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Full Show 3-7-17

Mar 7, 2017|

Full Show 3-7-17 by The Financial Exchange

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Yeah. This is the financial exchange with the very Armstrong and chuck are now. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. The difference just one week it hit me. Week ago we're talking about with great anticipation. The initial public offering books that chat. And today this you know three or four days later we're looking at it and the shares are selling off hi everybody it's Berrian truck with you here. On a Tuesday in portrait that chickens are coming home to roost. I hate to say I told you so but you know for all the people were excited on day once it like it which by and it's going up 40% it's gonna keep going up. If you thought you were going to have an easy time making short term gains. This is why you don't do things in the stock market for the short term because all of a sudden if you're one of those people who. You know couple days ago would take Friday as an example. If you bought on Friday march 3 at around 11 o'clock in the morning you paid 29 dollars a share today. You're down almost 30% from. Wait a little trading about just under 222150. So what's happening in mean eight DDD didn't made any announcements it's not like pace at all gee you know we. We just lost our decline is it just people who having an opportunity. To do more analysis of the stock. There might be people doing more analysis is also there might be a lot of momentum trading and here you might have had a lot of people. You know who would set up you know some strategy saying hey you you know I've got some mortars that are gonna cascade and at a wanna by Ian but if it goes below 28 I wanna sell and then there's other people who level orders that if it goes below point 750 they wanna sell. You know you might have something like that that's going on here. IPOs are volatile you know let let this veal lesson for everyone you know is there are a lot of people out there I can't tell you how many people I saw that on Friday. Talked me and said are like I can't wait to buy now jets it's the first stock have ever owned it's the only stock I want elements of them don't know you know that's nice that's that's fun. And these years of your young young people a couple more couple more older couple were in their fifties you know in just kind of wanting that next hot thing. And I haven't heard many of them today you know it's it's it's strange they they've gone quiet. On meets at this point. Would today what is your opinion of the fact that they need to shares non voting I mean that to me he was. Flashing red warning signs when they say yeah or issue the shares but yet you don't get a vote. It's a it's a long term problem in terms of corporate guidance. And corporate governance I'll tell you. That there have been a number of investor groups that are pressuring. Both the S&P and Dow Jones and other indices to not include. Snapped Chet in those indices once they finally qualify which usually happens after about nine to twelve months Boca. And there are a lot of there's a lot of pressure did not include the main indices because the publicly traded shares are nonvoting shares and so if Rory snapped Chet shareholder you're one of the people who bought snapped them. You don't have a say in the company and lets you own a different class of shares which is not publicly traded right now. Dale busy day if they don't get included in the indices that really hurts them you know I looked at an analysis the sport has just been reading a lot about snapped because I don't fully. It's very difficult for me to fully understand. Their business I don't use the product I elected to sign up but I haven't figured out how to use it. But they're they're losing do you get a point in my snap from last week yet. No. Fair I your first now open and you still haven't opened it. I don't huddle. At the app on my phone up professionally but anyway he beat their revenues are 400 million. Expenses are 900 million so like I look at it they're losing 500 million dollars a year. And then exit okay well which if they can grow but it the way I figured that they have to grow it 50%. For ten years in a row in order to meet the market cap and that. You know they might do the big money grow 50% per year but they've got a lot of competition from Facebook's like Facebook's connect to sit back and and let them because it if they grow at 50% a year that means they're taking market sheer weight from Twitter which they might be able to do. But are they going to be and take market share away from FaceBook and Google and YouTube idol thanks Juan and at least idol I I don't mean to speak at that may be a moral. And I think the other question that I raised throughout all this is look what if something else that's new comes along and starts taking market share away from them because there's always another company you know we we always see this intact. You can not get complacent there. Otherwise you end up dead. If you want a few examples of this let's talk about digital let's talk about weighing let's talk about Blackberry let's talk about where HP is kinda going on the hardware side I mean if you there's a laundry list of companies you you can go through while pollution technology Cisco's like this there's a ton of companies that even if they don't end up dead. They don't end up making you money. And right and that's what you have to understand is look. That the companies and tech they can make money over the long run they're few and far between there's a reason why apple Amazon and Google are so special. It's because there's so many other companies that have tried to do what they've done and can't do it even those companies over sometime pierce can't you look at apple without Steve Jobs. Before he came back in the ninety's. It was it was dead money. You know the company is on the verge of bankruptcy so you can have good products but still have a bad company and that's what you have to understand also. Let's take a look at health care stocks. I am looking right now truck at both Merck and Pfizer. They're both the shares of both companies are down more than 1%. Based on a tweet that Donald Trump sent out this morning. Regarding competition among health care companies and a lot of people call for us you know the the the exit hate it. You know if you look at who wrote the obamacare law that was largely the pharmaceutical companies detonate the obamacare law. Was very favorable towards the big pharma companies and that if you look at how well they've done over the last seven years you can thank Obama care. Now that obamacare is going to be repealed and Donald Trump is tweeting about more competition. That sounds like it's having. A big impact on drugs. Yeah I mean you've got stock down a little bit today in that sector I. Again I think we've we've seen this before Donald Trump tweets about something. And either a sector or specific company ends up moving. I think what remains BC news what he actually end up getting dawn. And that something where I think there's a wall own way to go before you see anything on drug pricing. I don't think that's something that's tackle any time soon to be missed. You don't think that's part of the trump care agenda. Well it's not we've seen the first roll we've seen the first Dodd draft proposal and there's nothing about drug prices anywhere in. Speaking of that we will be joined in a few minutes by Bryant rise from Bloomberg intelligence to help us further breakdown. The trump health care proposal to actually have Paul Ryan. We wish pride because the Ryan plan but he really that's just a few minutes away. A full and detailed analysis of what the new health care plan will look like assuming it can get through congress and senate. Another story though China. It needing. That they sold. You re sol which is even worse right they've they've bot technology. From the United States in the bot technology from American companies. In the and they illegally. Sold that technology. To Iran and they're gonna pay a one billion dollar penalty as a result. Yeah and this is Chinese cell phone makers GTE is going to be paying his billion dollar settlement to the US. And pretty much what they did. Is they had bought as you said a number of American components from. American companies. And pretty much what they did is they re sold a lot of these goods to Iran. Which was prohibited during this time and so. This is something that obviously we've heard. The trump administration say hey look we want to start dealing with China and in cracking down on some of the abuses this is clearly an area where they are doing that. And I don't recall. Hearing anything like this during the last ten years do you see where we're trying to say yeah we fessed up. I mean if you talk to. Businessmen in you you have a client who did business in China got ripped off yup if you talk to business people. He beat the error he one of the select my words carefully here but there they're not terrible the forthright in their business dealings in a speaking of the Chinese. A lot of American company same age at which we don't want to do anything with a Chinese company because. They don't adhere to contract law they lie cheat steal. An and and this is just at an added mission in my estimation this is an admission. Of the fact that they don't appear to contract. What I think in general way and when you specifically looked at intellectual property it's an area of real weakness. In the Chinese losses and just about any what is said. You know we've we've seen the the issues that companies like apple had with not only counterfeit phones but in some cases UF counterfeit apple stores that are set up that have the apple logo on them. But are not run by apple in their run to legally and apple can't do anything about it because of the way. That the international property. That international properties that are I'm sorry. I'm sorry not enough electoral intellectual property is dealt with. In China so. You know what when when you take a look at it that's the big issue that you're facing here this obviously slightly different issue but there's always been problems operating in China because of how intellectual property is dealt. Up next we will be joined by Brian rye from Bloomberg intelligence review and analyze. The Republican health care proposal that this is not the final product. But it is what's come out of the house or senators Paul Roth that our next topic from our insurer match dot com studios. A Korean Chirac. Stood on the financial exchange radio network. -- -- an asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you -- this is -- are strong and I'd like to talk to -- about the law -- of -- handle and they'd been creating -- state plans for folks in New England for more than thirty years and they can help you -- -- all the different types of -- available I can understand the confusion when it comes to a state -- do you need to -- global trust do you need an irrevocable trust and what's the difference -- it's an expert advice and -- -- dollars put together a free -- it will help you decide the best plan for you and your family you can receive this free guide the differences between -- -- and irrevocable trust by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors -- long term care expenses -- right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange -- dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer mention agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes zero you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered -- of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match that's 8449. B nine match insure a match works with the leading carriers in the industry -- bella Plymouth rock and more their license for all types of insurance can contribute time stress the money with just one phone call and one relationship. Call today 84499. Match or go online and ensure a match 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 here Cora collecting rent from one tenant for a 101 tenants. He ran it might be something that you want to look into Jake talked about zero 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 hardly in the hours were still collecting checks in paper form in this NH. 