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Full Show 8-10-17

Aug 10, 2017|

Full Show 8-10-17 by The Financial Exchange

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This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about the economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. British talk about the medical profession today specifically doctors who are valuable. And respected members of our society. But one in twelve positions and nearly one in every five family doctors. Have accepted payments from drug makers that sell prescription OP Lloyd. Painkillers this according. Two were review. Of federal records hi everybody it's Berrian check with you here. So Thursday. I didn't know the stage gate were you aware that. Doctors are taking payments from old Buick maker Soria yup I I was unaware that idea I I don't know why. I would have thought that that would be some kind of an ethical. Breach. Not just OP would makers but any drug maker. I thought there were laws in place chock that would prevent doctors from receiving payments of any kind. From drug manufacturers there was it would seem to taint there are advice would not. There are limitations on how much they can receive and in disclosures required which is why we have this information is because of the require disclosure and but they are not prevented. From taking any money or if generally it's reimbursements for meals and travel and things like that those kinds of things not just the here's the when he dollars guarantees those kinds of things in. Think he might typically the average payment that we're talking about here is fifteen dollars. Well. To not talk about a lot of my best seller of the payments or large I looked on your big down. The on average top prescribe errors of hope you it's got 2600 bucks a year so if you if you prescribed a lot of hope you woods boy they were in your pocket. It definitely for you want is their pocket it it definitely definitely creates the appearance of conflict of interest and is something that's. Well just think Abbas in our industry were fiduciary script we're not a lot to take any payments. Known it in anything that you do receive in terms of there's a gift or anything you've got to disclosed just like this you know so it's again it's it's something that's is allowed at this point and I don't have a huge problem with allowing it necessarily you don't. Not really a mean even with the trees the OP I mean we've got her a few guys knew this or not forty Americans die every day. Not not once a week not every week not every month forty of Americans die every day from overdoses due to these medicines. This and that's CDC information yet there's no doubt about it and and and I know that we. Braille against the overuse of hope you're feeling prescription but do you think it's over prescribed yeah there's no doubt about it but. We also then would have to prove causal link between these payments and said over prescription. It's a good place to start well I know they they can't be but I can't just say they're paying them and and that's why it's over. Shrines and now finally being Nate. I am just thinking about this right and it would be out I'll give you an example. Idea. If all of the sudden IBM was paying stock brokers. Twenty bucks to recommend their stock or twenty top twenty dollars every time they sold a share by BM. To there clients. That would be an obvious conflict of interest I don't understand how it's not conflict of interest with the medical profession. And not just hope you it's by the way folks are talking about cancer drugs blood pressure medication. As in a lot of cases in order to Ian this is they they covered and they're not simply paying it's not here's twenty dollars per prescription it's not. What is it. That keep in mind as though it it would be total payments last year that were received on this was 38 million dollars for not talking billions of dollars for 375000. People knew him. No so again we're talking an average of fifteen dollars and two. Like why is it any they like widely why should a drug company. Pay make any payments it it's it's that much money just on this one drug track. If you think about all the other drugs that are out there you really are our drugs being over our our our doctors perhaps. They're human right are they perhaps guilty of over prescribing distress and I'm not talking about just OP it's your truck and talk about drugs in general. Are we get doped up because the pharmaceutical industry is bribing doctors it's a terrible thing to have to say. That is my question no. You know prepare the. How much the average doctor me. Like the F regulate basic GP is making a 17580000. Dollars a year your specials are making 3400 that was near you think that. They're going out of their way for next to the top ones are making twice 600 dollars a year now in these payments. That's just from the open to its subject how many other drugs they prescribed but as well but all saying is in the broad scheme of things. It's a drop in the lake. For the average family it's a ton of money there's no doubt about it now if you're doctors making 400000 dollars a year. You're gonna all of a sudden say you know what I'm gonna start giving my patients more OP woods doesn't get next fifteen bucks. Oh I'm gonna go out on a limb here and on NSA doctors should not be allowed to receive payments. Not just from mobile makers put up any any drug mean without tends. What about. I don't know can a doctor get repent from overnight I don't think they should get anything and I what I say what you think the drug companies should not be allowed do. Anything for doctors' offices. I guess they should be allowed to educate them they should I do what they do that. Go and talk to them saying hey this is the benefit of our drug addict how do you find the time to talk we know doctors get jammed or what incentive does doctor have to take money out of his day it was a charity care their patient stroke so how. How are they gonna do how you pay for you go to you go to the doctor's office you say hey. I'd like to come in and talk to you about this new drug you read about it in the American medical magazine. And and here it is I want explain it to what what's wrong and so they can't bring them a bacon egg and she's saying is bring them anything and it just reeks of impropriety. I mean chuck you work at a highly regulated industry do you're not allowed to have that I disagree with a lot of that regulation. And it's just because the appearance of impropriety doesn't mean that anything illegals actually going on anything bad is going alone. And again we're talking about fifteen dollars here for doctors who make hundreds of thousands. You tell me that's what I did check that's on one particular drug. I had about the blood pressure medication what about the cholesterol med and he just go down like how many different drugs does a doctor prescribed is every pharmaceutical salesman in there and you know Greece and they're all. I I don't know the answer. But I don't think they should be allowed to give a darn thing. Every doctor takes an oath to do what's in their patience test and they do end. I still play some value in that are there doctors that over prescribed there's no doubt about it but I think that when you look on a doctor by doctor bases. The vast majority of them are doing an awfully good job based on. The patients that they deal with them and remember I let the right doctors do not have all the answers anyway us. They're incredibly Smart but if we knew how to stop every disease. We wouldn't be how. Having this conversation should doctors be allowed to receive payments from open you would makers I should've just made it to I write every thinking my question here talker right should've just said. Should doctors be allowed to receive payments. From any drug makers war medical device makers does that sort also workers struck. You know years you'd need a new beat rate. And strikers in their saying into the docks well you know he should be you should be using our new Euro are hip. In its instead of the one and maybe they should be using the other knee in the should be paying them to use they shouldn't be that paying them for prescriptions been. They exit lake. Again this is all I'm saying is that it's it's not necessarily. A bad thing Ryan we'll let our audience way and eight you can participate in our poll by going to our web site. Financial exchange showed dot com should doctors be allowed to receive payments from open to it makers. Were any in for that matter from any drug manufacturer I don't think they ship that but that's just me that's just my opinion. On that matter. I did just you take them the finances out of