Full Show 10-6-17

01:51:29

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

This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about an economic and market trends plus get breaking business news and every day. And now the financial exchange with the Berry Armstrong and chuck Exxon. On the first Friday of every month we received the labor report from the Bureau of Labor Statistics and normally folks. This is critical data. They gives us an indication as to what's going on in the labor market in the United States hi everybody it's Berrian chuck and I say normally shocked because. Well normally it's pretty good data today however. I'd say the data. Is less than helpful just because he got so messed up as a result of the hurt it. Yet this this report. Makes next to no cents it it is it is just a complete mess as far as trying to interpret this. And I think more than anything else what I gleaned from is that this is a data point just need to be thrown out because it it makes literally no sense when you look at what. What's being reported here agreed with I agree with you but I don't think it's just going to be this month they get screwed up I think you're gonna cent had several months that get messed up because. You whit what happened last month folks in September you had one point four million people were almost one point 51 point 47 million people. Who were employee. But could not get to work that's amazing and it did to think that that only people. That many people number could not get to work and where not including Puerto Rico in the statistics or boo doing is looking at Florida. And we're looking at Texas lot of these jobs are service sector jobs such as restaurants and auto mechanics and it's Holland you know if if you're if you're restaurants underwater chances are they're not call union to lesser paying. Yeah it into dig into it intended to show you why this data is completely and reliable we're September. So here's what we see the headline numbers are that there were 33000 jobs lost in the month. But unemployment went down to four point 2%. Despite that case that that 33000 jobs lost that is through what we call the establishment survey it's they send that out to businesses and businesses that your peers in many people hired here's how many people we fired god and you get in that number. They also do a household survey and that's where the unemployment rate comes from that's where that four point two comes from and interestingly enough. Important in that household survey grew by 906000. People. So you have almost a million person divergence here which I have acceded to the war that should impact the labor participation. Which it did here okay what are you free Al PR it ticked up to 63 point 11 I was the last time we sat 63. Last year. Yeah which we got up there for a couple months. I don't believe these numbers okay. Generally I have follow pretty closely there's a great economist at the University of Michigan Justin wolf first. And he subscribes to an 8020 rule when it comes to these two surveys so. You wait the establishment survey about 80% band the household survey about 40% and that's what the net gain actually ends up working out too. If you do it in this case becomes a right around a 155000. Pretty much on the pace that we've been on over our pace what went 76 is the pace has its we've been kind of in that 16175. Range hears that the best news was wage growth I don't believe. Oh I don't know I don't know I I think I don't believe because all the people who are working he has it all in low wage jobs think like the about the people who can't work you take a look at the hiring data from the establishment survey. Leisure and hospitality lost a 1111000. Jobs you'll bursting my ball. BC I was thinking that we're finally going to see wage increases this report that we got today. I'm throwing out completely you don't believe any I'd I'd it's it's not accurately it it just it makes no sense when you look at the how does one survey shows 33000 jobs lost in another show million jobs gains. They get that tells you that you can't really look at anything. I've not disputing that the data is distorted I fully acknowledged that the data is you know inaccurate at best. But I do believe me in maybe it's just the optimist in me. I do believe were finally gonna get wage growth I've been calling for wage growth for a couple of years but now that you have the labor participation rate ticking. I don't believe I don't know that I know like if if I'm gonna throw out the bad stuff like 33000 jobs lost have to throw the good stuff out to attack the need to write this down chuck in iron disagreement I think word see pretty good wage growth over the next twelve months. Trucks sold. Which is okay I've fortunate Graham post it's yet and text based posts that Estes has faced two to bookmark well. Gil think that we can do is eight. You know and yeah see I. But ice here's where I think you're gonna see. Tremendous job would be in the trades and people me like I can tell you that. Down south with the European Louisiana. Texas. Florida Puerto Rico that. They cannot find workers fast enough figure if your alignment for utility company. You'd think they're they're begging. Linemen to go to the the Virgin Islands and Puerto Rico at work and they can go. You could go if you're so you retire from National Grid but your 57 years old and you could go and work in Puerto Rico. For the next five years on there wrought under a ladder system and make a lot of money. They'd have to pay a lot of money to do a distinct in the broad scheme of things. It's still drop the market will say will see. Another thing we learned yesterday was that Netflix is going to be raising. Their prices we have all the details on that. It actually with their doing is the immediately raced for new subscribers. But it theories mine connect to my bills to the saint. Yeah they they did immediately. Raise this foreigners subscribers the the standard plan going up by one dollar to 1099 a month. The premium plan up two dollars to thirteen 99 a month in the basic plan which I don't know how many people use at this point just is doesn't even have HD now is 799 a month mocha. Those price increases are going to be roll out over the next several months to existing customers but new ones are going to be paying higher prices immediately as you mention. I have a money saving tip for you guys. You ready for this happy minor right now. Use you have Amazon right Tucker yes in do you have him YouTube you both Evans and yes yep who know. Now neither one of no. So here's what you do. Is cancel your Netflix account and just watch him aside for that prior watchful. Why would you know he can't do that what we're trying to help you economize here which you're trying to help you save what's the difference from gonna pay for it and you know you're not gonna pay for Netflix cancel what why would I canceled my prices going up. Let's gonna go up and couple months in you don't need to watch it you seal the only a dollar and streaming what I mean I don't need to watch it like if that's the case than what we just not have gala chilies but now you want everything now as a starter what are we just parallel we often learn how to read a book you know it would Julia. Now nobody could have tried undersized we do a radio show that you have to buy books out about trying to understand the slight wind. Why do you have to have multiple strings. While they while at the same reason you have different channels. Now they have different things so much crap humble you that you have both. Yeah and we're canceling an open so the end and this would drive like it's crazy but that's part of the leadership your flat out canceling NAFTA cancel it for a bit. Cancel it until I get board. Of him as all right so you know by November he'll be. Signing back a month or two and that's just. Houseful. A lot like that you sign back up. It's hard hit right on the website it's it's very easy to cancel as a staff. Why why why would make another thing in the last night on Jay got to try to help you save fourteen dollar a month you've got the premium package. Rights via fourteenth at the water couple hundred bucks a year once it's in light of the price increase. Are you going to cancel your Netflix account. I actually saw an analyst on this morning in all he does 100% job he covers Netflix that's his job. The cut and his analysis of it is the might lose one to 2% of there subscribers. But he speaks to combat the geeks people like me cheap bastards. Lou Lou will will. Who will quit but then we'll come back he'll be back you know would also do and I'm getting in my electricity is I can save money by doing that. And in. We don't need god does not gonna use it for the month because I don't think I need I'll I'll I'll I'll I'll start my count up in its November but no electricity for October now where we can do without that and do you plan on canceling your subscription to an hour on December I'm voting on our poll right now its financial exchange showed dot com to vote. And I just voted yes I'm canceling my subscription. I haven't told my wife yet. Mr. channels and she's and I don't I show what they're saying is you're not cancel it actually does that haven't told my wife I admit to say Henne. Haven't asked my way it. Well you're admitted student I did I did not the man of the house and what I say goes straight until she says otherwise until she says otherwise. On tropical storm Nate how is this thing. So it's it's adjusting I was actually looking at this this morning there's a great follow on Twitter cranky weather guy his Twitter handle is cranky WX guy right now and he's about as good as I've found for weather out there yet. And what he is projecting you pretty much nailed all all three of the major hurricanes that came through her Harvey Marie. Burma as well as Jose that missed. And his effort. His projection. Is that this is gonna make landfall somewhere kind of in that New Orleans to mobile ranges tomorrow right in there probably Sunday morning. And it's only expected to have winds between about 6595. Miles an hour adjusted to bring do some damage it'll do wakes and power lines and things like that but it's not and have the massive flooding because the storm surge isn't going to be huge are on the money that ball. The rainfall is expected to be you know a few inches maybe you know fortified and some of the highest areas so it'll it'll be. Something that disrupts things for a couple days but it's not gonna have any lasting and. Activist appears member when I told you guys should she get married have kids. Yes without you telling the cost via via the event I I was a big proponent of marriage and did really will be free a mob hitter of his free and big proponent bigger proponent. Of you know having kids. When we come back rip talk about why Americans married Americans are more unhappy. Than ever next from the funny to exchange radio network. Even without health care or tax reform all three major indices remain near record highs get the latest info on the sectors that are winning and those that aren't. Break here we've Berrian just on the financial exchange radio network. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an on line product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. Hi everybody it's Barry Armstrong and Jake two Lian we're talking about a program called Z rent. Now this is specifically. Designed for those of you who are landlords and used to collector checks with paper checks are gosh maybe still do. Will zero rent allows you to collect checks electronically. Jam is hoping he could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords have. It varies so we we develops the rain to. Out of me the whole right now because right now. You know with the landlord when you're getting rain checks. It's low it's unpredictable. You're missing envelope the great line up mostly waiting he might not get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your renting your notebooks you know to what he does is it really digitize they'll. It makes the ranked electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting out to college student absolutely. It's predictable it comes at the same time every month and it's all on me. So the landlords who have been using assisting huge time savings and ointment do you are you still giving the first six months free from landlords the first six months or free and then in addition to that. If you bank it one of the participating banks he ran is always free free. Those participating banks are meter paintings don't messed me up at that any bank could sign up breakneck if you at a bank in Vermont to Connecticut. They could sign up and become part as he rent yup you your if you have a community bank that wants to be a member happened Collison will have to sign up and the service will then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net you give McAuliffe you wanted to 8776917900. If your bank doesn't operate they can sign up for is he wrecked. Go to zero rent dot net or call them told free. 8776917900. 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. 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. Don't forget to check out until Peter bank the sigma rewards account. Phase two point 05%. Annual percentage yield. On savings account balances up to 50000. Dollars that's leader bank dot com and Zubov rewards account. All right gentlemen I'm gonna tell you what you need to do and to be happy in your marriage first of all men. Are happier in their marriage than women 64 point 8% of men are happy in their marriage wears only 60% of women. Are happy interest. Interest put that out there you know now to check with the wives of small Tony when you all on the descent quick text. Religious attendance stark difference here in terms of your happiness and merit based on your religious attendance. If you go to church more than once a week. You were much more likely to be happy in your Mary's 66 point 7%. Of people polled. Who go to church more than once a week are happy in their marriage. Verses those who grow never only 59 point 2% of people who never go to church or happy in their march. That'd just mention. And I go to multiple purchase you can go to mall even go to synagogue to do it every like go to Moore does have Blake compounding effect I'm not sure I don't have that it's the test of the I do know. That if you are slightly liberal. You are like the least likely to be happy your marriage 58 point 3% were slightly liberal. Are you at least likely to be happy no merit and if you wanna be very happy new mayor to be extremely conservative because 68 point 5%. Of those polled worked extremely. He can't be moderately concerned but he did just be conservative talker. You have to be extremely concerned. And you'll 68 point 5% of extremely conservative before happy in America and it changed while it based on the I think you're sure to have released two stats based on Netflix subscriptions. Or those being canceled we do we did. Do we are the but somewhere around 25%. Common cause of coral. I CIA littler on our whole that is what I can tell you what's happening on our poll. 22%. I'm not shocked but that's actually 22% of our audiences they're canceling their subscription to Netflix. The analyze letters that I talked to this morning says only one or 2% of. Wu and it'll be one or 2%. Y. What you mean what like what people respond online polls typically the ones who were most likely to do something. Well the that there is the only he had the option of saying all knock in camp of those people will vote no despite not responding well I now anyway it's. If I'd be curious the stock went up right and it's it's actually the stocks up today again there's that trust me Netflix does not make pricing decisions without. Doing a ton of market research on the sale of their biggest. You tell him at a ninety billion dollar company this company has gone up in value by gosh it's worth more than does the they are yup. Think they ever add things to this certainly what would they need to add to the service. To make it more compelling. You know Ali Amazon's got football like gay and Ned doesn't having us as a sports you can go down our road let's say had a a deal with the news channel and let what if they. Said hey we're gonna give you. Fox News is included in the bundle and we're gonna give you. If the NFL package oh my gosh can you imagine the impact they had the NFL pack. I think the NFL packages something that's interest in there I don't think you ever go down a news route just because it's dying medium anyways. They want me what's it's it's time to get it she adds it's like if they went back to dvds a bit. Okay what would what about the NFL pack into the NFL package at that makes some sense I mean the patriots came just on nine Amazon last night. I want to. Freedom I watched it over the air by the way this have you interpret your forget the antenna. No I never dead. I was watching us this on foot back and forth between what was on NFL network and wanted to get just over the year. The over the years signals so much better as it what's its its uncompressed so you don't end up with any loss of resolution or any it's it's a much would that single and presto it did it Nike says these things Tucker and without top so that the way that it works for when you streaming something okay. These what we call compression because otherwise the raw video data would be too big descend across phone lines Wi-Fi and so can just because it's got elected. So what they do is they compress it and you lose a little bit equality in that depression just because when on the other side uncompressed play it right OK you don't get everything back. So what are you so the one that I was watching was just over the air antenna so it's just the it channel four literally on my antenna HD though it's it's HD and it is the best picture quality of leprosy like I was seeing individual blades of grass and and it is. Unbelievable. Well we'll have to try that will have to know monthly cost by the way. No moderately cost now Hussein from a wonder what you have to do. I wonder whether it would cost Netflix. To negotiate some. The NFL package and a do you know how much DirecTV pays for right now talker you can look it up was a subscribers and like a hundred bucks suddenly got to get the DirecTV package or you mean that the Sunday NFL ticket. That's what we're talking out that a week ago and it's like 99 year big deal how much DirecTV pay now for that match sure. It's got every substantial I can't remember how much does think it's somewhere yet you regard got it so in 2014 and they extended the deal for twelve billion dollars and that was. Over eight years so it's a billion and a half the year and so that's a big chunk of change for Netflix Etsy talking like 20% there. Overall budget for the year into account due to their suits squirt subscription base. They could charge for that it's a give you what they really do I don't know Pete would pay for the way the way that you can do it as you could say look if you're not a Netflix subscriber you can pay me and I mean I'm Boxee years and as you do today. If you or Netflix subscriber we'll give you discount you'll pay fifty I wondered that might be the way for them to actually India where anything because and they can do the same thing with the NHL they keep doing. Nobody's watching baseball and I can't believe the baseball numbers into the games like did you watch any of the games yesterday. Are you in the Red Sox who are supporting her like for our I veterans are bigger problem that the Red Sox haven't been out on us. Now each. He will see the average age of baseball what I think that's the cause of the viewer of a doubt at 57 yeah I think it's it's the cause of the way that the game is played today it's it's too long it's too slowly Kiki. He hits it down for four hours to watch a baseball no you can't men and I think baseball has a real prob just based on their each of their audience. If there's army there's nearly eight you know we joke about all that sports dynamic companies utterly done baseball fans are literally dying you know in the promised the players are sitting there saying we don't want a changing in this the game's been played it's like look. Know you're watching your salary or salary and start going down if you if you keep playing like at least he seated next TV deals come I think baseball I think it's not going to be good form though the because. That advertisers don't want an average age 57 they want an average age in the thirties now known change their deodorant once the seventy years old. The senate ways and. A buy anything right. They they market's open Dow is down a few points Dow's down ten points when we come back we'll take a look at Costco. From our financial exchange where you. 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Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very Armstrong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that your hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are affiliated. If you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called zero cents and is designed specifically to help landlords and deposit their rent checks electronically as opposed to having to wait for the male co leader bank right now if you are interested in C ranked the number is 8776917900. That's 8776917900. 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Or visit leader banks dot com member FDIC equal housing lender and MLS number 4492 finds he. Grow subject to credit approval leader bank a step ahead planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from probate and in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in dole and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide told designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. 