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And our brand new website financially strained showed does come could be on demand includes I didn't follow the markets from pillar to post Olympic financial exchange showed John John. The repeal of obamacare was front and center. During the campaign last fall and it was a major part of Donald Trump's platform and I suspect. It was a major contributor to his victory in November. We're joined now by Brian rye from Bloomberg intelligence to help us better understand what the Paul Ryan in the house playing in the Republican plan is for health care I Bryan Murray. I'm doing great thanks for having me. I know you spent the night kind of reviewing. What is in the Republican healthcare plan I was wondering if you could walk us through it step by step if you. Well you know that there's I guess eight a few. The key changes in and first of all you know this is not a pure repeal it or not. Repealing the entire law works for word they're using what's known as a budget reconciliation process. To repeal key provisions and the reason they're doing that as they can do that which its that simple majority of you know 51 votes in the senate. But they tried to repeal work toward they would need sixty votes and Democrats to block them from doing that. But I think the key changes that are trying to get better number one to eliminate the man taking a right now under the eight PH. If you don't if you're required to buy insurance and you don't you have to pay a tax penalty. You know this bill would eliminate that debt to be in entirely 20 for both individuals and employers with that. Second thing you would do as it would were essentially replace an honest system of a financial support for premium for premium support model for individuals. A with a refundable tax credits that change by age not not by incumbent by age and so. Ranging from 2000 dollars secure you know thirty or under up to 4000 dollars if you're over age sixty. And then nothing to the main thing it does or the most in structurally. Insignificant thing that it does. If it changes in Medicaid program on the federal state and health insurance program for the poor. Essentially converting it now you know from me a federal match program into a per capita cap program. That would significantly limit the amount that the federal government would spend on. On the Medicaid program over the long term but also get state now more more flexibility and freedom to operate their programs. As they keep that. Ryan won't be one of the changes that I noticed. Was that in in place of the mandate effectively. What they do which if you've been out of coverage for more than 63 days. You now have to pay a 30% penalty on your first year and coverage. That goes to the insurance companies so it seems like if you are out of the system it's actually harder for you to get back in. And it seems to be money that's going to the insurance companies for some reason I don't quite understand. Well and I you know this is I think he touched on one overarching concept of I think because they pay pretty industry friendly bill in addition to that they repeated the and bill would repeal all the taxes imposed by the law on the various sectors of the health care. But the attacks on health insurers attacks on medical device manufacturers attacks. On brand name drug makers I think that the provision it touched on this in an effort her. To have a mandate without having a mandate essentially to try and encouraged. Continuous coverage and I think one of the concerns that debt insurance status and again you know realistically insurers have been pulling out. That existing eighty exchange is because they're losing hundreds of millions of dollars. But because the current eighty exchanges are very. Consumer friendly and very ensure unfriendly. He can sign up for coverage shouldn't lots at times very lenient grace period. Dissident have to sort of tighten those up and then also I think one thing the Democrats likely to pounce on that this would. Raised the sort of that the age rating bands now right now on the BAC that you could only. Charge your oldest sickest patient three times as much as her youngest healthiest patient in terms of their premiums. This would change that from 3212521. And again that the goal there to try and make it cheaper. For younger healthier people who would sure love because they've been like at Bristol healthy to get more of them into the not into the pool. But efforts. The flip side of that same coin Islam you know you're gonna make interest more expensive for the older plastic of people. And that can be a PR problem and I think that's something the Democrats are likely to focus on in the coming months. Brian were at the age bands previously at that five to one in most states up before the AC LA. Yet he's sort of become a state that's of freedom to do that and and and I think that's where I. I think most policy makers are comfortable doing it but again BA BA that the goal there was to its. You know make things they give those that are based at the older sticker end of the spectrum a better looking at what whenever you have. Whenever you tinker with the health care system you create winners and losers BA BA did that Ellen was enacted in 2010. And this spill whatever effort that Republicans ultimately you're able to pass. I'll do the same thing just probably slip in those winners and losers are. What's talk about the winners pity the winners would seem to be taxpayers right because if your beat their taxes. The obamacare taxes going to be repealed on January 1 of eighteen and display current. Yep it's so you know you need to do is they'll kinda think are totaled fourteen taxes that are repealed. That would be repealed by the blog including yet the individual investment tax that I think zero point 9% that. Individuals individuals instantly. Or pain right now for that and again also all the other taxes on the industry which policy makers hope. Could then be funneled into you know job creating programs you know president trumpet just recently came out to support. You know for the planned for this concept that Republicans put forth to have the support of Republican leadership's so going to be hard sell. But again it's easier said than done. Rate rate Larry do O'Brien thank you very much for your time we appreciate it. Thank you. Brian rise from Bloomberg intelligence so Chuckie I think yes. In and I haven't read the entire three and 300 page report but the one. Group of people that I ticker going to be adversely impact. Would be if you're sixty years old C 64 years old. In Europe moderate and weaker maybe you're making 5060000. Dollars a year up and you're buying health insurance on the exchange I think you're gonna see a big increase in. Premiums while I think that's one group the second group that's going to be impacted is if you are a member of the working lower costs you're absolutely getting less money in the spine. Working lower weight we teach her for your effort to any. Any music I've I've of what do the math on it and pretty much the subsidies are cut anywhere from fifty to 80%. A bit again. The right. Think this is what we voted portal there's an that was in this the the contention I think a lot of people who noted on this issue people voted to make health care more affordable I don't think they voted to. Completely gut coverage especially if you look at the job Medicaid expansion being taken away in 22 running that's eleven million people that all of a sudden aren't public. Yet that'll be it because it would it does is that pushes down to the state level right in the states are gonna have to say OK to either raise taxes. Or you cut benefits and if you cut benefits go to law. Wait and you don't think there's enough fat they eat and cut out of the Medicaid program. The Medicaid program in its program typically the bit in Massachusetts the Medicaid program makes a 33%. Of the state budget. Yeah so you could cut 20% out of there and you're still not making a big enough dent to cover all those additional people. Now well it will be adjusting to it CD you know not much attention was paid to the penalties that question are trying to get to his. Let's say you are. A an employee you're playing for a job and you don't have health insurance doesn't and you apply for job and you get work with IBM. Does IBM have to pay a 30% surcharge because you went sixty days without coverage. No it's not on the individual market so it's a super market that you're seeing there. But let's say that for whatever reason if you have and what we know that people coverage can drop if you're out of a job you can and it's our coverage for three months easily. This is something that I don't really like here is let's say that you lose coverage for three months. All of a sudden it's more expensive for you to get back in the distance a year incentivized. To stay out. And do not think so. I understand that you want to get rid of the mandate it I get what people were trying to accomplish there. I think this terrible mechanism for doing so is it creates more adverse selection them. Up next we'll have a trivia question for you and we've got to pull question for you based on the Donald Trump health care plan our shifts at the Paul Ryan health care plan. That and more next from our insurer match dot com street. Making your Smartphone even smarter I don't know mobile lab by surgeons financial exchange shelf in iTunes or those who who played Stewart this is the financial exchange radio network. This is a special announcement for a landlords chasing only rent payment and making trips to the bank to deposit checks take how a lot of rain today with zero leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW Doug he rent dot net to learn more or call 7816418691. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exist while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free -- or download it at our website financial exchange showed dot com if you have over 400000 dollars in invest more assets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 803934001803934001. Terry suffered securities America incorporated members and SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group mysterious American companies are unaffiliated. Estate and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you hide this is -- are strong and I'd like to talk to you about the law firm of Cushing and -- they'd been creating a state plans for folks in New England for more than thirty years and they can help you too -- all the different types of -- available I can understand the confusion when it comes to a state planning do you need to -- global trust do you need an irrevocable trust and what's the difference you it's an expert advice and -- and dollars put together a free guide that will help you decide the best plan for you and your family you can receive this free guide the differences between -- global and irrevocable trusts by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors and long term care expenses caller right now and get this free -- 8668485699. 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Stay on top of breaking financial news by becoming a member of the carries brigade a month on the financial exchange dot com and sign up today. Trivia is brought to you by the the onyx dental gel with the onyx is revolutionizing. The dental industry. He recent double blind studies UC Irvine found that with the onyx makes. But removes plaque two and a half times better than the leading toothpaste for treating gingivitis. Order yours today by visiting best dental jail dot com that's best dental jail. Dot com actor and director and producer Rob Reiner turned seventy years old this week's who were doing trivia based on Rob Reiner. Which university did the characters Harry burns and Sally Albright at ten in rob rioters in 1989. Film. Cold when Harry met Sally and I don't remember this one. Our text number is 68681. Listener with a corrected natural weaned to travel coffee mugs. A T shirt and to put it. Which university did the characters Harry burns and Sally Albright and in rob writers in 1989. Film. When Harry met Sally. Tolerate. Final assessment on. On the trump care plan chart you didn't sound too excited. I give it a C minus two would be. I. It has like it because it lowers my taxes pay and an idealist so they're obviously gets rid of everything else yet be big if you. They might be criticism. On the way that obamacare was designed is acting like with the way it was funded anybody who had a job in insurance was paying for anybody who didn't have a job. In interest rate it it isn't isn't that the how obamacare worked effectively kept pretty Mattel was. Be in and actually Romney care it would have the same premise 1%. And mine knocked on that was I would have been more comfortable place at Hayward at the 2% value added tax. To pay for health care for her and not health insurance just health care. For porn and it intelligent people wouldn't find that but the way they did they put all the backs of the working. It is to pay for sure this one at least he at and I recognize it's it's not the perfect plan. But at least it's giving some tax relief which is what a lot of people want to he's a lot of people if you vote over that. It's giving most of that relief to people who don't need it. What the because of these that. Did you talk about the four point 3% tax on higher earners yeah I mean you you you pull that off and look I'm I'm all about trying to reduce taxes but if you look at where this is shifting the burden. The people that are going to be hurt most by this are the people who voted for Donald Trump. Early. That's that's what I'm seeing like when you look at this bill and you will get the subsidies and where they're moving here's another thing that's here's another feature of this sub bill okay. There's a decent chance that because of how it's structured you wind up seeing more employers cutting coverage for people because they in theory can say hey. It'll be cheaper for you to go and find a plan on the open markets all of a sudden. You lose employer based coverage. Oh you are gonna definitely lose a dollar base cup so I I look at this and you know that's something that potentially is a major issue especially those subsidies than those tax tax credits those aren't set in stone those can always be changed down the road break. So from my perspective I look at this bill and did their parts of the that I actually likened that I think makes cents okay. I think that restoring the age bands from three to one to 521. Makes a ton of sense because that was a massive subsidy of baby boomers by mullah needles and I and that's were age bands have been previously I think that that is actually one of the smartest things that they do when he. I think that in turn that's gonna kill people that are sixty years old I won't know it's gonna mean that it's what it was five years ago. I don't but it's still gonna it's gonna take. Think about your client whose 62 years old and loses their job for just want to retire early in his going to be buying health insurance on the open market. And increase their premium by 40%. Well it absolutely is but here's the court you know who you're upset about this bill would about obamacare because you said it increased your burden and you were paying for people that you shouldn't be. Mine is why should I have to pay for 65 year. Okay now here's the thing here's our health insurance works when it's all said and done. The basic premise of health insurance is that we pay for other people beyond ourselves if all we wanted to do was pay for our own coverage we got nothing but we'd be responsible. In if we didn't have money we get no care. So the basic premise of health insurance is that you're going to be paying for the people the question is how much. We determined that five to one ratio was acceptable until we need to find another way to fund it and then we said hey let's get the millennial to pay for the boomers. I think that's where it should be and I think I've got a pretty good case some. Well I'm our poll question today is are you in favor of the trump health care plan. And I Croatia worded it differently do you think it's better than obamacare in my estimation news it is I I like. The trump plan better than the Obama plan. And I'm and I am looking at this from personal perspective. I'm looking at the amount of taxes I've had to pay. As a result of obamacare. Right now 44% of our audience is in favor of the trump care plan. And 55%. Are saying no you can vote on our. On our website its financial exchange showed dot com let it snow eve had an opportunity you've had twelve hours to reach view that you you knew about it last night. And now you have an opportunity to vote you'll like. Pete do you like to trump health care plan I voted yes. Evidently chuck I'm guessing you voted no. I did vote no. Just to confirm Tucker did you to do you do you care to share with us you're vote. I said no rule needed look at young people don't like our. I've talked a lot about our friends at the insurer match agency they exist to make sure that your assets are protected if you're like many of my listeners who won't hold one or two cars. You're the perfect candidate for free consultation with one of their agents to help you review your insurance needs. Call them today at 84499. Match that the 844. 99 match. And let them prepare a personalized plan that is the best coverage but the best price duo also dig out all the discounts preferred customers like you can qualify for. Call insurer matched to compare multiple rates from all of the top carriers including our bella Plymouth rock and more. And 8449. 2844. 99 match in short match is licensed for all types of insurance. And they can save you time stress and money one phone call one relationship that is all you need call today eight for Ford 99 match or go online. And insurer match dot com. Jet unite disagree on many things but one thing we agreed on that should set to three years ago. Was that we did not like go pearl as a stock like the product I have won the a news wasn't crazy about the stock evidently a lot of people are that are piling on yes. And what you're seeing here is on Monday yesterday. Goldman came out with an analyst report indicating that they had placed a sell rating on the stock. With a price target of six dollars a share and as a result. The stock fell below eight dollars for the first time in its history. And this the company. That back Ian twenty he was thirteen or fourteen. Tony fourteen. When it IP owed at one point reached a market cap or I'm sorry stock price of over 85 dollars a share so it's down about 90% since then. Goldman came out they said look the company's gonna remain cash flow negative. Through 2017 and as a result they might have to start tapping and credit lines in order to stay afloat. This company's gone from having about a ten billion dollar market cap down to a billion dollars in about two and a half years. You know way with meet me. Uncomfortable with the stock in if you windy you stated its peak news thirteen yet was what's he win there was October for October 14 rather. Way to go in and give your homework assignment take a look at the insider selling windows around that race. And you'll see that the founders of the company. Were dumping the shares I think they were getting seventy dollars a share for for that stock. And I brought this up and in. I brought it up with it was Michael brush from from marketwatch.com. And while the very it's you know it's okay this. A lot of times guys will do that to diversify their purple NIC rather. You know if you're selling the company that you work for in years and you're young and you wanna stay here for a long time. I thought I looked at that is very bearish indicators of thirty dollar stock losing two dollars and 74 cents. This somebody is it worth it in any way you talk about her small company announced a billion dollar company. Is this something that Microsoft or apple war Hewlett-Packard says what will buy it for 500 million in just folded into our product line. So you say if someone wanted to pay half price for right now yeah I I I've yet because I'm trying to think you know like wine. Yeah he they kind of reached the year at their price collective isn't it you wish you very similar. Yeah yeah it's I think I think you've got a spot on with their where if you say look of this company lose another forty to 50% could they be a buyout candidate there. I think so just as there's some value to be an intellectual property. Beyond that I don't know how much the companies really worth. And let me just take a look at wanna see how much debt they are carrying right now. That the companies like. Like this should be carrying any dad they've they've got a little bit I mean it's it's not it's not huge it's not terrible so. Yeah