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Full Show 5.19.15

May 19, 2015|

Full Show 5.19.15 by The Financial Exchange

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

I. This is the financial exchange we've barely Armstrong. Sure streets stay on top of breaking business news and balloon how to manage your money to help you towards a more secure future he'd still play an Angel exchanged with the euros. Barry Armstrong. Hi everybody welcome to the financial exchange very Armstrong is Susan powers with you here on a rainy Tuesday. Welcome to the show welcome to the day. And welcome to week's survey air tech's number 68680. I have a question how often. We EU sees somebody in your driving down the highway. And Susan argue about pretty Susan powers Michael hosted. You've pretty long commute I do work would you not an hour and fifteen everyday one way one way with an hour into one night. And Tucker our producer what do you about 45 minutes yeah about 4045 minutes down from come from them so let me just ask you and in NASCAR audiences Weller tech's number 68680. How how often when you're driving on you know route 24 on route 95. How often do you see somebody. Texting while they're driving or emailing or the other otherwise distracted by their their cell phone that sparked. All the time in fact one guy I was following down once when he last night. He kept going into the left lane any going to the right lane some of these people Barry and I'm on the road a lot not even just driving in here but between different offices I'm I'm. On the road good for a activity physically Charlie what it 30000 mile a year ground easily easily. It's tit and not to the extent that I wanna have a sign me that I can just hold up. That says you know look at their road stupid put your phone that some right now it's not that there are more people using their phones in their cars is generational lately when you see this going on you can use say well it's almost the end it's talkers in Alger. Jose no it's not in as much as I'd like it out those felony it's kind of went across the board and now. I hesitate to ask you this incriminating I would never do myself personally if if if idyllic scenery out in not associated read the text message and tells theory to attack them back and I can do that would just speaking without touching. I see it aligned pattern of Utah. I see it all the time and what's even more frightening is I do see the younger kids who just got their license 1617 or eighteen. They are inexperienced drivers in the first place and now you add a phone today and texting inches on goodness. But it good it it's a big problem and up until now I had not been able to find any statistics. Related to this issue. Unity I always been curious because. I see it. Usually I'll be around and you know right to travel fair bet and you know I'll be doing in 65 miles an hour and I'm in the right hand lane. I'll see some guide to an 85. Blowing by me in the left in while he's both of athletes in peace he said and out a couple of emails. And I just shake my head and say that past to be causing a lot of accidents my supposition had always been in net. You know because how often are you driving around when there's a big fender Bender Kosher and you're stuck in traffic because some dope addicts. Right up. I wondered if it was if if if it was proliferating and the fact of the matter is we finally have stats on this topic let's share the stats because I think. This is scary the National Safety Council put out a report last year or T mean 2013 or one point two. Million accidents. 21%. Of them involve drivers talking on. He and held or hands free devices so as much as I say oh I have theory doing and Bluetooth and a driving. In additional. 6% or 341000. Accidents involved someone who is texting. You know at this reminds me of Jews you guys are too young to remember the IMF tells all the time you have lion all the yup cars he you'd you'd never had a seat they'll know while and there's a technology existing. That exists it's called self control. If it's I guess developed by tech company called Trans Union Trans Union and tech firm called self control. Will soon start selling a device that prevents a driver's cell phone from making or receiving phone calls or text messages. Win the vehicle is in drive do we need this is this is this the modern day seat belt. You know what area I'll tell you why my kids are only ten but when they start driving I'm sure the technology is going to be better. For a 120 box you bet on the put this in the car when my teenage kids this is that costs a 109 point nine dollars iTunes installed most of yeah I'll drive ID it disables phone calls from going out coming in any text messages going out. Are coming in you can use that moment in the emergency PO you'll be able to do that but it will disable it when you cars and. But it's not just kids and I mean I think now come to that conclusion it's. It's my guys my age Tucker there might be one or two people Yuri no absolute in you know like. I don't think it's based on sex I don't think it's based on race I don't think it's based on age I think this is just. We are so connected via. It's very difficult for us to put the cellphone down but now we know 27%. Of car accidents are caused because people are talking on the cell phone where people are texting while on yourself yeah Armenia. And then the latest thing with a mean blue two's been around for some years now but now. You see Bluetooth being a standard feature in the you know mud every scenario so you gotta set your Bluetooth you've got to pandora. SS three got navigation so you can score around that on your car yelled I mean it's not your phone's setting their B still messing with the car and everything so it's it's even more distract. Well it if it's clearly something that the technology exists today and this is the point of getting to and it and it. EV I I hate government intervention I hate the fact. That the government gets involved in tells us what we can drink and we can eat and how we should drive but the fact of the matter is. These cell phone accidents. Right but I just killing the purse that's on the cellphone right right. The air causing a major inconvenience to those of us who are on our homes that are driving on the audience. But they're killing people as well so. But is this something the manufacturers of the car could very easily. Disable all the cell phones in the vehicle we don't really want that right. You you you still want your GPS to work right you want your wife to be of the talk on the cell phone while you're driving you like your kids to be of these. So Heidi caddie get around it I don't know isn't a legislative issues this something where you need the government to come in. And say. Because the laws exist now right but nobody pulled over rate hike. I've never been pulled over for use an asylum yeah I've I have heard today a couple of months ago there was this sting operation in Westbury July and they had dozens of cars. Pulled over in the or kick in them all good protecting America. We're very enforcing an existing law that distracted driving it but I'm wondering if this doesn't become. This the modern DC. I'm wondering if that is car manufacturers can do this tomorrow Susan right they could somehow. Zone out the area around the driver's seat so that cell phone didn't. Yet that's technology does exist today it's just not in. Yeah we we talked about an article a couple of months ago. Where that type technology actually but that the whole distracted driver thing mean they're talking about putting building in here windshields so you can you. Last year against your instruments and you wind you can see you know years. Your really phone call who's calling it is on your winds were probably looking at not looking at their relatives you get distracted by your I think. We have a police officer who Texas 71 says I see it all the time has mapped out I have a dash board camera. To catch the distracted drivers will get you officer. And he. Because that is me eat it in order to stop it. You have to enforce the law the seatbelt law. But really now seat belts had become commonplace because such pain in the neck. Not to where president gaining noise and light that they went I went three drivers at the seatbelt it's an excellent volleys AC. And I make everyone I do too is it knowing is that he is ER. And make strap that I was of the generation and 72. It was 72 cutlass and you could open up the seat belt and cut the wires of the belt and that that's how. Resentful my generation was the seatbelt laws but now they're commonplace here I Wear seat in like we all. It just becomes compost I just wonder what the future of cell phones and texting and email news. While we are in our vehicles they're gonna dissent and err I mean you're talking about one and a half marine accidents in 2013. That were caught trying to distract from your phone at some. All the more reason for economists vehicles that's right knowing that detect may get text me man only they don't have it don't you movie can only give us it it it. I'd I'd just very curious about this topic I think we're living through. A period of time where this is all going to change now I don't know if it will be legislative. I don't know if they'll be change in in the in the rules. But I can tell you can't have 27%. Of our car accidents because because of cell phone use yeah. Very am driving the highway every day I almost get hit at least once per week by somebody whose texting while driving. Some of these driving drivers are doing seventy miles per hour plus I agree with you 978 my question always. Like how do we deal with us. From a societal standpoint. Do you. Just enforce the existing wallet does seem to be worked regularly to talk to the cops I I think a cop would tell you. It's damn near impossible. To enforce it I I I he's darned difficult to enforce the texting. Laws that exist. It's certainly on the highways and in this I see now he gets a little easier for you it is eight and in the app more I'd love to taught you about the talk dues me empty worker or cop. Yeah I'd love to get the opinion. Of a cop. You know state trooper who patrols. You know 95. And it sees these accidents all the time I'd love to know their perspective and maybe that's against that you get forced soccer somebody from an insurance company year cop that. That is an emergency responder. They'll tell you the severity of the accident that they even 27%. Of the accidents caused our costs due to distracted driving simply because of cellphone use. And in taxi. Great we're gonna talk about me company buying. Par pharma. For about eight billion dollars this is another example. A wide US taxes are too high corporate taxes were talking about we will be joined. By lives Hoffman from the Wall Street Journal she will give us of another lesson as if we need. As to why and a demonstration as to how. US corporate taxes are far too high and they're costing American jobs. Your home. Breaking financial news of financial exchange risk Barry Armstrong on the financial exchange radio that. Work but investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or -- -- bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from -- bank to learn more about the eighteen month CD with a one and a quarter percent -- call 8776917900. 