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That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies leader bank as they're banking partner or call 8776917. To 900 or email BBO at leader bank dot com for more information member FDIC equal housing lender. Time now for mostly watch a look at the market's performance so far today until Berrian jug right here on the financial exchange radio network. Michael Armstrong is here with Wall Street watch Mike let's start off with news at a Costco would receive from them yesterday. So they actually had a fairly good quarter in terms of earnings that beat earnings expectations by six cents with about two dollars and eight cents a share their revenue beat forecast as well the real news here though is that drop in profit margins so there's days they start dropping their margins in this. Pretty big concern and even though volumes are looking pretty good that's the grocery industry as a whole just get squeezed the stock down. Is down to attend Bob scheerer. About 6% on the. What CIA news out of young China know that I Yum! Brands spun this company off. Couple years ago now would receive from them. Yes so not a great quarter they had in terms of profit they've missed that by about. Force that the share music that you sent to share. But what he did he's missed some pretty good numbers for them on the revenue in the comp sales side really led by the KFC restaurant they they and number restaurant that there. So investors ovitz. Still digesting this news stopped about flat on it it the best but still part of his sales. Very good thank you very much like. Mike Armstrong with Wall Street watch you know I can putt Costco. And BJ's would be the last ones to get hurt. Bye week. In his but I don't make that we must be missing the boat and noticed that you would go to Costco. To buy twelve boxes to issue war right you know you'd go to Costco to buy your paper towels an entire how well. Right now a lot of that people put our automatic pilot right with Amazon they do say I know I need this much stuff. Every six weeks or whatever it is in the against the liberty mean you don't use your coffee pods and at like so much stuff you can put an automatic pilot. And even though you're not you know you don't gonna take 20% of cost goes market share. You're taken to 3% pulled in the margins that can be enough. What is thing that's interesting about those Amazon subscriptions in the diagnosed and about I've actually pulled back from. The price doesn't stay consistent rates of the price that you pay the first time isn't necessarily what you pay I understand but the second time it's a convenience. You know like it's just me lately I'll give you an example diapers. Right you don't want to be run into the store to buy diapers. Every two weeks Suzy are run out of diapers. Think that's an emergence I've never run out of diapers you but I'm not really looking forums I don't think I did it as as a pair out to check. You never want to right here at all diapers at. I ate it. I think a lot of people do that automated shopping at a convenience more than just price and I think. Amazon is gaining more and more of that people are saying I don't really care it's five dollars war I just wanna go to the mall. No there's there's definitely people who don't want to go. Near to the mall and so forth I. For me again I don't necessarily if if I know where I can get something so let's say that I have a place that I go. To get certain things let's I know where to get diapers and typically go there with the reason that I buy things on Amazon. It's more for stuff that I don't know where I'm gonna get in I'll give me an example. The other day I decided that I wanted to start make my own tortilla it's why. Don't know but I decided I wanted to easy actual tortilla like the actual tortilla yeah. And so I knew that I did some research and realize that Norton make good ones that you know trying to make him just by hand but he knew tortilla press in order to do so I don't know where the heck I can buy a tortilla press him but I want to get in on Amazon right and so for something like that I go there. If it were just Hayward like go to buy flour for tortillas. I know where to get that then. So for me it's more you know the things that I don't know where to go to get them yeah that's why I go to Amazon is because if I've never bought it before K now I know we're ago. There aren't GE. Has eliminated corporate cars for senior executives as part of their cost cutting measure they eliminated. Their fleet to rate of jets their private jets. They're together selling off the private jet fleet and they are also. Getting rid of all these corporate cars by the end of 2018 since being down that program. Within the next fifteen months this was confirmed by GE. And so John Flannery the new CEO who knows now officially the CEO after. Jeff Immelt step down early. Clearly going after you know the companies say hey look we we have an obligation to our shareholders were not here to be fat cats just doing whatever we want we've got to deliver. I get that part. But I haven't seen him do anything to innovate yet maybe they just haven't announced that he's doing it behind the scenes and what does this do to their ability to recruit. Because they're not in LE GE is if you're if you're. Apparently you're you're graduating with an MBA from the Wharton school now right re gonna go to work you know go to work for GE unit go to work for Amazon I think people notice I I think those NBA's I know. Those NBA zirconium is. I just look at the Reno what they've done some moving the headquarters in Boston and part of it you can say look. Were going to be an urban company at this point mutate you know that you walk to work you do subway take a cab we're not we're not covering the cost. Of it just reeks of desperation maybe the end and I hate to say that well I'm just. I I applaud the moves but I I would like to see okay were cutting expenses and oh by the way we have this really new. Cool product that's gonna make his billions the haven't heard a word about anything innovative. And cost cutting. They can chimpanzee can cut costs right they have. In innovation. Is part sales are heart. Growing your top line yup is really hard idled CEO that I worked for. Once in and we had expense issues I was in charge of a division of the company and we we had expense management problems and he said Barry. He EPA and every race what about it yankees you know I was gonna impact the quarter and I was under a tremendous amount of pressure. And he came a week at the end of the meeting were talking about you know we're gonna fire this person and Morgan cut this expense or me or is this office space. He said Perry. Your sweat out all these details and and we'll get a much time you're spending on this yeah. Why don't you just used to say sell your way out of it right you'd roll his arms like that. And just say sell your way out of it. In you know on the plane ride home rate is at who's just happy being fired obscene myself you know he was right. He used do you write neatly companies like GE LK YouTube you're cutting costs but when you sell your way out of that problem. Oh Bakes up and cool that people wanna buy. I agree with you in the long run I think this accused geez a company that's been bleeding. And I think what planners trying to do is say look we need to stop the bleeding and then you know once once we stabilize the patient amp. Then we can talk about OK now we do the deeper surgery to say hey had we innovate and make ourselves better than before but they got to stop the bleeding and in this the company has just been hemorrhaging cash. I'll equated to hockey. A member Michelle Goulet who played hockey at the back minority. At a dinner we want him one night. And he immediately 500 goals in the NH he's pretty good player ready if he had played in a major market he would have been down via the and eat we're having dinner and he said you know. I can teach a lot of guys how to play defense. But very few people can be taught how to score goals troop goal scoring is really hard. In the NHL he talked at the you have to have that in the ability of the used to be guys scored seventy goals in the NHL was last time that happened does. But while at the highest treason is their only high fifties or sixties remember the seventies Phyllis disease 76 goals and me today. But so. That's that's what I equate GE to locate your your demonstrating. That you can cut costs look at me made made the stockholders elect that that that won't. What I'm saying to you. Is. Show me you can grow your top line revenues sell your way out of the profits a lot more fun to that that's what I learned I did go back by the network that CEO. And and I grew sales by 30% a year and we never had another conversation about that is. They don't forget legal exchange is offering Cushing and Dolan is actually companies to offer it's a law firm. And it's cold designing the perfect irrevocable trust who's prepared Cushing handle. And you can receive this by going to their website legal exchange show dot com that's legal exchange showed dot com. Well if if it doesn't work. Then you could lose your house and all of your assets if you have a defective. Colonel trust. Take a look at the website download the guide to be doing yourself a big favor maybe you're doing it for your mom. Legal exchange showed dot com blue origin CEO we're taking tourists to space within eighteen months called me skeptic. Right with a year this is up blue origin is the company that's that's outside Jeff Bezos and and pretty much subsidiary of Amazon. And they said originally that they were going to have. Their first passenger launched by the end of twenty teens are now pushing that back even a little bit further then I just I think there's a lot of questions being answered before you start sending tourists into space demean the number one. Problem that you have is that it's still incredibly dangerous. And so until you can kind of square that away. You know you're you're gonna have some problems I mean it's it's a bad enough if you have a plane crash in it it's another thing falsity of the spacecraft is blown up coming back into the atmosphere so. I have no doubt at some point that we will see space tourism but it's never going to be one. It's a next will be joined by Larry Kudlow senior contributor to CNBC. And architect of the trump tax plan. When we talked to Larry Bird talking to him about the federal estate tax that's next from the financial exchange radio network. Trump's administration hasn't passed any significant legislation yet but tax reform is front and center. Can't be sure. Keep it here with Barry in check for the latest on the president's agenda and how the markets are reacting and this is the financial exchange radio network. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from pro ready to. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in Dolan and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month to hundred no brand new guide called designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come legally exchange show dot com. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. For your Medicaid income trusts. Todd you know I keep reading. Almost on a weekly basis about stories worst states are challenging. Durable global trusts and Medicaid applications. What's up with the increased scrutiny on the east trusts. Yeah the problem is that you know many more and more people maybe are trying to draft him more more lawyers are trying to get into the field that that maybe aren't ready that the safest way to say it and and they're putting paragraphs in that that just caused problems if you if you wanna put it in English because a crack in the ice yup and allows them to reach in and you know grab those assets from the trust and it's that bad paragraph that causes the problem and so they're starting to realize that rather than just put states are true yeah. States are saying you know we're gonna we're gonna take a closer look at every one of these trucks and see if there's a way that we can find a crack and that it's well makes sense now. Which today would have been. What's the result if you lose if you go to a fair hearing you lose what happens while if you were to lose that the assets basically the assets in the trust that you might have told your clients are going to be protected from the nursing home. Are no longer protected they would be considered accountable assets. And exposed to the cost of nursing home care so it's a big deal it is a bigot if you lose it's all about drafting Mary it's all about making shore. You put the right paragraphs in the trust. Folks if you have a Medicaid income trust you may wanna have it reviewed to make sure that your assets are in fact protected. He can reach out Cushing handled by calling them at 8668485699. If you want to copy. Of the October guide it's about Medicaid income trusts. Most of you choose to download the guide from their website which is legal exchange showed dot com. Legal exchange showed dot com for your copy of Medicaid income trusts. The financial exchange with Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten this is the financial exchange radio network. I see all the tough questions for Larry Kudlow he joins us every Friday from CNBC. He's here right now Larry welcome to the show how are you today. Larry I wanted to ask you about the estate tax and and I don't mean to put in an awkward sit position but. I'm gonna do it anyway if you had to choose. Leaving the estate tax where it is now five and a half million bucks per person. And get a little bit lower corporate tax rate to percent lower corporate tax rate would you be willing to play that card. Ole I don't know you know. I know I told goes save in the top ones for you. And they're. They're completely different issues and out well that got true because. They're both programs and they're both pro well and they're both pro investment though. Yet and apprehension Goodling to do. I've figured gone on Detroit percent and I don't go to between present a corporate tax. But outbreak twenty. I don't really a linkage. Between taste of that pool. It has okay well Lou I did. All right what do you had to trade it for bigger child tax credit what I'm trying to get here Larry is. Weird we get our biggest bang for the buck in terms of the economy. They give you if rocket trump wants to increase the child tax credit night I think a lot of people are behind that. So what if you said okay we're we're gonna we're not getting repeal the estate tax you have about 5000 families by the state tax returns year rates it's not. A big winner. So what if he gave that out is you know of the votes anyway yeah in the senate you know you can get the votes to to repeal the estate tax so why not. I don't mind. Susan Collins John McCain and Rebecca South Dakota. John McCain by the way does not like the state yeah I do want to note that how we vote. It's a different matter but I know shot paid the State's expert gone as breast. Whoa what again economic benefit the kit do everything you know you've been in these meetings you can't get everything you want. You keep the estate tax that you get a really nice package. And on the child tax credit for working families. Well look again those are two entirely different things really. You know the state taxes as a bad investment wealth creation the child tax credit. All that have already had to be sorted out you know we have child tax credit already. I'm not entirely sure about specifics. If rocket. Plan I have not spoken to her in a while. About that. But I would agree. It's that's gonna get work it out it's gonna get worked and I don't know how it's gonna get worked at with respect to. Child tax credit that are already on the books I'd I'd I don't know. But I think what if if if the bulk of the growth. Independence. The bulk of the investment incentives. Is common from the business side. All right let's just established. Probably. 85%. Of the gross impact and that includes investment that includes productivity. That includes a middle class wage earners. At salt content but there's. Now. If you want to I think what they're gonna do. Is probably. Raise again the limit. Income limit. On the state tax is pretty high rate five and yet it is pretty died out. There's a good argument I'm very proud argument. That family farms and family it is could conceivably be hurt. Expert on that I don't like the state that you've already paid act. On the you know pay income taxes you'd late capital gains taxes you paid corporate taxes and based on a little bit. Go red. Belt and make my day if not the most important thing. In the yeah in the issue I do not want to raise the top income tax rate very strongly against that do. Because that's the creator as people at the top. The most successful earners and investors you know they provide. Investment. And this thing. If I start a business. A person making 30000 dollars a year. Diego person make a couple of million dollars for a million dollars. I want that top rate which is really an investment tax rate I don't want that to go up but like that lead them down perfectly happy with. With. Whether twelve point 530. In America in my before stripes and let facts that. Happy to have that. I don't think that's going to be a big sticking point you know line and that is. It is in the grand scheme of things. I think the big. Bit tough choice. Isn't. Well we just lost Larry Kudlow Lee's eat thinks that. The estate tax. Is gonna who stick around. It'll be it's it's gonna be really interesting to see what we ended getting out of this just because we know of the house took the first step towards trying to push forward some kind of tax form couple days ago and they. Pushed through budget outline. But I think the details are still pretty hazy to me just because. I just I look at the numbers and I just don't know who's on board with what given the different factions that he had with in the Republican Party do you think he get tax reform and 2017 that was the other question is gonna ask him and and the more I hear in the more I read. Is this is a Q1 of the eighteen points I've always thought that February of eighteen sounds about right to me and so sticking with that but we still don't really know what it's gonna look. We don't we don't have a ton of detail when will we get details. December January. I hoped we wouldn't September you know I mean it's if you wanna get it passed by February. You need at least you know the big details out there so you can debate and so forth by the end of the year now now the did the big issues are you know you have those three brackets 1225. And 35 but where the income that's the other thing we don't know. You know if that 35 right bracket starts at 150000 of income. That's a bad deal right we still don't know you know if talked about stepping up the the child tax credit we still don't know how much that is going to be. That there's still a lot around the edges child tax credit as a big win. Especially if you make it only for working families right if you don't have earned income he can't get. You give that to people that earned income that's huge city got a 5000 dollar tax credit for every kid. And people I don't know if you do it only for people with earned income. When that further talk about is nonrefundable so you lose your job and all of a sudden you're not able take credit. Well yeah that if that if he got to have earned income to get the tax good luck. The Dow's off 28 points the NASDAQ down fourteen and the price of boils down adult or thirty to a barrel little bit of a surprise there 4947. Awfully. Why that's a surprise. When we return to the funny to exchange radio network. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group 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. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases 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 faster closing call 8776917. To 900 that's 8776917. B 900 workers at leader bank dot com. Emirates the SE equal housing lender and MLS number 449250. Subject to credit approval leader banked a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank their jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and number 449250. Subject to credit approval leader bank a step ahead and he spent the last thirty year forty years building your financial planning business. He worked hard and your clients rely on your. But what about when you retire you have a team of dedicated for those who will care for your clients in the same fashion as you do. Every dot about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we are looking to build our business through acquisition. We are affiliated with an award winning broker dealer RI AA and we have superior service capabilities we work with clients and all six New England states and offices throughout the region making it easy and convenient to set up meetings if you're interested please contact us through our website Armstrong advisory group dot com or call 803934001. Our advisors have over 100 years of combined experience in the financial services industry call us today at 803934001. Or visit us online at Armstrong advisory group dot com securities offered to securities America incorporated member and SIPC and advisory service is security Tamara. Guide to retirement planning it's really important that you do this before you retire. When I talked about two things that are critical aspects of retirement and that would be Social Security first and secondly Medicare it's your Medicare supplement programs in your Medicare part B. You know let's talk a little bit about Social Security everyone knows that you've been paying in these programs really for most your lives if you've been working. But there are a lot of questions about when you should take Social Security in the first thing that you need to understand. Is a concept called full retirement age and that age differs depending on when you were born as an example if you were born in 1942. You're forced harmony ages 65 years and ten months you're born in 57 it's 66 years in six months so you have to understand this as well as how your Social Security about changes based on how long you wait. Right the other thing that you should do is take a look at our guide again again it's the in the guide for retirement readiness. Exclusively available from Armstrong advisory group. But as it relates to Medicare. Each state we've listed on the in the guide each state and the website that you go to for each state to calculate your Medicare program in which what's best for you. Yet differs depending on the different states and you really need to be cognizant of this when you're building your retirement plan. Well the folks again. Just to reiterate this guide is available exclusively from our strong advisory group it's called an investor's guide to retirement readiness. You can receive the guide by going to our web site Armstrong advisory group dot com only available online Armstrong advisory group. Dot com. Go now Armstrong advisory group dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative 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 down silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency can't guarantee by the bank and may go down in value leader back a step ahead. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from pro ready to. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Tug blessed to be a partner with the law firm of Cushing in Dolan and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide called designing the perfect income only a rev a global trust. And it you'll learn about strategies to undertake while preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by a leader bank's local underwriting and processing teams traditional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank. A step ahead hi this is very Armstrong and I've told you for years about my relation. With leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in savings account providing free online banking with a one point 15%. Annual percentage this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage and no minimum balance and remember this product is only available online so logon to leader bank dot com right now leader bank dot com bank a step ahead. In new. This is the financial exchange with Barry Armstrong and chunks of yeah. You're exclusive look at business and financial news affecting your day your city. Your world stay informed and today about economic and market trends plus breaking business news. And the financial exchange we've Barry Armstrong and shocks. Under normal circumstances. We can get a pretty good read. On the economy. When we look at the Bureau of Labor Statistics jobs report comes out once a month comes out on the first. Friday of every month I everybody to Berrian chuck and today is somewhat of an anomaly. Given that we have these major hurricanes hit Texas and Florida and Puerto Rico so the number we got this morning. Quite. I I better off I should call it inaccurate or irrelevant unreliable and reliable good term the term. Yes so typically. You know what we get there are two different surveys that are involved in putting together the employment report that the view that the BLS puts out every month and there's one where they interview people and sent out surveys to individual household saying hey you know what changed for you and then they're able to kind of base things. On those responses there's another that they send out to. Companies and they've interviewed companies say OK what do we get from them. Typically those two reports are at least you know somewhat in alignment and showed generally. An agreement. Not the case here the establishment survey meaning the survey of companies shows that the US lost 33000 jobs for the month of September and the household survey shows that the US gained 906000. Jobs since difference about 950000. Jobs. That doesn't make sense and and that just shows you that the data for this month I think is so skewed. That suit to put any stock in in what we're seeing here. I think he is. I somewhat foolhardy just because. On one hand do you believe the cervical telling you gain 900000 jobs the one that says that you lost 33 how how many months. Do we have to kind of discount this report for. I think will finally be back to normal somewhere November December oh that's it yep I think October still going to be all kinds of messed up because this but I think you get out is is always you don't see anything else man. I think probably by I'd say December at the earliest. Well anyway these jobs report unemployment rate four point 2% earnings up half a percent per month you're a year earnings or two point 9%. Labor participation rate 63 point one in the use six downed eight point 3% the lowest it's been junior's death and it's good numbers if it's true on that front. I just I'd look at this and this kind of like. Okay what's next have I got a job for you to tough job to get them. There's a company called wag WEG. It's actually an app that you can download on your phone think it's actually wag. It's gotten exclamation point at the end it's kind of like Yahoo! oh okay well what whatever. And they serve wag is a dog walking service so as a consumer. You can go on lag. And you can arrange to have your dog walked in I think you're pretty specific you can say hello my dog walked between twelve and 1230. During the day right what he'd take it this far here's where I want you go here's what you do when you walk the dog and someone comes in. And follow your instruction and and tell me if the if the you know made duty and all of us. So you. From that standpoint is from a consumer standpoint it's become very attractive it's expensive. To chart it's it's not cheap. It's not I know a lot of people who do very well walking 25 bucks today and a lot of people would do to Harry well walking dogs I Kalla. 7080000 dollars a year now or the on Wagner they know these heroic private businesses they run into the geezer like in the last twenty years they may be on black now. You know I don't the this is the from a consumer stamp and not talking about from an employment stepped up. But if you are a yuppie couple right you both work and poll full time and eat eat just. You don't have time to walk the dog during the day and dog needs to be walked he can't leave a dog in an apartment from 7 AM until 6 PM it's not right now. So he's not of the department beer you're gonna spend 25 bucks a day it's a 125 bucks a week. As of quickly Elvis and you talk a 6000 bucks a year she missed a lot of money to walk a dog. And as a gig it's not a bad gig it's tough to get them so at wag. The acceptance rate for new hires and is 5% why so what can be so part of Orkut dot you watch the you ring the bell. You heard you you you may even have a code are key to get into the house. You opened the door he put the leash on the dog you walk that don't have at all we assume all of these orders are going to be giving a whole list of instructional though her fluffy. It to be fair it's a little ridiculous some of the stuff so it in the interviews there's a pretty funny story this guy Ethan John Olson. Was a film student Emerson College from here and you know pretty much dios said hey I'm more conferred job can can I apply plied the wacky it gets a phone interview. And during a phone interview they asked him if you would look the dog in the odd though the animal was hesitant to leave for awhile. Person would we know he never did. And any horse or dog. Eagle is a look at that is that you might attack that it's. You never look at an animal on the you do if you all the animals there they want to play with yours gap but if it's if it's an animal you guys don't know this. Watch you wonder you guys take it in the light and I meet pony dollars and pony dogs like the united it will give the dog all the time over there talking about nobody talking about a situation here with the dog. Doesn't wanna go for the wac you don't just get its face the British and look at dog the eye and I get in its face. I'd I don't in the eyes you don't get the space. You get down on you knees him in the is that it's talked about it that I kind of figured it was just kinda like anybody yeah c'mon. Anyway motion the it is hard to get a job with company 5% of people who apply get that's that's more difficult it's more difficult to get a jobs dog walk in and get into an Ivy League school then. A condensed. That chart record is that your friend. I cement walk in Sydney walked dogs in the city no suburbs really suburbs I don't like kids in New York that are content. And there they're doing it in the sometimes they'll do a service where they keep the dog for the whole day on Saturday to me what. Yet this is so this is in the suburbs and I think. He charges somewhere around forty dollars a visit up to me you know 45 minutes or an hour so it's somewhere in that ballpark. And I think does like get six or seven dogs today Sofia if you run the numbers here you know works out like 250 bucks today. Figure you know maybe take a little bit of time off so let's call you know and it's a good gig 320 days to beautiful day if if you do in. Again six hours today forty bucks an hour you're doing 76000 dollars a year per. Well and you can do it whenever you want so you could have a full time job and we're. Where they make the most money where its most efficient is in the cities right right so. If you live in there hood down near Yale if you live in you know anywhere where there's a like a a big population of inner city living where they have pets you know make money New York they make. Fireworks the one New York Delis find funny is several New York has as little dogs that look like Braxton and you see the person walking like twelve of them because they're all in the same building in their late yup I'm making 500 dollars this is our want these little round dogs need what what I would have trouble doing if if that were me. I'd have trouble getting the thing back in the right Blake in the were in the right apartment let it happen especially if you like just fluffy Livan this Warners that we're rovers take. It happened then I would have all kinds of trouble I do that with kids. If it relieves our it department at night what that electrocuted hockey rink. I did that a couple times you're owner someone else's one was mine and one was some feel hopeful or did they did more I don't know more than one occasional audited you after you for years actually realise you left the child. You're right we do easily get a phone call for my wife and it started like you're an easy that. Got to go back to pick up of the body in Canada wants that. I will result. Default rates first sort of certificate program graduates on par with college drop out this according to needed. Yeah and these are four certificates mainly offered by community colleges and for profit schools and that might only take a year or two to complete. And you know they can include programs such as medical office building. I've seen some four you know some trade programs and things like that. That often or not you know. Full you know licensing programs are along those lines today. Make a suggestion to your generation. Yeah this is it just as I said no would you I