I mean you figure if someone if the company lost another 50% he got into that 40500 million range I just someone making a buyout offer for them but. I don't think they're coming back company Thompson. You have got a five year old go pro camera. And I I don't pickle by ambulance and they don't make any recurring revenue off the president no no. Advertising there's no way in lusty carpet or wrong but it you know you do as you. It's it's a camera right is it's a it's it's a video camera and you can use it while you're water skiing you can use it while you're mountain climbing. But what you bought one you're probably not gonna buy the one at least up for awhile. Now it is exactly it's it's just something where there's no. There's no incentive for customer to come back to you an idea that the question then is. You know with a company like that you get into war how much is the is the company paying to acquire customers. And if they only buy one thing is it worth it you know it's not like. If you spay and 200 dollars to acquired the order customer than they use it for eighty years OK you've made your money back if you're spending 200 dollars to acquire go pro customer. And they buy one go pro for you for 300 box. You're not making money then because you got to factor dollar of the cost. Now they've got me thinking trying to think who could successfully integrate this company knows it. Number FaceBook bought. A ridiculous. A few years who would they pay for octopus two billion dollar that hit a billion trying to pick I don't really know who would want this as everyone else has camera technology already. And it adjust it it's and one of what's tough for me to imagine someone needing to buy them because everyone's got this in house. Great race is there's nothing terribly unique about this now it it seems to me it's like trying to buy a company that specializes in VHS tapes as dvds are coming out. It up next we'll be joined by JP Bennett from the Motley Fool will also have the answer tort trivia question all of that and Bork. From our insurer match dot com studios. You radio that can enrich your life and help your portfolio. Grow as the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. Hi this is very Armstrong here's a health's that you might not be aware of Americans spent over seven billion dollars a year on toothpaste and toothbrushes yet. 47%. 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A -- an asset protection planning can -- overwhelming where do you start and how do you know what type of trust is right for -- hi this is -- are strong and I'd like to talk to -- about the law -- of -- handle and they've been creating -- state plans for folks in New England for more than thirty years and they can help you -- -- all the different types of -- available I can understand the confusion when it comes to a state -- do you need to -- -- trust you need an irrevocable trust and what's the difference -- it's an expert advice and -- -- dollars put together a free -- it will help you decide the best plan for you and your family you can receive this free guide the differences between -- -- and irrevocable trust by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors -- long term care expenses -- right now and get this free -- 8668485699. That's 8668485699. Or download it right now from their website legal exchange -- dot com. Our our chart here and I'm joined by estate planning attorney Todd what's with the law firm of Cushing and Dolan were talking about the differences between revoke oval and irrevocable trust. Todd if you've already established a revolt global Lori living trust can you simply go back to the attorney that drafted it and of mend it. In an effort to have it be common durable quibble or Medicaid trust. Yet the answer is yes you can go back and get an irrevocable trust but no you cannot go back and calm and the old trust. So I think a very requires him. It requires the crafting of a new document. Absolutely in fact I'm gonna tell you right now if you do go back two year old lawyer to get it changed and here she says oh yeah. Weekends we can you know. A man this existing trust that you have walked out that because it's a recipe. For disaster. He's irrevocable trusts are not simply going to take the word revoke evil and make it irrevocable and somehow that fixes it it's the language that needs to be in the document soup to nuts. The guts of the trust that really provides the protection you're looking for. From the cost of long term care and and I might add that just because you've done a revoke of trust in the past. That's not a black thing. But you might have done a fifteen years ago it might be time to say you know what I'm older tax laws have changed their words and has changed circumstances changed. Maybe I should go back just to check and say maybe it's time to switch to the irrevocable trust to better satisfied my current needs. If you don't have long term care insurance it might be a really good time to learn about the differences between revoke global trusts and irrevocable trusts. The phone number to call is 8668485699. Call Cushing and Dolan. And request this brand new guide that describes all of the differences between revolt global verses curable Coble trust the poll number. 86684856998668485699. 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 of that listen button had financial exchange showed dot com. In the 1989. Film when Harry met Sally directed by Paul griner. The characters Harry burns and Sally Albright both graduated from the University of Chicago. And the winner on this question is Jeff from Winchester Jeff takes on the financial exchange prize pack. Featuring two travel mugs to pay and and the financial exchange he shared their tribute contest has brought to you today. By avionics dental jail will be on X is revolutionizing. The dental industry in a recent double blind study at UC Irvine. Found that Libby onyx removes plaque two and a half times better. Then a leading toothpaste for treating gingivitis. Order yours today by visiting best dental jailed dot com that's best dental gel. Dot com and we're joined now by JP Bennett from the Motley Fool here to do a little bit of stock talk JP thank you very much for joining us. To JP we've got to stocks to talk about here the first is O Reilly automotive. Ticker on it is OR LY. 25 billion dollar behemoth in the automotive aftermarket industry why do you like this one. We're doing all right one. Now area I don't I do like it. That make it that does that they're budget aftermarket auto parts chain where there are around 4800. Or than. The company's services posts that do it yourself in the duke formula market. And I think the name an interesting right now because of other weapons recovered. After they reported a fourth quarter results. It's still down a little bit from Wendy your post first reported that Amazon is. Looking to get really aggressive in this state that instinctive. Be pretty foolish to just completely right off Amazon here but there a couple of things that I think investors need to keep in mind and first and foremost is that. And pretty much every customer service have come across. He immediately being able to get the apart right away and to be the number one driving factor for why people vote to brick and mortar stores over on line. And depending on the survey I can become an era that he'd have to percent of respondent stated that it. The thing that I need right now and I'm willing to pay a little bit more forward and not you are about. I'm mad though is actually did quite and the service that they can get these doors. And O Reilly is acting Kotnik comes the upgrade. And training employees and things like that and if you think about how cart has become increasingly complex over the years. This is something that he is gonna continue to play a huge role in deciding where you get your part. Now the one area where Amazon does Pavel Roddy in most brick and mortar or beef is with I think. But again if you look at the average right now that really on the up primary deciding factor for really small subset of customers in the dual use of state and that would I think you're actually going to. The is that Amazon gonna comment and there are going to be able to really ticket to the online only doors. But it's going to be hard for them to kind of encroach on the brick and mortar it really quickly that what you may have seen in the Amazon do in the past in other industries. And it it just kinda keeping in perspective right up until this bill O'Meara I. An industry. So even if and I'm grows there continue to grow on that point percent annual clip they're only gonna take small. I share of the market and I think the company's O'Reilly is poised to continue to consolidate the industry and continue their streak of around I think it was. But quarter represented a 32 consecutive quarter in their better eat yet. JP YU like. O Reilly better than some of the other brick and mortar ones out there is just how they run their business or is there anything in particular. Yep I think it echoed about the kind of weather that before it turns out you know having a part. Right away when you needed in crucial in closing act now and O Reilly their distribution and their capabilities there. Their best in class. Whenever anybody kind of book in the epic that conduct surveys but they aren't at a rally in. It's part of waited that patch and they do really good job of training their plate and making it says that when someone comes and you know and they want to state the money by doing it and Albert is taking it to a mechanic. They have. The employees that are able to kind of help them with any. And it questions that haven't kind of walk and do what they need to do to to feel confident to be able to do it and. Dipping it seems like sales on O'Reilly are growing pretty consistently kind of in that 78%. Annualized range how much of that is due to opening up new stores vs same store sales growth. Yet so they're able to do. Makes them both and if you think of that industry overall. The industry overall is. Basically. Growing really moderate. More though about pricing and just pushing their price increases over time it's not like I rapidly growing industry. And so because of that you're getting you're getting good and they're spelled growth but consolidation is related name of the game here right the big. You know ten players have over fifty to an industry the Big Three out of the vast majority of that and if you think about it just in terms of the leverage additive. These players the bigger O'Reilly get the better term their vote again wit their suppliers and it really helped. I'm from the cash flow perspective and give them way more negotiating power and they can kind of then used that tactic continued to expand to gain share and buy up other companies as well. Very good JP thank you very much for joining us. JP Bennett from the Motley Fool the ticker on O'Reilly Automotive if you wanna take a look at it yourself is O all or LY. In Chucky raises a great point I mean if you're working on a project in your car yup you want that part right. Yeah you don't want to be told though that will be here on. It's Tuesday today ought to be here on Friday no eat eat eat your car as your mode of transportation right or you don't you don't even want it eight hours from you know it's a war where you want to be able to these exactly so it's I view this almost similarly to a Home Depot in that fashion. Yup the day in and I don't think Amazon can compete and that's emptied because once you start on that project you want it now he's going a weak point for our he only 36 hours that. Dow is down six points as we speak crude oil's trading at 5329. Truck exotic and very Armstrong. Broadcast from our insurer that dot constant. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exists while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free -- were downloaded at our website financial exchange showed dot com if you have over 400000 dollars in invest more assets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 8039340018039340012. Terry suffered a securities America incorporated member finreg SIPC and advisory service is offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. 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And we're talking about interest rates we are of the opinion that interest rates are going to rise two or three times during calendar year when he seventeen the big question is chuck. Why is the Federal Reserve increasing the federal funds rate now. Yet the big reason why the Fed bumps up that federal funds rate. Is because they feel that the economy is on pretty stable footing and I simply want to make sure that inflation. Doesn't get out of control of there's too much money floating around in the economy so what they do is they raise that federal funds rate and it has two effects one it makes borrowing a little bit more expensive. It also raises the amount that people were able to get on things like CDs and savings accounts helping them to keep money in the bank instead of spending so. Would we talked about how housing. Is hot in prices are rising in young people millennial they're getting priced out of the housing market people can't afford to buy a house to house because prices are rising too fast with the Fed take that into consideration when they're looking at raising interest rates they would housing does factory and all their inflation metrics that they look at and so is definitely something that factors in. And what you see there is that as rates in the uprising mortgage rates go up to makes a little bit more challenging to buy a home okay so the rising mortgage rates would actually depressed housing prices good to know. Hey folks if you like to get a guide called how to invest in a rising interest rate environment call my office at 800. 3934001. That's 803934. Zeros or ones we are of the opinion. That interest rates are going to rise two or three times during calendar year 2017. If he'd like to receive a copy of our guide call couple free 803934001. 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The reverend in Waterville Valley visit Waterville dot com Waterville Valley resort is a proud partner of BMW. -- -- an asset protection -- can -- overwhelming where do you start and how do you know what type of trust is right -- you hi this is -- -- -- and I'd like to talk to -- about the law -- of -- handle and they've been creating -- state plans for folks in New England for more than thirty years and they can help -- -- with all the different types of -- available I can understand the confusion when it comes to a state -- do you need to -- -- trust do you -- an irrevocable trust and what's the difference -- -- an expert advice and -- -- put together -- free guide that will help you decide the best plan for you and your family you can receive this free guide the differences between -- -- and irrevocable trust by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors -- long term care expenses -- right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange -- dot com. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce in 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value leader back. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're so leave your world. Stay informed and today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck soda. Lead story today. Of course is the repeal of obamacare. And the vehicle that the Republicans will be using to replace it. Hi everybody it's very truck with you here on a Tuesday in. We finally have an idea shock has to with the Republican plan entails. Or run through some of the bullet points that I made on it I've been reading it the last fourteen hours. Taxes the obamacare taxes will be gone on January 1 of 2018 so yes you're still gonna have to pay them in 2017. Fewer people are going to be covered I think that's. A given. Rather than subsidies for your health insurance you're going to be given tax credits. Somewhere between two and 4000 Lloyd did read that they are capped at 141000. Dollars. They're being no penalty. For not buying coverage. But once you come back in to purchase coverage you're gonna pay a 30% surcharge. If you go more than sixty days without health insurance. Older customers I think they're the they're gonna feel the pinch more than young customers or their customers are gonna see. That they could pay as much as five times what younger customers. Is paying for health insurance whereas. Under obamacare it was some maxed out three times. And children under the 26 and under will still be able to ride on their parents coattails which I didn't like that under Obama care. And I don't like it now in mind missing anything. Nothing goes beyond the biggest provisions in there what you like the other children 26. In your when your 23 years old right it's time to move out of the basement and and and become a person and and responsible the job done. The whole bit like what what you understand what the age 26 provision really does it keeps young people in the system. Jail. Which young people are healthier and help to keep the cost down to the longer the you can keep young people in the system on their parents' health care. The more likely it is they stay in the system and keep it cheap for everyone else. That was that the logic behind and I thought the logical result in the economy's bad and you know we have to help these poor kids because they can't find a job it's 20090. That's that's what you'll say but in terms of what it actually does it keeps young people in the system because. The big problem with obamacare is now. When you look at how well. Actuaries projected out who was going to sign up for it. The projections in this is based on just how healthcare workers or Oakley. The projections called for an order to make it sustainable. You need about 40%. Of your participants in obamacare to beef from that aged eighteen to 34. Now okay. What you ended up with was only twenty person but so was significantly less than what you want to there that's part of the reason why plans got so expensive so quickly. Is because young people myself and Tucker. Look I've got to the doctor once in the last three years okay. We keep the cost down for people who tend to use health care more often which is going to be Tucker and I in about thirty years because as you get older you tend to use it more often it's just how is a pretty much what you're doing is you're subsidizing yourself down the road well when you don't have enough young people in the system. It breaks down because it gets too expensive and that's part of what happened and that's why I like the age point six provision is it keeps more young people in to try to keep cost down. It just isn't enough to actually do. My observation chuck was with with my three adult children that were covered during that period timeless. They all had jobs are at the one you know fidelity Santa and there they are good jobs Oppenheimer yup and they had health insurance offered through their employers. And you know what they just had lost just stand my dad's place. We have the because. But you or off a four. Let's I think that's it that's your decision though you could say look I'm not keeping you want him you know like it's I get that they said it but you could have at any point said OK I'm not covering you anymore. Room break in and they would been forced on to their you know so which was more expensive it's going to cost them more yes of Sally you're forcing kids on the their parents' plans. Anyway we we do a poll question along those lines today in all read to you are you in favor of the trump health care plan. 54% of you are like me in your saying yes I prefer the trump health care plan to the Obama care it only forty. Five her for 404546%. Are saying. You know the needle like I thought the I thought there would have been more people in favor of the tropical here. Which is really kind of a standalone. You count on your own covered porch it's time to ask flat out a turtle I like. It kind of straddles the fence a little it's it's not like it's it's kind of shuffling the deck chairs a little bit which is why I think no one's really happy with like there's. It it doesn't change a whole lot I think in terms of the actual. Execution it's just moving to the cost around in terms of where it's going you know to it. The issue that I continue to have as it doesn't address the actual problem which is an insurance but the cost behind. And if all you do is deal with the insurance beast you're not gonna actually get cheaper healthcare you have to deal with care now with coverage. You know the if you're right maybe I I do tend to refuse. If it is it is in me is this what people voted for it and in this is what we're about to receive. It do you see this story about Tom Brady 78. Million dollar meal kit now. I know you and talk Earl but he's only a dollar yet that visit my as the millions. Seventy mile seventy dollar meal would I say seven million dollars. What does that mean you know. So what's it all about he'd talk to you that you gotta say do you emailed me the story early this morning. Yeah I mean just think of it like a blue apron or any of those services and they pretty much send you a deal yet. A prepared. You kit of what Tom Brady would have on a daily basis pretty much and I think there's like you know six to seven meals that are in that barks at. It boils down do do the math that's thirteen dollars a meal which isn't that bad for what you're getting. I don't know that's pretty expensive for thirteen tells me oh yeah after this kind of food. Yet mostly vegetables if it's a lot of veggies like I do would have started doing in the last a few months or so. Is for once city rice and beans now does is tells the air and what I find I spend on average on a weekly basis about three dollars. So you can get I guess the same veggies for 78 dollars that Tom Brady's name Al Gore about the dinner chuckling what are you spending at dinner and averaged so by do it roast chicken on a Sunday night I'll spend about fifteen dollars for the week dinner is Ira