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The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Security topic is pretty American member of an SIPC advisory services up with the securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your quote a tax expert for any tax lead concerns. This isn't powers and I'm joined today by estate planning attorney Todd black ski. Aloft permit could singing talent with your legally changed quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help seed here ask that if someone goes into a nursing. Todd can anything be done to save the liquid assets of an unmarried individual. Yeah there are some things now remember it's never as good as an advance planning but it's better than losing all the money and that's really the goal. In order or an individual who single to get on Medicaid. They have to have less than 2000 dollars and often times they won't they'll have you know few hundred pounds and that that they seemed over their lifetime. Well that bucket of money is there are the individual what and how to. Purchased one of these Medicaid annuities and please let me just throw a lot of reminder. That these annuities cannot be purchased prior to someone going into the nursing home case so don't let somebody tell you that they can donate an annuity today. It's a last minute planting technique. And once you buy this annuity lets me take two or 300000 dollars up access assets. And purchase the annuity that goes accessed assets are converted to an income stream so now you and us and have less than 2000 dollars of assets. Because big chunk of assets has now hanging out and incomes and a monthly check you'll receive. Over your life expectancy whatever your life expectancy is that a term of the annuity. The moment you buy that annuity you're now eligible for Medicaid annual stretch out the money make it last. Lot longer folks if you're single warm married in their feast with a nursing homes day. The air is something that can be done to save your assets last minute that you need some guidance. Collar rockets right now for the brain a guy from Cushing and Alan. Cleaning for procrastinators. 8668485699. And 8668. Or 85699. Helping cut through the financial BS needs PAU Barry Armstrong in the financial exchange on the financial exchange radio network. And oh international PLC agreed to buy rival drugmaker. Par Pharmaceutical holdings incorporated last night for about eight billion dollars this is the latest in a string of cross border. Mergers steering tax revenue a weight from the United States. Despite Washington's efforts. The writer. In the reporter on this story. Is Liz Hoffman from the Wall Street Journal and was joins us today on the financial exchange pilots. I glad to yet another inversion tax deal despite the president's efforts to stop this type activity tells what's going on here. So the call your country can do in this kind of cover first conversion come different. Tech and duke didn't versions accurate and about a Canadian company can't Paladin and ended up in Ireland I think Ellen yeah. They are coming back basically for second step. At this point it got to a Katherine to significantly lower than those US company. And make it to the big advantage from they're not looking for something that I communicate that the carbon which paid about 40% of its captains over the life. Couple years of its profit taxes. And beat percent to assistant painkiller and hiking float on it and you know Brett says it's found money. The other shareholders love something like this it's good for the stockholders. But it's bad to the America the rest of us who pay American taxes because we have to pay more taxes. Because these guys aren't paying any. That's certainly the argument from from some critics in the of that but but look into the Arafat has done what they think they can do which is to make. Sort of leaving a little bit harder. The couldn't do anything for the folks for the party left and and the Kathleen most people think that the latest. To access to some proper tax reform which which has not seem very likely. Well that's always been my argument right now I talked to Larry Kudlow about this repeatedly he's always maintained. I US corporate tax rates are too high we're 35%. What are corporate tax rates in Ireland. Dispatched related trauma care. There's certainly a lot lower muscular completely opaque 35 pick but there's certainly in a gap there. Yeah yeah how about Canada Canada's even lower the states. It is an acquittal. Or ERM. Is there any move afoot to lower US corporate taxes. Look anything we don't probably have to be comprehensive and and liberators cup look a whole lot of political appetite for act hardly see it getting done. Heading into the presidential election either. A lot of moving pieces and and I'm going to politics to Linux tricky. How did the Par Pharmaceutical shareholders do they make some money on the steel. They did the privately owned a product introduction about a couple years ago and and and really improved the business about it for about two billion personally afraid. They can conspiracy to value that there. Larry well you know Liz I eat we need reporters like you bringing the stories to the forefront as the people pay attention this is. This is really an issue that voters need to weigh in on on the next election I think. At current list thank you very much rather lose Hoffman Wall Street Journal. Just another example right our taxes the corporations have to remember. Corporations are responsible to their share in the right is they don't worry about politics. They don't worry about the states they don't worry about American jobs right so this deal you're gonna have endo moving jobs. Offshore they gonna have that they're gonna reduce their tact I think the tax savings was about a 177. Million dollars a year. Just in taxi. By by making this little jester I don't know I don't buy you guys but I'll tell you watch. Something needs to be done about American corporate tax rate talk to your. Concede your your legislators about it because. Mrs. This is a story that we're just gonna continue to hear. But how can they stop it from even happening now these companies that median on the wire then it's an unfair advantage all US based company out said there these foreign companies are scooping these things happen and it lets us be tiny block it out in more revenue that's. They do made a hey let's go back to our question we'd do you talked about cellphone usage in the cars and many view. Are are Chiming in with stories that you see. As as it relates to these Tucker I'm hoping you can scroll through some of these and share some of these text messages with a 781 asks the question do cell phone Jammer to work. And they probably are not legal what they do work. What does the name of the insurance company you mention progress that right. They will actually I think either give it to you for free or they reduced the cost of your insurance if you put one of the cell phone Jammer in your car. I don't know that the cellphone jima area I think it's just tracking. Yours eat it the tracking how your driving if you're distracted driving it it is I don't know it's actually itself and humor you know it's tracking what you dealings so that where if you're not speeding. You're getting a discount on your rates you know if you are speeding you're not get that discount I don't appear actually penalize. From that as well. Text from the 97 aces almost killed last night when woman was yapping. On the phone and so these workers might lane because she was not paying attention so please disable one or Agassi the question nine. Write it in and here's Wendy here's a pilot from New Hampshire Baram a pilot of good dividing my attention but techsters do we call. Exceeding. Their eyes are looking away longer than anything. Boy I and will tell you what. The that that's true here's 978 says to they have a technology that keeps women under the age of forty from activating the ignition. So I. We're not leaving your car and I can't comment I just wanted to say and it might texting Nogueira weapons on the right now I would add that the prepared to think that time and I thought that was pretty good and yeah yeah yeah. Look at our phase out for us. UV she did say our fair shake like may have put Miami and the implied mandate. You know while driving. NUM I think you said nothing terminal there. And the world I I I will confess I I have. Brittany emailed this happens your your on 95. And it comes to a screeching halt right he says I'm going to be bumper to bumper traffic. For the next half hour what with automatic response. To get your phone you check the stock market right he resolve. Markets up markets down. Actor emails and respond to a few album you know Leo you only do ten mile an hour glance at the road it's okay right look at I even got it. I've seen guys I know people. That have it. And it's actually when they have pulled up on the steering will say that it's still see the road. That's dangerous ice or woman doing at last night and she was in one of those writings she was driving kids around. And she had that phone while. In front of the steering you're kidding me know enough. That they're the ones the MBTA driver he adds she accidental the bustle the bridge. They fired her social bar they they could she got fired for reading a text message it takes you the link of a football field. To read it text message to respond to one and that is how long think about outlines you do seven miles an hour. That's how awful how long you're gonna go out so what's an app and then a month and a lot can happen. They we are going to be talking about Wal-Mart Wal-Mart is going through a transformational or take a look at their stock. They talk about the company with the company's gonna look like. In a few years hope you'll stay with us this is the financial exchange with variances of. He broke with the financial exchange. Que. Download the mobile app by surging financial exchange in the iTunes or Google placed door from the financial exchange radio network. If your landlord pay attention it's the first of the month rent day tied chased down late payments and organize your files per trip to the bank now you can take back all that wasted time with something called the C rent leader banks in new product Z rent automatically deducts tenant rent and deposits it into the landlords account making rent a one less thing to worry about visit www. Zero rent dot net. Now to learn more no more checks or trips to the bank no more rent payments to lead or lost in the mail tenant pay nothing. And for the first six months it's free for landlords landlords go to www. Www. He rent dot net to learn more call 7816. Or 18691. Sign up her he rent that day and take that hassle out of grant date. Everybody this very strong and I'm joined today by estate planning attorney toddler law firm Cushing in dole in time for your legal exchange quick tip of the day. Were talking today about the different ways you can own rules and taught it wanted to ask you this one. What are the implications of transfer your hole he just take your hole and you give your children. In order to protect it from there are actually at somebody asked me yesterday sixty years old. In the heard about the thing transferring music like that here. Kind of makes my teeth that really you know GAAP putting your kid's name on anything while you're living is. Frightening with or without the light day a year question was interest it was. At least using a light the state does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. The following reasons one when you do that it's a completed it true you've lost all control over your order anymore. I worry about it it's going through a divorce and ex son in law the ex daughter and when your like. Number three is it viewed only you know I don't you've now subjected manager urges that Barry took their creditors and president. Necessarily have to be divorced does it could be a lawsuit is a day earlier and could be any creditor so they don't basically that creditor has the ability to get the asset to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't don't do that. Our rate I've got some advice. Or you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668. Horry. 