the quick now what it doesn't become a topic of conversation he'd get it you just know that. Doctors aren't allowed to receive payment for cancer drugs or any other kind of medication that just again Leah we're have to agree to disagree. Coming up we'll be joined. By John policy from the from Bloomberg or talk about Americans dying younger. For the first time we've seen a reversal in life expectancy we'll talk about the financial impact. Of Americans dying younger thing about it as it relates to Social Security deficits we've discussed in the past. And pension deficits that we've also talked about a lot in the past that is next from our insurer match dot com studios. Trump hasn't passed any significant legislation yet but tax reform and Health Care Reform are still on the table will either pass before the end of the year keeping here with Kerry and chuck for the latest on the president's agenda and how the markets are reacting. This is the financial exchange radio network. As you near retirement age it's very important to make sure that your state is in solid shape hi this is very Armstrong and if you listened to Todd Lutz he's weekly show the legal exchange you know that he's an expert on elder life and state planning the Medicaid rules change almost every year and taught has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017 Medicaid planning guide and you can receive it right now by calling 8668485699. 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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 well also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates -- carriers an -- tour for 99 match let's 8449. B nine 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 stressed the money with just one phone call and one relationship. Called today 844 and 99 match or go online and insure a match dot com. Barry Armstrong here and I'm joined by vice president GA tool from leader bank. We're talking about zero rent this is exciting because zero rent isn't method for landlords to collect their rent electronically but there's now by refining Jane that it's being widely adopted by Condo associations tell everybody was he rented. All right so he rented the product we invaded leader paint. Comedy can be found it WWW done the right dot net and it's essentially. And online payment technology that allows landlords to collect the rent electronic tenets. So there's several advantages first and say goodbye to being reliant on the US Postal Service. Goodbye to delays in the mail and no more need for paper check right where it's really a laudable and you don't even have a check. We're getting that all the time lame horrible call in and sign up because his tendon is saying you didn't check the British really starts to get funnies when you your landlord in you have. Multiple tenants living in units grad students your university. While right now they're all writing multiple checks and sending them in and for a landlord source become confusing pain in the neck so would he Reynolds who has it will actually deputy each tenant can individually matches in 101 team unit to landlord. And then of course there are reports in notification to all great but going back here question Condo association's a lot of Condo associations have been using you aren't as well because the cargo. Payments that kind of the shirt to every month at the same. So they've been signing up and there's a version of the rent for condos. I'll be darned well sounds like a something that you need to learn more about folks visit. Zeev rent dot net to learn more that's a website address or call them at 8776917900. Toll free 8776917. And 900 why collect your rent or your Condo fees with paper checks get with the modern age go to zero rent dot net or call them toll free 8776917900. Security suffered through securities America into a member finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Get the most comprehensive weekly economic updates from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. This is the headline that caught my attention. Americans are dying younger saving corporations billions of dollars. We're joined now by John pausing from Bloomberg I don't John. Gary good so generally speaking what's happened to American life expectancy and death rates since 1950. Well I'm kind of looking over that Kyrie did on average I'm like expectant teen US has improved by about 1%. Per year. You know and edited out there's a lot of variation from year to year but that's sort of a long term I'm improvement actuaries. I deserved. Until until recent. Okay so go back to the year 1970. You work until your age 65. What was your life expectancy or what was the life expectancy of the 65 year old back in 1970. Her life expectancy at six. 65 in 1970 was about. Until just past eighty so people can expect to live about another fifteen years. And what about a 65 year old that is retiring. In the year 2010. Well at that point you know like expectancy had increased by about four years. Several people have a life expectancy is at sixty fives on average traveler until 84. In fact be you point out in your article that in the last few years. Life expectancy rates have actually been flattening out and declining. Yes civilly and he's since. Around 2010. The re which I expected the improved. Has slowed down pretty significantly from that you know 1% year average committee about half that. And for all life expectancy actually. Decline in. 2050. Slightly wicked. In I highly usual in you know wealthy developed countries there's no war there's no Hammond. I'm just the bed and actual decrease in life expectancy is as pretty alarming signal. But let's go back to 1970 verses 1910. I would speculate that a lot of the increased life expectancy there was due to the decline in Spain tobacco and smoking we we don't agree. Yeah I mean I think that's that's. Part of it smoking rates certainly have. And effect and you know other things like medical innovations he knows the development has. You know cholesterol lowering drugs then die and I doubted some alternatives. Things over this period contribute cute. You know that that changes that were looking up. So would have that possibility today. Do you think our life expectancy is declining because of obesity perhaps or maybe drug use. You know it's really hard to connect on any one factor. People who study this say it services in a complex. Eight you know our arrangement of staying within ten interactions between things that. You know I think some people have pointed Q. You know the effect. Drug abuse and alcohol and suicide there was paper that got a lot of attention there. It is key years ago on on those topics meaning that it acted as BCD. Which has been rising steadily for a number of years this is also we have potentially. Are coming in to play but it's until they are dictated that any one thing is not responsible. Power pension plans addressing this because you know we hear about the shortfalls for social security and public pensions and private pensions. Will they perhaps to benefit from this decrease life expectancy. Well yeah it's important that this is just one factor as many that goes into. They're estimating a pension obligations and it's not. It's not generally the biggest. You know things like that read about it returns that. This cap rated salary levels and all that in effect. Pension obligations. But it is it is a factor in you know what we noticed mortar story focused on its back. You know hey this is significant enough that companies are actually starting to take into account. In there. You know their their pension obligations. You know we count about a dozen big industrial companies in the US that. Have. Did disclose the impact of these. Are there were lies mortality trends in there annual report. Today he mentioned a couple of them Lockheed. And. I. Used them yet just homeowners who again they're you know it. It's several other companies and that this guy category you know did big get. Big employers seek retirement. Either retiree population. And you know they eat what they do it today. Draw on projections that actuary is unique. And when the actuary sort of revived there projections based on recent trends in mortality. That can affect their their pension obligations. Are you seeing similar things in like the UK you're Canada. Yeah you know there's actually. This is not a phenomenon. Each key United States there's for pork. Recently looking at those three countries that in you know that the slow down in mortality improvement. And in all three countries. It is two different decrees and you know one of the things that report from a UK actuary. A group had mentioned was that. You know they're after the recession and there were