you know for the week up for the week yes I'll cut. And that the like this you're talking like seven pound chicken. And all of a sudden used on Sunday just you know the base then all of a sudden you could turn indicates the as you can turn her talk you know there's ton of different stuff you can do. And it gets me for four days of meals. Although he's been prepared meal plans are pretty expensive they pay all our might yeah. We we tried the blue apron one and I found that wasn't enough food I was still hungry I've heard I thought people. Yeah I'd eat the meal and and and preparing the food jock took half an hour right just to prepare it was like a thirty minute ordeal. And then I I would prepare my wife and I would be Egypt and then. We will be covered inane to it ends up happening is because you subscribe to it right you're getting these you know 22 or three bags a week of food. And you get behind you know you go out to dinner couple night sir your your I don't know you skip the meal all the sudden you have all this foods in your fridge and in a thrown half of that away. Yet not entirely in your control there and I've definitely heard that the portion sizes are too small for a lot of people. And you know it's again I'd I think that these it's an interesting idea I've yet to see anyone who executes it. Even in the perfect when he can like pause a weakened do things like that but I've I've yet to seize it one of these execute. The exact way I would become kind of a food snobs so yeah. I get that I'm not the target audience tonight I know that it's not necessarily intended for someone like myself who look I I would like going. To the grocery store like picking things out I I enjoy that process of one of the few people in America probably does because everyone else thinks to waste time so I know on the little weird up. But I also wonder how much Tom Brady's brand is worth in places like I don't know Atlanta. Philadelphia. Since Lewis sees North Carolina Saturday what date he. Cardinal lineup by the so they hate Tom. They do it Tom Brady but they're also might be an awful lot of high school athletes who wanna play like him and Mike convinced their parents to do this. You think and I can we be surprised me to what what do you think talker guy and he's we're kind of in a bubble up here just as we don't see anyone side the patriots fans but. I can definitely see I think the places that you'll see this picking up. I I know that something like this will be popular California just has grown up there to begin with. It's a health craze. State to begin with so there is there an awful lot of you know pulpit high school football players. We'll probably sit there saying hey I could be the next Brady if I get my parents to bring in on this I could see this being a slam dunk that. And by the let a company behind mrs. a purple carrot which are guesses another blue apron of the world fuel rate right. Who woody we're learning more about this GM deal and you know one questions I had for you chuck it in May not be fair question but everything I've read. You know points to GM just floundering. In Europe he just doing terribly. But then I read Ford's annual report and some of a gun they are making 1213%. Of their company profits in Europe so how can Ford make a profit European GM. Is a dud. Ford had four A I think has had some mob better vehicles over there you know GM tried to go through their Opel platform. For the longest time they produced a couple good cars off of it. But they never really figured out how to gear. The brand towards the kinds of cars that Europeans like to drive which tend to be smaller and much more fuel efficient because a you typically use trains for longer term for longer distance transportation. And beat the cost of gas is so expensive here. You know you're talking. On unleaded gallon by gallon basis anywhere between six and eight dollars a gallon across much of the continent so. Ford figured out how to do that they built a lot of cars specifically for that platform most people don't realize at the Ford Focus okay originally was developed for the European market. Okay. GM never really was able to get the kind of cars they needed and the problem is you know that they ended up spending a total money for very little benefit there and so what they're doing. In this sale the Peugeot. Is they are assuming an awful lot of debt about three billion dollar in debt. What I was gonna say it's really not a sale as he did this is the day or pain there yet so they're painting was over their pain it would take their problem. Billions of dollars down. That's that's pretty well assail this is like. This is a surrender saying a weak weakening operate in Europe for a variety of reasons in Ian in on night they're not pointing the finger but. The more I read about the Steelers and myself what would if they got themselves into during. When he yours it's it's pretty much a complete capitulation and just saying we give up get us out of fear that that's effectively what they're doing it's a I can remember the last time I've seen something like this on this scale I mean you see it occasionally for small things the last time that I probably saw something like this. Was what HP bought autonomy for like nine billion and then wrote down eight point two billion a year later. Now like that that's the closest I can come to think if anything like that. You know I think about staples you know they sold off their European operations but I think they got a check for like fifty million yet it it was a relatively small piece I think the whole thing was you know relatively tiny this again they'll think you're talking about it. Billions of dollars million dollars I mean. It's it's rather remarkable to see at this scale. And give Mary Barrow lot of credit for doing this is there's not a lot of CEOs who would. And only Wall Street's not very in crawled with the the play ended the stocks down another one and a quarter percent at 3744. Yes and sometimes with good in the long term hurts in the short term this might be a case like that is getting rid of those pension obligations it's huge for them. There's no end in sight to the deep slump in brick and mortar retail the author of that story is wolf Rick Turkey joins us next from our insurer match dot com studio. One shrapnel tore everything business and finance it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure -- -- agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's 844 and 99 match many of our listeners don't know home and one or two cars that that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match -- 84499. Match insure a match works with the leading carriers in the industry Blake are bella Plymouth rock and more. Their license for all types of insurance and continued time stress the money we've just one phone call and one relationship. Call today 84499. Match or go online and ensure a match 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 means a faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest 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 leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender stimulus number 449250. Subjective credit approval leader bank a step ahead state. Juries are for securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's our daily poll question that financial exchange showed Doug John. Vote your conscience there aren't just vote go to financial exchange oh god come into castaway. Based on stock valuations every now and then I get tempted to buy it retail stock. And then night dope slap myself and talk myself out of it thank goodness. And today we're to talk about brick and mortar retail with wolf richter from business insider I wolf are you. There at our event and glad to so what's the bond market Telus telling us about brick and mortar retail specifically give us the Neiman Marcus stories he would. Yet Neiman Marcus the luxury retailer that based in Texas and mental forty stores around the country. I had apparently a restructuring advisor bad news came out on Friday. And a restructuring advice when Iowa made its restructuring you'd get it trying to restructure his debt in the market at five billion of that. And it opt in bankruptcy now the bespoke a boatload is that bankruptcy is not a in the immediate future no there's but it took that off the table but yet he can't restructure outside of bankruptcy that you wouldn't go that. But hey I have a billion dollars in debt. Are bad. Three billion dollar amount that's being traded in the market. And one and it can now. Alone. The value at all that it stated that on his dad and on the door. And and respond. And I'm on about sending it down to hear it but dropped it as to what it depends on the dollar. And when hello blocks see that it won't be here today. And collateral there is nice upbeat that collateral. Oh and all blocked it is ranked in the 08 cent on the dollar that in the market that the items you distressed. And went along drop below seventy cents on the dollar that he is on and in default. So that that's what I mean the market is right now. All law. We failed yet had become you ointment. Every just equity debt been. A clot and some pop market. True privilege is not a big stage. They had been at the minute on market and not all market you know all Wal-Mart no one year has been incredibly on the investment that kind of money in it. The only including ought. The only that there is retail brick and mortar retail and I have gotten clobbered them now on noble decision of distressed debt. There. The loans worth of loans that are trading you know eighty and public politics in the market. Is not sixty point 6% as of February. That highest since the financial crisis. And alone that say you know that he spent on the ball that. Impending default it stepped dignity and though from hero and a copy. Protect our apple last year and I popped back involved. When they knew it. You know you look at that deal we reported on an Oprah a month ago that Hudson Bay was interested in buying Macy's. But then I come to learn. Yeah they'd love to by the but nobody will define it that deal because everybody thinks Macy's own business. Yet it that the problem is with malt you know well. I suspect finders. And happened in the past using leveraging its properties and mall and yet need to get that is financing and with the retail. Pulling back like values the ball but it's there right and we had it won a Baptist neatly with. Commercial mortgage backed securities on wall. I'm in there so nobody want these. Then on all that really the issue there in and go back and get the financing together or equipment is that table that they are probably off the table. I agree wolf I want to thank you for joining us and folks if you wanna read more of wolves analysis go to wolf thestreet.com. Wolf richter thank you very much. Tucked in Turkey you know when you look at retail and ended unity you know I've sat in the same meetings where. You know one of the analysts will say well gee you know they we should take a position in JC Penney here you know we named