5699. The guide will teach you all about the risks and rewards of real estate ownership. 03866. 8485699. Advanced estate planning has many benefits. Including avoiding probate passing your assets along to your bloodline protection from the nursing home in my favorite possibly eliminating the estate tax hike folks this is Barry Armstrong from the financial exchange each week taught about a partner with the law firm of Cushing handle and educate our listeners like telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits including helping you to not impoverish your spouse if you go into a nursing home Cushing and Dolan has put together a brand new guy top ten reasons to do estate planning call your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities up with the securities America pink member of an SIPC an advisory services -- securities America advisors and Gary Armstrong representative Armstrong advisory group Cushing and Elin and the securities America companies are unaffiliated hi this is very Armstrong from the financial exchange recently I'd been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I -- my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Following Barry Armstrong is good for your portfolio. Find him on Twitter Barry G Armstrong and this is the financial exchange radio network. Do we have any data on when cell phone are not so. When seatbelt laws went into effect to it when did you when did you become law. That you had to Wear your seatbelt then it became more and inconvenience to now. 198484. To I thought it was back in the sixties or seventies T Tucker would do fine you said. 68 was a federal law Persico yes federal law when it went into effect January 1 1968. But I think coaches requiring vehicles to have. Them yeah I'm not sure about wearing them. I think this'll end up falling on the manufacturers. Of cars I think there and he legislatures will say you know what. Enough leave leave leave where we're killing people. In I got an attack from 978 says a lady ran a stop sign and hit me on a motorcycle. Back in 1987 choose not on a cell phone but who's staring into the mere talking to your kids I mean that's. The Indy is just story after story after story you hear if you talk to a first responder. They'll tell you the same thing that you talk to somebody who's in the empty your cop the Italian. It be they would probably suggest that the percentage of auto accidents caused by cell phone uses. Its usage is higher than 27% now be my guess I'll show aren't. Irving you know what I'll tell you. The weight that I would put in their comments as heavy because we'll tell you why I Wear a seatbelt the time is daring drivers out of and then it was a guy and they made us do it. But even when they repealed it when he came back again. There was eighty a state trooper who came in and spoke to our drivers like classes that I have never unbuckled the dead person and ever since then I've won my seat now. So that's that let that be left Cincinnati almost half. In unity it's it's almost like even if it's in the back seat you you social aren't your awareness and I here's a trivia question for him. What was Jackie Kennedys made me you know the answer to that you can Texas tech's number 68680. You win a prize if you're the first one of the correct answer what was Jackie Kennedy's maiden name. All right let's talk Wal-Mart their shares are down today they're down caught three dollars. The at a slight miss all won their earnings and their revenue numbers do initiate tell us what with the number. Doors and talk about the company. Yep so their earnings came in and a dollar three per share analysts had expected a dollar five per share their international revenue really was what Kenny is impacting and because of the strengthening dollar get. They had revised their forecast of the impact of that TVT ten billion they've opted to fourteen million just for this year alone. They are there overall sales went down. On their comp store sales went up by only 1% they had expected up to be to be up by one and a half percent. Sam's Club stores you know the one pick up he went BJ's Costco they were up four tenths of 1% they'd expected one point 6% increase that. Total revenue was down just under 1% coming in at 114. When he billion if it was expected 116. Point two billion. Do you shop at Wal-Mart okay yeah I shot that I harsh today charged an idea that's hard and me. I was scorned at Christmas time with ours with a credit. You know not a toilet I I shop at Wal-Mart and they are going through. A transformation this company is going to change I'm not saying they're going to make that limits what they're going through as a company. They are finally bit after the ten years that's. To go they're finally Golan after Amazon. The they're finally. What they're doing is they're building major warehouse is that you'll see these will be. Off the highway they won't be designated as as Wal-Mart. Facilities. But they'll be huge Amazon type. Warehouses but in what they're going to do they're going to turn their stores in two delivery distribution centers and that is that's the strategy. That will play for a while because you think about. The thousands and thousands of stores around the united states of thousands of stores around the world Mexico they're they're they're all over the with their missing in and the reason they have not performed well as the stock is. You you can go on Amazon. In order something it's so easy and it's delivered in a couple days prices are better for the most part to. Well. You know that's where I think Wal-Mart has a competitive advantage. Over Amazon Wal-Mart has better pricing power deserve bigger retail rate than and is so when Wal-Mart goes to China to buy sneakers it goes to delta by computers or goes to anybody to buy in the Wal-Mart gets a better price why because of the largest retailer in the world right. It huge imploding couple million employees and they have 2.2 million simply if they it it is there a monster company ordered they have missed the boat. Is on technology at the new CEO him new technology people running this company. In what you will see if you see little blue trucks driving all over your community texting. Yeah. If they will be delivering. Goods to communities like curses you you have a Wal-Mart that's close but you're gonna wake up some morning. It's going to be raining out it's gonna be 5:30 in the morning music Allman ash. And anything in the fridge for dinner unity of the eagle on your app ordered dinner it'll be delivered during the day. In the reading there for you'd cook that night or you're gonna talk for years to realize oh my gosh. I need a need new TV that you don't have time to go to this store. In order in the morning before you go to work can be waiting for the time home from that's that means the transformation. That will be Wal-Mart now. Wall Street betting that it's the actress from Wall Street's and I'm not so sure about century and it rate here. While marchers down trading at about 77 dollars a share their 52 week highs ninety dollars a share but that in my opinion. Is the future for wall that is the way that they survive this because the experience of going into Wal-Mart store. It's. Horrible it's it's it's not a place piecing whole honey it's Saturday afternoon the sun's out let's go. Cricket is not so much it's a tough sell. It is an I have to say that this past Christmas is the first time he used Wal-Mart. Online TDs and Christmas shopping because I didn't want to go to the store is and I hat and I ended there because. Their prices online we're cheaper then what they found on Amazon. Exactly see that and that is a case of now imagine how much better it would be Susan. If you could go on line in order your Christmas presents are ordered the parrot genes position on things that are commodities you don't care yet you know Hillary by. If if your husband's an order hammered do you really care if it came from Home Depot or Wal-Mart. I he probably not me if you get a pie at Bagger Frito-Lay potato chips right. It doesn't matter whether it comes from Wal-Mart or whether comes from market basket the naturedly in the there's certain things that they should be you don't want them about it by my. Might work suits them right about him by my dress shoes at Wal-Mart. But it bike tires a slight case of KK cups from Amman I don't care secret affair for all that stuff. But and the advantage that Wal-Mart has over in the silent and thousands and thousands of distribution center. All over the country and naked just had these little blue trucks driving around your community deliverance that is the future for. They have to get in on that online growth area because last year. Online retail sales grew by double digits in the park and more stories were low single digits so they have to take it an act rent Home Depot reported this morning pretty good earnings Home Depot they are having a good day today they are of course the world's largest in. Improvement chain store buys fails they reported better than expected quarterly profit and sales really the only silver lining up a harsh winter that we all just endured. They raise their full year forecast to five point two all our. From five excuse me 5020%. This year to five dollars in 27. Comp store sales were up six point 1% the expense huge bite point 5% 6%. Scott and it that's your same store sales yes that is a huge massive improvement yet there income. Went up to one point 58 billion hammer one when he won a share into when he fourteen it was only one point three. Let me give you a stat that came out at 8:30 eastern time. In and hope you appreciate what's going on with Home Depot in to help you appreciate what's going on with lows. Housing starts in the month of April 28 point 2% we haven't seen that kind of housing number since 2007. Permit if you're skeptic in you saying okay yeah anybody can have one good month it was apparent that demand from junior programmer. I I I take that I I accept that argument but your permit application number. Was up 10%. So Lowe's Home Depot. We need AA just there's a lot of things happening right now that should give you pause. Optimism we've got a lot of pause for concern over the last seven years. Now there's a few things going right in this economy you've never hat. A really strong economic recovery without a recovery in housing. At the green and I think this is the sign that we're starting Ian housing recovery. Jackie Kennedy's maiden name of course was Bouvier des who knew the answer it was very nice thing to account for the night Canadian heritage. GM from king's Barrow through new and pick each problem and didn't say it with the chief Raymond or shine now which one do you like that I had amber and I liked the look of the shiny carry mug. But I put it in the dishwasher wasn't happy with how I came up in the water inside it that cheesy very much has not leaked. It is tried in trail that's my go to trial on. As much as it pains me to exit you credit meant. All right pay up next Simon Ericsson. Motley Fool joins us he's got not one but two stocks to talk about next on the financial exchange based. If since duck duck yeah rumor portfolio. It's the financial exchange with Barry Armstrong. It on the financial exchange radio network. A state an asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family with numerous types of trusts available I can understand your confusion when it comes to a state plane do you need a real vocal bull horn irrevocable trust what's the difference would that tax implications of each type of trust Cushing in Dolan an expert in elder law -- estate planning prepared a brand new guide called. 