certain cup action social programs and safety net programs that you know generally. Don't protect. Vulnerable people on you know providing health care. Social benefits and that those kind of stereotype back to commitment while pronouncing the UK. Could be contributing to. And are seeing. Or get John thank you very much for time we appreciate it. My talked causey Bloomberg. You know you look at this smoking rates rate would sue the first that we had was just 1970. We can understand why mortality rates were. Much higher right here ashore back in the seventies could be opposed smoked right and if I was at 40% of American adults smoked cigarettes in the 1960s so it's amazing in the the Libya on 65 at all. But now you're you're down two what does it mean 15%. Yet it's it's. And I think my cumulus an amateur like thirteen or fourteen. But. What has happened along the road you know during that same time period. Is we've got a lot fat obesity OK there's no doubt we've gotten fatter when you take a look at the leading cause of death in the US number one his heart disease okay. No they don't call out obesity but that could be it's a lot of berries or reasonable tied to obesity. Cancer doesn't really have a ton to do with obesity in some case but sometimes cancer. Are related to wait and died in things like that chronicle or respiratory disease that gets more ad down. You know smoking in that something that has declined a little bit. Then you you know you've got accidents you've got stroke which is related to wait and you've got diabetes which is related to wait so. You know all of those different pieces order drug use you know we keep reporting on OP aides. I hate I wonder if that is that to the point now. Were drug and alcohol abuse. It is starting to affect mortality rates there's no doubt it is it it absolutely is affecting them on TV news there. There's evidence that but I actually we have an interview coming up that demonstrates that as well. Maybe the potential is that people are drinking more heavily. And using more drugs and that's contributing to higher freedom brutality I think that there is hit it in a lot of cases there's a pretty clear link there. At this point and in what you've seen here so this is in terms of destined to drugs but okay. The in particular for OP it's OK okay. From 1999. To 2014 and the numbers there the rate of open UA deaths increased from one point four people per 100000. Up to five point nine hole it what Drupal hole. Okay. So that's only as an intimate in by 2015 it was up to seven Hillary is now is we we'd probably don't have the sixteenth I don't have the sixteen ones but when we know it's illegal it's likely be no school in sixteen years it Quinn topple. OK so you know when people sailed into the open good crisis has expanded greatly. It's quick the number of people dying from mobile woods now has gone up. Five you know I don't think any teen years early people appreciated until. It affects their immediate family. Or some like their neighbor's kid if something like that unity until it happens to somebody you know because. It it's still a relatively rare occurrence is not something. If it's always of the it's happening to the neighbor until it's not until it's in your house yet again it used to be some that the point 001%. Of the population and now again it's it's five times as bad as it was fifteen years ago. Up next we've got Wall Street watch Andy trivia question for you from our insurer match dot com studio. Making your Smartphone even smaller here Dell logo mobile lab by surging financial exchange show in iTunes or those who who played store. This is the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent date we zeroed leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW dogs he ran dot net to learn more we see 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 Z -- dot meant to learn more or call 7816418691. Hi this is very are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus when interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office and my free guide municipal bonds one of one and 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated your financial strategy has to include a thoughtful insurance plan insurance exist to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage of 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 you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered we'll also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers at 844 and 99 match let's 8449. -- nine match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. Their license for all types of insurance and can save you time stressed the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dot com. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that 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 of faster closing call lead 776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Time now for Wall Street watch a look at the market's performance so far today but I do Berrian jug right here on the financial exchange radio network. Many years have been anticipating each stock market correction it's possible truck that we here at the beginning stages of that. Market's been down the last couple days. Or is down last couple days and continuing today the NASDAQ off the most today down a little over 1% down 67 points the Dow was off 111. The S&P is off seventeen right now leading the way down. Both tech as well as financials not off the most today. In typically you know has been the sectors that have kind of carried the torch so far this year so. You know looking for a little bit of guidance out of market leadership right now are not getting it tonne in the positive direction so I think you know raises some questions about. Whether the rally we've seen for the first seven and a half months as they're running out of steam. You know he I know you've had emails and people vast Q and last year this same question. How much of this might be related to North Korea. And having 6070%. Rolled up much yup. That's the with the way that I view markets in general is that they're based on confidence and they're based on confidence that things are going to be okay and so. Sometimes all takes is just a little bit of rattling a little bit of insecurity. And also get a couple people selling and and a couple other people lose faith in the market. And then next thing you know you end up with the a correction they run on the bank if they don't typically happen because things are as bad as they dollar. Now 2008 was the exception. Because things were that bat OK but you go back to late January of sixteen when the market was down 18% not much has changed him. You know it's it's it's a lot of movement around the edges but in not much really happens at the. War today's earnings report date for Macy's and we will be asking trivia questions about the department store company. In which year did the very first Macy's store. Open. Tough question our text number is 618681. Listener with a cricket tour winning 25 dollar gas card. In which year did the very first Macy's store. Opened in our tech's number as I mentioned earlier 68680. A company we have followed. Even prior to their going public is blue apron and they continue. To have more competition. And they continued to go down in value. Yet the either facing some additional competition from a a new startup called shaft. That has raised some funny business model same business model now putting get a meal kits to send out to people who and shift has raised money from las Smithfield Foods and Campbell Soup so raising money for some established players just trying to get a foothold into. Be prepared meal space in the kind of the meal kits based blue apron reporting its first quarter earnings as a publicly traded company today. And at one point they were down as much as 18% there rallying a little bit right now but you can still get the stock nearly 50% off from its IPO. Ugly year were earnings reports right. Is it was a strange earnings report they actually on a per subscriber bases they beat on revenue on a per subscriber basis and they beat revenue estimates. But revenue still not grown as quickly as you like to see the cut their marketing expenses because they're investors said take your marketing expenses and they're spending an awful lot of money trying to build outs new facilities they've got to capital intensive business. Isn't their biggest problem though client retention. It is body you know woody called client retention churn rate went whenever terminology wanna use the problem blue apron seems to have. If if you'd asked subscribe to blew it another wannabe and gonna try to it's too expensive for me I subscribe to it. And it wasn't