Sep 8, 2015|
Full Show 9-8-15 by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
I. This is the financial exchange we Barry Armstrong. Sure streets stay on top of breaking business news and learn how to manage your money to help you towards a more secure future. And now broadcasting live from the insurer mentioned John John studios it's the financial exchange with your host. Barry Armstrong. And trucks not a joins me today it is the Tuesday after Labor Day and welcome back if he took the summer off and you look at your portfolio and you might say holy cow what happened since July 4 he answered trapped would be nothing good. Yet it this is definitely one of those years that if you took the sell in May and go away advice now. Yeah in decent shape right now you said OK I sold out the high right about may nineteenth and I came back today. We'll give me but. A battle he can't always predict that. Well Andy time to come back according to sell on main goal is what October you wait for the October crack exactly so we're still not even there. But when you look at where we stand today. Both majors he still off about 10% from their highs the Dow off about eleven allies in peel off about eight and a half I believe right now from their highs so. You're still seeing markets that have some room potentially. To go down a little further here as well as I think that depending on we get out of the Federal Reserve that's next week we're going to be getting that information. Very cures he what they're doing just because and again I've been outspoken proponent of the last several weeks now that they should be going in September. Very very curious to see. Now if they Goebel what they say about it with that what they start to guide in terms of the pace of rate hikes I wanna know they give any guidance there as far as that's concerned. I asked the Fed insider this morning I have not heard back from them but I asked him if we might see. The Kudlow solution which is 18 of a point in time which I saw published over the weekend by the way. Did you ever Larry published zone article on CNBC that Seneca and and he he jumped at it yet he took his own article the nerve of that guy. It's a great idea in the in my opinion I think. Here's the they're probably haven't talked I think it's splitting the baby. It it may be but you know what they got so much you're looking at this from a domestic perspective and you're saying hey. The United States needs to raise interest rates we should do it because we're the strongest country in the world that we can afford to do it. That the matter is we raise interest rates that wreaks Havoc with European track I was looking at some China a little numbers mean the money. Leaving China in a hurry. Is is in the billions of dollars and talk about a hundred billion dollars in very short period of time a but he did just exit in China because of the way they're manipulating the currency while. And and here's one thing that did agree with Larry and I don't know I wouldn't. Take it to its ultimate conclusion here but he did say look back and we of the Bretton Woods system we had a much better system for international trade and that not trade but for monetary policy simply because it was a coordinated effort. To actually build stability because. Again if you just have countries that are going about this in the sense currency Warren isolated now it's it's it's much more difficult to build the type of international stability that you need. From an economic perspective especially. Because you much more integrated today if you of one country going off doing their own thing it's going to have more of a spill over then back in the fifties so. I think that trying to build some type of better coordination here now is going to be important as saying quote we don't wanna be dealing with currency works forever simply because. -- things to waste our time on like actually producing goods and building economies that we need. Let me set the table for your prime mate Chris Hudson from the Wall Street Journal will be joining us to talk about the housing sector there's some underlying data. Within housing that I think you're gonna find fascinating. And then Serra hobbled join us and talk to us about two stocks one of those stocks will include Disney so movement will be talking about Disney. In terms of setting the table. When the market closed on Friday the year to date the Dow was down about nine point 6%. So. Today market opens up in very positive territory. It seems truck is if there's a lot of resistance towards her against going much below 161000. Well I think there's there's definitely some resistance there and we've seen it really over the course of the last week or so where we've tested that 161000 level twice first on the first. Again on the fourth last Friday Soviet a couple of protests last week. We had gone below that level. Twice in the previous week and the 24 and 26. And so when you look at this right now that does appear to be somewhat of a support level that is building in there. In really based Donnelley technicals that the full support of probably a little bit below that okay. But this is something that if you continue to see bouncing off that that support is going to strengthen there. And so I think the next few weeks you can be pretty critical in determining where this next move is because you see another bounce off there. It really suggesting hey there may be something to this and you have some way somewhere to go if you see every day are entering two pretty rough months of the year September October. Notoriously September things the used to get Tobin adding now members is September historically has been the worst month now largely in part that's been caused by 2008 if you remember. But definitely all too well there. Definitely when you look at this the next few weeks are gonna be pretty critical in determining where the next leg is whether it's up or down. Jolts report really I look at all the economic data that's getting released during the course of the week I found the jolts report. To be the most interest the reason I like jolt is 88 when he tells you folks whose. How many people are quitting their jobs voluntarily yup how many job openings there are. In the end what I think is fascinating look at trapeze how many applicants there are for every job that is available. And if you look at that data point today vs where was in 2009. It's vastly different. Yeah if you go back to 2009 we had about six applicants for every job that were mailed between 68 depending on the metric that you were looking on depending on the skills rightly like it well this is just national it's just a bright idea but here are some jobs like you lose a low skill jobs there may be as many as twenty people applying for benefits high skilled job like let's say you're nuclear engineer. Now a lot of applicants for new. Here in junior now they don't they don't typically cut those in in a recession which is probably good as I but when you look at it today that number depending on the industry in the source that you're looking at anywhere between one happened to people when it happened to job applicants per opening much more competitive industry for opera companies to try to higher today than back then it's a much better situation. Four workers looking to make a change and we've seen a number of people. Who have made career changes this year they've seen these bumps in their salaries in two weeks. Well and it seems like it's the way you get a race today yet you don't like your vote your current employer may be resistant to giving you win a race let's say you work. Your store manager for the gap or urine nurse or your pattern lately it almost doesn't matter eagle by field right what sector you're in. And your current employer may be very resistant to giving you pay increase. So the thing you may have to do is quit your job and take another job. Which means your reply for that job while you're here you're still employed but we're seeing a lot more of that activity. Voluntary termination. Bush and look that's the best way to be going about it anyways it's always looking don't you know move on to the next bird before we you know while you're you know until you. You're you don't rather you don't start looking or you know you're not going out and finding that job while you don't have when you want to have that job enhanced they'll and so when you look at this those voluntary departures are really a sign of a healthy economy because there's two different ways you can leave look at either on your terms or your employer's terms. Any time you see people leaving on their terms it's a sign that the economy is getting more. Health Terry I just a quick review federal funds rate right now is between zero and point 25% the primary is 3.2 5%. The average. CD annual yield. Is about one point 45% I know that there'll be those of you who say oh no I can do better than that I'm just telling you. According to the Wall Street Journal with the averages are average thirty year mortgage rate is three point 888%. Averaged fifteen years of quite a spread track average fifteen year fixed rate mortgage is three point 07%. Yet. Dan instill. Buried I mean when you look at these you're still talking pretty close to historical lows we saw rates up out neo may be that. Third to a half percent lower last year but you're still within you know fifty basis points of historical lows here so when you look at that. And you know you start talking about what that means he's housing prices are still going to be pretty stable. And even if you start to see the Fed bumping up the short term rates. I don't think you can see a ton of movement on the back end in terms of mortgages. Well we're going to be talking about housing in the next thing you know I'll read the headline for why a strong thing. A stronger housing sector isn't boosting the US economy very much there's a reason for that. And we are going to be joined in the next segment. By Chris Hudson from the Wall Street Journal. The reason is not a good meaning that if it's not something that's positive for. All of us. We we are talking about. Individual homes verses condos and apartments. Chris Hudson from the Wall Street Journal will join us in the next segment to talk about the housing sector you are listening. To the financial exchange from the insurer match dot com studios. Barry Armstrong. On the financial exchange radio network. Mortgage rates are still at an all time low makes sense to take advantage of these rates will be your refinancing or buying a new moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive -- -- they're experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts they're the true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader bank for all your home buying a refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank dot com member of -- equal housing lender. Is the bull market about to end many analysts think so given the high degree of volatility that exist in the stock market right now and if they're right having a sound financial plan is bound to be one of the most important issues that you wanna be on top of hi this is very Armstrong I've been helping my listeners with their financial planning needs for years and I'd like to help you too if the current uncertainty on Wall Street make you uncomfortable give me a call at 8552710183. And all review your current portfolio for free that's 8552710183. The appointment will take about an hour but wouldn't you give up an hour of your day to help you make better informed decisions called me today and set up your free consultation 8552710183. That's 855271. 01. 