8668485699. You can also reduce and potentially eliminate your state taxes and protect your assets from the nursing home all at the same time read this free guide and get the answers to many of your state planning questions 8668485699. That number again is 8668485699. If you're thinking about retiring aiming in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one missionary thing come if you know when he optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes -- and leaving a leg as he for your spouse injured children there's so much to consider before you stop working and we've put together a 26 page or reach high aiming guide they can help 8688106. Port 22 you've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Or to kill. Securities operatives securities America -- number finreg SIPC an advisory services operative securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the price of a professional familiar with the laws in your state. Are you thinking about transferring your home your children in order to protect it from the nursing home. Eugene elevated you do you put it at risk for your children's creditors including future divorces. If you really wanna write a check tier performers on her daughter and my justified Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax money Allan. Right now the federal capital gains tax can be as high as 23 point 8% and that's in addition to your state taxes. There are better ways to own your real estate beckon protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Tucked up in a lot from at Cushing and Elena put together three new guy to their risk and rewards of real estate ownership. This creek I'd say the best read on your real estate com now for your copy at 866848. 5699. At 8668485699. Investors searching for relatively -- risk investment that can easily be converted into cash often turn to certificates of deposits -- CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 87769178900. Today or visit one of the leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage -- as 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without -- member at the rate effective November 4 2014. Leave this very good charts graphs and numbers all day just listen to. Us if the financial exchange we've battery. You Armstrong on the financial exchange radio network. I here's one more trivia question for you on what they. Did Jackie oh or Jack Kennedy died know the answer to that Texas it's X 86 it was the date of death. For Jackie Kennedy or text number is six ED 680 say it ain't so today risky food shops. Being sold Susan powers yes it can be purchased by 7-Eleven they're going to be adding 100 ET stories. Beat to death each means they're massive. Beat me at ten and a half thousand stores just in North America. 55000. Stores globally yeah I had delegated the largest. It's the largest food chain that out there. I'm not a company will say what the purchase price is going to be that the can ask each team and you're probably beating gains come bees for Whitney thank. Yet Cummings is the only the other large food chain it left beyond that'll be the next largest beyond 7-Eleven. Qaeda and meets aren't that into it to death he did in 1923 started telling yelling cheese out of his home in Rocklin. Grew that brought and that's Rockland mass at local company local guys started at a house and then he opened six that the market. On in 1946 old all of those to Stop & Shop and got back and eighteenth adding to me he got up on the Curtis compact and nineties he brought out a little peaches and then 2002. He bought August 24 that's why don't see any of those anymore and her out ASCII so being run by is Koreans now. Now will they remain to death skis or will they be converted to 7-Eleven still be converted to 7-Eleven stores and Huskies will be no more little known fact for you see isn't it asking this thing is actually granddaughter. And she's the Yankees are Grammy winner at it's unclear if one goal. They are our guest is with us now Simon Ericsson Motley Fool talking to us about two stocks by do is the first one hi Simon. You're. Tell us a little bit about by do these this is the eye as I understand it Chinese version of Google. That's exactly correct Chinese. Baidu the leading surgeons and try to urge you mention very ordered Google look there and it just got kind of a dominant competitive position they've got 200 million. Monthly users need. And they're actually bubble for about 42% of all yeah downloaded on mobile devices in China the justice staggering dominant market at a position. Now I can buy it for a 192. Dollars today. What do you think it might be worth. You know all I don't know three to five years from now is this another Google and 800 dollar behemoth. I think I think it was a lot more than seventy billion dollars to travel a look at today. There's stock market under analytical thought the art that this is you know. This is almost a winner take all registered we've got a double search engine beats in from Google is state. By noon you know are operationally. This is hitting the average been free whether Africa I think customers just steadily increasing numbers up about 14% year over year. And there really didn't have a good thing. Metric that I'm looking at right now that I that pick me pick the company's work a lot more. The biggest being they're focusing more transaction. So. As you know we're familiar with Google a lot of did you go to Google site search for web site redirect or else. But by Hewitt put a lot of money to mobile search. Which knows kind of your location your assertion streak like that. And it resulted in transaction. So making reservations at a at a restaurant or buying movie ticket spotlight out of these online all or transaction. And I think over the longer term. That pushes the cost per click. But appetite because mr. Baidu up and I think that just felt great games this optical forward. All right so BID use the symbol for your first stock the second stock is OLED. Universal Display Corp. is a fifty dollar stock. With this one all about. They are beautiful display it is creating organic light emitting dire. For the column all that is that the lighting element that Georgia consumer electronic device. You look at they've had your you every step on our floor vote the lighting elements that are our industry that are also in the apple won't. You know eucalyptus or display it is powered by Universal Display. And the real adjusting and about that when that but it got it's going to be bullets college. We being hit LG who these contract with your display. Kind of put a real push indicating that quite a delegate to what affordable for them out market for all let our GB. These indoor incredible you know you got it expired but is that India should. They're much more efficient as far as the color across a much more power efficient Q would you pick which he used to. I think there's a lot of catalyst for the stock because we're gonna start seeing all the devices. One of those pre Smartphone tablet apple watchers are TP WW journal which you know is really good for the sparkle forward. All right and is this a small company relatively speaking two billion dollar for it. That's right a lot of them what you know that nick what got stolen material adult I don't licensing agreements. How would the bigger producers of the invite select a ban on an LG than it actually. The only Indian and making them fight and try to contract with the your buddies are pitcher they're. Very good did you write about these stocks on the Motley Fool. We did these are actually book recommendations about people services their book rule breaker recommendation that idea what the cover our big at a Boca. All right Simon thank you very much for your time. Simon Ericsson Motley Fool by do Universal Display those of the two stocks Jackie Kennedy. Died on May nineteenth 1994. Are pretty sure she was in New York City when she died. They're quick reminder for one of our sponsors Cushing in Dolan. Is created a guide for the month of may it's called the mystifying the world of estate planning. A complete guide to understanding the most commonly utilized estate planning trusts. Boy is this ever helpful guide Susan powers. It is you know like but this one married in nine different types of trust that covers revoke of Erie and I knew I know we're not there weren't there I'd nine locally area that lets you must content but there's a ton of things that deeply concerned about. Public ankle begin got news you've got uncommon a pretty soon not been thinking about Darren law lover too but is an inherited trust it doesn't require. It happens sign a clean up. You can have this link to. Senior cast to protect from future divorces and control on the eve while good stuff hey if you had a copy of Cushing and old comprehensive. Fifteen page guide to demystify. All the different types of trusts that exists I didn't know there were nine different types of trusts up there. Call Cushing handle it hears their phone number toll free 8668485699. 03866848. 