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Full Show 1-11-17

Jan 11, 2017|

Full Show 1-11-17 by The Financial Exchange

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This is the financial exchange with the very Armstrong and chunks of tour exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks are. Dow Jones Industrial Average has been flirting with the 20000 level gosh that'd be 33 and a half weeks. And today is that day where there's going to be news release that could cause us to clips that 20000 point mark. Hi everybody experience truck with you here. On a Wednesday and of course chuck I'm speaking of president elect Trump's first press conference since he was elected president of the United States. Yet his press conference has taken on a little bit of a different tone in the last that the eighteen hours or so. And it's going to be very curious to see what questions he gets from the press and how we and to answering them obviously. It's been a somewhat chaotic. Oh lead up to this press conference and I don't know what's gonna go quite the way you expected when he originally scheduled. You know they. Yeah I think what I'm looking for in in I think with the stock market is looking for you're an investor you're. If you're managing the twenty billion dollar hedge funder of 500 million dollar. Wealth advisory firm. You wanna hear him talk about tax cuts you wanna hear him open up and say we've got to get the economy going if he focuses on that. And is able to 48. Conversations navy backs off of the health care issue and backs off of immigration if he focuses on taxes and the economy. I think we get a robust rally if he gets mired down if he gets stuck in the mud over Russia. If he gets stuck in the mud over building the walls or deportations. Are hitting like that. Well I could have the exact opposite effect shock. Are you surprised that the first priority so far seems to be trying to deal with the health care issue because that's a much more complicated. And much more in depth issue. Then trying to sort through. You know tax cuts and trying to figure that out just from. In execution perspective to meet it seems like tax cuts at the low hanging fruit there were read and say look. We we did tax cuts within the past sixty days of an administration we got that taken care of give us six months to focus on health care as opposed to. Well we're gonna try to bang out healthcare and you end up with something maybe they either doesn't quite work the way you lot. Or you just kind of as you said get stuck in the mud there in all of a sudden you're dragging out six months with no real progress and you don't have anything to show. While I agree hey you know he's he's on congress to repeal obamacare. But the problem you have Turkey you've got more than eleven million people were covered by that so many people are covered. By subsidies under the affordable care if you abandon those people and you leave them without coverage. Then you're a big rebellion under it. The easy and low hanging fruit to your point is to go after taxes to go after corporate taxes and lower personal income taxes. Even if those tax cuts don't take effect until when he eighteenth right even if there's a sunset provision on them. No no matter what if you focus on that. Paying your demonstrating to Wall Street that you are in fact the business president the other issues that take care itself it. And and frankly you you raise a really good point. You you there's a greater chance of screwing up health care if you try to rush through it if you if you all this and just say well we're repealing. It and you know maybe someday will replace it. You have to have the replacement program in hand right now and I don't think they do know away. And I think there's some differences in terms of the type of approach that Republicans want to use and this is something that we talked about. After the election is that. You know a lot of times people tend to talk about either Republicans or Democrats as a you know a solid blocking the fact is. That even within those groups there are vast differences. Among Republicans you talk about. You know just looking at what we have in the senate you have people like Rand Paul who is it libertarian leaning Republican. And then you have Lindsey Graham who much more closely resembles the Republicans of the last twenty years thirty years that are much more establishment oriented so. Trying to actually negotiate with all of these different groups. It's not easy and this is. This is what I said heading into this year is look the big question now becomes a question of execution risk here and you. Heard those 535. Cats to the hundred in the senate that the 435 in congress. Can you heard them. To get them to do what you want them to do. It is difficult to do it's not easy asked Paul Ryan he's been trying to for the last year and a half now it's not an easy thing to do. And this is really going to be the big question because. As as we don't the president in the United States if something's on his own. But can't do everything. Have one to your point he'd be the easy thing to get done because even Democrats will admit. That our tax structure particularly our corporate tax structure is bad ass backwards I mean it's just. If it's causing companies to leave. It's it's causing job loss so if you fix that that's where the common ground is fix that first then deal with health care deal immigration. To wall deal with your business regulation yours too programs deal with that stuff later because you know what if the economy's booming. If you have wage growth of 45%. If all of a sudden there are good high paying jobs available for workers. You know what the other problems seem very minor. Relative to that people will be. You know if if you have wage growth the port 5% to people are going to be worried about getting free health insurance because they're gonna have a job and they're gonna be getting it through their employer. Now it also helps to build momentum because then you can say look we we took care of this in the first two months give us a little time to get some of the of the more complicated things done. Where's if you don't have anything to show. In you're sitting there 3456. Months out. All of a sudden you get people saying. Well look we we put in office what what what's going on now so from my perspective and and I tend to agree with you fully. Tax reform especially on the corporate side this is. Relatively easy and straightforward to do it's not that complicated it's not that complex as you said. You could even have the provisions not take effect until 2018. And still have that something to show work with health care. Look you have people that are in high positions in the house that are coming out and saying look we need a few weeks to kind of figure this out we can't just do this today. And I think that's the reality is you can't just fix health care. In a day if you could it would already be done. What talked about Holyoke Massachusetts. You know Holyoke is the city in western Massachusetts. The poverty rate in holy Hokies three times that of the afterward in the Commonwealth of Massachusetts it is justice it's it's a broken down city. And the mayor of whole Holyoke young man named Alex Moore she's 27 years old. He wants to convert some of the one point five million square feet of empty milk space that they have. In two marijuana grow facilities. At a tea I admired the position he's taking it's it's unpopular. With many residents of polio. But what he's saying is look weak we got a broken down. Empty city. And this is an opportunity for us to generate tax revenue it's an opportunity for us too keen jobs and mean growth facility jobs there's a lot of them. A what are your thoughts on this and think first of all the think he's going to be of the get it through as I know they want a bill that other growth facility is a company wants to build one in Freetown just choose. I don't know if he's gonna be able to get a drum not familiar enough with the U local politics there to be able to say whether or not. It's feasible I do think it's a great idea the I think that when you look at this you know one thing that we after a member. Is the wave. A lot of people tend to think of marijuana today is very similar to how a lot of people thought about booze back during the BO prohibition there. Usher you know if you go back he's you know bars or you know shady places where all these you know underhanded deals go down in this in that. And it's very similar to how people talk about marijuana today. But if you go and yes people they'd have when's the last time that he went to you know restaurant to have bar the last time you want to somewhere. You know bar you could say look. And it's these beautiful bars on the waterfront in Boston went to these beautiful bars on the waterfront in Providence there's you know different. There's a different feel and different thought about how bars are perceived today. That eighty or ninety years ago and I almost wonder if marijuana has to have someone kind of do the same thing where you say look. It's not just a seedy shady place no pun intended on both of those where you go and you know you meet your drug dealer and all of a sudden you're set. You can build something that may be appeals to a broader broader swath of the population. And I I think that's what he's trying to do in Holyoke and I applauded for trying I don't know Phil succeed. He has two advantages going for three really he's got a lot of people who are unemployed that could work in these group facilities. Too he's got the lowest cost electricity in the state he's got the lowest cost water in the state. So when you look if you're grove facility units a year thinking about OK we need to be in Massachusetts were and open up a big facility and rent out. Couple million feet of space to grow our marijuana for distribution purpose capacity grown in Massachusetts. I would think polio gonna rank pretty high on that on that list of cities that you're considering. Yeah I mean it's if you're going to be able to do it out there a lot more cheaply than if you try to put something in Waltham you know it's it's just it's it's not going to be as cheap if you're inside. That 128 loop and I think that the western part of the state that for decades has probably. You know felt you know they're not being treated the same way that the eastern part of the state is this is a chance for them to be at the forefront of a developing industry. Talker did you invite the mayor under the show I have reached out so I just waiting to hear back at this point. Right it does lead to our poll question of the day which is we do you be in favor. Of the growth facility being approved in the town in which you preside I I would and town and there's an empty. Office building in warehouse that sitting there and I could care less effective integrated entity because it would increase property taxes from that. Facility and it would create probably 3040 jobs I'd be in favor I live in midfield Massachusetts to enable the growth facility either come on in. So I voted yes I would be in favor of it Tucker do we have any results so far too early things too early but so far 55% are saying no but the stolen playtime in the shows have go to our website financial change or dot com. Married up next we'll be joined by Jeane Macintosh from the Wall Street Journal going to be talking about economists. And how do they managed to be wrong. Quite so often that's our next topic from our insurer match dot com studios. Breaking business news daily only here. On the financial exchange radio network. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plans into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is Titus is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities are with the securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets be depleted if you had to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection claim in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. It's an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today to learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web site legal exchange showed dot com. Hi everybody very Armstrong here from the financial exchange and I'm joined by Jay tool who's a senior vice president and leader bank. And leader bank has an exclusive. Program for those of you who are landlords if your corrupt collecting rent from one attendant for a 101 tenants. He ran it might be something that you want to look into Jake talked to us about zero how long has it been around. We've been offerings he ran for almost two years now two years and it's have been successful spent extremely successful we've. 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Now if you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product or landlords are absolutely loving it. Love it all right it's called zero rent and the website for his www. He rent dot net. Or you could call leader bank at 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Security suffered through securities America and member finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Stay on top of breaking financial news by becoming a member of the carries per game. Log on to financial exchange does come in sign up today. For some reason I have a lot of friends were economists mattered fact tonight on going to be having dinner with. At least two different economists and so I surround myself with them and learn a lot from them but boy they seem to be inaccurate pretty regular. Our guest is James mackintosh from the Wall Street Journal I don't James. So why did god create economists and give you an excellent. Well Dan the old chicks Sabine the and please take it helped write that the great historian of the game bottom line which was. To make the strong which is look at. He hit it and it canola or whatever. It is. Would do what are the variables. That make it tough for economists to make your predictions. What kind of basic problem differently. If you think about the things that affect the economy it's it's pretty much everything so. Eat at you gotta you gotta have. Number. What when Erica this year and what happened to the price of all it'll happen to share prices to own deal. And myopia four then might be. Major panic collapse changes to taxes. You know it just it kind of goes on and on you know anything about the number of things that can affect the economy it's basically the number of things the wrong. I'm new technologies all sorts of things and that they you know killed my problem is that this is a very very complicated system. I'm EDT because it includes virtually everything on your console console thing you know. Frankly economical costing just isn't capable of doing. I'm right gentlemen cast human behavior right you're trying to forecast with the response is going to be. They thought I was gonna. They currencies even you know all of those things that just straight factual but you know is that going to be toward the Middle East and you know we know like a big difference to the pupil cost for the US economy. But actually behind all of this even if you full cultural factual things wrong people to go to pick up animal spirits. All people going to be at their spending. How people could react to that a factual news and I think all of this particular. We've just seen that went to the UK and abraxis Atlanta. Economists stole the reaction would be you know the people to hunt down and come back this spending and they didn't. Total focus rock. So it's it's it's really don't think people to Japan to get their homes around and make predictions about. Would do would you seen you when you talk to economists would you getting as the forecast for growth this year and next year. What is the average is this year is 2.2 5%. Which is. Christian people personal. He no totally legal folk. You know for next differently than it is still opinion that look at any. So it'd be dissipated because that the picks having an entity is so we just about to get the first 1% next year. Which we don't go yet but I would guess it'll be up there on out. But it'll be practically meaningless I mean discard it definitely. There's just too much. The way to full cultural capital cost is also raised political wild possible. So it'll be a bit like all of them to a full costing based on lost you for this year but still I mean it just keeps coming down to the economy goes badly and it keeps coming up the economy does well. So economy does well this year they'll full cost of that again next year but they still what have any idea. Most of us their knowledge that the economists are inaccurate it repeatedly inaccurate. Yet they have the ability to have a dramatic impact on our economy to talk to explained. You know because these big big get a lot of of credit. The beer and listen to the the the market trades on words that come out of an healed now. So why how did they had such an impact on our global economy. Some of it is that there. Big decisions that impact the market and impact the economy. People have to be made so given that we house. Central Bank. You know that he asks that interest rates. So. What are you trying to do it tries to do that according to win it thinks the economy is going to cut island don't just Janet Yellen but policy terms the opposite. Get together and decide what happened to write me a lot of different full costs and ultimately I can put to it but. It is something that someone have to make a prediction. That is the problem is not so much that predictions but. You know debate it. You can think about trying to decide on whether interest rates should be. Expected that they should do it on the basis of some predictions and they just pick a number on how to. The book I need to be ready to do is to change their minds quickly when things change. Because. The whole problem here is not so much you know thing 2.2 5% for this year up. Mailed in alternative to be wrong it needs more that. He stated look it's going to be 2.2 flying in less specific tax cuts. And if trump comes through the great state tax cuts and battle goes out and spend little more money penalties it'll be on that state elements that you might give them a bit more respect. It was cool enough. So to some extent it's. Powerful. As the media and public you know did deeds investors put thanks so much attention to the number and let the tension. What's really behind it dissident discussion that color around. Why is it going to be 2.2 5%. Do you have a favorite economist you weigh in once you you know we all have a dozen or so that we follow. Do you have one in particular that you find to be particularly. Accurate and poignant with there in analysis. And unlike the political economists. The ones who mostly don't don't get too worked up about the precise numbers. And indeed there's a lot of that old saying well. You know but we can't really we don't really care and what the precise numbers in my system option. But they tend to be people view on. It is a unit. I have less time to Wall Street and sort of made so people who worked on Wall Street and stepped back a bit. And is quite a few of those on like that they tend to be one too that give you very useful full cost per side because they don't think there's such a thing as a pretty useful. I think that's rather rather rub on it and I think should be. Gergen James thank you very much for your time. In this Jeane Macintosh Wall Street Journal you must day do you read much obliged flowers stuff chucked the Baghdad at Dartmouth. These amount he was actually what am I use my statistics professor in college. And actually had to leave halfway through his term because he was taking a seat. At the Bank of England making monetary policy there's so I'd Becky bubbles what he does a little bit but actually thought that my. Professor for financial markets I've actually kept in touch with him much more he's he is written a number textbooks and so forced. And very Smart guy. Who I have a paid a lot. More attention to. You'd see a lot more solar panels around the commonwealth next year we'll explain why when we come back. From our insurer match dot com studios. Making your Smartphone even smarter. Dell logo mobile lab by surgeons financial exchange show in nineteen Jordan who. Who played stores this is the financial exchange radio network. This is a special announcement for all landlords chasing down lead rent payments and making trips to the bank to deposit checks take Haslett a brand today with zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot net to learn more or call 7816418691. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is -- this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities are for the securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Now is decision time and only one resort has everything you're looking for. Help team all mountain with 98% snowmaking coverage in enclosed orange bubble list that got us ranked number one by ski magazine but that's not off. General continues to make snow and open new terrain for the upcoming Martin Luther King holiday weekend. We'll lodging and buy tickets today and no chemo does come. A team all mountain resort always amazing always snell always home but Georgia today at a team or dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and Ellis number 449250. Subject credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollar offers fixed or variable rates for both purchases in refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and Miller is number 449250. Subject to credit approval leader bank a step ahead according to Genworth the average customer private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets be depleted if you had to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection claim in advance life tends to get in the way if you were Loveland are faced with an unexpected nursing a mistake and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they have put together brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today to learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. It's our daily poll question had financial exchange showed Doug John. Vote your conscience. Arabs just vote go to financial exchange oh does come in castaway. Bob Denver at the actor completely. Gillick and in the 1960s sitcom called Gilligan's Island. Would have turned 82 years old ago this week. We will be doing trivia today based on guilt exiled what was the fictional me. Of the professor in the sitcom gilligan's. Our text number is 68680. First listener with correct answer wins a 25 dollar gas card. What was the fictional name of the professor. In the sitcom. Gilligan's Island and again our text number is six ED sixty. Chuck let's talk about ever source that he had just gotten state approval. To build many more solar panel facilities across the Commonwealth of Massachusetts. Yeah and what they are doing is they're trying to build up to a dozen solar facilities. Due to a change in state law. That actually permits utilities to generate more