83 securities are for your securities America incorporated member famous essay PC advisory services are for your securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Air air strike here and I'm joined today by estate planning attorney Todd lots. With your legal exchange quick tip of the day we're talking about the different ways owned real estate but I wanna talk about strictly rental properties commercial properties it's that. Work family house they have near Yale it's the three Stanley that he had near holy cross you know the properties that are over near Boston College rental properties sure how does one all those and still protect themselves the biggest problem with rental property as the risks of a lawsuit to slip and fall parties someone got hurt notre if you own your own name folks then they're gonna who use the property owner -- directly and it takes you directly. And that Angela after every asset you owning your own game your other vacation homes and home ever owned your commercial properties personally owned them in an LLC that the key I would set it up and some kind of a limited liability company throw in Aaron and even if you're liable only to lose is that one property. Yes let's play out the street when it's an it company like that in the lawsuit happened and they're gonna sue the company and not you personally and there's otherwise you could lose your your savings account you can lose your home he could lose your retirement accounts this way since they're suing the company that can only get what's inside that company I've got it and not any of your personal assets are always the way to go make sure you have the property protected and even and make street still have an umbrella coverage still very important to have umbrella insurance to provide enough that the creditor protection learn how to own real estate specifically we're talking about rental properties let's say you do on that two family house don't own it in your own personal name at least that's our place. Called Cushing and Dolan and get their new guide called the risks and rewards of real estate ownership their phone number is toll free 86684856998668485699. Phone call us free and that guide is very valuable 8668485699. Security suffered through securities America income member finreg SIPC and advisory services offered to securities America advisors and Gerry Armstrong represented at Armstrong advisory group in the securities American companies are unaffiliated. Follow along and endurance for the financially and Joan bush. Give up FaceBook dot com is that financial exchange this is the financial exchange or radio network. We're talking about housing. We're joined by Chris Hudson from the Wall Street Journal I don't press. Then what we're glad to you know we we keep reading stats about household formation and of course. Household formation was a terrible thing or terrible stat back in 200910. Even eleven but now we're getting household formation. If the housing sector doesn't seem to really be pulled us out of this economic Malays that we didn't for oh gosh seminary years. Yet yet and I think the main port of adequate and and good counsel formation as three quarter so that arguably evil Google is helpful. There aren't. Our record going into rental apartment rather than buying girl home. So that it helped to restrict new home construction. Which and again that takes away any sort of real boo that that might give the economy. Would. Why have we seen this big migration to the cities you know it just seems like the a young people today all want to live in town and you when I was a kid growing up is live in town for a while labeling your toe earlier 2526 and indeed move out to the suburbs and you'd wanna buy a house. We don't seem to be getting that rotation. Yep that we saw in the big question is how much longer. Acting. There's cited record among folks like you that the city that are. There's not a tremendous amount available hoping they're by retail obviously. With all the better or livable family. Be it apartment or or cognitive that there are a traditionally I see it one. The generation Generation Y. irked over. Which arguably has been a little bit deleting her earlier operation than what they're our children are one more state. And so then that. Com analyst bill believe they will start. Out proper word. Are. A little more how. It but. And that stroke. Are waiting longer erred in order to have children look up the. Chris when you look at the stats that are out there how much of this also asked do with the fact that we're seeing more and more baby boomers moving back to urban areas as well. And vacating the suburbs they're not going from suburb to suburb now they're moving back into apartments is well it seems. Yeah that the that the very real staff and I think that. You're getting more and more down on the cities are more cultural amenities more being. For people to do and younger younger generation and Joey that also you'll battery well I think. There's a buried fiber art history. It directly adjacent to downtown Dallas right here and it's very attractive to deal work out you know performing art better. Various museums. And whatnot and a lot of apartment on the machine going up this area so I think it is a nearby. You know amenities. Baby boomer in the that there's a little thirty years of living well are well over. Chris how many jobs are created. When a contractor Horry developer decides to build the single family house. About a bit and import equipment that the crux of what we've written about war. When he built up or how you'd be in mole would have struck out ball all the support. Realtors. Furniture seller scorcher. Manufacturer. Beat national portrait hole builders. Up that late that. Don't want been openly now we're three all time dog per year yen pair that like he jerked. One apartment you'd. Create. Or want all by improper here obviously the re re good look at it this big hole. It is that the fracture of one of the year currently not a lot. Of book that flight. What is really important to growth that gross domestic product for example it usually. Hurt contribute up 5% of GDP for the US. For the past few years that important or at least it's been down our record 1% because we over the what local. Chris when we look at a lot of the construction that's also happening in the multifamily area it seems to be an in this may just be in New England seems to be in that high and multifamily it's all of these luxury apartment buildings and so forth. And it just seems like. All the money that's going to rent there. Even if you do see eventually. That generation wide group wanting to move out to the suburbs they may not have the money because evolve the break that they're paying to all these luxury apartments that are going. Agree I agree on and read it has because. We are out in in general. We all I'd order of rental housing where early in the week a tremendous amount like Kirk lately he still look at every week they can agree. Earlier about two or cardinal net but there are so very they're so. That means with about what they can beat ripper up at a pretty rapid rate. That is of people argue that makes it even upper new people to save up for a down payment but Euro. We're I don't do well. How much do you worry about I I'm concerned about population growth we we like if you look at the birth rate. In the United States I think it's as low chuck is what what did you tell me it's as low as we've seen since the Great Depression. B you're looking that up last week. Yet the rates that we're seeing right now I think it's the lowest it's been since 3435. Somewhere that range it's it's the most eighty years. They are there. But I just think get a low birth rate has got to have a very negative effect on real estate development. I would it matter so would it go for your migration I don't. Think there are. Integrated into that you are. So well that I have to commend the man that well I don't think wherever he saw there. Middle. Or just cool then we're go more out of actually needed. But it is he would obviously they'll come here you know we only are building out even though we battled back. From the bottom. Roland go out. We get back in the global market which 2003. But we're still really. But you would think even what a low Mercury. Not people moving here. From outside that you. Asia Mexico and Europe to support more construction. Ginsburg it'll Chris thank you very much who oppose this article and have people take a look at we appreciate your time. That's Chris Hudson from the Wall Street Journal in both ditching their turkeys you're looking at. And he he beat. Number of jobs created just think about you see in your neighborhood a single family house being constructed. That's three full time jobs for years has just let's let's think about what goes into that yet landscape person electricians. Plumbers. You're unifil thing up with furniture right and he's like so many jobs get created from a single friend has seen a 31 single family house verses one and for content. Well and it really asked do within the reason that you see a lot of developers wanting to build multifamily now aid the demands there but beat. The reason for that is they get economies of scale because instead of needing to separate crews for this house in that house it's look we're gonna have a bunch of people and you can get it all into one big place you don't have to be dragging that equipment all around town are all open down in development it's just right there. And you haven't just Ankara for a day and carpet guy the electrician exactly and that in adults kids don't and they say look we'll give you discounts because scale and in answer you end up. Essentially not seen the job creation numbers there. For multifamily in the same way you do for single family. It's it it's fascinating bit I. The real question is the trend that I want sees you unity you're you're generation. It means they wanted to live in the city you wanted to live in the city that you had no desire to live in the suburbs. Do you ever see yourself migrating out of the city and Kansas you do yeah. I would say I'm probably you know two to three years away at this point. Somewhere in that ball parts of just because at some point look at you when have little and a little space to myself and everything I'm you know I would and a Condo that's not a generational thing where you sale I just wanna live in the city permanent there's some people who say that. Okay and that's their thing but it's it's no different from others get you know people from the baby boomers who have lived in cities all their lives you know you certainly are yeah I think there's more. In this generation just because it's all they've been accustomed to where is baby boomers who grew up in in and out because you saw a lot of the previous generation a lot of the depression generation. Did simply because they were packed in the you know my grandfathers great example eight kids grow up and a two bedroom apartment in the Bronx what he didn't want his kids to do that's the second they had a chance they moved up to the suburbs so you saw more baby boomers' growing up outside the suburbs whereas I think a lot more of in a millennial spent more time in cities actually you know I it's called the Bronx. I don't the Bronx used to be on farm in the Bronx that is and that's right to know that. You're listening to the financial exchange from the insurer match dot com studio. Making your Smartphone even smarter. Don't go mobile lab by surging financial exchange show in nineteen Jordan who. Who plays stores this is the financial exchange radio network. Hi this is very Armstrong -- if you own rental property you're gonna wanna hear about this exclusive program offered by leader bank it's called -- rent and it's designed specifically to help landlords receive and deposit their rent checks electronically as opposed to having to wait for the mail call leader bank right now if you're interested in -- -- the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and will help you avoid the hassle of waiting to get a check many landlords are suggesting that -- sign up for -- he rent upon the execution of their lease and why wouldn't you wanna do that once it's set up you never have to make another change during the lease period that he rant is a free service if you have an account with leader bank and if not it will simply cost to a small monthly -- call leader bank right now at eight. 