so it goes this is this is that something we have screwed up and news baby boomers. And I'm gonna just suggest this is it's your future in your gonna end up paying the bills so if you like wasting money be my guest. But. Student loans. Need to be underwritten. Just like any other temple you can't make student loans guaranteed. You can't make student loans to. People that are studying things that. The week. Student loans right now there's no credit checks on student loans you can get a student loan and you can go and study underwater basket weaving. And never have a chance of making any money or dog walking or dog walking. And actually I would underage dog walking I'm I am of the opinion. That your generation needs needs to take control this in start under writing student loans based on course of study. Based on an academic history. Based on it you know the the ability to actually find meaningful employment when you conclude that education. And maybe maybe just maybe the school has skin in the game. Right now about the schools saying you you know we're going to be loaning some of the money to this kids we wanna make sure that they get a job immigrant. So I have a slightly different thought. Hampshire what if instead of doing that we simply develop programs for kids that are pure job training rather than sending them to college which is not as a lot of which is not built. For employment college college was never built to be the tool to get you prepared to get a job it was built to provide new places for people. To learn about things that. Don't necessarily relate to a point philosophy English all the Italy you know one never said GM really wanna be like a great philosophy here talking to integrate paying job apprenticeship programs. That's what a lot of other countries do like you look at what the UK does and how they handle it. They don't send everyone to college London to study this say the same way they have different programs depending on what you want to do. And I think that we send an awful lot of people to college that don't have any business being in college up because they can't do the work. But because of what they really didn't want to do enlightened doesn't require the same kind of college degree. Coming up were to be talking about the imminent threat to the unity of Spain we will be joined by Michael reed from the economist. To talk about Catalonia. That's next from the financial exchange radio network. Markets continue to fluctuate but we'd John you covered get your daily update on what time and what's not from Mike Armstrong every morning at 1030 boldly on the financial exchange radio network. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age of 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you worked hard but now it's time to find a successor the advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our and transactional oriented firms with a solid stable of young advisors who will put your client's needs first and provide them with service and attention to which become accustomed if you're interested in talking with us please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong. Advisory group dot com security suffered two securities America incorporated members in SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're in the market for a small business loan you need to call leader bank if you are small business looking to expand or improve your infrastructure you need to take advantage of this great deal from leader bank for a limited time your business can get an SBA loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and ad rate is locked for four years any democratic rating of 700 and give you an answer within ten days of receiving your completed application. This is the number you need to call 8776917900. That's 8776917900. Take advantage of this great offer from leader bank a four year fixed rate loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and you'll hear from them within ten days of receiving your application 8776917900. Call right now 8776917900. Member FDIC. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Unaffiliated hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one surely worth your time to check out leader bank is offering in east savings account providing free online banking one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't Dele logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. The financial exchanges live on FaceBook and YouTube watch Barry and Joseph discuss the issues of the day and see which one smiles the most. Days as the financial exchange radio network. We know that many of you have jobs that keep you busy all day long suit made it easier for you. Catch up with the financial exchange when it's most convenient for you just download the I heart radio out. On your phone or tablet search for the financial exchange and you have access to all of our content including individual segments. And show. Outrage in Catalonia we are joined by Michael read from The Economist Magazine to talk about Catalonia which is a portion of Spain. Michael welcome to the show why does Catalonia want to secede from Spain. And having me. Well I'm about forty to 45% of the population. One consistent. Pattern and articles and so the commitment. But that is kind of double the amount of and Utica. It doesn't ever record those crop in the Republican couldn't vehicles to you know probably let that dictate offensive coach our local. But the it is. Several issues emerged with at a later that while what their money and of course. Spain has called you mentioned. Recession and slump after it. Housing bubble. Table. They think they should get to keep more of that type as the best in the there also won't believe how. But it while drinking while government there won't abysmal. And they're mostly identical to connect up do all the different. And they've been able. Different. Although historically if I'm. Roundtable time being an integral part of it. Would say the do you sit mentioned 1978. What occurred in 78. They kept them happy for the last forty years or so. Well. Opt to prepare for our local Spain. Drop the democratic constitution. Kate. The region. That are applied to proud of our government the cutting out little. At least it education and health services. Prisons. An awful lot of ground. They were able as a result. To ensure that the Cutler language is that labor relations schools from powerful aren't keeping them. A public life and completely but and that was. Patrick fired. And historic bemoaned the loss of you couldn't even well in a bit about that pick offensive confidence. Who don't want independence. But do want. And it changed. Dementia do we inspect. That is the typical that was on there about what if what if the center on independence without credit because the world a better deal. So right now the deal if you will. Is they pay federal income tax in the pay more to Madrid then they get back in return is that a fair assessment. That's correct it and placed. You know. They say. It's plain red. Three days all of them. Eight and nine billion years yet now they have half a point I mean in as Spain and it's. It's not quite popped. Or manipulation. By the U different abilities in the equivalent federation but it federation is normal that which popped up as. But. We pay enough. They probably should get a bit more money. I'm also very kind of probable Google public investment and again and cost them. Some argument. But the things that can be addressed in solution. So what would the economic impact be. If Catalonia did in fact secede from Spain. Will be huge. I mean we've seen in the last couple of days. Central Moscow. Companies. And I'm not a bad movement people who quarters of the pot president wanted to by the potential. A little bit about 20% of all. I don't GDP. If there is if they would become independent it would have been forced to beat you in your opinion because. European Union in its. He treating title and name live with them what they interpreted it has no one of them and and they were going to be over of tropical in the joint you know so I'm hundreds and he already feeling. That is according investors. Worried about a couple of years especially but also that certain in certain. And punish those involved we've been pummeled the we've. They go up and down according to the that they think you can crawl out of while. You know this reminds me a lot of went to Beck tried to secede from the rest of Canada. You had companies leave Montreal and Quebec never recovered from that what can be done to save this union before a lot of damage is done. To Catalonia. I think that the good and I mean yeah I'm in the capital and much more important than in Scotland does Utah have of course back. I think it'll put on the bridge at the moment I think there are foreign. In from buffalo the day and that probably because that there was about a company called the independence movement. Maybe go to toolbar and unilateral declaration of independence next week but it. I mean you basically have to all the negotiation and I think that negotiation will have to include. Subject to certain conditions the possibility of an equal. Definitely and but it won't let him respond response to the mountains and constitutional tradition and then. Just took the patent and yes I'd. But I mean I'm. Because there's. We have great trouble because. Dominique. If you can't find which reported that Lebanon politically easy because letting other record that that prime minister this property. I actually don't wall and the best thing because that take on purpose but. On the walk a little bit. Independent label isn't there a powerful than that but there has upheld a couple logical level. Clinical leadership and political and stepped back from. Good. Michael thank you very much for your time we appreciate it. Michael reed from the economist you know we don't think about it but this is a very disruptive. Element to Europe and I would tie the parallels between two back. And Catalonia. Who can Beck. Jeff what happened was you have major companies and I'm Exxon life of Canada who just left anyway it went Quebec voted to secede they never did secede. It live when they voted to secede you had. Big companies in Montreal Montreal used to be a dominant city in Canada and it's a shadow of of Tron Toronto is the dominant city. In in all candor. When we come back will be talking about electric car charge. Time trial that's next from the financial exchange rate and. You've got Barry Armstrong. Financial exchange on the financial exchange radio network and. 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 buy your gold locally it just makes sense of leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're. Close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist C can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Securities 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 companies are unaffiliated planning for retirement can be a complicated process many factors need to be taken into account including how to protect your assets from pro ready to in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in dole and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide called designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guy is all mine so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come. Legal exchange show dot com. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take hassle out of Wednesday with zero leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he dot net to learn more would you rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816 or 18691. Very Armstrong here and I'm joined by the vice president Jeep tool. From leader bank. We're talking about zero rent this is exciting because zero rent isn't method for landlords to collect their rent electronically. 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Well right now they're all writing multiple checks and sending them in and fro in order a source become confusing pain in the neck so you Reynolds who has it will actually deputy each tenant can individually. Matches in 101 payment for that unit to landlord. And then of course there are reports in notification that electric stuff but going back tier. Question a Condo association's a lot of Condo associations have been using you aren't as well because the Condo. Payments that kind of the shirt to every month at the scene so they've been signing up and there's a version of the rent for condos. I'll be darned well sounds like a something that you need to learn more about folks visit. Zebra dot net to learn more that's a website address or call them at 8776917900. Toll free 8776917900. Why collect your rent or your Condo fees with paper checks. Get with the modern age go to easy rent dot net or call them toll free 8776917900. Markets are high. But questions remain about whether or correction is coming. We've got you covered every day we've what's not and what's not from Michael Armstrong. Mornings at 1030 only on the financial exchange radio network. I am an unabashed. Fans of electric cars like driving them I like the fact that they don't vibrate. The fact that they're quiet. But it's not all. Peaches increased when you drive an electric car. Yet range anxiety and worry about when am I gonna run out of the battery you think it takes a product that is a problem electric cars is how long. Takes to charge them. Yeah especially without conventional chargers. It's not a situation where you can stop and even fill up the quote unquote tank in half an hour it's something where did the charging time. Is measured in hours not in minutes and that's very different from what we see with gasoline powered vehicles raced up to fill up with five minutes near on the road with couple sodas for the road indeed go to the 400 miles exactly afternoon so one of the biggest things that I do they call it soda. You know. That the big things that we need to work on it are building out a network of chargers that are able to charge more rapidly. You know I I'm skeptical and Hillary share with you with the problems are going to be without. We knew buying electricity from one of those charging stations and they market up very expensive it's more expensive than gasoline. So the only relatives yet dealey time you get a good price on electricity. Is when you're charging at home. War when you're charging your dad's house your neighbor's place is and you pay for all but if you're charging at one of those I was looking at it in I was in Boston. And I wanted it I saw they are charging stations I was gonna use yeah to the cost. It was more than triple the cost. Of what it would be to charge at home and so I just said the heckler out because IK at the option of using gasoline and and he's human interest. I think it's something that we have to figure out if we do want to continue to push towards electric vehicles because they're an awful lot of people that drive. More than a 15200 miles that we evolved people that commute from Manchester down to Boston we have all the people. The gut me they if you had. Car that you don't like Chevy Volt. That you did more than commute back and forth between two. Even so let's say that you end up in the winter okay Alexander great allies you know you're you're degrading the battery plus years six year run in the thing longer sees it they're saying gee I'm not yet and you know as much that would otherwise. You know I. Those are things that we have to work out as well as pay for the family that wants to go take a road trip but okay. Are you gonna be limited to driving 250 miles day in the charging the thing overnight won't that is all that he can do well. Oh we do is we have two cars relive my wife's car we in my car. My cars kind of commuting car in the running around the Greater Boston area in Dan if we are gonna go to Connecticut. For the weekend and then we'll take her car. Well what I find interesting and all of this is you know that's something yet the flexibility on if you're an empty Nester you probably don't have the flexibility on it if you're. Generation of family and have that. Well what I find interesting on all this is series get China pushing for these electric vehicle quote isn't so forest. Couple odd countries in Europe for pushing to phase out gas vehicles in the next twenty to thirty years remarks. And I look there and I saved me why why are we abandoning hybrid technology in. Don't is hybrid technology is something that gives you the ability. Hey if you need a quick fill up OK you're still able to get some additional range. You don't need a huge gas take you to be something hey keep a three or four gallon gas taxi and get a hundred miles or something like that the problem truck. Use the expense. Unity is. The DA the reason behind going solely electric is it's very simple and there's no means. And and that's what people like about electric car. You you know I've taken to an electric car in for service this thing the potentially change this is if we get new battery technology you can get to lithium air batteries were hey you've got eight times the other power and eight times the storage and in charge are twice as fast all the submission they're saying. Problem itself I gorgeous not there. They don't forget leader bank has what's called me Zuma rewards account. And it pays two point 05%. Annual percentage yield on the savings now it's on that count up to a maximum. Of 50000. Dollar they have to get direct deposit in order to be eligible fort. All of the details related to this account which is FDIC insured and my dad. Are available by visiting leader bank dot com if you wanna earn more interest on your savings. Go to leader bank dot com and look up the information on their resume book. Reward to catch who I talked to somebody you can call them all free at 8776917900. But all the details are on their website again its leader bank dot com. Amazon. Can we were talking about Amazon in this thing and is on takes parental leave so seriously. Even spouses. Get paid time off. Yeah this is up pretty impressive what you see from Amazon here. And not just Amazon but a number of other big tech companies. Offering Netflix has a pretty generous for Netflix does what's interesting. If you take a look just at the the parental time off the requirements in various countries you see all kinds of things all for you crossed the border do you know the US doesn't have any requirement for paid time off for okay. But you go over Sweden in what they do there and again you're talking about the most socialist socialist countries and that they give it's just north of the year off by believe. And either one of the parents can choose to take that time so one spouse can take six months off in the other 61 can do nine in three you can alternate weeks. I like that from a family perspective I I don't know how they do that from an employer perspective and remaining profitable. Yeah that's that they have always struggled with is how does a company like Amazon's program what is that you get twenty weeks. Yet they give to when he weeks and and they also what's interesting is they provide some assistance even beyond that if you're adopting. Okay right they'll provide funds for travel fees for adoption and so forth on so there'd give saying hey look Whittier adopting or having a kid. On your own. Ordered them a lot of support but what if this is because of businesses operating. In he grew up his mom brought him up. By himself but he credited his father was an unseen. EE seems to be. You know column and got it when he first started the company he treated employees quit poorly either cause they still everybody's worked there for about 45 months now and yet he says look we we work. You know hard when we are supposed to be working it's it's not a low pressure culture by any means lost for but they do provide you very strong benefits. For anything family related. FedEx and UPS dipped in value yesterday. And they dipped because I guess Amazon. Is saying hey they're gonna do adored adored deliveries they're gonna pick up that final mile. A delivery I don't know what you guys there are already doing that are in my town so it's nice he's a white amity have you seen the way to Amazon bans are. This is beyond even final mile that the talk about it and they're talking about sending their vehicles to pick. Goods up at the vendor yeah and then delivering them straight from the vendors of the vendors got a warehouse that isn't yet good nodded and Amazon facility. The saying hey will take your goods and pick him up at you know your facility taken ours and then do the delivery full circles so. It's it's something that you'll probably as FedEx and UPS a little bit concerned. But the thing is Amazon can't alienate them that quickly just because if they do when they're still at the mercy of FedEx and UPS they don't handle enough of their deliveries on their own knowing. And I think they're getting into a business. Date you know you look at FedEx and UPS they have a lot of issues with unions and not saying it's a problem just saying they are dealing with unions on a daily basis. So for the life of me. I do not understand how Amazon has been able to avoid unions they haven't got unions and warehouses. There have been a just avoided them. Which is impressive. Yep for an up and little. Unclear as to how they've been able to detect and SharePoint 2 o'clock am to did its. Because again the as you mentioned that you are right disagreed that it is you know right where you typically see it's so and I don't think you're going to be of the void her you know into the year now two years maybe. That you think about that warehouse they haven't all river. Eat up in dollars to doughnuts you've got union represented is trying to get in no doubt about it you know they're building one in north haven Connecticut. Same thing there in the gap they'll let him build it in the let him get established in reliant upon that facility. The then those unions are gonna burrow with your they had real problems with the unions was in Germany must remember last