solar power on their own and so this plan was okayed by the state of Massachusetts on December 29. Ever sourced currently is operating three plant. The only generate about eight megawatts tolls on not a lot of power but they are walking. To build plants that are able to generate up to seventy megawatts which is enough to power about 101000 homes in Alitalia. Based on what we're seeing on the cost curve here you may see this might actually be pretty close to cost competitive. Even without subsidies it's not quite going to be there but it's going to be pretty close. At this point. And you're talking about it relative to natural gas truck yet relative to Nat gas and kind of a coal hybrid when you look at how most utilities generate their power now. You've seen it if you were if we were living in somewhere like Oklahoma or Texas. You actually had utility scale solar power. That is equivalent in cost to what you're getting from fossil fuels and that cost continues to come down within the next couple years. You may see in jail in a number of places. That renewable sources are actually becoming cheaper than traditional sources even without subsidies. And if you when you compare to wind it's a lot less expensive rate that you that you member of that facility they built out in Rhode Island block island. This would be a lot less expensive than the wind that there'd wind electricity it depends on the type of wind offshore is still very expensive but if you're looking at wind power. That is on land it's actually in the same ballpark right now is a war. In some tools which he depending on the the size and scale projects. As part of the problem Windiz tried. Guess or estimate if you will. With the maintenance costs are going to be an easy lot of these turbines get built in and be the town July out of the bill funds all the maintenance costs awkwardly in bucks a year in the fact that. Couple things that make solar attractive in New England. As well as the difficulty that the utility companies are having in getting gas up here right meet up you you'd like to have more facilities. But they can't build the planes because the states can't agree to allow pipeline either be expanded. Or run through somebody's backyard and that's that's cause that's part of the reason you're seeing. Money go toward the solar facilities could you don't have the same permit problems. Yeah it's the permitting is definitely an issue that you have with any type of renewable energy analyst solar because the thing you have to remember. Is that if there were a better use for the land and simply putting solar panels out there. Something would already be either so people don't want to give up valuable land in order to put up solar panels for the benefit as you mentioned is take. You can throw moderate roof he can throw months hiding in some cases you can do some things in order to make it feasible. With wind it's a lot more difficult to do that gives you gotta have this big. How were kinda hanging out there you know sticking up and you might not necessarily get approval to have something like that words rooftop solar a lot easier to do. Wait nobody wants to live next to wind turbines because of the vibration to know come off no. The yet beat the other thing that comes to mind you speak of solar and ever source building this out. If you look back in you know I don't know what you're electric bills were last summer but mine were really high in the cost per kilowatt. Was well into the when he was 24 cents when you could deliver it right. Ya ya ain't and in the the reason I was told. Is that. At the pool pump running and so I am a big user of electricity yup and when that cost goes up. I was shocked at some of the electric bills or coming up but what the utility companies are saying is. When we have to go and buy extra power during those pot pot months we have they have to pay a premium port. So this solar field idea. Should take the edge off of some of those days when it purchased the extra power because you'll be creating the maximum amount of electricity from these solar fields. On the days when it's a 110 degrees. The other thing that's very interesting that's happening right now as well as with the advances in battery technology. What you're seeing some utility starts do want a very small scale. Is actually by excess power at night when it's cheaper to do so. And then they'll release that power during the day when it's needed in order to try to bring costs down for consumers and that's allowing. Utilities to really play around and do things a little bit differently instead of having to fire a new plant her new boiler that you say look we've already bought some surplus power at night. Why don't we just going to use that during the day in order to cut costs that. Tucker yesterday. Use it sent me an article about a company in Massachusetts that's building. Liquid that will be able to get any but he forests. His talks with them right now so hopefully for tomorrow. This is fascinating track easier. Literally we would batteries that they put underground. And beacons to work a lot more power in the batteries don't dial off like lithium ones do you know lithium ion batteries. I think they can charge about a thousand times and then they're they're gonna Wear out. These batteries that put batteries never never expire it and so I asked to record again so aghast on the weekend yet let's get a quick. Bulbs argument. Quick announcement on behalf of Peter bank. The if your business. You know you'd you're gonna have times when in a business opportunity comes available to union may not have the free cash. To bio here competitor you mean at the free cash to buy the building. That would be great place for you how's your business. We'll give sweeter bank call because. They are offering. Lines of credit and term loans for dollar amounts up to a 150000. Dollars the rates are very competitive night on look at customer leader bank and I have a business loan. And the debris is bearish low and the underwriting was very fair. If your preferred lender that means yet. Quick decisions and simple process and Peter bank is a preferred lender personal assault you can use the money to. For working capital or equipment purchases are. Moving news today you're opening a second location or perhaps buying when your competitors. If you want call Patrick at 8776917900. Good leader bank dot com if you want. But they have a small business analyst his name is Patrick. 8776917900. Overeat 8776917900. I cut you off their truck as we're talking about the batteries. God I was going to say that's still is one of the major things that were looking for in the next few years is a breakthrough and utility scale storage. And obviously there are a number of different options that are out there that are in development. None of them quite ready for prime time but you get the sense that we're may be getting close to something in the next couple years now. Well you know I don't know Ameritech graphite battery we talked to the Michigan tech technical about a week they got there were ten years I'll get. And that's really more for me but for mobility list that out of the battery. That would be for cars and motorcycles. Buses and trucks. This battery the unity that liquid battery. I got the impression from the story track. That this was for industrial purposes yes say an office building her condominium complex or school hospital. They would have a battery. And you could just foresee today when the battle that the building is covered with solar shingles prayed all the windows or Torrey or absorbing solar. And then it's being stored in liquid battery in the basement to power the hospital during the there during the night hours yet just if their progress that's being made as fast. The the progress that you get from battery technology I'm gonna compare to what you eventually get. From driver less cars just in terms of how it allows you to redefine. How power is generated when power is generated and then how it's distributed it gives you. All kinds of different options that are complete. We differ from the current system we use. Or does he Verizon and AT&T. Are increasing. Certain customer fees are for instance if you want to activated new folder upgrade. Verizon's got a whack you the thirty dollar the easier of the two companies what they have maybe 6070% of all the cellphone use in the country. It might even be higher than that. Does that rate let me take a look. It's there are raising their rates in the end and not by a little bet and mean they. The deer they're whacking every time turnaround you're your pain fever if you want the height data plans. There increasing those by five dollars a month that yup I think the only service I can use track Writely is AT&T is still won it works in my town yeah I mean. On a kind of in a similar boat where I grew up was the only one that worked as well. And frankly what these these are really the only two guys that are in position. Two I didn't make increases in prices just because historically. You smaller ones like sprint and T-Mobile. They've had a very aggressively discount and in a lot of cases they've been able to push the bigger guys around a little bit in terms of pricing. But Verizon and AT&T bumping up some cost and some of their legacy. Legacy users here and you know you wonder it's at one at some point does this actually push someone towards a sprint and T-Mobile who continue to be pretty aggressive with discounts. Putting in you think about how many times ears that guy I was making some phone calls this morning analogies in the years the Internet. You're definitely the the you use your Wi-Fi so. If you enable the Wi-Fi calling. In you have lousy self full service in your home. That he would of called over the Wi-Fi silly I I think the network. Is becoming less expensive less important at least it is to me yeah because I usually have Wi-Fi. At home. I usually have it in my office so. You know how many times in my in my car and I drop a call one now if that happens it happens in the world. He when we come back we'll have the answer to our trivia question we asked you the question which was. What was the fictional name of the professor in Gilligan's Island. And truck will be talking to Andrew Fisher off from Morningstar about two stocks you're wanna listen in on this conversation to bury interest in stocks for you to consider. For your investment portfolio that more from our insurer match dot com studios follow. The markets from start to finish and get our daily market recap every day at 5 PM on our new website. Financial exchange Joseph Johns come off this is the financial exchange radio network. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and the average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets be depleted if you read to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way that you were a loved one are faced with an unexpected nursing Homestake and you haven't done your planning before you write that check pick up the phone and call 8668485699. It's an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they have put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today to learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web site legal exchange showed dot com. The holidays are over the new year is underway and now is a perfect time to reset your schedule and its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plans hi this is Jason Wolfe of the financial exchange radio network and if you're like me and needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car for my older daughter because lord knows she didn't want to wait around anymore to borrow mine call insure a match today at 844 and 99 match -- 844 and 99 match and through their Massachusetts division and charter let them researching present you with information that is bound to help -- I saved over a thousand dollars a year -- minute deal and I know they'll try to do the same for you call today at 844 and 99 match that's 84499. Matched or visit them online at insure a match dot com. Her Armstrong here and I'm joined by state planning attorney Todd what's key from the legal exchange in Cushing and Dolan were talking about. Last minute planning techniques if you're procrastinators. This segment is for you. Todd we talked about married couples in the past and what can be done to protect healthy spouse in the event that somebody's going into a nursing home. What to somebody who's doing planning for each single Euro widowed individual. Do you would when and how the circumstances different for a widow as opposed to a. Married couple weighed on I'm gonna focus on the home here because most of the time people have a home that if they have a home that's one of the biggest assets that they wanna protector preserver on currently and you know leading money earth children or family members is one thing but leave my place to live with no mortgage is is a home run. And so they don't want to lose their house and so even when your single. There's a way of saving a house last minute it's not the best. Up at that advance planning is always better but they'll allow you to when you get help applying for Medicaid to check a box saying I intend to return home even if you don't. So then they'll at least make the house non accountable then they'll put a lien on it. But it will be non accountable so that you can go on Medicaid which really means you instead of paying 141000 dollars a month. And losing their house you go and you pay 6000 dollars a month lest your Social Security of say two or three. In the lean running up on the house is now only 3000 dollars a month that's manageable. For the beneficiaries who got to keep the house. If you're procrastinators. This guide is for you it's called the last minute guide foreigners are nursing home situations. Call 8668485699. It's exclusively available from Cushing handle. What do you do as a last minute plan when you have a loved one entering a nursing home 8668485699. Told free. 8668485699. The markets are still well no I really can't form. Get our weekly monthly recap but becoming a member of berries brigades visit financial exchange showed John come and sign up today. Voicing it was the fictional name of the professor in this you'll get it's I would. Actor Russell Johnson played the part during the sitcoms original run on CBS from 1964. Until 1967. And the winner on this one is Paul from stowed in Paul takes on a 45 dollar gas card to mobile. Finally don't forget about Armstrong advisory group's offer 43 portfolio review. Let AE AG help you pursue your financial goals cultivate told free. 80393. 4001. That's 80393. 4001. And set up your appointment today Armstrong advisory group and securities American companies are. Unaffiliated. We are joined now by Andrew biz show off of Morningstar here for stock talking we've got a couple of utilities to talk about today Andrew is that right. As it is good morning and nothing traveling. Absolutely let's start first we as American Electric Power this is. You know really a staple I think of a lot of people's portfolios over the last thirty to forty years but can you talk about why. You're looking at this company right now and if you're bullish or bearish on the. You know like American electric powered chain about a 5% discount to our fair value. And if you've been around a corner half. Do you think or percent which is above the current three and a half percent. And we really like the capital plan. Particularly it's movement in cute transmission investments which be viewed as highly. Competitively advantaged when you look at transmission we like that it regulated at the federal level that you get a lot less noise that you're allowed prior Lott's return. And we have to be very significant runway for growth here if you think about all Kohl retirement. He continue renewable build out and just aging infrastructure. And he may have around that we can he hit it very long I have to prepare us for America under par which is the largest and and missionary in the US. How does transmission factory in when you talk about the growth of things like rooftop solar is that potentially impact there it is not a fact that's side of the business. Doesn't affect that that Tibetans as much if you're looking at route counselor mark. Looking at localized in connection integrated. But it's more so on the commercial scale Arnold you're looking transmission in large scale or feels though are they large scale kind of went arms. Looking at eight EP is there anything geographically that's appealing about the states they operate in. And they didn't operate in some of these shale play is which comes apparently he. You have seen kind of load. Can he be strong in those areas but I'm that you operate. And I've been a burst backyard these scenes ups and downs across the characters. You mentioned that the yacht the dividend on this is just shy of 4% right now how does that compare to the rest of the utility sectors hole. Erika as a factor or Iran training half percent pastor in about national city basis. Mine in yield with Americans are. How consistently they've been boosting that up over the last couple years it's something where you know on an annual basis you get you know once and boosters have been a little bit more sporadic recently. It was DP growing about 5% in our five your outlook and we think that he. He can also he Grossman evident probably able to lower range of that around 4%. Very good looks turn over now and talk a little bit about Duke Energy. Duke Energy operating predominantly out of the south the Carolinas Georgia a place like that does that make it a little bit higher growth just because of all the business that's odd going on down there right now. Yes so that we elected offer for multiple reasons that one you mentioned there's a lot of capital growth opportunities for them they're gonna spend about 10% of their point two billion dollar capital program which we think contrived 5%. Our earnings misses towards you know second team imports natural gas generation renewal build out and just general environmental capital. Partly to also operate in very highly constructive regulatory environment the thank you mentioned North Carolina border very constructive which we think we'll help protect apple our turns in an increasing rate environment and we are so really like with management in the down and carried soaked in the business toward Israeli operations and a wave comes Sunday. A less competitively and spin and it is that it had. No duke also has about a four and a half percent dividend he did even a little bit more income. Then what you're getting out coming off of American Electric Power correct. Correctly at least the F one half percent it and you know also if that growth in line with earning trust again about a terrorist. Quite different. Inalienable that was the African capital appreciation parents Terry about 9% discount to record only investment. And industry that we view as 10% over. What are the concerns that people have when investing in utilities is that they tend to be very sensitive to movements in interest rates and that's one of the reasons that these companies have sold off a little bit in the last six months is rates have gone up in people of moved out of utilities. As a result. Is that a concern all over the next year. Getting it to particularly as the movement is you know a new administration potential for. Additional economic growth and a higher interest rates does UST a concern tree utility investor. If you look historically utilities have while they have. Good news dot absolute returns and I am sick and violent that you tend to underperform the SP 500 during the period. All right very good Andrew thank you very much for joining us today. Andrew bitch off of Morningstar talk about a couple of utility stocks in Duke Energy with the ticker do you pay. An American Electric Power with the ticker eight EP. In those dividends are tax qualified track. Aren't they are tax qualified dividends so what that means is that if you were in the ten or 15% tax bracket and you have the minute after tax account. You don't pay any tax on those dividends if you are in a higher tax bracket 25% or both in there and an after tax count. You'll pay 15% so gives you a little bit of help on your taxes each year. But you're you're getting a 4% dividend on a company that's not gonna go out of business right Duke Energy is not an eagle. Out of business they're going to be able to continue to pay that dividend. You know the stock may not do as much as C growth stock would do that young getting paid like you're waiting still making 4% in the bank. You can tell you that million non. CD rates still remain inordinately low. If the Dow is up it's a EV six point is today if they would hit 20000. Well you know sure match backup. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guide to can help and it's yours by calling 803934001. You worked her whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. I am very strong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one you're offering a tremendous deal for a small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is a deal that you should really pay attention to you can secure a four year loan and fixed rate of three point 99% with absolutely no closing cost alone can be up to 50000 dollars and leader bank promises a two week turnaround in -- ready for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time caller right now 8776917900. That's 8776917900. And you can lock in to this great offer 8776917900. Or visit them online at -- bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. The holidays -- over the new year is under -- and now is a perfect time to reset your schedule and its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plans hi this is Jason wolf for the financial exchange radio network and if you're like me and needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car for my older daughter because lord knows she didn't want to wait around anymore to borrow mine call insure a match today at 844 -- 99 match that's 844 and 99 match and through their Massachusetts division -- charter let them researching present you with information that is bound to help you I saved over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 844 and 99 match X 84. Planning techniques. For when you have a loved one entering into an arsenal more and more people are providing in home care for their loved one's talent is there anything. Medicare provider can do that would be beneficial to them or the fame. Yeah that's a huge problem today burying you might imagine so many people are leaving their jobs even in there with their families. And and when that happens and the person who's doing it isn't the Cha isn't necessarily looking to get paid but thinking about their job. And I can tell you the parent is okay pain they don't mind. And so what happens is don't just pay them. Because if you just pays them it's gonna look like a gift for Medicaid eligibility purposes and it's only gonna hurt you. If later on you go into the nursing need some kind of a contract between the parent and the child worthy on to the child exactly. Between the care provider in the caregiver. I and they care the recipient they need it a personal care contract that needs to be drafted up. What that does is it clintons as the relationship and says look there wasn't intent here to get paid end. You are providing a service and you actually have to report on your income tax return. Got really plans is the transaction and prevents it from being disqualifying transfer. So the person who got the money can keep that even after the all loved one may need nursing home care. Medicaid planning use. Complicated and you just heard about it caregivers contract as it relates to protecting assets last minute call Cushing handle and an 866. 