8776917900. That's 8776917900. Or go to zero red dot com for more information member FDIC RR chart here and I'm joined today by estate planning attorney Todd lots from the law firm of Cushing and dole and with your legal exchange quick tip of the day. Todd we're talking about the different ways that you can own real estate one of the things that comes up is and I've seen this before people own their rules say in what's called the nominee realty trust. Obvious question is. Is that trust going to protect the home from real estate. And just as importantly will avoid probate when you die what your home in a nominee realty trust. Well let's protect a home from a nursing home most likely actually I can tell you it won't talk and most times you go to your real estate lawyer residential real estate lawyer and unfortunately put people in these why do you think. Don't know and it's not their fault they're just not in that business and so I think that they should always make sure you go to when estate planning attorney to get your trust work done OK and so in this case. One is not gonna protect it from the nursing home and show it may not even avoid probate folks if you have a nominee realty trust. Gold look at the schedule of beneficiaries and all that you'll find that it might sell your name yeah. They're not ideal mom and dad on their husband wife I see that answer so who wouldn't accomplish try to need to sleep in their own and we accomplished nothing that's exactly right it went right. Through the nominee realty trust. Write to them and and it's not even avoiding probate. And scary enough folks if you happen to pull that realty trust up in Stephen king's name as the beneficiaries. Then you gave it to them without even knowing it and you don't want that to happen make sure you figure out the right weight on your realistic. Learn the best way to old and protect your home your vacation property and your rental real estate. Call for Cushing and old brand new guide it's called the risks and rewards of real estate ownership. 8668485699. 8668485699. The guide is free and so is the phone call toll free. 8668485699. Is the bull market about to and many analysts think so given the high degree of volatility that exist in the stock market right now and if they're right having a sound financial plan is bound to be one of the most important issues that you wanna be on top hi this is very Armstrong I've been helping my listeners with their financial planning needs for years and I'd like to help you too if the current uncertainty on Wall Street makes you uncomfortable give me a call at 8552710183. And all review your current portfolio for free that's 85527101. 8552710183. That's 85527101. 83 securities are for your securities America incorporated member finreg SAP C and advisory services are printers securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities America companies are unaffiliated. Mortgage rates are still at an all time low and make sense to take advantage of these rates with your refinancing or buying a new moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates ask their experience staff about mortgage financing options and get a very competitive low term fixed rate for your home where the refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank Flint over one billion dollars last year to homeowners in the Commonwealth of Massachusetts there's the true experts and mortgage financing deal with a local bank today and call 8776917900. Or email Ed loans at leader bank dot com visit leader bank for all your home buying a refinancing needs 8776917. B 900 that's 8776917908776917900. Or visit leader bank. Dot com member of Jesse equal housing lender it's okay signs of your portfolio that matters. With the information you need the middle or right here on local and it's getting enough financial exchange radio network. 978 makes an interesting point regarding housing the younger and older folks gonna stay closer to the cities because there's more to do. Plus they don't wanna commuter deal with the cost of big homes. A lot of wasted no big home. Plus it's not green don't think it'll play you know what there is a lot of waste especially when the kids grow up. You know it and you get to that mid fifties age brighten your kids are grown. And they're gone and you saw it saying to yourself this is the dilemma that I seen a lot of my friends. Do we really need this they count the answers no we don't really need this week. Given the need do my parents that were they downsized by moving to a cheaper house in North Carolina was bigger than the one they actually came from some sit there I'm going what. Maybe maybe they're adopting some children they're getting into our poppy and a couple we enjoyed that you've got to be October 6 is adoption day pitchers. Thinking caps on because it is now time for trivia. What is the capital city of China and also serve. As the host of the 2008. Summer Olympic Games are tech's number is 68680 weekly trivia. Every day here on the financial exchange you are invited to play along with a and you might wean yourself a prize what is the capital city of China. And also served as the host of the 2008. Summer Olympic Games. And we're going to be doing country trivia for the next few weeks track. We're gonna do with starting with the largest country in the world than. Kind of working our way down that'll be fun when we get to the really small ones now yet twentieth it but twentieth countries still pretty big country. All I'm not talking twenty. Now I'm talking like once we get to like 200 all the right right right that's that's where I think it's going to be great where you start getting into an. You know you go down on this list where you say okay if we get down to where we're doing. A country like the Marshall Islands for 50000 people get out now we're talking in our violence are part of the United States anymore. No Marshall Islands not part of the US anymore or you get the original amusement and they -- it went well I believe they were territory now I don't know that they were never completely in the US but they might have been a territory one point or you get down to -- you know some of these some of the ones that are still territories even you know something like the Falklands or something yes that if you can get some real interest in place. It's strippers who posed dilemma. For the oil industry you know I had no idea that there are you don't say hundreds of its they're called strippers but we were talking about. Very small. Oil producers like there are. Oil pumps talker that produce as few as five gallons of boil it during the course of the day but there's still pumping additional operational. Yet it and that's what the term is it's not actually women in in towns and Odom and we're not actually talking with the women in oil towns but rather talking about. These oil wells that have been producing oil for so long that the vast majority of it has already been pulled out and as he's said. They're bringing out less than five barrels a day of oil and over 400000. Of them right in the US and if you say OK the average on in places you wouldn't think you know we're talking points upstate New York we were Pennsylvania we're talking you know illinois' Daniel places that are not known for oil production. But 400000 of these you figure each one just puts out one barrel a day. That's 400000 barrels of oil that's almost 5% of the US production right 3% of the US production rather so. When you look at this a lot of these small producers are saying. Look we need to start shattering these two we simply aren't making any money and there's a lot of pressure on them from the larger producers as well to start shattering them simply because the smaller wells. Are impacting the price at which the larger producers can sell oil to. What they can always reopened though what they're doing is they're capping them yup because I was shocked at how much it costs for for something that might give as little as five barrels a five gallons five gallons about talking a lot of they'll barrels barrels barrels okay. So five barrels of oil per day. It you're going to be spending upwards of a couple thousand bucks a month on water. And electricity to run these pumps yet it appears like these mini Jack pumps. That you see there not like you're. If you go out lefties or even California he does big. You know they look like grasshoppers yeah. These are miniature. Yet these these are maybe like seven or eight feet either not particularly large and if you look at the actual up production by these remember I've given you numbers if they were just producing one barrel a day yet they're producing more than that actual production from stripper wells. 11%. And US productions you're talking about what it's all going off line and nobody knows that it's the exact. Exactly so. This is it's being your kind of this this silent production that's been happening in the US but. These wells are still in operation and the thing that you're gonna seed keep in mind is one of the wells were drilled in shale or what horizontal drilling and so forth one of those wells are seeing quicker degradation in the amount of production at they have on a daily basis that you know typically in traditional drilling. You drill well you get standard production for about five to seven years. With these new wells they're drilling the shale wells and so forth. You're only getting Max production eighteen to 24 months why is that because there's so much more efficient at getting it out of the grill which it is just it's more the ot it's. It's more because of the way that the wells are drilled because of how the oil comes from the shale it simply. The vast majority of it comes out first and is this quick quick drop off in terms of what you see afterwards there. I I. Quick announcement on behalf of Boston soul who's one of our sponsors here. When it'll look out the window the sun is shining and chances are you are running your air conditioning wouldn't it be nice to have the sunshine. Pay your air conditioning bill I walked around my house that are if you do this truck or not but I'm always either turning it off for turning the temperature up all the time you don't wanna pay for that they'll get right. 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Throughout New England so for those of you listening to us in Connecticut western Massachusetts Vermont Rhode Island New Hampshire Maine or Massachusetts. Give us a call 8559799446. At 855. 