Christmas they had I would yet it is they destroyed and they hate did. They did in AT. And as uneducated. I guess in terms of you know cut regions making bids. For Amazon's new headquarters. In Connecticut and sting me get there basically putting two proposals in front of Amazon. For coming to Connecticut one would be in the Hartford area they can basically take over the city Hartford with 50000 employees. The other area that is being pitched by Connecticut would be the Stamford area. And he Stamford. Would have the better shot at attracting talent as compared Hartford. Because of proximity to New York yeah there's already a lot of kids that they live in Manhattan and then they take the train. Out of Manhattan hedge funds private equity firms they go to Stanford they go to Westport and others a slew of them. Right along 95 there between get an error and that whole stretch there dale right lined up pretty cities already a lot of kids doing it. I. Would egg that problem with the Stamford area it would be cost. And it's more expensive than boss if you're looking at this from the perspective of what's best for the state of Connecticut. Harper would be best because it it near starts to get more towards the central part of the state it's seen a lot of loss business sees a problem with Hartford. Is if you're robotics engineer. In your graduating from MIT topping your class ranked Megan ago Hartford now you're gonna say I'm gonna go and go work for Google are gonna go work for Hoover you're not gonna say gee I wanna go to heart rate at WW sparse but negative let's say I wanna work for Amazon and so so here's the thing if you go back twenty years. The way people talk about Hartford today. Which people he's talked about Boston. Mean no one wanted to move to Boston now really cost Boston was not a desirable city for most people to move to historically on an. When I graduated college back in the eighties a lot of my friends. Boston was on the list in a lot of my friends actually moved me they'd go to school in upstate New York. And they take a job in Boston John Hancock her you know one of the company on here you know in terms of being like eight a a major draw open for. Yet young people originally you go back into the the nineties and so forth in Boston wasn't one of those highly desirable cities curious now. It is today and so I think for Hartford. You sit there and say look this could be something. That starts getting us into that conversation insure low cost of living. It certainly be cheaper than Boston all and they could take over the airport he could do whatever you want you've got you know you've got all kinds of available office space and everything. That naughty TE in terms of economics and Mike issue with a it was could they recruit there. And then ocean state job lot marking their fortieth anniversary with warehouse and retail expansion or opening two new stores when Lyle couple new stores. One in Maine in one on Long Island as you mentioned there. And so they're continuing to grow out business I didn't realize they've been around for forty big facility in Rhode Island quonset. Big facility there and the expansion that they're going through here it's going to be about a 49 million dollar expansion at this point. 500000 square foot facility in quonset business they got when target Canada folded. Job lot bought the logistics equipment from target Canada for about ten cents on the dollar. Good deal feet get a it's who it. Well run company the other quonset facility it's gonna be expanded with that additional 500000 square feet will now be one point two million square feet that's a big facility. Who a lot of space up next will be joined by. Paul lo Monica from CNN money we're gonna have stock talk next from the financial exchange radio network. The financial exchange with Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten days is that financial exchange radio network. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out bank is offering in east savings account providing free online banking woody one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't logon to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from probate. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed dot com legal exchange show dot com. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age of 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you work hard but now it's time to find a successor the drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our and transactional oriented firms with a solid stable of young advisors who put your client's needs first and provide them with service and attention to which become accustomed if you're interested in talking with us please call me at 803934. Zeros one that's 803934001. Or visit us online at Armstrong. Advisory group dot com security's effort to securities America incorporated member SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called zero and is designed specifically to help landlords receiving and deposit their rent checks electronically as opposed to having to wait for the a leader bank right now if you are interested he the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that Tim and I never see upon the execution of their release and why wouldn't you wanna do that once it's set up you never have to make another change during the lease period zero and does a free service if you have an account with leader bank and if not they'll simply cost you a small monthly three call leader bank right now and 8776917900. That's 8776917900. Or go to rent dot com for more information member FDIC. Security suffered through securities America ain't members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. To vote on our daily poll question had financial exchange showed John come out while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. Well Monica from CNN money now joins us here to talk about. A Stockton finished off the week. Paul thank you for joining us. Thank you very much yet we're doing well both talk a little bit about Constellation Brands here can you talk a little bit about what you're seeing from them. Yeah that's the company that is nearing all time high they reported really solid earnings yesterday is the company that that. Most people know it being the guy US distributor of little beer call Cologne. And that. It's a good story because a lot of people bought shortly after the election before the inauguration the constellation would be in trouble because of its ties to Mexico all. Tough rhetoric from president trump about building a wall and you hire Paris but. This is you know good story because. No consolation to continue to do extremely well and be yourself have held up and they haven't been hurt at all even though we've done Tina. You know the peso weakening also which which might actually be good for. Talk a little bit about beer sales back in 2015. They spend a billion dollars buying a beer by the name of ballast point that I don't know a ton of people knew at that point. How much is that great into their ability to continue to grow beer sales. Yeah outback has been something that has helped that because the like a lot of other big beer companies who doesn't Leah. Was probably am I depression that they have we newly discovered that you know owning crappy year my clippers that we need to really increased growth that people. Are obviously still drinking a beer like color but why history course but. A lot of people also want these here craft Beers and key username my chips potentially is. Consolation just bought another company called funky Buddha on yeah I don't think people are expecting more growth ahead as a result because of the you know we've of micro version craft Beers that that constellation now you know trying to capture. Constellation also has a significant operations on. The spirit side so for me no liquor what what are we seeing on that side of things are they growing at the same raiders that something that is in noting that. Yeah that's an area that hasn't gone as well the Mondavi winery the inspector vodka a couple of other. Spirit the spirit as well they haven't done as well there appears really driving the story right but I think. You know investors are hopeful that you know they will turn things around on the spirit as well because that's another area of growth that. You a lot of companies that did not do well be archived at all. What's the what's the outlook for them is there anything that could potentially. I think you know if you do you actually have to any consumers session on a backlash either to something and it is quote unquote foreign like. Corona and the I don't see that the card that's got to be something that people will be. You worried about potentially into you know just in general you know would be yes. The growth in my clippers there's been so many acquisitions and so we need Beers can be argued to you have to wonder whether or not there's. A Bobble a few well liked it a little too frothy and not just like about. They had stopped at the top of the beer. Outstanding Paul thank you for the title catch the next week. Are you want you to Paul Monica from CNN money talked about Constellation Brands that ticker on them by the way is STZ. To good question. Is craft beer they fat. Totally affect at all I think it's what do you mean by fat yeah well here's it's it's gonna fade out users pet rocks were that. Yet this does not know bottom blue jeans worth that. This is not a fad but that doesn't mean that there hasn't been over to well. I think that the craft beer scene is going to continue to be something. That sticks around is because it puts at a higher quality product than what you get from what happens when the economy takes the tank would you like. How much more is a craft beer in case about 23 times. Yet that he's you'll see. But tell unusable Meehan that to me it's a bad sales of Mercedes go down when the economy tanks but that does mean Mercedes is due on. Is still around after this just it's a different person buying. Who who is behind this. Young club my dad is your dad buys you know. I got news appears stopped at trillium rating cannon yeah picked up a couple of four I mean I thought it was just young man now there's there's my as a young man. There's in his seventies or the young man there's hurries around here a world you know petroleum chuck mentions in the industry Ellsbury Charlton day got regional lining up an hour and a half and mine I have ever skied night every day doing a bunch of stuff I mean see when I go out with friends they drink very standard Beers in bite my wife likes beer I I don't drinks and I'm not a problem it's all I knows it. I don't see it tremendously among the older generation. As they do among the younger my kids straight lines practice remember Sam Adams was a craft beer yeah a lot of people in their fifties after Sam Adams and there's thirty years ago. You've been listening to the financial exchange with very chuck all week well. Thanks to tune in.
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