8485699. And learn how you can conduct last minute planning for nursing homes situations. 8668485699. To get to guide told free 8668485699. I doubt the you can have an all crowd of the same people who tell you you can have the cake but you can't heated Q. Could just watch. Young athletes from around the world are sending a pop Waterville Valley resort and so ocean view the twice seventeen Toyota revolution George slowed style competition these January 8 and thirteenth by outlined today and save up to 55%. Well by the way I'm having your cake and I'm eating it hit drivers in Waterville Valley visit Waterville dot com Waterville Valley resort as a proud partner of BMW. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read to write checks to the tune of 141000 dollars every month well it's certainly a deal to develop your asset protection claim in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing old steak and you haven't done your planning before you write that check pick up the phone and call 8668485699. It's an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally that just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step ahead. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't it make sense to get professional advice to make it last college right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. I mean. This is the financial exchange with the very Armstrong and chunks of you're exclusive look good business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chunks and. President elect trump has not yet begun its press conference and the Dow is already on the precipice of hitting 20000. The Dow is up 91 points at 191947. The NASDAQ is up. Price of oil trading at about 52 dollars a barrel and and it's called this kind of the goldilocks moment chuck I think that's kind of what it feels like everything's just about right it figured out there today. Well it's eight I tell you I hate to put it all on mr. trump but I think it falls on his shoulders if he has. Me positive message during his press conference if he stays on message and I look at the messages being strictly were cutting taxes. And word getting rid of some of these ridiculous business regulations that exist and we're gonna cut personal taxes and corporate taxes. I think this thing rocks rate up to 20000. If he gets stuck if he starts fumbling questions or gifts. He if he gets into a fight with reporters. About immigration. War Billy bush or anything stupid. Then I think this thing goes the wrong way I think this thing could goes sideways and there are so. Hopefully he stays on message and in and focuses on the economy cassettes frankly what I care about. Yeah I mean Woolsey we are what less than now we're ten days away from the inauguration this point so we. We're getting down to business now notes timed and kind of put your money where your mouth is and a year ago. You know right about. Question for our friends in western Massachusetts many of you listening on WT AG area listening on WH YNW Ethiopian Hartford. There's this net movement. Now by the mayor of whole deal. To create. A recreational marijuana hub in the city of Kabul now holy oak is. It's a tough town they had they've got triple the poverty rate. Then and then the rest of Massachusetts. If he wants to basically convert a lot of their empty middle buildings in two marijuana grow facilities why. Well they've got a big unemployment problem they've got a big crime problems in cheap water in the of cheap electricity. I look at it and I say to myself as an outsider I don't live in Holyoke so I have to confess that. But as an outsider I say good for you mr. Morse paid it's a Smart move on your pardon and I audit and I I hope you're successful in your endeavor as a matter of fact if they grew one in my town if they if they had a marijuana grow facility in the town I would lose and I could careless to let him grow its legal authority in our town struck it's already in Somerville. It's already in Providence it's already in New Haven it's marijuana is. Everywhere parity you it's not hard to get in and mentor have grown in your home state and and make a few bucks off it. But our poll question really revert back to is how would you feel if the we're going to build it this city that you live at the pound you and was going to allow growth facility to be built in your town would be in favor of it I'm raising my hand up saying yes absolutely go ahead. Let him pace of property taxes let him create thirty or forty jobs are a hundred jobs 200 jobs. Mall in favor of it. We have a poll question on our website financial exchange showed dot com talkers over. Poll questions been out there now for a couple of hours what is the results thus far yes so far 58 point 8% are firm listening base are saying no they would not be in favor of a marijuana grow facility in your town and 41 point 1% saying yes. And surprised and I'm Tuesday that he the you know I like there was a text message a little earlier. From somebody who lived in Walpole Massachusetts where they have a prison. And he said it would it careless RT live next to a prison and it creates jobs and there's no problems with the so why not have a group facility. I I don't understand the opposition IT unit if they said why don't want the pot shop in my town. That can probably understand where you're raising young kids and maybe just don't want it in in your town on main street. But it grove facility it's like having an attempt at a farm in in your town. I mean regulate what when we talked about it's it's very similar to the attitudes that you saw back around prohibition where. However when things in a look at because right now it is right at the moment right now. The deal as a shady business because it's illegal so you get people who were Shea because they're the only ones who were going to do. If you go into Samad and Marie right now. Did you walk in and say while look at all these criminals no you don't because it's been legal for awhile the the thoughts about it have changed. I'm not saying everyone needs to walk around smoking marijuana everywhere because you don't. But the fact is people who want it today already have it you might as well do it legally. So that you can have control over it and make sure that you don't have all the unintended consequent. I honestly can't think of upon I can't I've been trying to think of why you'd say no I I can't theories and I I don't understand. You ECU the three of us evidently differ from our audience because 60% of our listeners and they don't want it in their time that'll change you you have time to chime in on the road and on our. It Tucker will look keep the surprises to the poll results. You already know that Amazon killed. During the Christmas season I mean me ethically there are 38%. Of on line sales went Amazon.com. They they just had a tremendous. Christmas season. They now I think this next move that they are making China is something that's gonna give them even more business. I'm gonna do more business with and that's all I'm gonna become a bigger customer of Amazon because of this next move through the JPMorgan. Yet they're launching a credit card and Amazon branded credit card with 5% cash back on all Amazon.com purchases. I'm going to be picking this up probably about as soon as it's available just because. With. How much I spend on Amazon you know that's that's real savings on a monthly basis even if it. You know 510 dollars or something like that and I can save myself hundred bucks by the end of the year. Why wouldn't I there's there's no annual fee with a card I'm going to be delayed. If it's gonna be kinda deadly for me to be honest I almost don't know if it's a good thing. What pace for the membership. You know lake yeah you just bring it does now I buy some pretty big items on in this. You know I I there's been months were spent well over a thousand bucks on Amazon and it's when you're buying things like. Technology think about when you buy an computer. I think about a play gone by a teammate if I spent 2000 dollars and get fifty bucks back. Disparate just for having the card and it doesn't cost me anything so like it almost paid for my Amazon membership the next time that I'd buy a TV. Org you can look at it as it's paying the tax were ranked as it used to be yup our purchases on Amazon were tax free now they're not. But if you get 5%. Demonstrative of Amazon just becoming that much bigger powerful they. Ye be also would give you 2% cash back at restaurants gas stations and drugstores. In 1%. Cash back on all other purchases that's what they have with their current chase these cards yep this new one. Is going to be even better. I'll get. Tell him I I I think there's a lot of people that are in sight of the Wal-Mart planning a new round of job cuts what's going on there. Yeah wal marts and becoming about a thousand corporate jobs up prior to end of the month here. And really it's because their fiscal year ends on January 31 at the trying to get these done and effectively. These are predominantly being focused on the US operations largely in the human resource department as well as technology e-commerce might guesses. On that technology e-commerce side they're just laying off some redundancy after the jet dot com acquisition. All right. And then you I don't know if he has noticed the General Motors shares have been really moving upward the last couple days. They're up another one point 7%. Today truck and they were up I think three and a half percent yesterday. They're just making money hand over fist. They are and they're saying that at 24017 earnings. Are topping their expectations for 2016 and also approved a five billion dollar share repurchase plan. Based on that they guided to six dollars six dollars and fifty cents a share for next year compared to 515 to six for this year. So you know continuing to move in the right direction bear bear you've said this from day one she's done a great job there. Good executive you know the EU will be alike in a lot of people have resentment towards a company General Motors specifically because there are bailed out. In you know you heard them called Obama motors government motors and if they did what they had to do they were bankrupt they wash their deaths. They are worried competitive advantage position because they were able to absolve themselves a lot of their debts through their bankruptcy. But what she's done she's made cars right chooses an engineer by trade. And so she's put her emphasis on the product but in which he did in this was painful the big guy that nobody in the retail business and that got out of that up. That was Smart because of what it does is if you buy a GM car whether it's Chevy Malibu over Chevy truck. Those trucks and