a cost issue track it was that the food kept coming right seduce the like yeah and we we we we just did not go home every night spent thirty minutes is that how long it takes about you subscribe to that service meal preparation time is thirty minutes. And it wasn't enough food and it wasn't. That great you know they act like you've kind of activities trifecta right. I've from a price point. What was this like ten bucks ahead yes it's twenty dollars for two people leave for the ninth that's that is if I'm gonna do that I'll go out somewhere and have via some and a pair make me a couple centuries yet ladies I'll save myself the labor right you know I can do attitude chipotle burritos for sixteen dollar suits cheaper more filling. If someone else is making it taste a little better. Tripoli is good it is code. RH hey. Act quick announcement on behalf of leader bank they have a new brand new thirty month certificate of deposit that is at the IC insured folks. In your paying one point 75%. Annual percentage yield one point 75 from leader bank. You go to any leader bank branch opening is not available on line and some of their products are this particular CD is not available on line. But you can go to one of their branches where he can call leader bank at 8776917. B 900. And they'll tell you where one of their branches are located in the website to leader bank dot com has a list of where all the leader bank branches are located. But give a call it's a thirty month FDIC insured CD paying one point 75%. 8776917. To 900. Or leader bank dot com. The price of uncertainty. Could mean new double digit health insurance rate hikes on their screen. News you know what you're seeing here is from the senior vice president Larry eleven of the Kaiser Family Foundation. Is he came out and said that a lot of these insurance markets and insurers are hesitant to get into them because they don't know. If the federal government is going to continue to make what they called BC SR. Payments in order to. Reduce the overall burden on insurance companies and so they know virus cases and so because they're worried about that they're racing is planning to raise rates even higher exactly so if it. Do they go through the feds for the states in order to be allowed to raise rates they got its. And it pretty much what happens is it at the end of the day the one of the things that came out of the passage of obamacare. Eight years ago is that if those insurance companies do have extra profit on the books that wasn't effectively paid out to care yup they do after refund. The insured people by that percentage in order at the end of the year in order to make it up but the problem is these insurers are coming and saying. We don't know what the environment going to be no different from if you're planning any other bits of uncertainty death it's usually have to plan for the worst case to you do because the worst case scenario is all of a sudden those CSR's are canceled race and present are threatened out walk yet the president threatens to not send the perceived to assume you can get. Exactly and to this point nothing has happened on okay. But they're gonna be some distinctive dominate the seams and be political seuss it would be. It would be be it would be one of the dumbest things that you could do because those are the people that really needed to write that people are getting the subsidized. Are going to be poor loud people. Up. He's eight in very sympathetic it would be one of the worst things that you can do now. Say thank you to your employer the next time you see them. Tucker. Employers are going to spend 101000. Dollars on health care next year. For every workers something they raising it just an aside. Do you think people. Recognize that like your peers guys you play soccer right. Did they know how much your employer employers of pain towards health insurance and Medicare they they probably they know that employers are paying for health insurance. They probably don't know how much like a lot of they post think it's about half that much. And a lot of employees probably think now it's just you know this lady comes and my paycheck you know and indeed it is very liquid at the employee on average Paisley. Thirty. Somewhere between 2030%. Yahoo! and Ed I think in general these are looking at bats it while they're taken 150 bucks a month that a my paycheck. But they don't realize is that the employers pay in another. 400 dollars a month on top of that 150 so here's the question for you as an import OK okay if you have the option. Give employees health benefit is okay or simply paid an extra ten or 151000 dollars which would you do in the money. And the money and in honor of the liability yourself let them let them by the insurance on the open market place is so here's where organic I I. We eat it's that terrible burden. To be the employer tell you why chuck. Whatever the insurance doesn't cover something for your employee. You feel guilt. So here's where I was going with this one of the pieces of the Affordable Care Act that people were still up in arms about was the employer mandate that it be up more than fifty full time employees you have to provide insurance. The whole goal of the Affordable Care Act was supposed to be to create robust individual insurance market. Wouldn't it make more sense to say look we're gonna gradually phase out employer based insurance over the next five years get everyone off employer based plans there and take. You give those employees that extra money to cover the cost of that care you say what you go out and buy a policy here's a few thousand dollars you buy what ever policy media have to buy our company policy can go out and buy whatever policies you will they don't buy any policy. In ten years you're kind of back in that old bull that's why that's why have the individual man and it and that's why I think. I think one of the the issues with the affordable care was the employer mandate is out of that. If the goal that was really to create a robust insurance marketplace where anyone can go out and buy insurance then why would you ever requires employers to cover people well and more than why is it the employers are in authority the employer's responsibility. To pay into Social Security right it's the employer's responsibility to make sure they can make payroll every week. To add the burden of health insurance and just I never understood where that came in and YA. World War II. It will work exactly back in world war two and we had the US government putting restrictions on wages and trying to keep all of the money flowing towards the war this is I during the war during the war. And so what happened. Was company symbol look we can't incentivized employees enough what do we do. And the government said okay we can make exceptions for. Health insurance okay all that was where the rise of employer based health insurance came from was company said look we can't pay you more but organ ought be discreet insurance plan and it has just stuck around for the last seven years now. A lot of note there's no reason for me and nobody. As an employer. Are you tell him. Most of the about how many just employees. Employers to get rid of that are administering health insurance plans for a public is this something that you wanna be. We deal with claims and of going back and forth with insurance companies in this in the the biggest issues guilt the employers feel guilty. Win an employee gets sick and the coverage doesn't cover thing. It does it's it is kind of the employer's responsibility act I've been there you know it while it didn't cover the special medicine or didn't cover the surgery Obama no you feel terrible. I'll tell you what though the the insurance that we have here OK it did phenomenal things for me when I had my appendix taken. So much so that. I think the insurance company actually messed up I got paid to have my appendix to. I ended up I didn't pay a dime and I got to check back for 84 dollars don't sit there and I'm like did they sell this thing on the black market like what do they do. With it gets my appendix to I still don't go how did I end up what this checked I didn't pay a dime boy we do have good insurance. Pay out when we come back what the answer tore trivia question along with an interview with a good friend Sean Maloney. He'll be talking to a is that NE TF Garcia. And ET John Moody talking to us about an ETF he likes for investment portfolios that is next from our insurer match dot com studios. Markets are. But questions remain about whether or correction is coming. We've got you covered every day with what's not and what's not from Mike Armstrong morning's in 1030 only on the financial exchange radio network. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking -- one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage of 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 describes here 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 and carriers and 844 and 99 match -- 8449. -- nine match insure a match works with the leading carriers in the industry -- -- Plymouth rock and more their license for all types of insurance can save you time stressed the money with just one phone call and one relationship. Called today 844 of 99 match or go online and insure a match dot com. Hi everybody it's very Armstrong and I'm joined today by pot luck ski from the law firm of Cushing and dole and we're talking about protecting your assets from long term care expenses Todd. If a spouse enters a nursing home Howard joint bank accounts and joint brokerage account like investment accounts mutual fund shares are they at risk and and and how does it vary for a single individual. So if you are married doesn't matter whether it's a joint bank account or joint investment account. Everything. Is considered accountable for Medicaid eligibility and you know what else there that's not mentioned here how about IRA accounts from. IRA retirement accounts also at risk for the cost of long term care so it doesn't matter whether to joint brokerage or joint bank account. You gotta put all the money on the table. And start from there. Different however when your Singleton. Right. So when you're single they have a different rule joint bank accounts with a child you throw to hit on as a joint owner right they do it all the time. If you do that then the joint bank account is deemed 100%. That risking. Unless you can prove that that other person put money in and we know they didn't end you know look who Social Security numbers and look who's. Pensions going in there and look who Social Security's going in there. That's for bank accounts. For investment accounts fidelity account of the world right it's deemed. 50% or pro rated. Based on the number of owners on the count of so if there's a spouse if there's one child on their than 50% of that would be deemed. Not at risk so interesting distinction between the two. But advanced planning always the best. Learn how to protect your assets from long term care expenses by calling Cushing and Dolan at 8668485699. You can download this month's guide. By going to legal exchange showed dot com it's legal exchange show dot com or give them a call told Parikh. 8668485699. The financial exchanges live on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Jaycee who's the financial exchange radio network. Starting out as a small fancy dry good store that opened on fourteenth street and sixth avenue in New York City in the year 1858. Macy's is grown to be one of the largest this department store retailers in the world. The winner on this question was Jack from Brockton Jack is taking on the 25 dollar gas card to shell. And trimming is brought to you today by the Armstrong advisory group with the market still volatile. Now is a great time for review of your portfolio so call 800. 3934001. And setup your free no obligation consultation today that is 80393. 4001. Frequent contributor and frequent co host John Mooney joins us now for a little bit of stock talked John good to hear from him. Case Shiller the governor Chuck Berry. What we're doing well we're doing well we're talking about an ETF with you today. And if I am correct. We're talking about the iShares emerging market dividend ETF is that right. Yeah and that's what's different here I used to own EM and that's the kind of go to emerging markets ETF by far the largest one in the world at the indicator of how things are in emerging markets. And what's interesting is emerging markets are the cheapest place to invest. Historically. Been the most expensive this is so very unusual. But the places in the world what the fastest growth. Would actually got the cheapest prices so. That's the attractiveness of like yeah him. But what I really like is if you kind of want to hedge that bet a little bit. Which is to get cheap are stocks that are being developed all paid dividends. The emerging markets dividend ETF. Is simple DB YE and this is something I'd personally switched into. It's clearly thinly traded it's only about 350 million dollars in assets so it's small. What I like just shocked it's twelve times earnings. Three and a half percent dividend which makes it cheaper than the emerging markets and cheaper than the rest of the world and the dividend more than twice the emerging markets that's pretty appealing. Yesterday it gives you some incumbent you're still involved in some of those higher gross various. Right and yelled one half times price to book one transports still the real value oriented form again the one negative on this is that. Fairly actively traded there's not a whole lot of flow. And it's it's not that popular guy like the fact did you get paid a real nice dividend the end. You're getting it cheap price and they're pretty well diversified to like a quarter of the funds in Taiwan. 13% in China and percent Russia. How closely does this in terms of its overall performance mimic. EM or something along those lines. Great question if you look at a chart they almost mythic identically. Which is that it should. You would think that this might not decline as much or declines of maybe not decline not increase as much and it increases but it that the chart almost matches eat you don't exactly. Board elect is why you get like one point 4% only he can get three and a half percent owning this. And intuitively look I'm not an expert on like. Companies in Portugal. But I do know that every company deny deny my own at least makes enough money to support a dividend. That's why like dividend stocks just you know they're helping out that Billy making profits. Looking at something like this obviously it is still going to be more risky. In the US but I do wanna spin back to that dividend briefly. That's not doomed to be a qualified dividend correct doesn't get any preferential tax treatment in the US. That's great point to pick it does not because it's. No I'm UST evidence that's why I think it's a really good choice for an irony. Yup yup absolutely that makes a lot of sense there. Because you're diversifying outside the United States and I think it's important for people in this world understands that the US is doing great but where. We're in synchronized global recovery in May not be rock and roll but we are getting groped around the world. And the best values right now the finish for you here are in Europe in the emerging markets. In the idea of diversifying outside the United States into these places that have. Especially case emerging markets growth in the case of Europe. More stability and lower prices I think only makes a lot of sense. Good John thank you for the time today. Our I would take an indictment he directs the. Yeah OC pretty soon. That is John Moody talking about the iShares emerging market dividend ET after the ticker on that is DB. Why eat you know it's up 22%. Year to date I wonder how much of that is related to the decline in the value of the US dollars. Probably about half of it right does a dollar dollars a down dollars down about ten and 11% this year now. And either thing to remember whether any emerging markets of the volatility can be tremendous you you have a year where you're down 50% yet you can see some pretty significant volatility if you take a look. You know the the basic iShares emerging market index which isn't Yee M. Generally UC significantly more volatility in that and if you're buying the S&P 500 if you're building a retirees portfolio. Did nothing wrong with having some money invested in some spent. A talking 3% 5% 7% depending how aggressive you are pro in between you know two and 10% now something along those lines you just don't want to go over weighted on the nose. You could be in a situation with a holding like that we can't sell for ten years down because only because of fluctuation in you know. Markets down folks I don't know for in the beginning of a sell off or not but the Dow was down 110. Points NASDAQ is down 68 points or over 1%. Chuck and very. Tucker so those are producer and we broadcast from our insurer match dot com student. Hi this is very are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus when interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office and get my free guide municipal bonds one of one at 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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 credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank their jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and