the reach Ottawa get real specific on one company that. I don't know the the retail world. It doesn't seem to have found a bottom. No I mean the the only company in retail. That I Iran really trusted this point. Is TJX is they've they've proven that they can navigate the waters right now even them I kinda look at it's like. Yeah I trust them but do I wanna put my money where my mouth is no not really like it's. It's it's a scary sector at this point because of Amazon and it's it's rare that you see in the industry so completely disrupted by just one player usually there's a couple. Nobody in this case it's it's just been Amazon just coming in. And just laying waste to just about everyone else out there in forcing them to pivot to it to being age and electronic retailer. I'll tell you who I worry about next and that would be Home Depot and Lowe's. You know we and and anybody that supplying contractors unity you look at the the guys that are shopping. At Home Depot and Lowe's soft and our guys that are in there handyman they're doing additions are putting in new kitchens. And and their their commercial that see these these guys that have their own businesses yep if you talk to them. The eight to now are gravitating more and more towards Amazon because Amazon is selling. The they're selling tools they're selling household supplies to me. He I'm not sure even Home Depot and those who have been immune for the last several years on. Sure they're safe. Now the big question will be same day delivery can you get it on a widespread basis. Of who will sleep. Hey we did we come back we'll have a trivia question for you from our insurer match dot constant. You've got a barrier in strong 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 it 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 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 your how long has it been around. We've been offerings he ran for almost two years now two years and his have been success has been extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in this day in age. And the purpose of zero needs to really bring everything on the line between electronic but more importantly. 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Match insure a match works with the leading carriers in the industry Laker bella Plymouth rock and more. They're licensed for all types of insurance can save you time dress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com. All the latest financial trends in the womb place it's the financial exchange we've Barry Armstrong and chuck nada on the financial exchange radio network. Trivia is brought cheat by looking on X dental drill. The economics is revolutionizing. The dental industry in recent double blind study UC Irvine. Found that Libya on X removes plaque two and a half times better. Then they'll leading to place for treating gingivitis order yours today by visiting best potential jail dot com that's best. Dental gel dot com. Which actor played the role of president Andrew Sheppard in the 1995. Film the American president. Our text number is 68680. The first listener with the correct answer will win a prize package that includes two travel coffee mugs. AT shirt and two hands. Which actor played the role of the president Andrew Sheppard in the 1995. Film the American president. In our tech's number is 68680. Or why older women may have a hard time getting tired did you read this story like it when I read the headline port truck. I said that what a bunch of baloney and then I read the study behind it. As a whole now the startling. It's it's actually pretty significant this is a research done by the San Francisco fed. Pretty much what happened is economists and doubt about 40000. Fictitious applications. Four jobs that are typically. In low skill positions so we're not talking about. You know high skill white collar jobs were just talking about positions where age doesn't matter it's something where. You could pretty much anyone could do a lot of these jobs. What they found. Was that the call back great four in general. For a lower for younger applicants typically in an age 2931. Range was much higher so there is age discrimination both against women and men. But what I think we've talked about age discrimination yep past I mean. You view you know if you talk to your dad there. If I can tell you just and talking to my peers which you know my buddies are in their. The late fifties and early sixty's yeah and you lose your job when your 63 years old. Good luck getting another job. You know what what they found though was that there is a significant difference between men and women in a particular. Women were discriminated against more on an age basis. Then men wore and again the these are completely fictitious applicants that this was something that they were testing it's not anecdotal data. They were looking at it's something where they said look we're gonna send out 40000. Applicants and he what we actually get back and they saw pretty striking results here and they have no idea why it happens or all of. They they do easy easy theory in and they can't prove it obviously that they said they with they don't have any evidence and why it's worse for older women. Well there is speculation is this bad. Women don't eat as well as they did you read that and they wild speculation that they don't have any proof. So I wonder what is it like that that's that's the theory rightly that theory is city the economists say that's what did the service to a you know women don't think television news struck or you'll see a lot of Luther by mail the I mean that's already been extreme example though. Let's just be honest though right TV news looking your TV news anchors even look at the Boston market harper bark you look at the New York market right. You'll see. Guys at work is news anchors well into their sixties Howell how long does a a female news anchor work. Well exactly but I think that that's something that we've spoken of before and said look this is you know clearly. There is a hiring preference towards younger female workers in that. In that field largely because a lot of it unfortunately. Tends to be appearance based the first thing people see and unfortunately. You have some hiring practices that then take that into account but. Note if you're talking about you know Wal-Mart clerk. I don't think it's quite the same in terms of what your what you need. Or may not be what you in terms of being able to do the job and not talk about core competence and just talking about Hitler's preference well it Big Brother higher and we would've done did you is it rather hire an old and generally. Why I know but I'm saying like it in a position like where again where you're running it cashiers stand at a Wal-Mart up I don't understand why. Well he did it it almost doesn't matter you know we're not talking about underwear model and here. Oh well thank goodness thank goodness whose job are you get let me tell us. They did growing gap between jobless claims and job losses now last week we we glossed over the is we probably should spend more time on this last Thursday. But last week we have what 200 in 23000. Jobless claims yup and that was the lowest we've seen since I think the early 70s1970. Threes you're going back in more than forty years since you've seen jobless claims. This little. Speculation. Here again is that. The reason you don't see higher jobless claims is that it's harder to collect unemployment today that it was in the past you buy that. Not really are you. Well didn't the number ferret out I mean it used to be 76%. Of jobless claims were accepted now it's down to 70%. In the theory behind it and and what I think is has happened is the states have tightened up remember back in 2009 when they were you could collect unemployment for two years yup. Now you can collect unemployment maybe thirteen weeks to you know depending where you live. If it's a very abbreviated period of time. But the states have these huge deficits when you're talking about Connecticut. Rhode Island New Hampshire Massachusetts. They all a lot of money because they had excessive unemployment claims back in 200910. And eleven in the let people were allowed to collect for two years. So the speculation here by the Economic Policy Institute is that. It's harder to collect unemployment now the states are tightening up on on eligibility. And it's a lot more brief and be poured it in and the job markets better so if you lose let's say Euro well. I think the second piece is more what we're seeing. This idea I think there's if you're qualified worker and you get let go I think it's a lot easier feet higher today because there's so few qualified workers out there. You know and give everyone that I talk to and every business now whether we're talking trades whether talking tack education health care whatever it is. I have yet to find anyone in the last six months that is had an easy time hiring people. Talk to people in the trades and you really get that message yet he talked to somebody who's. A contractor trying to build houses. Somebody in the pool business rate the pool swimming pool businesses all it is getting geared up now there evidence Dickenson at time again. I talked to a guy yesterday who runs a fencing business. You know doing the putting up fencing and so force. And he says he cannot for the last two to three Summers has not been able to find enough qualified workers just because. He continues to get people the ages don't show while. They can't do the work whatever it is just can't find anyone to do the work and he says look I'm trying to pay people of a pretty good wage and I can't get anyone whose interest it. I got a new pool guy pain twenty bucks an hour confine him you know. Hey quick announcement on behalf of Armstrong advisory group. How to invest in he rising interest rate environment LT white need to know how to do this. The ten year treasury with in the last year's traded at about one point 3% today it's trading at 2.5 percent. We are next week in all likelihood going to receive a Federal Reserve rate hike. On I think that'll be Wednesday. Fifteenth when we get the rate hike up. In addition you've got for the predictions are that you're gonna get at least two rate hikes in 2017 if not one is if not three. So rates are going up and make a lot of people I know. People like doctors OK what do I do you have when manage my money in a rising interest rate environment. If you'd like to get our free report for the month of march give your phone number to call it's ovary. 803934001. That's toll free 803934. Zeros or one this is something I worked on. In February why did it work on and forever and you rates are gonna go up pretty good idea. That rates are gonna go up I still think that interest rates are gonna go up and I techniques only two times this year I think it's going to be three that's just my prediction. But regardless would you agree with me or whether you agree with chuck. We think interest rates are going up let's just a matter how much are they going up and how should you be investing. Accordingly the phone number to call the receive the free report for the month of march is toll free 803934001. 