9799. B 446. Were finally able now track to get more definition as to how many jobs are being lost. Due to be decreasing price of war and I don't want to get the wrong impression I'm not opposed to the decrease in price of oil but there are people on the losing side of that trade. Yeah and what we have seen here it's been about 86000. Jobs in the US. Have been cut to two are really in the energy sector since the price of oil started falling in October of last year if you remember. The price back in September of last year. We still upwards of eighty and ninety dollars a barrel really wasn't until October November it was a hundred in July yeah we really didn't see that dip until October or November and so. What we've seen the biggest oil layoffs that we've seen. Just in general slumber Jay 20000 jobs Baker Hughes thirteen thousand Halliburton twelve point 8000. And those are companies that are in the services straight day. They go out and they provide services to the big oil companies exactly who we talk about oilfield services that just guys who drive trucks around its ailment work on this I'm gonna you know make sure the rigs working. Oilfield services companies aren't. The companies that are really involved. In the drilling process when we talk about an example as the deep water horizon. You look at the companies that are involved there it wasn't just BP's rig BP obviously was older of the rig. But human operators and Transocean Halliburton I believe on there now they are all liable in the lawsuit exactly so it's not just one company they contract out a lot of the development work. And so when you seem rig counts following in the development of new wells slowing its these types of companies that really bear the brunt of and these are good jobs. Well these are jobs making. You know anywhere from eighty to 200000 dollars a year I mean you're talking. About guys and again I give the example of South Dakota where you guys living in their cars making a 150000. Dollars a year because they're war houses there it's not because they were bad jobs. It's just that there were not enough houses but remember the downside of these types of jobs that pay well when they're there. But they are more susceptible. To that to the winds of commodity markets that other jobs as we see here. And it could be a couple years you you're you're talking theoretically you get laid off in September of 2015. You could be out of worked for two years old and. And look I almost compared to you know if you are involved in. Oil. You know it's it's it's almost it's similar to being in the NFL and respecting that look you could have a very short career in the near out of work for couple years the work is dangerous it's you know year difference in the NFL you know coming back. Know exactly this bitterness I hear you did you know. I I I don't see oil prices staying at night I got the oil handle it 45. At 45 in perpetuity. I have no idea if we. At that you know I didn't see it going to 45 either so you know as far as as far as I'm concerned I'm the least reliable judge of energy prices where they're going to lighten the ballot yet nobody reporter asked that an hour. Very few people forecast that oil was gonna go to fall though no one almost no one. Insisting though when we but went to 38 within the last two weeks we bounce off of that thirty bottom we've bounced off pretty quickly acting god there's still some downside risk there. But you know again CNET 38 number I don't think units sit in the thirties for awhile but. I was wrong on this last year I could very well be wrong again. Hey that's part of the game they when we come back we'll give you the answer torture you question our text number 68680. Should you care to participate. It and coming up we will be joined by Sara hall from the Motley Fool she is too stocks for you that trucks and a doctor about. Grab your pen and paper you're listening to the financial exchange from the insurer match dot com studios. He worked hard to make your money. This is the show they can teach you how to make your money work through you he's the financial exchange with Barry Armstrong on the financial exchange radio network. Each week in the legal exchange Todd lets you update you on how to reduce your state Texas how to avoid probate and how to keep your assets in your bloodline that's great but what about the family behind your state plan what happens to your money if you get sick and going to a nursing home the answer is that it will be spent down in a hurry to the tune of 151000. Dollars per month at 180000. Dollars per year how Long Will your money last a few ending to a nursing home. Would your spouse of enough to live on if you did nothing to protect your assets the Medicaid rules change almost every year and the elder law experts attrition in Dolan have updated all of the pertinent facts and figures in their Tony fifteen Medicaid planning guide call now for your free copy an 8668485699. Cushing and dole and I've been helping families protect their restaurants for more than thirty years let them help your family. 86684856998668485699. That number again is 8668485699. 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And we're gonna talk about what they're doing and what they're making available to consumers. Eight OJ great very thanks for having me absolutely SBA loans and small business plain mean he's certainly a topic of our discussion right now right what can use the money for you can use really for any business need that will help your business expand new trucks improve new trucks view kitchen equipment remodeling re modeling you know expanding. Into new office computers computers servers whenever maybe eighteen and he uses a safety net for line of credit sure his fourth and those rainy day but you know he could do like credit yeah absolutely so you know we found a lot of professional services firms they won't have a line of credit because maybe tools lowering the winter sure. Managed cash flow payroll etc. so. Well we're offering is a special right now it's three point 99%. Fixed rate for four years yup there's no closing costs with loans up to 150000. Dollars could. 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What are that was Jason from bill Rick you're taking home one of our mugs today so congratulations Jason and we are not gonna take a look and turn over to stop talking and today we are joined by Sarah hope from the Motley Fool. Sarah thanks for coming on with us. It Sarah let's talk about we get a couple companies here the first one probably one that I don't know a lot of people heard of companies diplomat pharmacy with a ticker DP LOO. What makes them stand out from the crowd in this space. So tip my hat is a specialty pharmaceutical company and what's different about this company about it and it's a tiny pure play in the specialty pharmaceutical industry. I'm probably most what they're they're much more familiar with their larger competitors like Stevie act and Express Scripts and all greens but the difference here at that. Diplomat pharmacy focuses solely on pet specialty pharmaceutical business. Rather whereas a larger companies that kind of spread out across the map itself. And what's special about that specialty pharmaceuticals businesses that it sat marked impact the administration has prescription drug. It requires more PM follow up and it's more special handling and origin and means that you know cut our relationship there much stickier. And there it basically. A little bit higher mark in charge here and overall the company at the height earth and as the led by its founder and so we really liked the idea that. You can get in on this clever. Crying partner ES pharmaceutical industry. When you look at this company what exactly is there at their business profile on me today operating they have actual physical pharmacies as it all on line how'd they do business. But the great questions so. Because it most specialty pharmaceuticals are distributed through hospital or clinic locations actually you know coming in to get. In action there intravenous drugs or things like that. I'm. There's been very low footprint necessary for diplomat would certainly upped its cotton compared. You know retail pharmacies. That happened at historic all over the place. Also they have a lot more direct relationship with. Drug manufacturers and back and cut about that. Middleman distributor and just allows mean it get manufacturers get more cremation about patience and then. Of course diplomat has an easier time just providing the drug strictly you. Their patience and it when my number of that. Now when you look at a company like this and I'm I'm just gonna go to some of their metric here doesn't appear that there that profitable right now what is their outlook for growth over the next couple years. Or a bit. That they are appear they've been a pair play in and the specialty pharmaceutical business and 2005. And then and their revenue has her own about 63%. Per year election. Fantastic. We're looking at probably about 20% organic growth for the company over the next few years and it's. That's not even including. Potential acquisition and that you know. Potentially. Adding on some other drug you read it people product step. I mean that stock could potentially double over the next five years. OK very good and turning now to look at a company that I think people are probably. Much more familiar well that is that is Disney and Disney's been in the news quite a bit over the last. Really last month there's so the beginning of August taking a significant hit. I think people pretty concerned about cord cutting as well as some of their other legacy business is what is your outlook for Disney. I think. Hit a fact that it went from about I have about a 121 dollars per share it paid around one Tokyo. Not offering investors. Explore opportunity to get an honest. Pollack called blue chip business it. Basically. Disney. What happened that I think hit of that and their history in order vacated net that you at the end hat slightly lower. Action piece however. We have to remember that the Arctic just. Packing while not believe that careful expression that they're that they are knocking it out of the park. And and I'll there. Media businesses just uninspired though we've got app coming apparently is par or maybe. We've got every avenger movie is. Raking in tons and tons of its my strip talked about it viewed their product cute science. And then back to the park attendant does not spending enough in the park and and you park will open in Shanghai an early 26 keen for the businesses are just really going great and and and yet he and yes. Apparently court and has finally touched the leading sport cannot however that he has a plan in place Q I am slowly. More of the Internet in Q what we call over the top what you. Streaming on demand video but of course the company doesn't want to jump into that and and basically. And by the current business model I think it while under control and I think that market. Ears that are making a great opportunity for investors. All right we'll sir thanks for coming on with us today appreciate all the info. It that was their hope from the Motley Fool those companies if you do wanna take a look at him. First it was diplomat pharmaceuticals with a ticker DP LO sec always Disney with the ticker DI yeah. You know I'm down on this the end in its primarily due to ESPN you know what I don't like about ESPN's. If you go and you wanna read an article. And it's something you you really think all wanna read you click on it and they wanted to charge to Terry they have that in what is it called ESPN insider. Yet the insider have actually been a member really for the last nine or ten years I'm actually in the process and canceling it today though. Now they take it doesn't even get the same information I find. From something like I go to Yahoo! Sports now now that every night that's my go to app in I very rarely. This hideous because it seems invariably anytime I want something of substance in terms of and it's all behind that payroll so they had to pay wall and it it's it's nothing that I can't get for free. Somewhere else soul. I did the in and I don't watch ESPN BD guys watch ESP hello. I watched I watched sporting events on it but honestly the programming they have outside that is off to rest it's it is. It's pretty much become the TMC of of sports. It's it's just you know what would happen all of the field and the guys watched what used to be highlights and it turned into Iraq all right well do you think about Tim Tebow being cut you know what do you think it's like what are you doing that's that doesn't. The world have another patron scandal I just published that morning line that's why I'm canceling my subscription. They have another patriots scandal that they're doing aids 101000 were exposed and spike. I. Our area or listen thank you for tuning in to this hour of the financial exchange featuring chuck is not a and Barry Armstrong you're listening to us. From our lovely insurer match dot com studio. Each week in the legal exchange Todd lets you update you on how to reduce your state Texas how to avoid probate and how to keep your assets in your bloodline that's great but what about the family behind your estate plan what happened steer money if you get sick and going to a nursing home the answer is that it will be spent down in a hurry to the tune of 151000. Dollars per month at 180000. Dollars per year how Long Will your money last if you went into a nursing home. 