analyst number 449250. Subject to credit approval leader bank a step ahead you're 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 before for 99 match many of our listeners don't know home and one or two cars at 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 and carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. Their license for all types of insurance can save you time stress the money we just one phone call and one relationship. Call today 84499. Match or go online and ensure a managed dived. He's the money matters radio network WB MW 11:20 AM in the lead to 75 CM FM conquered it cost him the money matters radio network. Hi everybody it's very and chuck from the financial exchange were having a conversation today. Regarding municipal bonds a lot of you've heard about municipal bonds but you may not understand. Where they could fit into your investment portfolio Chaka wanted to talk about the different types of municipal bonds because I think that's a good starting base for this conversation. Yeah and in general there are two major types of municipal bonds there what we called general obligation bonds GOs and then we also have revenue bonds general obligation bonds tend to be a little bit more stable is they're not dependent on any one type of revenue coming from a state or city but rather their backed by what we call the full faith and credit of that municipality. All right so are they are ones that are more preferable to others currently Q1 would what would you consider one type of municipal bond. To be safer than another. General obligation bonds tend to be because they can pull revenues from any stream coming in in order to pay. Those bonds revenue bonds on the other hands are typically coming from one source and airports revenue sports teams revenue something like that. And because of that they tend to be a little bit more unstable but he can also get higher yields on revenue bonds that's the trade off the face. Ari folks there's a lot that goes into the process. Of buying municipal bonds and you might wanna call and receive our guide its municipal bonds one of one guy it's available for the entire month of August. In you can call our office porphyry at 800. 3934001. That's 803934001. Or visit our website financial exchange showed dot com and receive the guide to municipal bond investing it's a terrific guy available during the month of August 803934001. Securities offered to securities America incorporated member finreg SIPC and advisory services are hunter securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 down silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make 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 god guaranteed by the bank and may go down in value leader back a step ahead. As you near retirement age it's very important to make sure that your state is in solid shape hi this is Barry Armstrong and if you listened to Todd Lutz he's weekly show the legal exchange you know that he's an expert on -- life and a state planning the Medicaid rules change almost every year and Todd has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017. Medicaid planning guide and you can receive it right now by calling 8668485699. Taught in his staff at Cushing and Dolan the experts and elder law will teach you how to reduce your state taxes avoid probate and protect the assets you've worked so hard to -- get their new guide the 2017. Medicaid update by calling right now at 8668485699. Michigan Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visibly your bank dot com member FDIC equal housing lender and the lowest number 44950. Subject current approval leader bank. A step ahead hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an -- -- product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates -- get free online banking with leader banks in new. 15%. Annual percentage -- and no minimum balance and remember this product is only available online so logon to leader -- dot com right now -- -- bank dot com -- -- a step ahead. And. This is the financial exchange with Barry Armstrong and chunks of us. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. And a number of occasions during the last two or three weeks we have speculated. That stocks might be a little bit crazy. We've looked at things like price to earnings ratio and rates of growth and matter of fact I'm looking at the S&P 500 right now year to date the S&P 500 is up eleven point 4%. Big question was had stocks got a little bit ahead of themselves and are we poised are we positioned in such a way. There were gonna have a major stock market correction. Well I don't know if we are not but I can tell you right now the Dow was down. 120. Points the NASDAQ. Down 69 points the S&P 500 down nineteen points and chuck. We have all that activity going on in the midst of just an absolutely robust. Earning season it it's been a good earnings season earnings for the second quarter up about 10% compared expectations of six point 6%. So it has been a better than expected. Quarter for earnings. And I think really you know what you're seeing here is the market has rallied very strongly over the course of the first half of this year yet okay. In particular if you take a look at the NASDAQ which is tech heavy NASDAQ up 17%. OK through this morning so. You know that you you had a very strong rally can't go on forever. It can't and and we've talked about how valuations. The decline down a little bit high so. A question I always have polling news you see the lake you sell your stocks today rates they say here you sell your recipes for 245 this year and would he do with cash. What are you trying to do with the well if you're in a long term investors may areas that are presently don't sell anything right you just kind of you waited out in EU cell. When you. Need the cash for specific purpose of it like why don't why would a long term investors sell on a day like today well they've got a wedding to pay for where they've got to college tuition bill deaths due. But boy I don't think you try to time this even though it seems a little top. Are you don't mean that the way it. You can't sell into a downward moving market if it doesn't make any sense to you have to have your Al asset allocation set up before hand and the price that you pay for the returns and equities give you. Ultimately you know you've you've got to be able to stomach the fact. That price move right if I don't until today home prices are down 2% today he gets Elliott house. Speaking of home prices luxury home prices have been a big beneficiary of a high stock market I believe. You're starting to see luxury homes and up talking folks and talk about the the you know the nice 500000 dollar home in your neighborhood I'm talking about the homes that are selling for. Over a million dollars over five million dollars they start to move. You know what you're seeing is up from data according to read Finn. Sales price of luxury homes in the second quarter up seven point 5% from a year ago which is the first time that luxury gains of outpace the rest of the market since 2014. Now okay. And so you do appear just be seeing a little bit more movement on the high end market partly because there might be some more money flowing in but also read that is speculating. Is that a lot of high end sellers are overpriced their properties and they bring him down to where they're more reasonably priced now. And see your able to get a little bit more inventory that people were actually interest on my way to work I drive through a nice neighborhood. And I have noticed a lot more homes on the market in these are old family farms and really large residences and they seem to see it I think I've seen these multiple mood in these two and three million dollar home struck they take a long time to sell. The dope it's you know it's not something like when you're selling condom when you say okay put on the market one day and it's gone the next you're trying to sell to three million dollar home. We can take you six months a year maybe longer well and and you may not get the price you think you know do. That's it's it's more of a there's fewer buyers bouquets and and someone has to want that home at that price you know buying something. 