new guide that will answer the most common questions you have regarding revolt Kubel and irrevocable trusts. The phone number to receive the guide is 866. 8485699. Its toll free 866848. 5699. You can also download the guide at legal exchange showed dot com or call toll free 8668485699. 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 yeah. This segment of financial exchange brought you in part by W host northern Italian steakhouse. Obvious is nine locations drop in East Coast with five locations the Boston area. Including Braintree the central plaza in opening its first West Coast location in Irvine California this summer. At dol BO she could enjoy seasonal cocktails handmade pastas perfectly cooked or beef steaks. As well as fresh seafood salads expertly prepared using the finest ingredients. Obviously it's all about the guest. Now it's all about stock doc Bruce pacer from seeking alpha joints is Bruce thanks for joining us. Got a letter Bruce AMC entertainment is on your list now I thought people worked go to movies anymore my wrong. Well there and they declining slowly declining amount of people going to movies but what we've found is that the revenues may not the box office as an actor quite strong at last year would near record number for the industry. That part of that I understand is that this move to more of an upscale experience tonight it almost like a coach there waiting for you. To watch the movie on the big screen. Is there paying off is it becoming a better experience that you attracting people. It absolutely has that the theater experience today is much better that was the luxury liners are. I very comfortable and and actually the food and and beverages in theaters are really much much better than it worth it been a very very good experience or the the feeder companies as well and bringing people and it's like profitable. Now with AMC entertainment I noticed the stock is off about half from its year high. I can't imagine it's vastly overpriced because just. You know my knee jerk reaction was well and there aren't as many people go to theater anymore. What do you think about the stock is of value from where it is right now. It we think it's a very good value it is pretty inexpensive they trade at about seven and at times that ash flow and also pays a four point 8% dividend. We think the company is is really a good value here what are the concerns side you mentioned these people maybe not going to Peters has much in. There is some concern about streaming services like. Netflix or Amazon prime. But the movie theaters we we think you're doing quite well from the problem last year was really just felt a lack luster weighed at a movie. Who went to go to Bourne movies. But this year it back to is played a very good movie the blockbuster up black panther has crossed over one point three billion dollars and not annual revenues or in the industry revenues. And even a movie. 409 revenues for the industry and really just a few weeks. That we think the company's future is much better than market giving it credit or are we gonna like it here. You think that's four point 8% dividend to sustainable. We get pretty. Okay good that's good news coverage a stock you want talk about today marathon petroleum. Now we like energy and energy is doing pretty well today and it's been doing pretty well lately. Is this a good way to play energy. Yet yeah part part of Freddie mistake it site mid state petroleum. And misstate just small cap company ya about 350 in market value we think it's a very good way to captured two things one is. Oil and gas companies are very inexpensive now amid State Street where about you know halftime cash flow. And everything is interesting about Mitt state is that it recently emerged from from bankruptcy. And companies that have not come through bankruptcy often have a pain and investors think those are rob is companies have been not batting and are still troubled. But coming out of bankruptcy can be very beneficial and admit state case. It erased about two billion dollar in debt and now the company has been very strong balance sheet with passion that apple that it each other so strong about treat. You also have a new shareholder friendly management team and board of directors. That we like doing a great job of rebuilding the company and Sony about what India a very good strategy going forward. Yellow price earnings ratio of ten point seven that's pretty low is now. Yeah oil and gas companies Kennedy measured a little bit more on cash flow but ten times for eight Ian. See like marathon petroleum and and you'll also like EMC. I made eight petroleum honest and support him at PO and AMP entered and yet remote we like but let's start quite a brisk pace and from must seeking help with thank you very much great thank you. Some interest in picks their chuck absolutely and and I think you know what what's interesting is. You know eat you talked about oats. I wonder a little bit about a company like that troll and company that states unity. It just you worry in this market oil's been so unpredictable the last couple years and I just I. I have questions I guess the only thing I'd say in defense is the risk of overpaying for petroleum company. Or movie theater the risk of over the regular probably worse discounted if you know and in terms of your downside risk there just because the American consumer habits change faster on that account than they do. You know in terms of obviously on on the energy side of things at the big couch. Game plan's got to that are staying at these big. Beautiful coaches you can line and then you know don't have that home I think they act as noted and it's like okay so our big play at the movie theaters is to make you feel more like you're at home. So to stay home or just stay up brand like. I wonder you know why I get the attraction obviously for the studios to that's how they make their money is that they make their money when a family of four goes to spend forty dollars on a move. Right but it's. They also pay some of that to the theater they'll you know. I just wonder if at some point we get to you know it used to be that direct to video was a bad thing. The why it's so bad anymore you know as. I think in the big screens at home get bigger and bigger in the surround sounds get better and better answered as cute and cheaper whatever cheaper exactly it's not a hot trends and instead of going on spending forty dollars he could stay home and spend twenty. All of us that it's a while A this is affordable B I don't have to go anywhere. And and now what a great experience and now with Netflix to caution nothing for the content yeah it's I just I I look at it and say. Look if I am you know Sony Pictures are on Warner Bros. bomb BO coming out the next marvel movie yet great that I can have it in theaters. But at some point. That the that we have in our home becomes better yet. That's the challenge that is all the time we have on this hour of the financial exchange but stick around the way back in just a little bit with more. Coming up right here on the financial exchange radio network. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead if you're doing yourself investor the arms during advisory group offers very specific options to help you with your overall claiming process succession planning sometimes overlooked when you're managing your own money call now for our new guide at the talks specifically about how to plan for the future of your DIY investor the numbers 8039340019803934001. Or downloaded through our web site Armstrong advisory dot com securities are with the securities America incorporated member can Ressa PC advisory services offered through securities America advisors incorporated Barry Armstrong represented a Armstrong advisory group the securities America companies are unaffiliated. and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is Barry Armstrong is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are revoked global and irrevocable trusts there are major differences between the two so before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family in Dolan has a free out this month on the differences between revoke Kabul and irrevocable trust and you can get it by calling 8668485699. This guy even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free guide at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line 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 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 the 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. Visit C Rand dot net or call 7816418691. For more information that 7816418691781640. And if you are you do it yourself investor Michael start first with the case where maybe one spouse handles all the finances. And that's spouse gets sick in retirement and your spouse might not know what to do every we see. It very frequently you know one person it's usually the case in fact that one person is handling most of the finances. It's not always. The husband is always the wife that I hear it varies a lot and the problem you have is that other person is usually not comfortable handling. This entire retirement plan they put together together ends at the end of the day need to have a back. In a lot of cases they may they might not have any idea about some of the terms that are being thrown at them they may not know some of the requirements from year to year. They can be all kinds of things that they don't necessarily understand. And it's all happening during an emotional time as well. Right and don't mean to him make it's in late super easy while you're still working but at that point you know the primary goal is saving once you're you know in retirement perhaps over the age of seventy have a lot more things to worry about from a tax perspective required minimum distributions capital gains. All of these different factors that really come into how you invest as a retiree. Folks the good news or strong advisory group has put together a free guide to these very issues it's titled. The importance of having a backup plan for do it yourself investors and eking get it for free by calling 800. 393. 4001. You can also get it online for free at Armstrong advisory group dot com. And once again that number to call is 803934001. For your free guide the importance of having a backup plan for do it yourself investor. 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 bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value. Leader bank a stay at the head of state and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice in this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trusts by calling 8668485699. Picking him and show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or download it right now from their website legal exchange showed dot com. Time for bank the pays you with liter maximum reward accounts of 1% cash back with a debit purchases and an extra 10% back when you user carted featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and earned annual percentage yield ten dollars mass residents only leaves me reduce earnings rate subject to change without notice member FTSE leader bank. A step ahead hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist you additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. you can download it right now from our website Armstrong advisory dot com. Terry suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. And. This is the financial exchange with Barry Armstrong and shut sun out. 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. And now the financial exchange with Barry Armstrong and sharks done us. Well just another quiet Tuesday here in the market with the Dow up 500 points the NASDAQ up 120 in the S&P up. I don't know 55 and change something like that just a quiet day with 2% volatility in either direction. Which is pretty standard is at this point you know as long as we don't have someone breaking into law offices at 3 o'clock in the afternoon I think you can have an off day. Lawyers man they they root lawyers they've ruined everything yeah they ruin everything checks out and John Moody Tucker Sylvia here. And if you missed the news from earlier this morning. Markets are back in positive territory the Dow was up 487. Points the S&P is up 45 a cracked myself not 5545. And the NASDAQ is couple hundred in seventeen. At the moment largely on the back of the Chinese president coming in saying. Well this trade war I'm not sure really wanna get into that let me give you an out and we'll see if we can work something out about as. Positive news as we could expect very conciliatory. To hone. From mr. Sheehan we expected that you know there could be some some hardball played here that they might matched tough with tough. And you know we heard nothing but positive things which is a pyramid we can work something out so that's very positive from the perspective of the markets. I think very positive from the perspective of these. Back channel negotiations. Actually yielding some positive results. I've never seen the video on line it's it's over YouTube it's these dogs that are on the opposite side this gate. And the gates automated and so it starts sliding back to the dogs are marketed each other their mark in their bark and and then also negate fully opens and the ducks got to look each other just gonna run the other way like what what what they actually have the you know ability to fight each they can say. And not so much has averaged not interest in it feels like that's kind of what we've gone through the last couple weeks where you get just he's. Dogs barking on either side and all of a sudden the gate opens and they go. I'd rather not yet. Mostly the tone I think has taken on a much more positive nature in the last week or so even the