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And now broadcasting live from the insurer mentioned John John studios it's the financial exchange with your host. Barry Armstrong. I'm joined by chuck Sonnen and afterward heard of this as foul back. Tuesday no we don't choose. 249. Points to the positive on the outs one half percent not about its. We've we've seen this funny at times just in the last couple weeks no but I tell you a week we hit that what was the bottom that we hit on the markets. You two this year. You know two weeks ago about 153 on the Dow about 1840. On the S&P eighteen. It's do we it and gets rupiah about eighteen. 1850 on the recipe you just as wanna hold those levels you know hits there in very temporarily and then bounces right back seats. Now it's only been two weeks sample that that that's my observation. Yeah crude oil trading down 3% today 4470. I don't know if we can read anything into that are not. And the ten year treasury note yielding two point when he percent you're holding steady at about 111. Europe really struggling with these migrant issues and you meet with they're going through sure sounds familiar but I mean they're they're basically got a a mass exodus from Lebanon and people streaming in Europe thousands. Yeah I mean there's a ton of people heading up there and they just don't have the ability to deal with that they don't have the infrastructure in place to you know essentially. Figure out eight what to do with he's been working on them where to put them and then be what's there there okay how do you make sure they're actually fit in not causing trouble and. While the the issue to track comes down to it's not like the European economies thrive. You Wear yellow tail we have a lot of jobs that are unfilled and great we've got some immigrant workers that we can use to. It is to fill the they don't know you know they they really don't especially with the police that they're going to it's not places that are. You know that that you don't have people that are going to where the jobs are and so it's he. If it's a mess we are mass we have talked in the past about the commodities market and you know we we talked about how weak. We don't know where oil rose going we don't know if it's gonna revisit the lows that it had I think thirty eight's the lol yeah we've seen on oil but you don't see gold trading at 1121. And I look at a company called Glenn core. And the British company and end. In that commodity space. How does one goal out. Identifying. A commodities company to purchase and in and is Glenn corps the one to put on your shopping is saying if you're an individual investor. You're an individual investor you're trader. You're thinking hey. You know oil can't stay at 44 in perpetuity gold can't stay in eleventh when he when you meet. You look at the losses on gold and silver this year yet I mean they've been tremendous. Now at some point. Everything finds itself a bottom and I'm wondering sometimes that bottom zero though you know it well look I'm not say piccolo or not I've as a matter fact on gold. I need a bomb bearish on gold but it like when you look at a company like Glenn core this was would do this this is the tattoo me now two or three years ago. Well look even if you go back just a year ago OK Glenn cores stock that is recently as a year ago. Was trading at about 371. Dollars or 371 pounds on the hill London exchange. Treat a 135. Okay sewage lost in the last year about 63% of its market app. When you're looking at mining companies urged any type of commodity producer whether it's mining. Oil whatever may be. First thing that need to look at in a time like this is what's their cash okay because and they survived yet she's certainly need to look at look what's their burglary because of these companies are burning cash more quickly than they're able to replenish it. Eagle guy and say okay this company as twelve months until they're out of cash this company has 24. Any need to figure out what year how much depth they have rights that that's going to be a big consideration debt fix it cash flows more important and decked is that you can always if you have decent cash we can restructure it and pushed up out in this and that. What I'm more concerned about is look what what's the actual cash flow we know what what do I have that moving around. Because that gives year time horizon for any pieces to work on if you say okay this company got six months of cash flow. But commodities are gonna stay low for twelve and well that's not one that I wanna be looking at. Otherwise you end up in what Glen course doing Glen cork not making money right now they are not profitable in this environment. If you look at a company like that what are they doing they scrapped the dividend they're selling assets and that's how they're gonna try to float themselves. For the next couple years while that can keep and they're trying to wait that bottom. While that can keep the stock price up in the short term. It's not a good strategy in the long run if you sell off fast because those dresses that look at what I played more for them at one point you thought those were productive and gonna grow your company you're not selling them because there you know who. It's like the guy who buys a place on the cape for 700000. Right. And then loses his job and has to sell for 500. Exactly exactly so first thing you need to look as look how much runway does this company have. From there you say okay. That's when you start getting an idea how levered are and how much exposure they have to one commodity over another gold vs aluminum vs platinum verses over really figure out what the breakdown is figure out what types new projects they have their pipeline it's not an easy thing to do this isn't something where you sit down for an afternoon and say. Optical giggling courted everything's ready to go everything looks to this is something. You wanna spend a weaker to making sure that you have all the details and all the knowledge to the last thing you want as you said a long investing in Glen court because this mine is under construction and all of a sudden. You realize the mine was canceled the day before world that doesn't do me any good. No it sure doesn't. Hey the pulp is coming to the United States on September 26 and 27 he's also going to Cuba when in the last time the poll. Any Pope went to Cuba. I'm trying to remember it's got to be. It's got to be jump all right I don't know I don't know this this popes from South America right. Yet in Brazil he's from Argentina Argentine Argentine it's got to be John Paul you know. I think it's got to be human that was probably back in which the 60s70s and I don't know. General he's been a long time since the Pope went to Cuba. Anyway the reason I bring it up if I take it back actually. Pope Benedict went 2012 did not at the studio much no. Let the the pope's coming to Philadelphia. And there selling tickets you buy tickets for ten dollars. On public transportation to get into the city but now they've come across people trying to scalp the tickets for forty hours and what's. Particularly funny about this whole scalping businesses that only about half of the 200000 tickets to get in have been sold. But people are still willing to pay forty even though there's ten dollar tickets available so if you are trying to go to Philly to see the Pope. You don't need to pay these scalpers right now yeah there are tickets available at ten dollars so. And this is going to be happening out the tickets went on sale July 20 so they've been on sale for about six weeks now. The site was overwhelmed initially actually slowed down which at that is why some of these scalpers spring op. And people have been ending up they've been spending four times what it cost actually goes. It's fascinating to observe. They the Big Apple meeting will be occurring tomorrow or actually while we are on the year. And we are going to be joined in a few minutes by Tim Stevens from CNET. Trying to get some inside information on what we can expect out of the apple me nobody really knows because they keep that's pretty secret. Yet the assumption is that it's going to be regarding the new iPhone as well as new apple TV but they always keep a few things close to the chest. Daddy beat the big event there. That I'm looking force that TV. And I think its interest in how they're rolling out this TV after they come out the apple music and I think. The response Tucker you subscribe to the Applebee's yeah I'm still on the three month trial of apple music do you find yourself using it say over pandora. Or whatever you're yeah I mean it at this point actually gave up on pandora just because of all the commercials and I think that apple music actually customize as well to my music needs it is apple can commercial for it. Yes it is I mean what you're paying 999. Maldives and he's done it for free though they gave you that ninety day trial right guys I must try for a month trial. Three muck. But that same center at one. That's. Why just the the the body is that they'll use the apple music. To push people over to apple TV that's are trying to get to the bottom. Yeah I think that'll be part of in his book continuing to see people more involved in streaming and a lot of streaming media that's going that direction too Patrick W strong. Candidate yeah I could be wrong but I think they're gonna go hard after Netflix tomorrow. Yeah I think they're gonna start their own streaming service and compete against Netflix is no barrier to entry. NL all you need is cash and they've got boatload and and who can get better pricing than apple on anything. Netflix was sixty million subscribers is pretty eager 45 notes subscribes pretty competitive how many customers is apple. I don't have the numbers for we talking desktop or mobile is this'll keep Mike is apple TV doesn't have particularly big installed base right so. Basically about like a lot of people watch Netflix on the phone right so. If you know how many how many people have apple pulled 7000080 million. The numbers yeah it's it's gonna be interesting to see that's that's interesting I hadn't heard much about that talk but will be cares just my speculation but yeah once president. Here's your second trivia question of the day. What is the name of the Chinese currency whose recent devaluation by the Chinese Government has had worldwide. Repercussions. 