5699. That number again 8668485699. Periscope and near cat threatened teams hold on video feeds Tucker this is an article in today's globe about. Sports teams getting worried that. People are going to film the event and it showed on their phones. I need the budget crap the quality on these things is terrible he can't watch demon in your camera and Paris but not not to mention the person's home and yet I atlas. Not yet but me. We'll talk about act that's that's that's that's a story for another day. Hey I want to thank you for tuning into the financial exchange don't forget to like we are on FaceBook. It's back to school time and it's time for you to brush up on your education about estate planning did you know that from merry. Maybe paint unnecessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I had plenty of other people in my life that I'd rather give 100000 dollars to. Pushing it Dolan has put together a brand new guide called back to the basics. A guide to estate and asset protection planning call for your copy now at 8668485699. Don't lose your money to taxes call 8668485699. Back to the basics. A guide to estate and asset protection plan called for your copy now at 866. 8485699. Again that number 86684856. And 99. 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If you're thinking about retiring aiming in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when he optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injured children there's so much consider before you stop working and we've put together a 26 page or reach high aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't it make sense to get professional advice to make it last 8668106. Fort UTU. Securities offered through securities America ink number finreg as a PC an advisory services offered through securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated. 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According to a recent survey conducted by January at the average cost of nursing home care in Massachusetts is a 134000. Dollars per year how quickly would your assets be depleted if he had to write checks to the tune of 111000 dollars every month while it's certainly ideal to develop your asset protection plan in advance like tends to get in the way if you or a loved one are faced with an unexpected nursing home stay. You haven't done your cleaning before you write that check pick up the phone and get some expert advice. A lot firmer at Cushing in Dolan has put together a brain you guide for 2015. Called cleaning for procrastinators. You cannot put off this call any longer. Call right now to get your free guide and learn how to protect your assets 8668485699. Don't impoverished your spouse or use at your kids' inheritance call for your free procrastinate is guide right now at 866. 84856998668485699. This is the plane mentioned exchange we've Barry Armstrong. You're street stay on top of breaking business news and balloon how to manage your money to help you towards a more secure future he'd still play an Angel exchanged with the euros. Barry Armstrong. Good morning New England I wish I could give you a more robust report on what the markets are doing it. Check the markets are doing a whole heck of a lot today that ballot from your three point CS and it needs a new Outkast start to get expensive buy my book I paid 260 gallon for gas the other day in. It's down to gate 2.2 percent at 58 dollars and 86 cents. Where would we all love to see oil declined from fifty down in all fifty would that be great for the summer wondered do a lot of driving. Gold trading at about 1207 announced the Euro 111. In mortgage rates there are detected mortgage rates ten year treasury referred to of course. Is it 2.2. 6%. That's where we stand. As as we begin today's. Show. Our text number by the way is 68680. If you have any questions forest. What do we have on this on. On the docket so far will be joined by Matt Johnston I do not have an iPhone. I do not have a night. Watch yet the media when it so I down and waiting keyed by mainland I was I will have my take your anniversary this July seek to overturn Iowa. If Susan powers my cohost and I have a utopian anybody with the election I don't know anybody with the watcher is now as a cold I watcher of the apple watch I don't know I think I watch the ball looking at a young and hip you would know better. Absolutely we have a guy joining us he's attacked reporter as name's Matt Johnston you'll join us about ten minutes or so. He'll tell you what the the I watch is any good or not the apple like whenever you call it. Will get to the bottom and tell you whether you should run out and spend 500 bucks on a phone on a watch that's apple watchers out there like nine thanks. Iris let's talk about diaries. Will specifically Irene is if you inherit one from your spouse who passes and your wife dies her husband dies then we'd do would they are hiring. Typically Gary you're gonna roll it writing here own and I aircraft and but they are two circumstances in which you should not do that in the first one would be if your spouse was older than seven and a half they were forced to take out those required distributions every year if you are not yet seven Nina half. Then taking the IRA. Then you don't have to start taking those. MP team. Cut second situation is going to be if you are younger than 59 and a half in your spouse passes away the terrible story it is a terrible story but. If you keep it as an inherited IRA the 10% penalty would normally be charged if you took money on a year her own IRA before age 59 and a half. That will be waived because it is an inherited. I Iran now so those are really the two options only available for spouses if it's a non spouse you don't have a choice but it keep it as an inherited irate that. But think twice he gets amid by. Before you just roll it into your own account and got a really tough trivia question for you guys. What was the name of the high school that Jacqueline. Bin BA Kennedy went to show shoes Jackie movie at the time but what was the name of the high school that Jackie Kennedy. Attended and graduated from its of its famous school and if you think argument figured out our text number is 68680. Hooper. I don't know I I think this is one of their first mistakes that I've seen. Cooper is testing a 30%. Fee and what that means. Is Hoover is going to be charging their drivers. In wears San Diego and San Francisco gap only in those two markets in there only over tax drivers to those of the immature drivers that are using their own car you know they're testing out 30% haircut. I'm lies down. I think that gets rejected by the drivers I you know I've already hearing gripes. From the drivers had gotten emails I've gotten text messages saying. You know who were started off as a pretty good deal a few years ago and now I'm driving through Burma occupied make twelve bucks an hour. Yet in their typical haircut is twenty to 25%. For the rest of their work for now and they'll drop it down to as low as 20% if they're going into and you start up market and they need to get a lot of activity going. But what they're dealing with these wrecks drivers Barry is they aren't for the first twenty ride that someone in. They are taking a 30% Erica for the second when he rides. It is 825%. Haircut and after that. It's only 20% so what they're really trying to do is to encourage these drivers to be exclusive to who bar right now a lot of those drivers receive their Hoover drivers there are also lift drive closets and I looked at the haircut for lift why wouldn't you just go to work for left. Was in there are only doing it 20% this and it goes down it does so if you work more than thirty hours for them it's only 10% haircut. If York and fifty hours it's no hair cut although I'm not sure how lift. Makes any money in that situation. Well the you know the they're voters that if you're heavy performer. In estimate and money on the float on the credit card charge economy yet that'd be but very I mean there at the air good rest seems to be a better deal for the drivers. For the drivers certainly but I think that the popularity is with the far more data suggest India via let and they. They're doing more fares period yet both in and if you talk to people will be using the service will tie it. They're using over though. I'd seen board war where people are checking both you know they'll they'll see wouldn't work as a lot of times. It's busy liberals say well we're gonna charge you one and half times the normal there. Right or the weather's bad we're gonna charge you double the normal fare lift less likely to do that and taxis never did. So that's where the taxis when when they when delivers doing their search pricing people move over. And they use the limo services in and they used the lift service are these the tactics. In next surge pricing can be astronomical and I remember someone that works here they paid like fifty dollars to go to an event. That the air coming back was 400 dollar and they didn't expect to do that eating in check that I think it was the same thing it says it right on your final you know yeah and LP. Getting nabbed back. They now they are you know a little bit Nina at a cocktail o'clock tailored to afterwards of course they weren't looking at it but it was incredible how much more they pay going home. Because there's so many people looking for cap. Ranked there is a revised casino bill in Connecticut that calls for just one new casino. I'm looking at it and Susan it would seem that Connecticut wants to build an additional casino in either East Hartford or east Windsor. Yes so what there looking at now this is this shortened bill is it's really designed so they can expedite the process of building that casino in the Hartford area. They've you know park East Hartford is Windsor they'd both been maneuvering for the right to build this and of course foxwoods and no he gained would form a joint ventured operate the casino but this building shortened version is just to expedite that process because they are fearful that. The peak revenue which was in 2007 with about 430 million atlas peak in this State's shrinking its when he eighteen you're expecting that to be 189. Million in Springfield opens along with. Yonkers raceway in the aqueduct. So here's the problem that I think the Connecticut casinos have. You can putt one. In East Hartford now would be the logic would be to stop people. From driving from the Hartford area and not to Springfield. But if you build one in East Hartford what's it going to be for a facility in GM is building an 800 million dollar. International casino in Springfield it's gonna be open. In at Christmas of 2017. It's going to be a destination absolutely that is going to and it's a you build something. Small or dumb B he put it East Hartford a unit gets attraction. I'd I'd I just don't think you are who I beat the casino. Goal order today once more than just craps table and I think they want to see played in line out to dinner and hotel to stay out. I distilled C East Hartford. The Connecticut casinos and Jewish they can see egg or do we are overpopulated. With casinos in in my estimation. Are you the answer to our rock trivia question was miss porter's school. That is where Jackie Kennedy went to high school who knew the answer to that gene from. That project and should picket teach them all right. Up next. We're going to be talking to my good friend Matt Johnston from business insider he's gonna tell us what he thinks of the apple watch. More important to talk to Matt because he's actually got one. He's used it for the last five days or so he's gonna tell us what he thinks of the apple watch that's next on the financial expect. Including Barry in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange regular. Work as your financial advisor working your best interest or do they just wanna sell you high cost mutual fund or an annuity between now and may fourteenth we're giving you an opportunity to get back question answered call my office and will provide you with a free consultation that includes a comprehensive portfolio analysis that will show you what you are paying fees how much risk you're exposed to and most importantly are you receiving advice from fiduciary or are you working with the commission based sales person to book an appointment with one of my hand picked investment advisors please call 8668106422. In order to qualify for free portfolio check up you must have at least 500000 dollars of investor the last -- appointments must be scheduled within thirty days of this offer and appointments are non transferable the number to call 8668106422. Securities offered through securities America incorporated member NS IPC an advisory services offered through securities America advisors and Armstrong advisory group in the securities America companies are not affiliated. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Number and keep -- -- America by. An armed -- and their companies and -- expect -- -- and investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposit -- -- bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these guys every now is an ideal time to take advantage of this great opportunity from -- bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today off by a leader bank branch or call 8776917900. To learn more with the bank a step -- minimum deposit to open and -- annual percentage -- as 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without -- member at the secret effective November 4 2000. Hi I'm Ireland and appear worried about your character Loveland living alone like I was and you are reliable senior carry information. They call a place for mom. The nation's largest senior living referral service you'll get free information on the living. Alzheimer's care nursing home even important financial information. They had obviously brie or every play not just given meaning that. They Downey plays her which she could afford and it was magnet. Where now. Very confident she's and they helped every Doctor Who. Examined. So you're struggling to find reliable senior living information call plays from on this is a free service and you can ask them to help you. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time. Call now 804677530. 804677530. The news financial. And what it means you it's all right here on the financial exchange with the Barry Armstrong on the financial exchange radio network. Don't take my advice as a relates to the apple watcher I don't have one never worn one I don't know with the experiences like. Our guest however does have an apple watching you to tell us all about it Matt Johnson how aria. I'm good at. So give us your your take on the apple watch is it a home run to feel like it love it immediately. No they uphold runs because. Get a home run in when Leonard you know apple just entering the marketplace I think about it that and a U. K now what kind did you buy what and mark. Would lift would it what kind did you box. I've apple lot or. 42 millimeter. Green band. Yeah its it's the one of the cheaper ones leaving but but it clearly bigger screen and definitely the wild wreck. And how much did it cost now. 400 block 400. Meter mark and an expert. Now. What YDE sound like you you like it. In your article you say it's good for those who are using it bother exercising lie with what it was is it about exercise makes the phones work well. Apple worked really hard you make that bit distracting and this watch. Really give it and I think they get a good job I mean it's obviously been Packers they're picking up at it right now it. Really have a corner on it but apple is sort of tweak things. Whereas with that that your off contracting out and only that you take current day. Eight recommended and found in the apple lots cracked what it column move goal. Which kind of get cute it hit it calorie goal heard. So it tracks everything from exercising the gate exit Mort that gap. Trying to make you stand up all the time you're sitting down all the time the apple want the world and I'm the stand up now. So it has all of the really intently built him. And that split ballot one of the that being. Okay what about the the the phone function to use it as a phone. I hear it one. It may already twice I think I'm into yeah a couple of times he dropped. They do it because it was too are written on because we're the apple what worked up your ball knotted in and the device. And it was OK that volume of the little lull there a long way and I can't really be happy teacher that most people use the less they're really. What's the digital crown that you read about in your article. Yeah a lot more on that haven't been able to basically figure out how you're gonna operate. So you know a lot of previous mark on makers basically made green. Just like on the villiers wiping and it happened around this little kind watch space to get around. The operating. So apple saw that that would all like. And they came up with that which is. Basically bit miniature we'll on the side of the watch. And every time that anything is up or down and eat in the you can sprawl. On the green whether it's a very small. News article or a little bit options. Or something like that. More even Goodyear and distracting information you can use the crown. A little role I mean at the very simple we'll device. But it on at all but there of them button kind of like home button and I do know is it you that they owned it. Third Martyn Burke that I'll wait the whole. The problem getting around the green. Gal you know what do you expect it at it with a second generation phone be better than this. The secondary and watch yet it and why would answer yes and you know Apple's famous or. There second generation devices being usually. Of their first Perry and I don't find that it be to turn eat. Some people do but I expect. An expert and apple are much better. I'm the battery life will probably be better although it pretty good right now. Is it lasts all day for area. Or does it last all day. It's absolutely doubt it who aren't about it because there was a lot of hype going in that matter is going to be all you know I'm it. Really get so I wake up very early in the morning and I work out and I charges for minutes now. I come back equity and on the train commute into work around 7:30 in the morning and had a 100%. And by the Tamil about it night. Around. Akbar or whatever yeah. I it has its steepest I mean I only have gone but that car so. There would have been a lot more you and the court and I'm sitting around reading at all he. That would probably be different because it would drain it more but that's not what are his war. It's not force sitting around playing games not arm required to do though. Is it waterproof. Yes apple that it is waterproof or our great well it up to. Certain level not. And people of course have gotten crazy and at that it ticket wait deep underwater. It's generally water but you shouldn't take it in the cellar they tell you not think our. It seemed like based on test but being that it would be a not recommended this. And guy now Ari let's sounds like you liked it we appreciate your joining us today Matt thank you very much. Yeah it Matt Johnson business insider talk invest about the apple watcher I don't have one on order. Don't know if I'm gonna get when he. They just I just can't think of a compelling reason to get an apple. And to blind that this thing is this week too small for me now I mean I'm thinking about it but I have a watcher ready you know yeah. Right exactly at and a phone. But I don't know I'm curious about it I'll go check it out made a late night watchman who watches so I don't eat any batteries for its. Have got an important announcement. We are going to be joined by professor from Brandeis University Peter Petre. Where are we talking about the proposed trans Pacific partnership this is the one. That the president has worked out a deal on. And he's been criticized by Elizabeth Warren as a relates to the trans Pacific partnership professor Peter Petre. From Brandeis university's gonna talk to us about the terms of the deal and he'll give us an idea as to whether or not good for us were bad ass. Speaking of deals. That's in a fashion lab late or in tailors its at that that effort trying to get it. Pretty much so it Sina is the parent company of Dress Barn and lean brain they've announced that they're going to by the parent company. And Ian Taylor in the loft for two point 16 billion dollars. You know women's dress clothing has been really flat lining for quite awhile now so they're trying to boost now do you drop that in Taylor. I lavish generosity and Taylor yeah. I have shopped at the loft I shopped at. Pretty call it jet yeah there and Taylor and yet I would say it's definitely had Joseph A banks for winner. He can't get foresees herb block like lieutenant Joseph banks on a lucky at like three s's it's a pretty close it's pretty well. What is close I think less expense that you could buy a suit for how much tuner box on about. Yeah you can spend some down on it right yeah I mean it's probably a good suit that's gonna last long time mystery for an about the that's lately and we need a bigger side and you compare the same Gracie every you know one and we do you will notice that you're getting out of it thought it transport my orange suit twice in around that that would definitely being so. They are buying them they're trying to kick up the level Ian their revenues combined the two companies. Posted sales in 2014 of over seven billion dollars they have 5000 stores combined. It's really they're competing with those discount stores the ATMs that are out there where. By you know that where it twice yet thrown it away basically TJ Maxx the discount retailer that they really. They're really putting pressure on a lot of women's apparel stores and if they're not selling athletic Wear which is really the growing sector of that. The discount the clothing that they have there to keep in competition. And wonder how much they've been hurt by on line retail. And entail. I'm sure quite a bit although they'd I think that he you can get anything on the line with anti and a lot and I and I know her size you don't really need to go into the story yeah I've if you know how you heard. What's nice fit you at that particular story that you don't need ten depends on the item you might want triumphs and that'd mean if you're buying tie Easter. If you're buying shoes I would PT yeah on a debate in a buying clothes online personally shoes I can by nine my issues. I know my size with nine lastly I have and continue to order them online but closed not so much. Well we're sitting here and the market's been open for almost two hours I've got the Dow up 23 points. The S&P 500 is flat at 212910. Year treasury notes trading to 26 when we come back we're talking about. The trade pact that's next company to exchange. It's Barry Armstrong and the financial exchange on the financial exchange radio network. Investors searching for relatively low risk investment and it can easily be converted into cash often turn to certificates of deposit or CDs leader bank is currently offering an eighteen month CD with a impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917. 