president in in coming out with his plans. You know Costa by talking about how much respect he had for she in that and how much he got along with him and enjoyed having an MR awhile ago it got me out of I and then we heard from Larry Kudlow and we heard you know saying that you know. They are totally in favor of free trade all captured half. Thank you Larry. Yeah. Barry would be grateful if you if you were here. Yeah we're hearing good stuff. But echoed those this and they they give me every time. I. Every time it's it's it's absolutely wonderful what's done was put a little bit about would Janet Yellen. Sit yesterday. I heard a number of other economists have started to talk about how the US budget deficit is starting to become a problem. Well let's talk about. What the word problem means when it comes to budget deficit because. We've had deficits before we'll have them again they've been large they've been small. We've got a pretty big ones right now on what makes the deficits that we have today standout is that we are running larger deficits during a time when the economy's good when you shouldn't be running large deficits this is there a problem I mean deficits are made for tough times you you'd you'd you run into deficits to spend money. To try to. Dig you out of holes were right now we've had were ten years almost ten years into an economic recovery in yet we're still talking a pretty massive ongoing deficits and Israel we know. Reason for that I mean the argument for it is that you know maybe we can get 3% 4% growth. Gore way out of that would Janet Yellen is saying and and other economists are saying is that. Tax cuts which is the source of revenue tax revenues we get our money. Beautiful lack of those revenues is creating major. A shortfalls in terms of the enters the budget. So we're looking at ongoing and growing deficits at a time when they should be coming down of the argument against that he has. You have Larry cardinals voice command again Larry. Larry all. Yes thanks Larry Larry would. Would like to. They asked in a dynamic economy if we can grow 3%. We can take care of these issues that that that will create enough new revenues to offset these concerns John what are the terms that you'd hear a lot of thought committee he agrees with one of my my summation. What what are the terms that we hear a lot of economists talk kind of tossed around during times like this. Is the the phrase crowding out when it comes to. Deficit spending what exactly does that mean what are they talked about when they when they discuss the term crowding out. The others there's there's discretionary spending and there's mandatory spending discretionary is what we talk about because that's what we can control that's we can change we can say welcome to spend money. On defense. Whatever maybe he would that that we can track to spend money on education on educate and whatever might be healthcare where we're not to spend money in those aerials but then there's entitlements. Those are promises you've already made and that is large of a larger and larger piece of the budget. And it's really not negotiable so you're stuck with evident to to pay for these obligations. That you promise people what they deserve. After entitled to no pun intended and so what happens is you get a crowding out of other. Expenses that are legitimate seek witness I certainly spend the money on discretionary spending you might say look the cause of these entitlement programs and and because of the interest we have in our debt. All of a sudden hey we've only got so much of that money to go around and on things like. The defense of our country the education of our children these are things that are discretionary. That we'd like to spend money on that in a crowding out situation we don't have the money for so it's important to get your house in order. But there's no way around the fact that we have to deal. With entitlements because of the larger and larger piece of the pie specifically Medicare bids if you all the all the numbers Social Security is a relatively easy fix its. If it requires everyone take a little bit pain but we know we need to do right. I could see anyone with a good solution on Medicare. No one wants to touch it because there is no easy solution and it's a major problem and an end what's. Exacerbating the problem is. We're lucky we're very low interest rate environment that interest of the debt is not costing this much what can we US with thirty years even as you've added debt interest rates are still come down there's been a long term trend down sodas and actually Kostis. But see a problem which is there's not a lot of numbers below two. So you know it it's nice when you're riding that train from 16% down to two. And you get in this nice headwind of lower rates and more advantageous numbers. But the problem is once you get down the tool you start running out of numbers before you get the zero. And then at some point they reversed like it's happening right now. And we're looking at higher interest payments and this is something so you talked about thirty years but it's happening. So here here's my thought on how you deal with this is. If you're the Fed you sit there and you say gee you know what we're gonna pay that ten year. Rated 2%. And we're just gonna we're gonna engage in a program quantitative easing its gonna take that ten year right at 2% we're gonna buy bonds to keep that ten year down. What do you have to get inflation going up. Inflation grows the economy in nominal terms your debt that you previously ran up stays the same in all of a sudden you're paying off that debt. Seventy cents on the dollar when's the last time we saw this. 1945 to 1955 right after World War II US effectively did that keep rates two and a half percent for about ten years. Paid everything documents say were clean and ready to go what does it do yet significant inflation. So it drives costs up for consumers it's not necessarily the best environment for consumers but it squares away the situation. In the long term you don't default in nominal terms don't say Hayward defaulting on this but bondholders. Effectively get seventy cents on the dollar. Yet that would send shivers in financial markets because we we were engaged in in in quantitative easing to the other solution. Well that would be a pretty desperate urgent solution that would create a lot of upheaval in financial markets because in 2008 we did that because it was a crisis. And we did it out of necessity. Even then it was controversial but to do that in good times. Los would send up a pretty powerful message that there was. Problems. I don't know what the other solution news. The other solution as you reduce your spending and get it under control and try to put yourself on a path so what's your other solution is that's not happening we could we've seen that the budget that just came through it's not happening