68680. Is our tech's number we play trivia every day here on the financial exchange. What is the name of the Chinese currency are tech's number is 68680 when we come back. Since Stevens. Is the united give us his insight as to the Big Apple day which occurs tomorrow you're listening to the financial exchange from the insurer match dot com studios. Financial news business news in what it means you all right here on the financial exchange with Barry Armstrong on financial extreme radio network. This is very Armstrong from the financial exchange there are many reasons to sell an investment it may have performed poorly or may have exceeded your expectations you may need to sell in order reallocate your portfolio or may make sense from a tax perspective before you sell you should be aware of the many tax considerations not only will that type of investment determine your tax rate but when you sell will also have an impact called the Armstrong advisory group right now to request our free guide to tax considerations when selling investments 8559821594. That's 8559821594. The call is free and so is a guide 8559821594. Dirty suffer through securities America incorporated members can rest IPC and advisory services offered through securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities American companies are unaffiliated representatives of securities America do not offer tax advice always seek the advice of a tax professional before making any changes to your investments. 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Is the bull market about to end many analysts think so given the high degree of volatility that exists in the stock market right now and if they -- right having a sound financial plan is bound to be one of the most important issues that you wanna be on top hi this is very Armstrong I'd been helping my listeners with their financial planning needs for years and I'd like to help you too if the current uncertainty on Wall Street makes you uncomfortable give me a call at 8552710183. And all review your current portfolio for free that's 8552710183. The appointment will take about an hour but wouldn't you give up an hour of your day to help you make better informed decisions called me today and set up your free consultation 8552710183. That's 85527101. 83 securities are for your securities America incorporated member thin rough essay PC advisory services are for your securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities America companies are unaffiliated. And they can use it to learn how they always work together. Is a financial exchange on the financial exchange radio network. The name of the Chinese currency is that you want spelled it YUA. And got the winner from that one was raped from New York Maine who was taking home one of our T shirts very good very good. Our guest is Tim Stephens from CNET he's gonna talk to us about apple hi Tim. Good morning what are we expecting to morally any surprises on the horizon from your perspective. Our expected a lot of stuff ultimately handle things and it means. Cutters unfortunately but probably in. The biggest most talked about certain movies and newer phones on the Libyan revolution of the car phones on the market now. Apple likes to be a bit of the year the year that you'll probably see faster processor. There are cameras. And ultimately mostly in the sport actually that's going to be a bulk of the phones. An annual cult forced I was in typical Russian vehicle and protect not only were your options in how are pressing. And it could lead and injustice and control options in the hope of over the over the look and act much like they do that is the calendar prosecutors. And then display. So what would you worked at this and when we're talking about. Really the expectation for what these changes due to Apple's bottom line. Is this expected to be a big cycle for the next iPhone I know that the iPhone six last year saw a huge numbers is this going to be something what is sales projections when it's all said and done. Typically be up you're still though little bit weaker than. The degenerate little bit much excitement of the models we don't see any. Concrete so projections ultimately this should be solved still difficult it was certainly a very good phone and that's. That's exciting for them but I think code word we got some big improvements instantly on the apple. He suspects. We are expecting that in your apple TV AppleTV he's been on the market now along come without any major update. And apple is expected to launch new version Comodo give us more gaming functionality on the news you know come border controller. Some kind of motion detection a couple of the Nintendo Wii console that you don't play games and it's easy and you'll be abused as accurate as well you can speak here. Ask was on TV and up by content pretty easily too. This is Apple's. That would want to get into the TV it was caught on now we expect in the actual television for them while I bet your but that's not going to happen and potentially Apple's let's step into the world of TV. And then expect mistreatment surfaced from apple sometime next. Now when when we looked at that apple TV it's it's been a product that. In an apple described as a hot it's been a niche product for them it's less than 5% of sales. What exactly is going to differentiate this money mentioned potentially turning and into little bit more Avaya. You know gaming system but what are they going to do to really try to drive more people into this product and if you historically bought it. Aren't different and it occurred recruit them and ultimately you'll adore more revenue comes by and sales. That's about it now. Regard but also you know people don't like even crosses into the service is trying to find what's on networks went on Amazon. Or do what's available in iTunes we're expecting that this commercial. Find someone of navigate your. Also all of these different services. Didn't simply ask for a given piece of carpet and it'll tell you exactly where you can find it and make it very you. Couric effect content that should make it easier than your typical Smart TV muted there should be a pretty long so important a lot of people out of the cost. A question of course it cost. Clinton think and operate well he's he's very expert involved on the dollar. If the new model is significantly more expensive that might make a little bit more difficult to become an you know that you ordered our price range right now that you're not that people wouldn't really like twice that violence and appointment TV that it became a cult. I think it'll do well what. So is that concept then or maybe it's already here we're will be able to operate a non apple device meaning it's not an apple TV. But we'll be of the use our iphones to operate our televisions. I've heard there's a pretty good as he will be able to beat you draw on them. Operate at least the apple you know what you can control the television itself that I don't think unfortunately about building drilled remote control for the content but I would be present they don't want some kind of an app for the while you talked your apple TV to give instructions. If you're confident you things up from your phone and playing on the TV I think that's not a market. Yet very good well thank you and we appreciate your time. Ted Stevens from CNET and of course we'll find out all this information to moral and will be reporting on it. All week Tucker anxiously awaiting the ability to purchases new foment. Our unit go to a story in and buy it in line talk earlier place. I'm gonna see what the updates are for this new generation of their really isn't difference from the current generation. And it's worth that price tag and I yeah I think they'll go to the store and terrorists iPhone. You know piece of junk I don't I get all dressed up for our part five. Yeah you can address up for the purchase you know. Dress up how what are tuxedo I don't know if there's subsidies for I don't think watching her interpretation you know late you've got the full sees that he shares redemption. I could do yeah some scandal. I Maryland last year when the this six came out. When you open the box the darn Fuld slid right out. In this poor guy he's nothing and this. Is in CNN he's so excited to get his old. Silly walks out of the store he opens it up. And also on the the pavement and shatters use the first customer walked out of the store at the Foner it allows first when they got two on and Astoria and at night when I got mine right I noticed the same thing. Like I happen to be standing on carpet in I didn't need it started to slide but didn't between united and how badly do. You spend all be furious 600 but yes. I that's what anything expensive I always open on a mattress isn't always protected. You always protected them both know I don't brother inking but I don't. That's. That's brilliant idea I I'd be curious to see how their full works because if you could have your phones. Operating let's say you have cable and you you operate your full year your your television. From your phone and be wonderful because you know how many times have you been watching to gain in a phone call comes in rate in need you yet to get up and find the remote. Pause the gain grabbed the full it was all on the same device in the great. Netflix has that but their technology is not very good I find that the when you're trying to watch television. Watch Netflix on your television. If it's often. A bad connection war how do you try to ID try to watch Netflix on TV Google Chrome cast I use the chrome castle on no problems that may it's probably use year. In my case usually is. When there's technology problems. That's usually where they're coming in there are also coming out. With the super sized iPad. Which. I am a little bit surprised. It just it seems like it's not really something in me just the size that they're talking about. You're you're potentially talking batting a couple inches to the size here and I don't know if that's. And a bootable and I don't know that demand is there. Well that's the other thing you think about why people who have gone to tablets they've gone to tablets because they're cheaper alternatives to computers to have a lot of the same functionality. If we're we're talking about doing this they're talking about building something that is costly as a laptop. But doesn't necessarily have all that same functionally does now have a full full keyboard it doesn't have. You know any you know any bells and whistles there can't really connect to a two and so. I don't know I look at it and I just say are they trying to solve a problem that isn't there and as such they wasting resources on this. Bullish on the bike by takeaways on bullish on apple TV. Not so bullish on the on the on the tablet idea. But very curious to see if they get into content the because that is. If they decide to get into the content business as they have now with that with apple news is out it's called apple music yeah yes it is a because think about their ability to influence. Your viewing habits right you're on your phone hundred times today 200 times today. I could see them do you streaming service I don't think they wanna get into producing their own content news rumors going around that they are I honestly. When I start to look at that I've seen as becoming a very saturated market very quickly and I think that you're conceived weakening margins in that area. Just because if and you remember couple weeks ago we talk about Netflix and how people are out of that Nielsen came up with a way to figure out what people are watching and found they are necessarily watching the network shows they're watching other shows from that. Its shares down again today by the way two and a half percent. Coming up we will be talking about Donald Trump. You're listening to the financial exchange from meet your match dot com studios. How big Barry Armstrong and the financial exchange on the financial exchange radio network. Mortgage rates are still at an all time low and make sense to take advantage of these rates when you're refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rate