cars are gonna retain their value because they're not sold to Hertz and Avis and all these other weekend in in there about flooding the market. With all the used car so she's done a good job the stock has been. It's been rising I will tell you I owned that stock and I've known her trumpet. It's. It's been a good company owned dividend on that and that's another tax qualified dividend is north of 4% as first. The other Bair has never worked for another company. Yep I just heard her started at eighteen is a student. As a co op student and she's been there for the last 36 years now. In her old man was GMT up. He went to Gian university and she just say she's a very bright if you see any interviews if you if you have an opportunity to. Read about her she's a fascinating moment up next and I have a business owner in studio what are we doing here Tucker. Yeah we have dare cross who is president of acts and banners is coming up next. All right and how do other business owners get in touch with him as soft yeah somebody texted the show yesterday from the general industry. Yeah I actually I was in talk with out of business owner of this morning actually so that's coming up a later this month. But if you wanna get in contact with the showed news go to our website financial change showed dot com and click on contact us and you'll find the information there. All right so we'll have our business owner segment when we return from our insurer match dot com studios. Your business to do when talking about your business needs this is the financial exchange radio network. It's not too late to get a great raid on a whole mortgage leader banks specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting process and teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Number as the SE equal housing lender stimulus number 449250. Subject credit approval leader bank a step ahead. The holidays -- over the new year is underway and now is a perfect time to reset your schedule and its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance -- hi this is Jason -- for the financial exchange radio network if you're like me and needed to reset on your insurance policies I want you to call the insurer -- agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car -- my older daughter because lord knows she didn't want to wait around -- more to borrow mine call insure a match today at 844 or 99 matched that 844 and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help -- I saved over -- thousand dollars a year -- minute deal and I know they'll try to do the same for you call today at 844 and 99 match that's 84499. -- or visit them online at insure a match dot com. Accordingly -- the average customer private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read to write checks to the tune of 141000 dollars every month well it's certainly a deal to develop your asset protection claim in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing Homestake and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and -- which has been helping families just like George protect their assets for more than thirty years they have put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web -- legal exchange showed dot com. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. If you missed any part of today's show not to worry good financial exchange showed dot com and click the listen. Then click on demanding catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. This segment of the financial exchanges brought due in part by liter thing. It's not too late to get a great rate and home mortgage leader bank has some of the most competitive rates around call 877691700. Or visit Peter thank dot com for more information. Every Wednesday we interview a successful business owner today is no different chuck. If today were joined by Derek crosses the president of accent banners. And they're going to thank you for joining us it's great to have you here at thinks him on the show appreciate it. What exactly is accident banners what do you do so accident and it is a manufacturer of custom flag banners. In particular niche in the industry is really with complicate banners and why what is what exactly does that mean I know nothing about it. Right so application is production process in which. It's kinda neat we actually sort of taking new world designs and use an old world process. A craft of applicator to create banners so essentially what happens is we produce a pattern. Usually designs are made and you know it was straighter some Prius software like that yup. Plot out a pattern and not since the ban on denial on me so that together and men. Cut away the excess material leaving behind things you've been behind the design. And so this whole process your what makes that different from how. A banner would typically be made I don't know wake how we're not how or most bettors made today it in other processed through a lot of. You see today is printed material. Printed vinyl printed fabric is pretty straight on and that's it exactly right Oda and that's fine and dandy and there's a place for that for sure. Application vendors chorus a little bit nicer oval look to them they are much higher quality product as well so. Basically would set that aside is the crap that goes into Emmys are hand made an accident handmade we do you sewing machines yet. We have this expert team of pitchers that collectively I think are approaching about a century's worth of experience and they're able to so win means that you win with such precision that these banners and flags we come out and really think immunity. Did do your grandest and will last longer than ones that are made differently as well yeah I'll give you an example we one of our big things is flying banners and flags enemy archway at the Boston Harbor hotel sure not a -- them about spot and Clinton material just doesn't hold up there I mean it's a high wind area and have outing with salt and all that exactly right so. Application banners of course I mean we were able to reinforce some things like that last much longer. And looking at the the typical uses four year ban is where your typical customers. A lot of our customers are events in schools do you UMass Boston weakness and cars that are there because reservoirs. From Austin Barbara hotel on as young as I mentioned. You can also. Com we also do you pole banners and printed material to use of another large. Aspect of what we do is to work with with people like the Boston Celtics to. Tucker and your Red Sox guys you probably walked him Brookline avenue it's humid as always help him as political banners that toss out okay yeah and in advance do you like the yup Austin heart walks or would you banners all along about star driver on the hatch shell that sort of thing. What's the typical turnaround time of someone is putting on an event and says you know what the sounds like good idea how long does it take your team to turn something around the start to finish you know we always ask for as much time as possible but it typical turnaround time for something application because there's so intensive yet it took me about two weeks. Until that at all it's not that bad in the trail is in the pensions and our team really bust out some your goals and stuffed quick. Would you do design work as well or you just involved in the manufacture. No we do as cliche as it is we do try to be an easy. Answer we will design layouts we will produce the banner finish the banner even installed manner of muted. How important DO. The whole team together is twelve folks okay yeah. And how how have you gone about kind of hiring people to do this because it doesn't sound like it's a mainstream position you can hire for easily. Yeah you're exactly right it's not me you know it's it's sort of sad to me it's the sort of guy steals reality comes a call or you know right of semen accomplishments as don't usually go. So we have tried to train from inside. And hire people that have you know at least basic stitching experienced up and train him replicated from our hiring today. We're not looking for anybody can really now all staffed up for the for the next a little bit at least for the moment. And looking ahead in terms of how you wanna continue to grow the business yeah it what are you doing in terms of you know what are your goals over the next four to five years from where you want the company that's a great question. Whole lot of what we're doing right now is of are. Internet presence and a marketing efforts because we don't really when he view. Is Morgan national reach and in fact we can go global with ariz that's even better just last year we had it going to Norway Australia and some of the places for the for some long time you are predominately still just in the northeast or do you do Oca. With how to get started in this business to begin. I personally got serve I was hired as a designer Oka and over ten years of sort of worked my way up the ladder and become a partner and president of the company. And so you've got this twelve employees that work for our most of them on the production cited you have via sales people marketing as well give the whole bit with got a hold most of them our production folks from but we do a couple sales guys marketing folks designer and field services which also humans to reach removal on like oh that's where thing. If someone is interested in getting in touch with you if they wanna put up a banner for you know inventor and maybe it just avenue of the fiftieth birthday party and they want something for that should they get in touch. You can call us you can visit our website I would ask the people visit our web site has been informative to a lot of traffic that goes through there you can request quotes you can get an idea. From different galleries we view it some ideas of what it is and you would like. Com or you can just come as an arraignment for Massachusetts. Very good answer your base is they are all of your employees in that Medford facility here they scattered around a little new world there Oka now. And anything else that you wanna tell us about your business just an Alley operator and what you're doing. I guess I just say that would be really grateful to. Everybody immunity efforts taken us out and very grateful to all of our customers that we've had for so long part of what. Has kept us alive is that we've got these long lasting relationships were up. In a groups like the Celtics and media American Heart Association and you know have a lot of gratitude that I. Well to vertical business and obviously you know it sounds like you're doing. Pretty well with clients like that and and his nominee people who get to say we sell into the Celtics so right you know it gets pretty good. Pretty good clientele there I'll tell you that much is dare cross. He's the president of accent banners once again if your interest in getting in touch with them you can head to their website at accent banner. Dot com if you are a business owner and you're looking. To come on and talk about your business with us we do this every single Wednesday here. On the financial exchange all you have to do is contact Tucker Tucker what is the best way for someone to getting contact if they do wanna come on. Yes so the best method which is to be here go to our website financial change Sho dot com and click on the contact us tab there. And you'll find all the contact information right there it goes directly to my email twos so I'm kind of the the screener to fuel for these interviews so. Still plenty of openings coming up in the next a month or so so feel free to reach out once again its financial exchange show dot com. Derek of one thank you again for coming on with us and best luck in 2017 all right so much appreciate it Derek crossed the president of accent banners once again you can head to www. Ax and banner dot com. If you want to learn more about their business we've got a quick break coming up right now when we come back we're talking a little bit of soccer as well as. Whether or not tech workers are underpaid you're listening to the financial exchange from our insurer matched dot com studios. You've got a barrier it's going next financial exchange on the financial exchange radio network. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally that just makes sense give leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank in May go down in value leader back a step ahead. Hi everybody very Armstrong here from the financial exchange Adam joined by GA tool who's a senior vice president. Leader bank. And leader bank has an exclusive. Program for those of you who are landlords if your corrupt collecting rent from one attendant for under one tenants. He ran it might be something you want to look into. Jake talk to us about your how long has it been around we've been offerings he ran for almost two years now two years and his have been successful spent extremely successful we've. Offered this product to really target our lane goers were still collecting checks in paper form in this day and age. And the purpose of zero needs to really bring everything on the line between electronic but more importantly. Have a piece that it and forget it so what's a landlord hazard ten and set up. I'm really there's nothing that needs to be done until the leases over. The rent is automatically drafted from the Tenet's account can you choose the date of the month is it always the first of the month or could it be that fifth there. That's a sign attendant on the fifteenth to to be the fifteenth of every month yup absolutely so landlord sets the initial date. Whatever day of the month that is. It will be the same date every month penalty collected how much does it cost the landlord to set this all so it's absolutely free if the landlord banks with us OK so if your idea landlord you have your bank account leader saying you get this is you rent service for fleet getter for free. That's you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product are lame or perhaps leave club. Lot of our right it's called zero rent and the website for his WWW does he rent dot net. Or you could call leader bank at 8776917900. To learn more. 8776917900. Collect your rent electronically makes an awful lot of sense to me. The phone number again 8776917900. Or visit. Zero rent dot net. We love telling people that he won't mountainous Stanley wrote why. Because we know that planning your ski trip is a really big deal. And one even knowing that our family is 100% committed to making sure your family as an awesome time that starts with 90% snowmaking coverage. It's only the beginning to find out more go to Oki. Dot com and check out everything we have to offer including great Steve Steve packages and are smokes and launch Pokemon mountain resort. Always amaze you always know I always tell them. According to Genworth the average customer private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you had to write checks to the tune of 141000 dollars every month well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way if you were Loveland are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years -- put together a brand new guide for 2017 called planning for procrastinators. You can not put off this call any longer did your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't it make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. He stayed on the markets all day long. There were brand new website financially strained showed dot com click the on demand includes I didn't follow the markets from pillar to post Olympic financial exchange showed does come. It is time for trivia on the financial exchange. According to the theme song from Gilligan's Island how long was that charter. Boat tour aboard. The SS and you know originally supposed to last. Our text number is 686 in you you know the correct answer the question you win the 25 dollar gas card. First winner. Gets the the gas card. According to the theme song from Gilligan's Island settled TP shoot in the sixties. How long was the charter boat tour aboard. The SS minnow originally supposed to last. I have no idea that somebody will win means that. To contest you have no one Aaliyah really. Now hopefully you you have to BK I think that's the easiest question we've ever had. All there and watch the show Eden I mean it's it's repeated in the theme song about 462. Times if if you've never seen the show how would you know you still heard the song yeah really. You don't know it but you have currently very hasn't. If I have been a different world. Thank you do it's it's okay where it landed vary at planet Eric he you know Tucker it. I was just looking at our poll question results in their start to swing back in our favor I think we're having some success. Talking our listeners into allowing growth facilities into their town. He and that is our poll question today. How would you feel about a marijuana grow facility. Being built in Yorktown here's why I like it. When it's on average a small growth facilities in the thirty full time jobs that thirty people on the payroll may not have a terribly high skill level right but they're going to be Macon decent wage with health insurance that. That'd be off of unemployment in the going to be paying payroll taxes and they're going to be productive they're gonna go to work every. To the property tax roll is going to increase your net more and more property taxes. As a result of that growth facility in your town. And three the stuffed and sold and smoked. In Massachusetts anyway so why not happen in your town if you wanna participate in our poll good company to exchange showed dot com. And let us know would you be in favor of a growth facility I think it's 45%. Was last poll numbers on. There talker it's so far actually it's 59% of her listeners are saying no now in 40% of saying yes and just a quick update the mayor of polio will be joining us tomorrow and should. Oh he will be well terrific night skit good ticket field fence that's a terrific. Hey John. Help me understand this Jack you're the soccer players in the media in the room yes just to put this in perspective. It took was a pretty good soccer player in his day he played high school soccer with many people dead but he also played division one College Soccer. At Dartmouth College in Dartmouth and pampered and you know he's that you had a good career but. I don't understand. Why the World Cup is expanding. 240. Teens in the year 20/20 six helped me walked me through. Money. Money more more they're pretty much thinking more games to go to being that we have more ads that we can sell. More teams are going to be there means more people around the world watching some more games more people. That that's that's pretty much what they're banking on. I think it's deluding the product I'm not a fan of this the World Cup since 1960. I believe. Has been 32 teams they're expanding it to 48 so it's 50% expansion. There's only 211. Teams in the world this is pretty much saying hey if you're in the top quarter. You're it you're able to go to the World Cup. I elected it was an exclusive torment you didn't have any teams that didn't really deserve to be there that we're sneaking in somehow. And I just feel this is going to dilute the product somewhat I think that the games are gonna end up with because this are not going to be as strong. And in general what every team in the world has the ability to qualify for the World Cup you just have to actually. Compete and actually you know win the games that you need to in qualifying. Now but I American team didn't make it very do that in the last London economic medical flood. If they don't always call it the. They have every year since 92 well I believe they may have missed the 2001 I'm not shore. But they have I believe been an ever won since 92 now. So you're posted this but if it doesn't matter is gonna happen. And it is a money grab. Your rest and yet it's it's it's very much like how the NFL is now talking about expanding playoffs which if you watched any of the games in the last weekend. I would argue is probably the worst thing possible and just confirming the US has been in every world puppets are not since 92 was played in since 1990. Are they okay they've made seven in a row now after missing the entire period from 1954 to 1986. Well. They have talked to a lot about our friends at the insurer matching agency in the exist to make sure that your assets are protected and if you're like many of my listeners who won't Holman one or two cars you're the perfect candidate for free consultation with one of their agents to make sure. And help you review your insurance needs. Called him today at 84499. Match that to 84499. Match. And let them prepare a personalized plan that will give you the discovered that the best price. They'll also dig out all the discounts of preferred customers like you can qualify for. Call insure a match to compare multiple rates from all of the top carriers including our bella. Plymouth rock and more at 84499. Match that's 84499. Match. In sure match is licensed for all types of insurance they can take time stress and money one phone call. One relationship that's all you need call today he 4499. Match or go online at insure a match dot com. You know I saw the story about one in three tech workers being underpaid. And it caught me by surprise I thought it was going to be a story about H one B visas is really not. Yeah with the story. The says this is from a salary data firm called peso. Is they looked acts. The resonates of people as well as their compensation. Including bonuses and an equity that they were getting a five million different workers of the not looking at a small sample size they're looking at five million different workers here. And what they found was that on average oh. A third of tech professionals are earning at least 10% less than they could be. If they looked for new jobs today based on what's available in based on the salary postings that are out there. What I would argue is there's always going to be someone who's on who's below average it's that's the nature of an average is half the people have to be below and half have to be above it. If these people start taking new jobs that are higher paying all you're gonna do is the other people become those lower paid workers so I. I I get it but it doesn't really tell you much like. Yeah half of people are underpaid will that's because the other half overpaid like that's how it always is going to be unless you pay everyone the same. You have friends that work in the text field young and the tech field. Is you know a hotbed for the H one B visa. Market what do you hear from your buddies the guys he went to school with the name I work at Google or Amazon. Do they subscribe to the theory that the H one B visas are depressing technology wages. Not at those top companies. And I don't think they are necessarily just because the competition for top talent is so fierce and a lot of those that. We talk about your Apple's and Google's and you know the you Tesla isn't Facebook's of the world. The