we have. We have one of the highest budget deficits ever not just in nominal terms but in terms like you're talking real percentage wise there's no reason for us to have. A 4% you know deficit here a museum a solution as we say okay. Time to stop playing games with health care. And let's get serious and decide how we're gonna address that you got anymore is he so far there's two seem pretty under. But it's so we we can't keep kicking the ball down the field on health care what you eat we have we have to take care for people. Where bankrupting people the double the number one reach what people go bankrupt just because of health care bills. Acosta out of control the system is deemed to. By generations. If we were gonna have to get serious about it and say okay. If not single Payer what's an alternative because we've tried obamacare which in my opinion was the last call to try to make. Free enterprise health care work and hasn't worked so nauert reports up okay. Are we gonna go back to simply not sure people just living with millions of people not having health care to seven going to. Well maybe we should decouple from. You know your employer to begin with. You know that's that's always good starting point since you are reason we had that was because the wage controls World War II that didn't allow companies to pay more so it looked for ways to game the system and that's how you ended up with health insurance tax your employer I just don't know the answer is because I don't want the government in the health care business I don't know who. How we work around there not being Wal-Mart gonna save us what individual companies will come excellent and I. You may see individual companies and in a joke you know noise levels. So we'll CVS and you may some interesting moves with companies getting into that health care agrees though let's take a quick break when we come back to be joined. Adrian Roberts from the Wall Street Journal talkback car dealerships and the mergers that we've seen in that space that's coming up right here on the financial exchange radio network. The financial exchanges lives on FaceBook and you do want to Berrian jog do just the issues of the day and which ones sales the most. Financial exchange radio network as states and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are vocal and irrevocable trusts there are major differences between the two before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family in Dolan has a free out this month on the differences between Kabul and irrevocable trust and you can get it by calling 8668485699. This even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free night at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Obama called this he ran team at 781 at 6418691. That's 7816418691. Or visit C 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 in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. There is a protester is American corporate members and as a PC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice in this month Cushing in Dolan has put together a free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trusts. By calling 8668485699. Picking him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. We wanna hear through due to a Steward diaries 263566. And let us know what you think about the stories we discuss your due to the financial exchange radio network. Baker and Robert. From the Wall Street Journal joins us now to talk about you mergers that are playing out in the world of car dealerships. Adrian thank you for joining us. So let's talk about the ship that we've seen in the landscape for dealers in the last couple decades it used to be had a small family owned dealership. Maybe they had a few around your region. Put that seems to have been replaced by these conglomerates now that you're just buying them up in just combining them in a massive networks is that right. I and you still I highly fragmented industry paid for either small at dealerships out there. But what's happening now and that kind of started with Warren Buffett tan and sleeper team getting into recount but that's where citing these consolidation. And so. Even the groups that you think would be bigger say we need to get even bigger player can be he went. Can compete with other groups and they're really. Launch new initiatives and going new directions. That you may need to succeed it and live and forward here in the next ten to twenty years. What what types of new initiatives are we talking about them trying to get into. Yes this summer launch there on finance companies but some are watching. Subscription services were basically. You have your choice you pay flat monthly skiing need to take your car. You know if you actually be for the weekend are you need you know do a commuter he'd go to the dealership in which are part is needed. So that's another initiative. Tom is is how the vehicles. And to win their. Elected because offering to charge them so it. The range of staying. What do I didn't mean that they can't make money like they used you on the front and the debate that so that margin. A new and used car is really sure again. How much military. A palca had. How much is the is the margin shrinking on that front end to this point. I mean in reality it. You know there have been losing money content and a hundred fail it's a new car any future cards really planned. They they make money other ways like and I maker will pay them. Time take out you know act and I vehicle them on to. What happens then the customers are coming in and they are saying hey we know how much you paid for this vehicle and we're not paying any more than that. And at dealer because. They want that they want that they'll provoke I paid final balloting for that they're not making much money at all on the front and the. In terms of competition in how the Internet has played into this how much of the factors that when you look at the shifting dealer landscape. Yet huge I mean and first energy eight it offers straight pricing transparency that you can use shop online. And are you going to the dealer is 80 you're not gonna walking blind and they're both customers won't bought components now. You know apparently every coming out pay they have a lot more power now and then also I mean you've heard that Anna is enabling the purchase the bottom line. He's part. Very good well Adrian we appreciate you joining us today thank you very much for the time. Now I think Adrian Roberts from the Wall Street Journal talking about the merger's. Going on in the world party yet it's really are from the make any money it's funny she says that no one walks in without education. But if you do they'll treat you very well. Of course. Warren Buffett set up a fool and his money are welcome everywhere. That's that's like that the I do like that one let's do it a bit of trivia here on the on the financial exchange. And so we are