900 today or visit. One of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and earn annual percentage yield as 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings rate subject to change without notice member FDIC rate effective November 4 2014 Perry are strong here and I'm joined today by. Estate planning attorney Todd let's from the law firm of Cushing handle and with your financial exchange quick tip of the day were talking about the top ten reasons to have an estate plan. Thought let's talk about number four if you have a child that's not really responsible with money. Is there a way to protect them from themselves when the paired up talking about the spendthrift child you know the. And that you know my children via some of their money in their pocket they burn through it and I agree. You wanna protect them from their future creditors whatever they may be. Going forward I mean and give them an allowance as a postal lumps you know figure out how the money can be used interest rate him over time and endured in a way that. And trust can do that so that they're protecting them that themselves. From their own creditors and if you just at today what the estate tax exemption as high as it is we tend to be leaving more and more assets to our to our family. Because less is going to the government while we wanna make sure we leave it to them in a way that won't hurt. Keep them productive members of society so and and quite frankly. The biggest concern I have sometimes it is future divorces. I mean if you dump. You know half a million dollars in July your child's hands and they get a divorce five years after you're dead. They're gonna lose half that money on a good day. Put it that trust the trust does a lot more than just probate and avoid taxes these days it can really protect your assets or your children's from your children's creditors. That's reason number four for you'd have an state and call now and received his brand new guy from Cushing handle the top ten reasons to create an estate plan. 8668485699. That number again is 66. 848. 5699. Call now 866. 848 5699. Est in asset protection planning can be overwhelming word you start how do you know what type of his right for you hi this is very arms and I'd like to talk to you about the law firm at Cushing handle it in creating eight planes for folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion. When it comes down to the plan do you need to revoke mobile truck do you need an irrevocable trust and what's the difference you need an expert advice and they put it together free guide that will help you decide the best plain view is free guide the differences between rebel global. In irrevocable trust is yours for the call 8668485699. They can even show you how it's possible to eliminate your estate taxes I love that part call Cushing handle right now to get this free guide 8668485699866. Eight or eight. 569. Hi this is Barry Armstrong from financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that icy -- night television or even the ads frankly that I hear on the radio I like to buy gold from local institution that I try I owned gold and I'd buy in my gold coins from leader bank I walked right in to any leader bank branch and I can buy American Eagle gold points leader bank is a local bank. Branches in East Arlington Arlington Arlington Heights at Belmont Burlington and Central Square Cambridge and locally and buy your gold coins locally it just makes sense give liter bank a call and learn more about their gold coin programs 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and out. Do more than send some of the world of finance we're helping you to make some dollars as well as the financial exchange with Valerie Armstrong on the financial exchange radio network. The president is proposing. A trans Pacific partnership. Among the United States and eleven other countries. That would lower tariffs on imported cars from Japan. As part of a much broader agreement. To cut trade barriers and abide by a set of shared commercial rules. At the same time the United States could agree to reduce or eliminate its import tariffs on cars trucks and parts. In detained in ten years or less. We're joined today by professor Peter Petre he's a professor of international. Finance at Brandeis University. Thanks for joining us this morning professor. Good so can you tell us a lot of us haven't followed this team is so much news that that we're following and it a lot of Americans haven't paid much attention. To this car trade pact. Well that that part trade is that all part of that that is that would be historic agreement as you mentioned eleven countries. It'll and enabled the US a competed some of the world's fastest growing markets. And it's part of the president's plan to make sure that I don't think it is our strong. With the region that becoming a world economic matters so that are part is that it is all part of this. So what are the terms like how does this help the American economy professor. Well the way we benefit from trade is that we. Produce things that be do well and now than two large market and so for example we know that jobs involved in exporting B 18% more than. Job and in other industries. Also. Trade or the prices of goods sold for example the prices of automobiles might might drop a little bit of we'll talk about that later but just a little bit athletic piece is people that both the the top by which you get in wages and at the bottom line that is probably. Good you can buy with those which is because also lowers prices. We up by the way we estimated that these numbers would come up to 77. Billion dollars every year. Which sounds like a lot although you know at the US economy is most. The domestic economy that percentage wise it's not that epic. What what about job creation what would it do for domestic job creation. What insisted that this is hard. Part of it is what that does is it. Ought they'll poll how many jobs we have is much determined by. Comedy how big labor forces and how good are macroeconomic policy is to to what extent because picture that all Americans and put. What trade does is it shipped those jobs in two. We knew the best day strongest industries. And that what the United States are I think like services that Internet services. Agriculture in some cases advanced manufacturing. Of products electronic. Music. Movies so it's it's a lot of stop. You'd said the auto industry there have believed we needed it's not one of the release strongest. All American industry. But it's not terrible leader did we we produced a lot of person would do it pretty well but that they think that our our competition among outside. The idea is that then finally will be able to export our American cars I chevys and and Chrysler's and forwards to Japan and other places in Asia. Well that is part of and the agreement we haven't seen it yet it is likely to have unit. You measures by which the Japanese make sure that that their markets more open to our hearts it. Including the ones you mentioned. But the other part of it is that we will probably be able to export a lot of other things to Japan that they are now. Not buying from so. Yeah yeah you can look at. Trade agreements from the viewpoint of that single industry now take a cart issue by itself I noticed the word is. Obviously. Big carmakers and the auto unions law. Brought. Back is likely to be to who terrorists. We chart 2.5 percent. But they 2.5 percent more toward Japanese car then and it cost him. In ten years so. Nothing that happened quickly and it ultimately have very small number if you compare that for example the last happy year. You had variations. In the Japanese yen which also determined the price of Japanese art. By 5%. The old you know that barricade there be a change and who probably helped Japan a little. We're compete with the American industry of the war. But. You know it it is small part of the big adjustment toward and he can't be every day. Skeptics suggest that Japan might manipulate their currency to benefit themselves. That nobody really top issue and countries have from time to time. Using the currency manipulation to the value of their currency is to try to do their competitive edge. And it's something we should definitely deal with it. But. But there are mechanisms to deal with for example International Monetary Fund and G-20. The eating. Leaders of the big countries. Both have. We need to address that although they have done much and that. That's too bad but put this into trade deal is what many economists. Objective. Because if fact that it would be just to quote. That beta system maker debate very uncertain of what you can't create what you can't. And we know from history that what you what you really helped the trading system the effects are very bad for all countries it's a kind of negative. At fact. We have added in the 1930s. Well. Back to basic idea yet we should have a move to make sure that countries that manipulate their currency. But happy that part of trade agreement is the very very dangerous approach. Now a lot of Democrats. Are opposing this effort by the president including and especially Elizabeth Warren. Wire Democrats opposing the president on this trade pact. Well that. You know that. Bit hard for me to figure out. And that to be honest particularly surprised by. But Warren because she is the senator from Massachusetts do you have. All of those industries which are likely to benefit education. Services health care. Information technology. Belong in this state and so it is our leader figure actually has had a very specific legal. Aspect of the agreement which is upset about but on the whole I think you'd like it to be for the for the state. All right well professor we sure appreciate your time. Ali give back degrading this final exams. That I really appreciate that at the Specter. Thank you professor as professor. Peter Petre from. Brandeis University. This is a deal it's not done this this is something that's gonna kick around for quite awhile the well. The 2016. Will be able decided 2016 election. Will be decided. By just one thing I think I can figure with that one thing might be people look at pocketbook okay. And they have no memories so they're voting basically line how the economy luck in the a couple of months before. Actually go to Bible does it matter where the or Democrat to win the Euro. Liberal either way the current conservative. Republican like does it change based on your political. Across the board buried the economy is the number one concern for folks going into this next elections so. Republicans 89%. Think it's the economy independence 86%. And Democrats 85% so it's the number one issue for all parties across the board. Behind and I'll tell you the top four concerns for Ripa canyons. The economy's number one the way to government operates in Washington is number 285%. Terrorism is number 381%. And foreign affairs is number four it's 77%. For the damn I would have thought you would dissent immigration and there but it's not your right now and less you know incorporate terrorism and an immigration in one. You can make an argument that exposed to and I need yet but they're they're certainly separate issue arises. And for the Dan has its economy number one health care policy number two and wage income and wealth are distributed in the EU has never story. And the way government operates in Washington number four and in. For the independents number one economy number two is the way government operates in Washington number three is health care. And number four is terrorism so we vote in our pocket we do. And they're not gonna remember the past four years for an incumbent so if the economy's going well. The Democrats that they and if it's going poorly next summer. Nine apple a change of change of party in and I. We're gonna talk about when we return. How much Hillary Clinton has been getting paid for her speeches since 2014. That's our next topic on the financial change. Yet the market update hey number eight. The financial exchange in the financial exchange radio network. A state an asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family with numerous types of trusts available I can understand your confusion when it comes to a state -- Unita -- global or an irrevocable trust what's the difference would that tax implications of each type of trust Cushing and Dolan an expert in elder law and estate planning prepared a brand new guide called. 