400000. Dollars the can fix up and flip it something where some of buying a three million dollar home they're vinyl business expectations. Well it's a lifestyle choice yes you know the saying OK I want to live like this on the horses on the in the backyard and I want to pool the tennis court I mean that's that's that's that's what they're trying there buy kind of battle inclusive enough stuff. Wisconsin's. Senate might reject. The trump backed Foxconn deal well. I'll tell you reached talked about this Foxconn deal going to Wisconsin specifically it's Paul Ryan's district. In the deal I I I edit and I'm no expert on these deals but it looked like a really bad deal for Wisconsin. To three billion dollar incentive package to many giveaways are okay. Three billion dollars for about thirteen thousand jobs so you put the calculators okay so we're going to be giving. Foxy all a thousand bucks a year thirty you know third again three billion dollars year. To produce thirteen thousand jobs potentially that's 230000. Dollars of gel yeah. And you look at their pain that every year I mean I looked I did the math like him or was that a so ungodly amount of money. That Wisconsin is gonna have to pay towards each employee. It's a huge chunk of change I'd like I just I don't know. If if he wants is jobs and if you wanna map that. Now you sit there and say how we gonna get this rep like you look at it and you remember the the GE deal that Boston gave GM in order to move him. And was that something like fifty million dollars in tax rebates over ten years it was sort of but it was even now much wouldn't and I boiled down because there are a lot of it was related to improvements infrastructure improvements right they had to do anyway and so it was you know we're talking in the tens of millions and we said OK they're bringing in a thousand jobs and even there yet some questions and the job to pay in half a million bucks a year write this you talk about jobs that are paying 5060000. Dollars a year. I just don't know if they're gonna get the bank for the book now I I've I'm not sure that all. FaceBook has just announced a YouTube competitor. Called watch so they go on toe to toe with Google here. Tried to I mean that's. FaceBook is. It varies legally become the competitor to Google in many aspects in then what other there and advertising. Yet if that's our that's what they've built as they are an advertising platform and a very targeted advertising platform. So they've been going right at Google kind abide. Running around and you thought you mention advertising platform but I think most consumers would look at FaceBook and similar to communications network radiates a it's if you don't have to pay for you wore the product. Now right that's right that's how anything that I look at where I see something words someone doesn't have to pay for. You're the product that now so how will this work how all of this. These air and when will life be seen this on my face so some people are gonna see this popping up today so early users are gonna have access to it today. And pretty much what this allows people to do. Is create watch lists in different channels and you can go and find videos a little bit more easily that are outside of your normal circles this FaceBook creating any contents like Amazon worldly. Netflix and connect that unit. That is they're gonna via FaceBook TV show reality show or doesn't seem like it at this point now okay so is it just chatter on that people posting is is it no different from YouTube. The majority of people already post videos on pace but I think this is just a new interface to get people it's a purely video oriented interface much like YouTube is okay. And sewage just something so that people are able to see purely video oriented. Set up if that's what they want us that probably learn what kind of videos we light rightly gutsy it's your interest to dogs all of us and you're gonna get Golden Retriever videos as you say hockey fights but you're just a hockey fights you can get a bunch of you know bursts are McSorley battles from the ninety's and they can get this in that. I act I among Mike Tyson fan. And you're like Tyson fan. Yeah Eddie the last thing I would have predicted I thought Mike Tyson's eye I saw him fight in person before he was big time how did you yeah up in upstate new York and he is just a kid I accused maybe 1516 years old that he was tremendous but. So I liked the page now every day I get Mike Tyson videos that on my face I was not a predicted that you were Mike Tyson for Tuesday he was a heck of a fighter all he was one of the scariest human beings have ever seen he lives. And not say I like him on I don't know him are saying later in the ring like. Yeah act if if I didn't namely the most terrifying people to fight now. He would be at the top of the list just as he's in saint also yes the use Rubin crazy. The NFL plans to hire up to 24. Full time game officials I thought their. Officials are full time now know. There officials worked during the season and they work on weekends but a number of most of them have other jobs actually so the most famous one at hockey would be the big Jack guys searcher to title the time he's a lawyer. He's a lawyer and you know so all these guys tend to have other jobs actually. A kind of makes sense to meet him how you'd be a full time NFL officially unit do it got NHL are well enough. While any teller baseball. You could see his NHL that play 100 games a year baseball what 18200 games you know again if you include the playoffs. And pre season tech gear over here you play approaching 200 games with baseball so he could see where you need full time officials in baseball. But why would you need the sixteen games. I guess what do you do per. There is trying to improve the quality little bit more. And it might get a little the only pro sport that doesn't have full time officials when I guess that was just think about this logically there are sixteen games vs a 160 baseball it's you can do things during the week for training and so forth you know so as opposed to right now where you might be able to watch an hour to a film today maybe you can say okay can watch five or six hours we can watch more of the games as we can say hey here's some of the close calls that we saw we got things better markets are some of those arrests being applied to team practices even yet. Maryland to officiate practices so like that you get an players training camps and stuffy for Miller the rule book and everybody out. Absolutely if Syria and and NFL officials get paid well I mean they they don't baseball umpire still go to baseball practices or yeah but the NFL referees don't go to echoes clearly point credits 200 games a year with. Playoffs symbol or whatever so. Thought that's one way to fill the void average NFL referee salary is going to be 201000. Dollars by 2019 and could gain if you can get on with the hockey rat snake because that's probably the in terms of that is bra initiate our sport. With the lines mineral big guys they if your lines and professional hockey even in minor league right you have to be jacked you have to be very strong is you're breaking up fights. So NHL referees the and jaish skate up and I hear you should see Iraq after the deadly game there. The range for ref for reason is 165 to 360000. Now for a linesman 110 to 235000. Lines and deserve to get more than the rest that's just how he got into an embrace of the fights and I mean like if they always be a raft guide recommends league hockey. Who's the worst disease eerie but budget battle guys it you know. Get Matty Jeff he had to break up a fight it was worth an ice is Cindy if and I'd say lucky as you to break it up easy they just punch each other out of the gate you'd be exhausted Oreo or just one of them falls down it just passes out or something like it was it was not a party anyway up next we'll be talking about Amazon and hopeful to what the heck are they gonna do with whole foods we've had time to think about this. Make that acquisition was announced may be a month ago what do you do. We'll talk about that next from our insurer match dot com studios. Even without health care or tax reform the markets are surgeon get the latest info on the sectors that are winning and those that aren't right here we Berrian chock full financial exchange radio network. -- this is very are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus when interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office -- my free guide municipal bonds 101 at 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Your financial strategy has to include a thoughtful insurance plan insurance exist 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 you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for -- insure a match to compare multiple rates in carriers at 844 and 99 match let's 8449. -- nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more their license for all types of insurance can save you time stress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and insure a match dot com. As you near retirement age it's very important to make sure that your state is in solid shape hi this is very Armstrong and if you listened to Todd -- he's weekly show the legal exchange you know that he's an expert on elder life and a state planning the Medicaid rules change almost every year and -- has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017 Medicaid planning guide and you can receive it right now by calling 8668485699. Taught in his staff at Cushing and Dolan the experts and elder law will teach you how to reduce your state taxes avoid probate and protect the assets you've worked so hard to attain get their new guide the 2017. Medicaid update by calling right now at 8668485699. Cushing and Dolan has been helping families protect their assets for more than thirty years let them help your family. 