going to be doing. Questions based on the upcoming mid term elections since we are just six months or seven months out from them. At this point right now let's seeds attempted to which when do we want to do here oh here's an announcement like that one okay here's a good one. And so our trivia question today. How many Republican held seats would Democrats need to win in order to capture the US House of Representatives. This fall and if you're the first a listener to text us. At 63566. With the correct answer. You get a fifty dollar gift card to dot Rios with five locations in the Boston area including the newest location in Braintree the South Shore plaza. W.s is open daily for lunch and dinner and on Sundays for brunch dot BO is the perfect place to host next special event. So visit the obvious today in Boston box Borough Winfield Chestnut Hill or the newest location. In Braintree. You can also visit W dot com for menu information special events and reservations once again. How many Republican held seats would Democrats need to win in order to capture. The US House of Representatives. In twenty. Eighteen text is at 63566. With the correct answer. John I saw the story on CNBC and the headline is restaurant sales gain ground in march's consumer tax refunds Roland. What when you gonna tax refund you just say man I'm taking the family had. Applebee's today well you know you you might do that before he stamina by a new car buy into home. It really comes down having a little bit more cash in your pocket a little bit more in your paycheck. And the fact is there is some truth to this job because despite higher than average snowfall which we can all attest to. And lower temperatures and of course not exactly the way that inspired you wanna get out. Have a good time. Fact is its sales in March. Show could show the second highest monthly same store gains of the past two years according to analysts so a lot more people route they're going to restaurants. And they believe that this is directly tied to the fact that people are getting refunds right now this time of the year and also the fact is a little bit more money showing up in the projects. Let's stick with restaurants here are interview. Cracker Barrel fans I know you are. I love the Cracker Barrel I heard and a guy I love the Cracker Barrel is good we used to when I had first graduated from college. We had done a foxwoods on Saturday and we need to grow ever read group in for twenty dollars whatever was and then the morning the next day we had out to a crack Cabrera opening get a little you know. Chicken sausage gravy one little bit there. And you 123 years old and it was like happen. But if you're 53 or 63 it's like I have no view if you're 63 you're going to have and how you eat pretty much like game if you're one of those things it's like. I don't feel so good is it just as it is and it did and that's it that's that's it you're done. But they're they're trying to pull millennial diners in was a new ads I say look don't focus on its focus like the food there. Pretty can relate what you pay what you get a bad. Get as I do care see you guys think because you know their their style has been good ol' boy down home hospitality and on pretentious southern cooking. But that's that's not good enough for millenniums of millennia has these like funny ads to get people to command I would benefit a laudable and it was don't know what the hell Cracker Barrel as a. When you're in the minority I had the thought of millennial just think it's like cheese. But they don't realize that Cracker Barrel cheese crackers broke a company are different things 399 stick trees you see it it's different so I think just some awareness about hate. This is a restaurant not just a block of cheese. I think would be good did you need a funny at lake. Did the only thing colonials hate less than like advertising in general is advertised that tries to target them doesn't understand them right. As they've had they've been advertised to their whole life the cynical about to begin at odds with dollar for every meal goes to some cause you know sets. We're Dick breaking that we're gonna talk about the best air. Lines in the US on the financial exchange radio network. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. It stayed an asset protection claiming can be overwhelming. Where you start honey you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate planning. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together or free guide to help you decide the best plan for you in your family you can receive this free guide the differences between rebel rebel and irrevocable trusts by calling 8668485699. Picking Lehman show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again 8668485699. Or downloaded right now from their website legally exchange showed dot com. celebrating a milestone diversifying your portfolio precious metals are Smart meaningful investment one and 110 ounce silver and gold bullion coins are now available at all bank locations bank locally owned your just makes sense and learn call 8776917900. Or leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank May go down in value a step time for bank you liter maximum accounts of 1% cash back with debit purchases and an extra 10% back when user businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn call 8776917900. Or bank dot com minimum to open annual percentage ten dollars mass residents these may reduce earnings subject to change without member FTSE. Leader bank a step ahead hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanted to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this but they have a new guy doubt that talks specifically about how to plan for the future if you're managing your own portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Terry suffered a securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated I folks it's Barry Armstrong in am joined today by estate planning attorney Todd lots ski with your legal exchange quick tip of the day. We're talking today about the differences between revoke Kubel and irrevocable trusts. Todd what is the biggest difference between. Revolt global and irrevocable trusts probably the most commonly asked question. Probably is that. And first all I'm gonna tell you that there's many different kinds of irrevocable trust its not like just one time angle and so that's what makes it hard to Germany would be at least try to. Bring it back down to what I think are asking me generally. Irrevocable trust their talking about are these Medicaid income only trusts now the ones are we try to protect assets from the nursing home. So if I was to compare that kind of and your vocal trust with a revoke of trust them. The really biggest differences. Irrevocable trusts were protector acids from the national. The Reebok of trust never will so why would somebody user revolt global trust. Over and durable trucks there are times where people have either enough long term care insurance or plot may well or lots of wealth and end their self insured because they can pay their own way through the nursing home so how much money you have to have me you'd be like we define rich force I don't ask for 1000005 nines. What the estate tax laws as high as they've they exemptions have gone as high as they are saying you know 34 million dollars or less you're probably still going to be considering in your vocal trust if you're over 860. The state planning expert at Cushing and Dolan have written a brand new guide. They'll answer the most common questions you have regarding revolt Kubel and irrevocable trusts. The phone number to receive the guide is 8668485699. It's ovary. 