ask they're experienced staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts they're the true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader banks don't come and visit leader -- for all your home buying a refinancing needs 8776917. B 900 that's 8776917908776917900. Or visit leader bank dot com member -- -- equal housing lender. Barry Armstrong here from the financial exchange I'm joined today by Ryan Fitzsimmons whose sales manager Austin solar. And I'm curious Ryan as to why we are seeing so much solar being installed during the past few years I drive around Boston IC solar panels everywhere but we're seeing right now is we're kind of that's sweet spot within the Massachusetts solar market but we still have these giant incentives to do this you know tax credits covering 30% of the cost money from the state incentive programs covering. Good bounce for the rest and which scene until the toll prices going up or solar prices are coming and dramatic sort prices back in 1975 were about hundred dollars per watt of solar and now we're down to under a dollar. The crisis has level that's where we're seeing mature markets like Germany. So we have incredibly low cost while we still have. Massive incentives to do so because that we're kind of in the perfect storm perilously study that it is the same cost to create Solarz it is natural gas electricity. So today and then with chief factor in some of the environmental benefits of that so it can be even cheaper yeah. What about battery storage do we need to consider that one or installing solar thinks something. I think down the road batteries are becoming much cheaper there's a new thing by Elon Musk that's coming out it's all sold out being in next year's but that's still. Without it. Yeah huge incentives and then you can always add about a assistant on the route. Would you like to get a free analysis for your home or your business they'll come out Boston solar will come to your home. Or your business they'll look at your rooftop and they'll tell you. What it would cost to install a solar power system and with the benefits to you would be bill also explain the tax ramifications. Of installing solar and your home or your business call 8559799446. Today. That's 8559799446. On the big believer in solar. I've installed solar on two of my properties call Boston solar 8559799446. Each week and the legal exchange Todd lets you update you on how to reduce your state taxes how to avoid probate and how to keep your assets in your bloodline that's great but what about the family behind your state plan what happens to your money if you get sick and going to a nursing home the answer is that it will be spent down in a hurry to the tune of 151000. Dollars per month and 180000. Dollars per year how Long Will your money last a few and into a nursing home. 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Never been so I would no sir you haven't done. Nine yet this point and I'm planning and play and I'm working on and work our guest is Steve Robinson. From the Howie Carr show conservative. And we we bring Steve in for political issues that we don't understand and what I don't understand news. How. Donald Trump is gaining praise. From Paul Krugman and is that necessarily a good thing for Donald Trump. Yeah I don't think it's a good thing I think. Paul Krugman this is the same guy who you know in the ninety's is telling us that the Internet was gonna be no more relevant to the modern economies in the fax machine yes this is that this is the guy who's it was wrong. I'll walk right and so when he when he spreads on Donald Trump you know that's that the that the public's. What does heaping praise on him for the seems to be two issues that he saying that he's in favor of an and remember Paul Krug man. Is he he makes Nancy Pelosi look like it conservative I mean he's he's he's out there. Yeah yeah he's he's a left wing Princeton economist out put quotes around economist but the Princeton professor. Yeah the reason the reason why used praising Donald Trump is because trump has. Said that he's going to support policies that are. Anathema to conservative Republican base. In in the past don't trump has supported a single Payer health care system more recently says. Well you know it works and other countries but now and it won't work here to give kind of walked to answer that. But I think what what equipment is it in his trans Pacific partnership. And also taxes on hedge fund managers and. Right you exit Donald Trump has come out in the last week or two saying he wants to raise taxes which Republicans never did. Yeah I anybody yeah like that's part of your Credo is you shrink government and you reduce taxes. Donald Trump coming out saying you have an aid in via lately we're gonna have this flat tax but it's going to be graduated I mean. It it's just it's it sounds like something they Joseph Biden it's so gross. Norquist when Americans for Tax Reform has been very successful at. Getting making it the mainstream idea of the party that you don't raise taxes on anybody has the taxpayer protection play. Donald Trump is that it's a high profile enough candidate that he can buck that right and and in going after these hedge fund guys I mean. Who sympathetic with hedge fund guys and our economy who is who is you know concern about taxing hedge fund guys so I think it's a populist line that's resonating with the people he's gonna get support for from the left for. I think anybody. Who reads Krug man regularly anybody who us it is of his political bent. Thirty supporting Bernie Sanders and Bernie Sanders is it is you know he you want the tax on hedge funds what's next on everybody wants to keep 2% of your income yet. But this go back to Donald Trump wants to raise taxes on hedge funds. He also wants to create a trade war news by reason Terrance. Yeah that's. That's a that's a position of the Democrats it's a position of labor unions it's it's the opposite direction. Of the conservatives so I I guess it if if isn't it I mean imagine if mr. trump we're here right now he would sit there I don't wanna create a trade war I want to win the trade war we're already in a tree trying to killing suspects is telling us we need to on and make us the best we're gonna be your greatest but there's no substance but it is it resonates with people. And and I think that there are there are a lot of bought conservatives I mean you know that the majority of conservatives are not yet supporting his poll numbers are increasing but there are a lot of conservatives who were looking for a bit more substance. Something something behind Toyota Colbert I mean every element. Friday nights and who is that when he easy right once a week and yet I was strategy file comes out I think he writes and your rights and other places for national review online but he's been very critical Donald Trump and don't trumps at Daytona could even afford to buy pants. Well that was producers the only may be right I don't know I. It had not met John I I liked what he writes though I like as a conservative. It it it rings true to me yet and he's pointing out what I feel are some flaws in Donald Trump's campaign. Yeah and I think the that the biggest flaw for me as a conservative voter is. I consistency not looking for a candidate who has who has been consistently conservative so I know what to expect from them when they going to White House you know and I'm also looking for someone who can not just the win one election I'm looking for it was a great precedent big they've served two terms and then president elect him as of the same party that's my working definition of a great president like Ronald Reagan example as George Bush re rode in on his coattails and eighty yen as things are going so well. After his eight years in office despite. The Iran Contra scandal right George Bush won. Pretty well pretty bio wide market yet as I wrote in and so. I'm looking for Donald Trump not just win one election one and I'm kind of dial one on one candidate who's going to be held serve you know the yours and and we went real action. Hope all Trump's guy you know he's sixty some like it or with a presidency Nissan open so he sold fault has he still. Maintained his lead is he still climbing in polls that he had obvious in fact we we had a hole it just last week at Alec our show from. Iowa and it showed that he was he was winning ways Catholics he was winning Hispanics he was winning after being an Iowa. Only in I just just in Iowa but I mean it's it's an important state it the way our primary systems are not the system. And so he continues to grow in the polls and a sort of breaks and doesn't mean I think the story of this election so far is action against. Establishment politicians and kimbo out you know look at don't trump. Ben Carson Carly Fiorina they're capturing. You know maybe forty to 50% of the electorate and what poll you look at the Republican electorate you have many outsiders who were getting a lot of support. Does that continue. You know I don't see anything that's gonna slow to. Carly Fiorina she's got her spot at that at that you called big kids table for the CNN debate did so she's her numbers are likely to rise. Ben Carson I mean he's had some trouble rounds social issues he kind of makes himself a bigger target than needs to be so that that could hurt him but. I trumped by Carson is kinda the anti trump known. A typical candidates they're not opt out politicians. Kind of break the mold but Carson has a much better demeanor he's much he's much smoother about it he's very soft spoken and very atlas. Says it's all over in March do we know is that the typically Super Tuesday that the closing bell yeah I mean a few years and other than in the stock price. A few years ago you might said that but the rise of super pacs has allowed candidates to stay in the race much longer. And you know it they're they're less dependent on the momentum that you generate fuel partners and I saw this what Newt Gingrich Newt Gingrich a mouse that kept him afloat for very long time and so it's it's I mean I. Back in the early in the summer if you were told me that Lindsey Graham. I was still in the race George Pataki's Hillary's right. As Jim or drop out I don't even know you know so you know these people just aren't dropping out when you naturally you would expect that they are. I was feeling they've got some consultants whispering and carriers thing you know one more ad buy when I 5% at apple through the trek battle buddies that have a lot. That the console so mean that they cancel classes these candidates in the really there dollars. And so fine if I'd get a stake in the next at bat by that your point to make yet I can tell you. You drop to a close it close friends might but they're they're incredible pressure on these guys to keep their candidate in the race perverse incentive structure lecture. Yes very much so we'll see thank you very much thanks very much Steve Robinson from the how we car show joining us today. Did did you get struck in the same way truck by by green apartments peace there and he'd like some of the positions. That trump the state is very liberal positions. Well there are an end if I find it interesting because you have that there's so many people there's nothing alike. Trust trump I trust a bloodless I think you have to listen a little more closely to what he's saying because you raise taxes yet some positions out there that. Look at anyone could say OK raise taxes on these people because it's their fault but it wouldn't want to raise taxes on one group people's will and to raise taxes on a second so that's what you need to be careful of there's not just. You say OK well these people are the enemy well what's to stop the turnaround tomorrow saying when a European. There