competition is so fierce that it's not really doing a whole lot there. It's when you look that next year don't. Did you do see an impact there but at the top companies it's not really having an impact because if you want the best engineers in the world you're going to pay for. Credit card and auto loan delinquencies are rising at this is a funny story and the the economy. By most measures has been improving. The credit card loans are growing more delinquent car loans we've talked about this in the past truck they're growing more delinquent. But whole loans are growing west delinquent if it's just it it nothing makes sense here. Well and even with credit card delinquencies ticking off. Those increased two point 74%. Of all accounts in the third quarter. It still well below the fifteen year average of three point 68%. Of accounts in delinquency according to the ABA. So they are ticking up but they still are at a historically low level. Overall and I think in general. While something to be somewhat concerned about. You're at far lower level if you look at something like auto loans are installment loans OK you're still a far lower level than what you saw. Even in the early two thousand's so. From my perspective yeah you're seeing an increase but I think it's still reflects a relatively healthy economy just because overall. It's increasing from central benchmark I just don't know if it stayed down there for after. And and lending standards have been loosening a little bit last year for a little bit yeah so you're you're definitely seeing some movement there. Demi. I'm a little concerned actually when you start to look at next couple years on the housing front of lending standards continue to lose America's. We saw when I was at that we reported that you are starting to get back into some of these no lasted verification loans that were happening and things like that and you know you start to hear a little bit more about that the last three to four months and I just. I wonder if maybe we didn't learn a lesson. You'd you do it well think about those FHA loan straight you know my house with what 3% down or no money down yup. Unit of Michael score think like 6:50. Am which means you've done some damage to your credit a reality you you have not paid your bills timely. If you looked like a score at 650 in years you can hear your back in the you'll and those that's the federal government debt underwriting yup absolutely surprise rate. The egg eggs if I don't want to insult anybody who has a high regard for the federal government that it just. Yeah the FHA loans. You know a lot of them are made in and they get defaulted on and people scratching their heads like I'm scratching my head to white made the loan. Africa. Via our next guest is going to be made Terrelle from CNBC. To be talking about the or annually to cost the overdose drug so when police officer. Comes onto the scene and administers I think it's called the market. That that's the hope you lead. Re viable drug he will. Rick talked her about what's happened to the cost of that drug to. Police officers and emergency workers when we return from our insurer match dot com studio. Barry Armstrong and sharks done us talking about business financing your wallet well about how to keep the green and it. You can hear from the financial exchange radio network. The holidays are over the new year is under way and now is a perfect time to reset your schedule and its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plans hi this is Jason -- of the financial exchange radio network -- if you're like me and needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car from my older daughter because lord knows she didn't want to wait around anymore to borrow mine call insure a match today at 844 or 99 matched that 844 and 99 match and through their Massachusetts division and charter let them research and present you with information that is bound to help you I saved over a thousand dollars a year in minute deal and I know they'll try to do the same for you call today at 844 and 99 match that's 84499. Match or visit them online at insure a match dot com. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read to write checks to the tune of 141000 dollars every month well it's certainly a deal to develop your asset protection plane in advance life tends to get away if you were a loved one are faced with an unexpected nursing Homestake and you haven't done your planning before you write that check pick up the phone and call 8668485699. It's an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today you can learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com member of. The FC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollar offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender stimulus number 449250. Subjective credit approval leader bank a step ahead. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guide that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Juries are for two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated. If you missed any part of today's show not to worry good financial exchange showed don't come and click the listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. According to the theme song. From Gilligan's Island the passengers of the USS and you know originally signed up to take part in three hours to. The winner on this one was might from Lebanon Maine and Mike is taking home 825 dollar gas card to mobile. Finally don't forget about Armstrong advisory group's offer for a free portfolio review. Let AG help you pursue your financial goals cultivate toll free 800. 393. 4001. That's 803934001. Instead of your appointment today Armstrong advisory group in securities American companies. And if Philly. We're joined now by meg Terrelle from CNBC. And talk about the open you'll wait. Overdose cost not easy to say I'm a carrier. Good morning and well and apologized for character I play the kind of look. Well actually the it probably sounds worse than it feels right. Yeah. What do I do I read your article I think there's actually posted last week about the cost debt emergency workers are in towns and municipalities are paying for these Opie the drugs we have a big heroin problem here in the northeast. What's happened to it it's in our camp is the name of the business. Arkin is the brand name and they're the generic name. I'm not locked that right. In what's what's gone on with the costs like how much did this stuff cost say two or three years ago what does it cost them. Yeah there's several different forms of that no lockdown and we probably start by explaining to play guys that kind of you know here Coulter and a lot of people. He can reversed an opiate overdose. I leaned back in our mid. In order in order Q can be happy and if you think about it allergic reactions. Though. And is that America had it been around since the seventies. And then you know it was and it available reluctant dollar per milliliter. A couple of years ago and now imprisoned for the generic form more than fifteen dollars Grunow do I took a couple of years ago. But they're also several protesting and here patent delivery devices that cost hundred dollars or even out in the dollars we just don't. And some of those devices as I understand it. Are you described in this may have to put their safer for the EMT workers aren't they let you a lot of the guys that are doing this are either police officers or firefighters. And pray public health experts wonder and many people as possible hearing a lot and given the size of our appeal in crisis the United States. If somebody you delivery systems can be administered a note. Or there's a device similar to elect competitor to be happy then you go and actually can track you know Kentucky's Rupp and how to administer the drug. Oh am I think you helping you don't have medical training and you're not comfortable using a vial and rent as you can use one of these occurring. So what's what's the year cause of peace with its somewhere consider to be abusive price increases. Yet heard different stories for different form of the drug though with a generic form you know the older ones the drug. You need multiple forms of the drug on the market we think well that's probably going. Down right competition going right Alan but have not actually what. I have a drug company if they're manufacturing costs that are gonna they argued that you didn't eat right because they are. They're great responsibly. As important more expensive in the delivery of light. Like for example at PO I got 3150. Dollars for conducting that I would Beckett of the company Khaleda tells me you reap the price in order to help patients or the co pay. Amnesty that would like reaping great and the pack and help people at the pharmacy counter it kind of a weird weird economic situation there. So make gonna put you on the spot you know you you had a chance to digest this information. This smells of almost like a march early tight. Abuse does that mean they know the municipalities are gonna buy at the firefighters gonna buy it in the police departments are gonna buy it. It is almost seems like we better re deck here. Some people might react that way. The companies argue that they work eight and they were with me at the Audi. To try to give away drugs that get Perry did go pretty that we heard me talk a lot of public health expert to work very very worried. About the crop year and it's a weird sort of hanging that it went. Do you need for the drug is greater than ever you know right is also going up and it's creating a lot of problems out. It sure is picture is it may take you very much for your time we appreciate and I hope you feel better. Make Terrelle CNBC and chuck hey meg was being very yeah. Politically correct if you will and I I just think they're taken advantage they know that. You know Springfield city cops have to carry this idea they know that the cops in New Haven and Hartford and Boston and Providence. Mean all these cops they're carried the stuff because it's rampant I mean there are hundreds of people dying. From heroin overdoses. And so their carry in this dark man and there are. Bang and it into these and the drug addicts as quickly easily and when they come across them. But it is it seems to me like the year who we as taxpayers are being taken advantage of does not affect Donald Trump alluded to it in his comments about half an hour. By I do think you know with something like this. You know it is a drug. That is it is it as a critical used it is the only option. And in situations like that you have to be able to get it to people so. You know the drug companies figured out okay in a situation like this we can pretty much charge whatever we want. And they absolutely are taking advantage. Of the fact that there are not substitutes at this point. Sure eight the the market's not doing particularly well during the Trump's speech. He went after drug companies and they're selling off if you look at your office investment portfolio. A lot of big pharma stocks are not doing right now. The Dow is up 36 point it was up about ninety when he started speaking. The S&P is down NASDAQ down six crude oil's trading at 51 golds trading at eleven ED three announce. Will break down. Economically speaking the entire Trump's speech during two or show what thank you for tuning in to the financial exchange trucks ought to you'll married man is back. Tucker so that was at the Helmand my name's Barry Armstrong we'll see you tomorrow from our insurer match dot com's duties.