8668485699. You can also download the guide. It legal exchange showed dot com or call toll free 8668485699. We have part of the financial exchange in an instant by texting us and 63566. Started to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. So we got beyond that annual report. Woertz. The airline quality ratings what they called a Q war report. And this is a pretty big win as far as measuring the quality of airlines in the United States. In Alaska just barely edging Delta Airlines for the number one spot here. Coming in number three on this list jetBlue Ramey at the top three. The worst three airlines. No surprise on the bottom Spirit Airlines the lake is a price I think of them wants it's a sock I was I was. One team. For. I was going to a bachelor party that's pretty much the only case that I recommend flying Spirit Airlines are now is when you have no money and are going to about and here's what's really sad is they may be to blame for the next generation. Of lousy servers because. They're the ones who appear on us that yes they brought us basic economy the other airlines have all gone to a spear plan. That when you go to get that cheap there ME includes not only know checked baggage but you see it even bring on a bag. Ian you don't go to the seat what's funny is people say that they. They want just the cheapest fare but they don't don't want the cheapest fare because that's that basic economy. It's turned out to be the most important consumer thing going and check real quick just to speak to your natural part of bankers I've been you know I'm in that time zone area outgoing all the natural pars and everything which a violent but Yahoo! in terms of booking airline flights is a goal and that's spear was cheap Islamic wool mill but they charge you for oxygen right to charge for everything it's not going to be the cheapest flights here aren't we need that makes economy fear on the legacies they can give the same thing except on the legacy says so it's really a bad. Here's the interesting thing about spirit. They are the worst airline customer satisfaction. They're the worst in terms of denying people the ability abort because they've overbooked and they attempt at a twelve airlines for arriving on time yeah. They have the fewest lost bags of any airline security now it's probably because they travel with so if you that is very difficult right up to now play us a ceiling but like I just find that interesting when you go through like like their backs probably get where they're going yeah is no way actually aren't brings one. If you look at the other top ones Alaska again coming in as the top Maryland we don't have a whole lot the northeast and flights on here. Just consistent across the board number three for on time arrivals number three for customer satisfaction. Number four for baggage number 64 fewest denied boarding is. Dealt on the other hand comes in very strong for on time arrivals denied boarding is the kind of middle of the road for baggage and customer satisfaction. And I think the story of this survey is that every one is kind of bunched with except for spirit. Which everybody's kind of bunched and I say that because the airlines whose scores declined. Work Alaska. Delta and virgin America in other words the best actually came down a little bit. And everybody else did better American Express jet frontier wind and jetBlue sky west southwest spirit even did better. In the united so what's happening here is everybody's boat has been lifted a little bit. And there were fewer complaints more on time arrivals the overall scenario has gotten better what's interest. And is that in a year where you had. Doctors being beaten up rabbits being killed dogs being killed like everything go wrong that could go wrong for airlines terms PR. Overall customer complaint rate. Actually dropped by 10% for the ya sometimes the Utah isn't there more public's right right right sometimes the YouTube videos that make. Those that get the most attention if you don't always reflect what's really happening in the real world was happening in the real world is. They're doing better. They they are where despite some high profile messed up if if I were running a big multinational firm at this point. The first thing that I would do for any employee who is a and outward facing employee who deals with the public on a regular basis. Training for you know if someone shooting video just. Don't do when he right if if if you notice that someone is shooting video just stop what you're doing immediately. Because owes you anything it's not gonna look good now one way to just stand it got the what are the way. You know if if if you are a a flight attendant and someone of your face runaway. I know you get far on that plane but just turnaround into the bathroom just. Picture the worst thing that could happen. Images don't do it anyway no matter what you just you can't do in a world where video was everywhere now it's it's just the reality. NAFTA I know we've been talking up a lot about China but NAFTA via partners of US the US Mexico and Canada. Trying to agree on a revamp this by early may so within the next three to four week. X we're hearing some hints that there's positive progress being made here. And now we're hearing what you said that a deal could happen by early may according to Mexico. Negotiations are ongoing. And there's a proposal from the United States. It calls for certain vehicle parts to be made in zones where the average wage is at least fifteen dollars an hour. Which excludes Mexico as part of the content calculations so. The proposal would be operational and they said unreachable for Mexico in the short term. But there's feeling here that progress is being made and that we will get a new rework NAFTA deal. How sentiment has changed and some of these tariff and NAFTA concerns it's amazing how quick that if it is is now. Eight changes like daily it's and a in your store bought this two days ago would now like the looks like NAFTA might come together and it looks like terrorists might not really happen folks. If you are a landlord who's looking to find an easier way to collect rent payments. Then you need to hear about leader bank's online rent collection product called easy rent. It is a great service for landlords allowing them to collect tenants rent payments electronically at Z rent dot net. With out the need. To collect any checks most landlords they use local neighborhood banks do their business and now a collection of local banks offering this unique program. Including leader bank and stone bank member FDIC. If you are landlord in your urged and having your bank acquired zero technology don't go zero team it's 781641. 