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. How do you feel about soda tax truck. I like it as a means to control obesity I'd like to he had done and revenue neutral way were tax burdens are ever reduced elsewhere. Then. I was out. He. I just I I looked at date and we're just starting to see the results like Philadelphia went to Philadelphia past their soda tax year ago let's say yes or around may or June of last year in that ballpark. The the sale of sugary beverages Coca coal sales volumes fell thirty to 50%. Now the bad part about this is it's creating jobs lost people losing their jobs at work for the soda companies up. Pepsi saw a 40%. Drop in beverage sales. End the speculation. As to when we talked about this that while people just drive outside deleted by the so they're not doing you're just. Consuming. Less soda as a result of the Philadelphia soda tax and and you're talking about. So it down soda consumption down. You know thirty to 50% now we've talked you don't drink soda I don't drink soda you know and part of it is just education right you you don't drink soda because you know how much orders. I don't like. I don't I don't drink because it makes me. You are fatter. In a fog and again and the towers they eat something centric episode but the you have to wonder there's a lot of other cities that are gonna get a soda tax cuts Sampras yeah Disco going to do them New York. Boulder, Colorado Cook County Chicago is talking about do and it. Yunel would once Marty Walsh gets in his. Look eyes on this because it raises a lot of revenue for the city Philadelphia is making big money they're expecting filled out. He's expecting to bring in 91 million dollars for the 91 million dollars that was significant amount of money coming in there. You know we we get a lot of text that come in that say look I don't want an extra tacks here the fact is if you don't have the tax on soda you're still paying for those health care cost are higher premiums. So whether it's a direct taxer and in direct one like that. It's being applied somewhere and if you don't drink soda it's better to have the tax their digital drive down consumption otherwise. What do you because we don't know that it's gonna make us and helped your rate the that's presumptuous that it's going to be we're gonna have a lower incidence. Of diabetes five years from. It it is so that we are talking about I think in just about all the research right now is pointing towards excess sugar is being one of the biggest contributors. To us being kind of rotund on average. And this is one of the easiest ways that you can crack down on axis of adds a lot easier to do it on something like this. From then on the processed foods and things like that just because it's much more it's much more difficult to try to make those foods with out any type of show. Makes you wonder about Pepsi Coke or did terms of the stocks broke more than Pepsi think I've got a little bit more diversification because they do a bigger snack food division so I mean that's something that potentially has an advantage for them. If both of them though as you mentioned look at it does make you wonder about the long term future there and I believe it was Coke last year for the first time. Actually rolled over a little bit as far as their diet drinks sales to so we're not even talking. About sugary drinks were talking about diet drinks too for Coke did she bit of parole for all of the efforts from both of these companies right now. Focusing on that noncarbonated beverage area. Yeah water energy drinks sports drinks and things like that that's were all the money's being poured into because I think they know. That's soda is eventually. And maybe sooner rather than later you know panic coming to little bit of an inflection point. Up next what the answer tort trivia question and if you own an Alexa beat you where we got that story and 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 web site. Financial exchange Joseph Johns come on this as the financial exchange two radio network. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exist while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free guide or download it at our website financial exchange showed dot com if you have over 400000 dollars in invest more assets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 803934001803934001. Terry suffered securities America incorporated members and SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's 844 and 99 match many of our listeners don't know home -- one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers late you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry like your bella Plymouth rock and more. Their license for all types of insurance can save you time stress the money we've just one phone call and one relationship. Call today 844 and 99 match or go online and ensure a match dot com. It's not too late to get a great rate on hold 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. Or visit 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 processing teams for additional information call 8776917900. That's 8776917900. Were visit leader bank dot com. Member FTSE equal housing lender and Milledge number 449250. Subject to credit approval leader bank a step ahead. State and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you -- this is -- are strong and I'd like to talk to you about the law -- of Cushing handle and they'd been creating a state plans for folks in New England for more than thirty years and they can help you too with all the different types of -- available I can understand the confusion when it comes to a state planning. 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors and long term care expenses caller right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange -- dot com. Securities offered to securities America members in ray SIPC advisory services arbiters securities America advisors -- carry on from representative Armstrong advisory group in the securities America companies are unaffiliated. Barry Armstrong trucks. George daily team for a comprehensive look at business and financial news on the financial exchange radio network. Gold is trading down six dollars an ounce and this segment of the financial exchanges brought to you by leader blames bank. If you're looking to diversify your portfolio precious metals are Smart investment gold and silver bullion coins are now available. At all leader bank locations call 8776917900. Or log on to leader bank dot com. For more information. Michael Douglas played the role of president Andrew shepherd in Rob Reiner 1995. Film the American president. And Bruce from Mansfield had the ranch a year burst takes on one of our financial exchange prize packs featuring two travel mugs to pens. And financial exchange 2 eastern are trivia contest. Is brought to you today by Libya onyx dental jail. With the onyx is revolutionizing the dental industry in a recent double blind study at UC Irvine. Found that Libby onyx removes plaque two half times better. Then a leading toothpaste for treating gingivitis. Order yours today by visiting best dental jelled dot com that is best dental gel. Dot com. Chuck I thought of you and I saw the story this morning on CNBC. Amazon gives up fight for Lexus first amendment rights after a murder defendant hands over data. This was your big concern about Alexa and that he told me this is why you would never have winning your files. Yet I'm still a little nervous because what what happened here is this was a trial where. A guy who may or may not have murdered someone. Had an Alexa in his house. And effectively. What what we wanted to do was see if the Alexa picked up any recordings or anything in particular any of the data. That it picked up to seat that was relevant to the investigation. Amazon and said no we don't wanna give this up you can't force us to give this up. And what happened in this case was. The man who's accused decided to give it up voluntarily here. So the problem that I have with this is it it still is not put to the test whether or not. Police can compel Amazon to give the data ups are you still don't know it's still kind of this legal. Quandary as to whether or not the data is accessible or not and so this is one of my hang ups on a on effectively. Getting one of these not because I'm going to you know go murder someone next week or anything like that. But more just because you never know what laws are going to come on the books and what they will make illegal. And you simply wanna have yourself protected in the event there's a legal overreach. And all of a sudden you end up kind of get yourself in trouble for something that wasn't even illegal previously those the kinds of things that that I worry about. Is you know overreach on. On the legal side in the not having the constitutional protections that you want so it's something I'll continue to watch but unfortunately no real resolution. And Alexa effectively just so people understand where it is it's a device it sounds it's it's about the size of the cannibal meal you put her on your counter. And you can walk into the kitchen or wherever you happen to have the device and say hey what's the weather outsider. Alexa in three can you orders some horror peanuts to have be delivered from Amazon and you it's me it's a computer he talked to to do things right to how's that exactly it's it's it's pretty much you know automated personal assistant is what they're trying to build. You know him and you know a lot of people like it might moment daddy's knee gave rave. Going to be bad year for Lyme Disease via 2017. This is. I I have one does he ever had Lyme Disease from. I haven't I've I've known an awful lot of people who have some mud that you were treated and it kind of you know problems and others that. I've had some long term lingering effects because of. Yeah I had a buried back in 2009 it was terrible. Yup it's I had it like it was Lauro than that the but I caught it early DG pitchers early to go to we gonna past week and a half and I caught it. That the DC in this I didn't understanding I think of Lyme Disease truck is being something. That's brought on by the by gear right now I try to keep that gear out of my yard nice brie you know esprit. The stuff on my plants that they won't eat it up and it keeps away but he actually be seen Mike's. Horror are contributing factor towards the spread of Lyme Disease yet in. In what you see. Is that for whatever reason. An increase in the number of mics that are around is actually better predictor of how bad of the year you'll have for Lyme Disease as compared to. The deer population so unfortunately. A lot of mice kicking around right now looks like it might be a tough year for Lyme Disease. No fun there at all hey folks the Dow was down 25 points to 20928. Crude oil's trading at 5337. Mining is very Armstrong he's truck is ought to. We're broadcasting from our insurer match dot com stick.