8668485699. 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This guide will teach you fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. Est in asset protection plan and can be overwhelming -- you start. How do you know what type of trust is right for you hi this is our air and I'd like to talk to you about the law firm Cushing handle it in creating the planes are folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion when it comes down to a state plan do you need to revoke Coble trust do you need an irrevocable trust and what's the difference you needs an expert advice and they put it together three guy that will help you decide the best plan we view this pre guide the differences between revoke global. And you're local trusts is yours for the asking call 8668. Or 85699. They can even show you how it's possible to eliminate your state tax law that part call Cushing handle right now to get this free guide 8668485699866. Eight or 8569. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits -- CD -- bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these guys every now as an ideal time to take advantage of -- great opportunity from -- bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917900. Today or visit one of the leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today by a leader bank branch or call 8776917900. To learn more with the -- a step ahead minimum deposit to open and -- annual percentage -- 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings -- subject to change without -- member at the rate effective November 4 2014. Making your Smartphone even smarter. Download our mobile lab by searching financial extreme show in nineteen toward the Google play store. This is the financial exchange radio network. Last name is Clinton. You make a lot of money given out speeches I just leave it at that but. Let's talk about just how much money the clintons are making with their speech efforts. Well last year bill he and Hillary combined mean 25 million would in speaking engagement. On that eleven point seven million was attributed to Hillary. The tech companies at that big market car. She need 3.2 million dollars speaking at company events last year. Crazy crazy money what did you say is like 300 grand effort what happens if she did a speech for each day for twenty minutes she spoke in she got paid 350. Lean. Million dollars now I'd been on the entity almost two hours and I'm gonna have to tie exaggerate or be a yeah I got a call at eBay and tell them I'll do it for 300 grand you know. And it's. It be India must it be almost two million bucks for her coming here and speak. With you for two hours so I think I warned that some. Big money he had is so a lot of big money and in the aid there was an eBay executive two months after she got paid 315. Million dollars 3151000. Dollars. Had a fund raiser at his home car no kidding about this Avery do we know they didn't it was the end of may I'd rather than halo. That was an on their fundraising decks three and a lot of big tech companies and that with them now Cisco Qualcomm there's Biotech trade groups that are doing it. Surprisingly. Now Hillary gets prices much is built for these yanks are. You know if she's our next president. Well it depends if we have a good economy next suggest that made it. REK I I have someone talked about stocks the stock market. You know for a living what I do when I get off the air as I buy stocks and bonds and exchange traded funds and many of view. Have sent to meet with you I'd like to get involved in investing in stocks and I don't know how to do general you know bit to open up a broker to counter. Like how to live by individual stocks well I've created a guy it's an introduction guide. Two stocks and how to Biden and how to price them. How to evaluate them now I will tell you. There's no foolproof method of buying stocks in making sure. That they always go up and guys now are fact I've bought stocks and they've been dogs and it had to sell them because I lost money. However if you're looking for an educational guide that will teach you how to be a better stock investor talks to you about things like diversification. Dollar cost averaging. Initial public offerings the different types of stocks that you can buy. Different story so our resource sources resource. Sources. That you can use in if you wanna do research let's say you're trying to figure out gee should I be buying shares of staples and their local company. While the research resources that I listed this guy and I think you'll find to be very helpful if you like a copy of this guide call toll free 866. 8106422. At 866. 8106422. It's a guide to investing in stocks in your free of charge simply by calling toll free 866. 8106422. Let's talk about. Susan we've talked about stocks and we probably spent too much time on this. Let's talk about municipal. Bonds because this is an area of investing where you're not competing with the institutional investor for the most part. Up for the most part in on I think we need to give a quick lesson on bonds and the impact did. They have when interest rates go up so bonds and interest rates and an inverse relationship. Rates go up the value of your bonds goes down yeah. Any dependent on the duration the interest rates sensitivity of that bond. How much you could possibly lose when interest rates go up that's why we're trying to right Philly. From that that event that we know is coming up get our crystal ball to say when those rates are going up. Muni bonds on the other hand have a little bit different impact and that. There dared they tend to be much longer term for so long adoration so that they have a bond as the duration of if interest rates go up by one person you could lose 10% a year principle that in this bond act you're duration risk and that's for every 1% increase in non. Muni bonds have higher. Rate now you go out the Fergie got hired into a tree that has been very attractive to bond investors now. When you're looking at a low industry environment that he can go out and buying a long term Muni bond and maybe get three or four pursue our. And you need to be really careful way in all of these bonds because as soon as those interest rates start to come out. It's gonna be baked into the prices and they're gonna drop pretty quick so. How do you minimize the risk that you're taking with those funds and then made eagle little bit shorter duration of the stock market collapses. In these bonds tend to give these that a term bonds do well people are looking for safe haven if the market goes down 20% were of people go they sell their stocks and and they go into bonds they go into bonds are going to as long term bonds are going into the treasuries so. The longer the duration higher the risk with interest rates need be considered doing some short term bonds that have lowered to reach him risks of the stock market tanks these are panic you know the short term bonds and a pop up that they'll likely hold their value intermediate term which is five to twelve year range. They're gonna fluctuates somewhat and certainly not as much as those longer term bonds that consider the crease and mystery in the interest rate risk mother is fun than their benefits you know. Their federal tax free if they're issued by the state you live into the big lead there state income factory. So but you get to be careful in default look at Puerto Rico a lot of those fundamental Chicago. Yet Chicago is well there they are right on the heels of it as well as having issues so. Insured bonds are always a good weed out those insured Muni bonds he don't have their risk you know Puerto Rico defaulting on your both let's talk about interest. So busy you know I've got the ten year treasury to 25 right now I think the German ten year treasuries maybe 75 basis points. In the consensus is that interest rates are gonna go right I was talking to our investment department this morning. You know I was there are saying well you know we think interest rates even if they wait till the next year we figured start to go with I think interest rate increases are extremely. Lee limited. You know the because the common theory is that interest rates will go up in order to depress inflation we haven't in right. But if we did I'll I'll I'll grant you there's a possibility. That we're going to have inflation going forward. But remember there are two levers that the government has for depressing inflation. We only think of 1981. We think of Paul Volcker we think of 18% rate when it the government to back in nineteen knees to depress interest rates they raised interest rates injured after it there it depressed inflation. They raised interest rates and interest rates gosh I tie still. Run into people that you were buying homes in the 1980s with thirteen and 14% mortgage rate is. I bought homes wood 9% mortgage rates on them. Back in in the late night it was a great race you're slightly well nine and a half percent. Is a bargain. I don't think you're gonna see five and 10% interest rate hikes. Because there's another lever that the government has they can raise taxes yes they again and I'll tell you what I see coming. I think you're gonna see in the United States much like you see in other parts of the developed world. A value added tax a national sales tax. That'll be invoked on all services on all products. I think that's with the government does to combat the next round of inflation. Not much higher in the way of interest rates interest rates stay low. Taxes go up that's my forecast from the financial exchange Ellen thank you heard tuning into the financial exchange today. Don't forget to take a look at us on FaceBook we are the financial exchange on placement.