8691. That 7816418691. Watching on CNBC right now and the result is heading to congress today. He's going to be chat with well chatting with is going to be grilled by. You know a whole bunch of angry legislators. Who. I don't think fully understand the technology in a lot of cases to begin with an upbeat I think a lot of them. And like grandstand on issues like this especially once they don't understand. How do you think he's gonna do jump. I think he'll do well because I think the bar's pretty low I don't think people expect much checked in the character from the social network just like parade these people like. I mean look Zuckerberg has a reputation for being a little arrogant. Little loop approach a little bit aloof. You know we used to see him in the hoodie was gonna have a ties even assume believe not. Which will be interesting to see. Really the the bottom line is few lawmakers want to deal with the complexity of the issues we're dealing with here. If it takes a long time to even explain. What the issue is let alone discuss the complexity of how to. Answer some of these issues so. I think that the question you'll be you know Keyon Mark Zuckerberg. Adapt well to an unscripted setting where he's going to be up for the first time and time recently on his home he. You know everything we've seen of Mark Zuckerberg is a very scripted. And very presented. Will he can be on his own dealing with lawmakers ask to be fascinating to watch. Will they disclose more bad news. What's. What's interesting on this is if you look at how we've historically. Implemented. Regulations across. The country. We're not really good at dealing with situations that pop up that our technology related nor the the things that we're good at legislating it's okay. Someone commits fraud great we know how to police that it. Put 'cause our legislators don't often have a good grasp of technology and they're not really good at. Producing effective regulation for you they go way too far and end up cutting off all kinds of things that people should be able to do. Or they simply don't do anything I think in this case it did default to say they're not gonna do anything just as they don't understand it. But there's this tail risk it's kind of looming out there they go just kinda. All over into it to the other side and say look we're just gonna you know. Effectively go back to the dark ages on some of the stuff and I think that's kind of the risk that people worry about with FaceBook. Is what regulation comes down the road nothing happening today but just know what do we go too far and end up back in a place we don't want to be. I I'm not optimistic about this coming out in favor of the consumer and and the reason I know they that is because Sheryl Sandberg the CEO all of has said that. Of FaceBook came out earlier this week and I think kind of gave him a little bit cover she said. If you want privacy. You're gonna need to pay for so what she's saying is if you want a platform. Where you're able to go on there and you know share pictures or your friends and comments. And not pay for it. You're gonna be tracked. And we're gonna get that information in your get a give us some privacy. And if you don't want that you have to pay for I think Sheryl Sandberg was basically saying look I'll be the bad guy here. Leave mark alone I was gonna happen is march to come up with five or six ideas of things that. Give you a little more protection. Make it a little more difficult for someone who's buying that information to resell it. Which is ridiculous. Neil deal the better off but I think that privacy is still to be a major world it if you want privacy don't go on the Internet. Right the Internet is not designed for privacy if designed to share information and so if you don't want something potentially on the public domain. The output on the Internet. But sure Sam Burke's comments didn't make me rethink about whether I really want to pay the price to be on FaceBook because what she's saying is. You know there's a bit into this you either pay us with money or you'll pay a swift giving up your privacy. That really is the choice all this other stuff is something in between to make it's feel good but it comes out and when we look back twenty years from now and again this is the only way into the future. Orbital social media. Net positive or net negative for society. I think we'll look at this something that is it's stripped from us don't matter what it's a monster that's out of control that's a source for good. That we don't know how to utilize. I don't know what the answer is that as a lot of ways which brings the world together. And there's other ways that are absolutely frightening is that we we we lose any concept. Of reality. We think about you know all the probably yeah the airline industries a perfect example the social media Hutu mayor tells you it is worse than ever. When they're better than ever meet eat there there's a real lack of depth and knowledge and perspective and truth. It is social media really stick it in the Internet in general even though there's so much information there. It's the ability to go deep into that information seems to be a challenge for a lot of people it's you know I read this headliner oh I read this article and I know everything about. Well no that's that's not what researchers that's not what you know people are actually doing who study these fields. You have to have that down yet they're dangerous thing was social Mears is slightly united talking at the water cooler and submissive or read a read who's you know X. You've whatever you don't do this yeah what's your source of the turkeys grew two heads and are Smart enough snapple is that what's the source okay I'll like Jim Awad by the way speaking of Turkey's. Have noticed that are just a hole and wild turkeys everywhere right now want to wrote on the highway there I am not it. I see exploding on when I see dead turkeys everywhere yeah I see. But to stop three times the last two days for Turkey crossings now just is like an animal or that they're so big so worried about damaging my card this like some of these out there you there and yes a two big ones and about nursing an urge this size and I saw one the of the day out I laughed so it was I'm going down the street in all of a sudden I see this thing starts running. In