are drugs that can make you smarter all the 'cause son from the Atlantic. Is going to talk to us about a paper talking about drugs that they were used for kids that had a DD. Yeah that's that's what I corrected it's a lot of drugs along the lines of Ritalin and after all those types of drugs in new ones that are in development. That potentially people are not talking about using them simply as ways to be more productive at work and so force. Which will go talk about it some significant reservations about that just from cultural perspective but that's different he should in the medical issues would talk about drugs that can make you smarter in the next segment segment you're listening to the financial exchange from the insure a match dot com studios. You radio that can enrich your life and help your portfolio grow it. It's the financial exchange we Barry Armstrong on the financial exchange radio network. Each week in the legal exchange Todd lets you update you on how to reduce your state Texas how to avoid probate and how to keep your assets in your bloodline that's great but what about the family behind your state plan what happens to your money if you get sick and going to a nursing home the answer is that it will be spent down in a hurry to the tune of 151000. Dollars per month at 180000. Dollars per year how Long Will your money last -- -- -- into a nursing home where your spouse of enough to live on if you did nothing to protect your assets the Medicaid rules change almost every year and the elder law expert at -- in Dolan have updated all of the pertinent facts and figures in their Tony fifteen Medicaid planning guide call now for your free copy an 8668485699. Pushing in Dolan have been helping families protect their reticence for more than thirty years let them help your family. 86684856998668485699. That number again is 8668485699. 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Mortgage rates are still at an all time low and it makes sense to take advantage of these rates when your refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates ask -- experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts -- the true experts and mortgage financing deal with the local bank today and call 8776917900. Or email us -- loans at leader -- -- -- visit leader bank for all your home buying -- refinancing needs 8776917900. That's 8776917908776917. B 900 or visit leader banks dot com member of Jesse equal housing lender. Valerie Armstrong know who's playing. And it's your dream you know Barry Armstrong. Here for the financially getting a look financial exchange and you know work. Supposedly the Great Wall of China is the only man made structure that is visible from outer space. Richard from chick peas are winner take no more of our teachers today. All right our guest is older because on from the Atlantic. And we're talking about Smart drug titled. Good good I started hearing about this last week I don't know whose view that was writing about it but Smart drugs. You know I read about this probably ten years ago when my kids were in high school like kids were taking I think it was Ritalin. And they're using it as a method to help concentrate for their CT exams this hour talking about here. Other artists that Ritalin and one. Tight stimulant that that could be used as a sort of quote unquote. Smart trucker is used by some people. But it been one that was third at that prompted the article is is out of the new paper that came out telling a different drug called in the gap and now. Is and which don't indeed there is effective essentially as a Smart drug it was. You know I think and with Ritalin and things like that it Mort just sort of did a big it'll work and that they take it and sometimes it works in and it doesn't that this threat in the capital. Was actually and that and out there would be bureau in cancer targeted cancer. No correct me if I'm wrong older but this that the trials that we're done here. They need there weren't any long term trials and there haven't been any studies done on long term side effects is that correct. Yes that's cute though so it would and that an outfit but they looked at Daddy Party done. And you know dating finding health risks in this paper. But that's also because you know they're they're looking at things that that are very short term in and we we don't really know what at what would happen. It you to get every day there at elect. So what when we're talking about drugs like this. And obviously. The obvious way that people would potentially isn't as a cam wake up instead of drinking a cup of coffee I simply take one of these is that is that how would work essentially. Yeah I mean I don't know there's there's not really a format for how you how you would do better do it but some people could do that or you know they need you. Get a big project then they might take paid line or if they need to stay up all night for something. You know people like investment bankers and corporate lawyers. Might. Might be tempted to dude do something like that. So I guess my next question is this this meta and meta study that was done. What's the next step in terms of this kind of moving forward in seeing the development of more drugs like this. Look so it's complicated I mean they're not sure if state if Annie we're not here as a society whether we like to. More guys like that could be developed because these are technically drugs for healthy people. Which we don't really necessarily. Paid great now he usually doctors don't prescribes. Drug to people who don't have who aren't that. And though it you know it's not necessarily that there my be companies that are interested in developing these type name. Medications. But it not necessarily like a societal good that more than being developed. But the big thing that need to happen is ethylene testing done on safety for the people who do take these things op label. Right they exit the key used to it. Test something like this over ten year period of time it's with the effects are. Right exactly we we did we haven't done and I added it back then when that you'd cities that I've seen. That as at this specifically on helping people on the adapt and I vaccine narcolepsy and it's for people who follow up we've battery. Point today that they they looked at as healthy people who don't have that problem. And that's actually pretty bad pretty interesting. Paper I mean we we don't have a lot of cities like that either. Right right very good all right well thank you very much for joining us all appreciate your time. At older because on from the Atlantic you know when I was in college they called it speed. Eve eve who buys speed or bills and that was keep that to a slightly different. Wasn't. I think speed is speed slightly different route I think it's pretty intense yeah. That let people bid though Ira and I don't think speeds the same as this. You don't know I don't know what the differences makers all the speed to do is make you really jittery and keeping apple couldn't sleep at the two XP. And they and I remember kids in law school and in in college in general would take it before exams that they had an exam. On me and on Monday it takes beat on a Saturday night it's study all Saturday night try to get some sleep on Sunday night go and take these and then hopefully past. We have a mis speak it's a completely different speeds amphetamines you know and so this is completely completely different how would actually works and I guess I look at it and I say. What are we read it would that what's the point. Here's my question you know what what's what's the point when it's all said and done them is look we can all become productive and stay up as you know been worked sixteen hour days but. What do you do and you have to do something well the important drug in your body it's got to be do some bad. Always a sign aid is going to be there's there's they asked me some water side effect study hasn't done anything in terms of vita hasn't studied any of the long term effects here beat. Is that really the type society that you won't wherever it is working sixteen hours a day while the whole point of society's progress full. We're not out back this in mind please copy. But I think opposite I'd. And it really thought we should do whatever you want others like on on Tucker does Tucker only talkers like the second one in the office every day he makes the copy. Cells but it starts like in the why don't drink coffee you see what EE cigarettes there's a story about electronic cigarettes and kids teenagers. Are using it as a mechanism to smoke marijuana that's surprising idea I didn't know this until it's called. VP well let's let's tell everybody what it is because if you're old like me. Whitley and when I was a kid right in high school with people would do not me they would rolled joint of marijuana rate would be tobacco he put it in paper like rolling paper Kuerten in the news smoke. This is different than anything is different from smoke. In general the one constant is that kids will find anything out there and try to figure out a way to smoke so it's it's not entirely surprising. Com when you look at this pretty much what it is and and this is no different from how the east it works to begin with. You're not taking the actual marijuana plate taking oils waxes and so forth and putting it into this EC. And using that to essentially. You know vaporized the they're still burning march and we know they're pressing well Alina notes in your -- essentially it's it is creating vapor so there's notes the whole. The whole premise of the EC is it's not actual smoke break it's really just basically have been correct and so it's the same thing here. Now keep in mind that there's all kinds of other stuff and there that we have no idea what it does it's all these untested chemicals so. You know people say it's safer there's no smuggle it won't look there's all kinds of other stuff that you can't pronounce and how can you tell me it's say. Well no clue he used to be if you smoked marijuana rate you'd smell it on your kids when they came all right easy because there was an odor. We can still smell at this is not as long but you still can't smell. But it's also stronger resident though don't you get hot more of a high. But using live from what I've treating when you're using these beeping machines are gaping cigarettes. You get higher than you would if you were smoking in normal. Well part of what what's interesting is what they found that part of the reason that happens is that when you're smoking you know that smoking you know it kind of person back your yellow and everything this doesn't have that response so it's like he's am I can keep going no problem and so just keep going. And it's getting kids higher and that's what we've seen from a year you're taking in a lot more for a of the toxins within marijuana yeah I date being. Then you might be. Boy that's going to be a problem for kids driving. All means it's it it's a huge for. The Dow opened up the day. To the positive of more than 300 points right now it's still hanging on it's up by 243. Point but not seemingly going any higher in the last hour. And the S&P 500 is up 27 points oil remains you know pretty modest it's at 45 dollars per barrel. NASDAQ is up 79 points trucks is not a talker silver thank you gentlemen appreciate your time thank you if you. You've been listening to the financial exchange from our insurer match dot com studios have a great day and we'll see tomorrow right here. When your favorite radio station. That. Security suffered through securities America and remember finreg SIPC and advisory service offering to securities America advisors are on strong representative I'm trying advisory group in the securities America companies are unaffiliated.