a yard next to me right and so it's it's run it's it's going to hold them them to death. They'll tell you all of a sudden. It takes flight. Oh yeah I know these things could fly no I don't either temporarily is that this thing was huge but it didn't get very high but it's kennel bought any talk. The charging at you know it was it was early it was keeping open Mike Hart about thirty miles an hour and a I would I would like your door yeah. But if I was and am like. It is is doing like now they're everywhere yet mating season oh that is though it is now like you say it's not like this war the but their like more active they're like getting out and about as one way or permanent the more active. But yet it does so much Dick carcasses all of a highway there everywhere I've never seen anything like it now. I've never seen anything like it or to take a operate here and when we come back retirement apple now being a 100% powered. Mike clean energy right here on the financial exchange radio and vote on our daily poll question as financial extreme showed dotcom billionaire buyer of the media player and watch the show while you work. This is the financial exchange radio network. Hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. There is effort to securities America incorporated member and as a PC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he 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 required does he ran technology Tillman McCall does he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. State and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are revoked global and irrevocable trusts there are major differences between the two before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family in Dolan has a free guide out this month on the differences between mobile and irrevocable trust and you can get it by calling 8668485699. This guy even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this guy at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. Time for bank the pays you liter maximum accounts can 1% cash back with debit purchases and an extra 10% back when you user carted businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and annual percentage yield ten dollars mass residents only these may reduce earnings subject to change without notice member FTSE leader bank a step ahead whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and 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 on guaranteed by the bank and may go down in value leader back a step ahead. Security suffered through securities America each member finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated it's hard to dial a phone or send an email list to dumb but it's easy to text we've got an excellent up and running when you can tell us what you think right now by texting us and 63566. You skewered Barry and join our exclusive club this is a financial exchange radio network. And our trivia question earlier this show. Perfect dollar obvious gift card night I had with how many Republican held seats would Democrats need to win in order to capture the US House of Representatives. This fall the answers 24. And as the in where they already answered John Tom from North Chelmsford nailed it congratulations he wins a fifty dollar gift card to Dhabi else. Dhabi assists five locations in the Boston area including their newest location in Braintree poster next special but at W those. Visit www. WS dot com from menu information. And reservations. Apple coming out with an announcement yesterday saying that their facilities are now 100% powered. By clean energy of this nine more of its manufacturing partners had pledged to power all of their apple production with clean energy. This increases the number of such supplier commitments to 23. And he talked about things that would make millennial was like your product more. Tim Cook says he's committed to leaving the world better than we found. That make you wanna buy an apple product. It doesn't make me want to but upon someone who's deciding on phone to say oh those support the environment G is now it's a lot of companies today. They'll use things like this in order it's almost a marketing cost for them. You know like we there's no delicate it's good to have wind turbines and things like that but. They've viewed as a marketing cost so when you let them powered down your iPhone. Yeah why not right using less power that was your credit. Yeah I got wind turbines and you can turn it off whenever you want they're good neighbors. And they're gonna leave the world a better place. Despite the iPhone. Despite the good and I like that I was my part over is entering into the duck is like wars that I didn't even know on. The heck is that his life thanks Wall Street Journal the duck was like we're we have occurred but there is no but the dot spike slipped while I mean that's the biggest story. I know it's a subset of the trade wars I get that but this. The doc was like worse. The looks of what this and on up on the what does it talk with spies to Willis is that Tucker yeah you know lot about a bike once in golf in Boston you've got those subway bites the green ones that people that idea. So they they've got these dots that they have to going to. That Douglas ones you can leave them anywhere you don't have to park them in one of those from on the sidewalk. That's why we can't have a nice things. This is why we can't have nice things John's problem I play like tuck rule destroyed them. I never go on docs that have public's. When someone on the bike could fall into the water around. You don't leave a month off their cruise ships that have bikes on the does that sound dangerous really careful. Carefully even walking in the neighborhoods around some of those whose ports they let alone running around the blight that would like. Make me nervous sitting duck if it would make me nervous I just I don't know how to feel but with you or has this has agreed to buy it on the mean and electric company in in what this company it's called jump what they do. Is they let you rent bikes in thirty minute increments. For two dollars. New year or not near doc depending on what you want another talk. This is the is this a millennial thing is the worst I just isn't one of those Bolivia things we told you about a minute doc put their dock split. I wanna go home. Look let's look at the markets is the stories that train wreck it's like wreck right now. Mortgage right now the Dow was up 439. Points. S&P is up 44 nasdaq's up 120 over buying it doc was polite company that has docs make you get what you they don't have docs. There's no docs. And get your free tickets to the Pawtucket Red Sox are playing tonight free admission app for baseball to little toll free doesn't mean it's not fun. We're done for the day here in the financial exchange radio network.
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