8668485699. That's 8668485699. Or visit legal exchange showed dot com hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Member FDIC no minimum Alex fees may reduce earnings rates subject to change without notice and may change after an account is opened. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to you. This is the financial exchange radio network. Peter bank has a new thirty month FDIC insured CD. That yields one point 75%. Annual percentage yield. To learn more could any leader bank branch shall call them toll free 877. 6917. B 900 that's leader bank dot com or call them to free 877. 6917900. So speculation. Of course. Is. That. Whole foods will be changed dramatically even the CEO of whole foods and said look up there have been a lot of changes here. That are added that its satellite missile with a gonna do the company. I think if if Amazon Smart. Deal which one would demonstrated generally are. What I would do is I'd spend the first six months. Just watching how they do things at whole foods just because you don't truly understand another company's operations until you actually see them in action. For an extended period of time so I think you take three to six months. And you just kinda watch and say look we're not changing anything right now from there there will be diverted to doing that though. Good do you think they've had their people in the air that'll probably Evans says that counts that's you know probably you won't see any changes until you know the first quarter next year or something like that. Butts from there the area is where they're most likely to try to make changes anything that they can do to eliminate people. In a the stores or simply make the existing people more efficient than stores so. What kinds things do they do pay you might see but those aren't Amazon robots walking around with your stock boys smoke ahead. Carrying you know the good saying okay that way you don't have to be pulling and doing all this not take you right to where you need to go I think they get rid of the cashier's turnover no I think they eventually do but I don't think the technology is ready prime time. And so I think that within two to three years they might get rid cashiers back out to be seen anything they. Right now both the big knock IQ you've been very critical whole foods pricing has headline yep I won't go back. While do you think they bring the prices down yes the Amazon that's the beauty that is. Job one that is the you know because it is a play like I pattern of Utah I'd like going to a whole foods out of a well Alex has to like it to the cashier right. I like to leave the the the stores are designed like the lighting. I I think there you know will be there there it's a pleasant shopping experience. But what you look like you look at piece of fish might be like 24 bucks a powder piece of meat to be 20/20 five bucks a pound. So whole foods right now by going to take a look at their financials and you can skip home up for the most recent quarter at the moment. Their gross margins at this point which is just total revenue minus cost revenue over total OK they're gross margins right now around 33%. Okay. Amazon is gonna get that down into the single bridge does Amazon loves living on low march date. They do not care how much money they may wanna kill everybody all Amazon cares about is market share in giving the best possible experience for the cost. OK so if you go we take a look at Blake Amazon's actual operating margin and if you look at that they're gross margins on what they're selling on their site now. It's like next to nothing staggered everything you're saying except for the cashier's I think they're gone I think they're gone quick text out there. Think we've we've got Wal-Mart rolling out. That's not truly cashier list for a guy it's on your phone to put you have to put something in. We already have that a grocery stores you know but it's not on your phone it's it's the Stop & Shop has the little quicker than you Karen it's the it's still is putting the onus on the customer to make sure that everything's going right and we know and how many times you try to scanned stuff something's broke. Okay now or what about the things that are weight based OK let's say than going out not by a bunch of grapes okay. I can't waive them in video just out there TV it's a ways out like a few years three years I think it's I think it's it's on the horizon but I think that there are some things that they want us sort out. They wanna go all what we call our by the radio frequency ID tags okay. Where you put something in your basket you don't have to pull your phone out and scanned and automatically knows what it is that would be that's where they're going. So in short. We the prices are coming down by the president coming down by twenty to 30% and the think they're gonna keep the experience. Similar. I think you're going to see if they try to figure he leaner stores here's my last question. Did they turn all the stores in two delivery Depot's meeting our you know see. Amazon trucks in front of every whole foods stores. Delivering to the community it was lives within maybe I don't know three to five miles yes and that will be within a year. That is and I take that's that's what they bought our high. High value locations in wealthy areas that they can do that for all the store. River they're probably gonna have him as I kiosks as well we combine echo. With the what's that thing called it. Kendall Kendall g.s are also coming out and now evolved into the Amazon locker picked up you'll see there that day it left they'll definitely have that and and the it in this phone Amazon phones there and try to get back in the film business during the farm business but it they're trying to trying you know the story in her stack of about them making yet another attempt to get into the phone this is I wouldn't be surprised to see the store stripped down a little bit. More industrial looking. I think that's the direction they're. Is again and would Amazon cares about is making the customer experience as good as possible and having fancy lighting in this in that. They could they could care less about me would you suggest your three year thirty year old cashier. At whole foods or trader Joes who who would career advice did you start on encoding so. Do something else start learning to like the top and let the tough part you've got to be you've got to have a pretty substantial math background everything blow. If you need another career. Healthcare start learning coding. Health care what about nursing. Coatings easier than nursing then coach doesn't fight back and any code still it's cheaper to go through coding school than his death in people you've come out and if if you have any kind of math background at all means you can go through you know a year intensive trading and you'll be ready to go nursing you're talking five years before you can start your do you want. Macy's is our topic for trivia today because they're reporting earnings. What is the full name of the businessman. Who founded Macy's our text number is 68680. The first listener with the correct answer to that question will win a 25 dollar gas card. What is the full name of the businessman. Who founded Macy's. When we come back we'll be talking about ten years after the crisis who's worse off older workers or younger workers. And then we have a story about what's going on with electricity rates. In Rhode Island a proposed 53%. Hike in energy rates holy smokes. That's what we're talking about next from our insurer match dot com Steve. You've got Barry Armstrong. Financial exchange on the financial exchange radio network. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing and excess supply 100000 dollars opera's fixed or variable rates for both purchases and refinancing all originations management leader bank's local underwriting and processing team traditional cost information call 8776917908776917900. Or visibly your bank dot com member FDIC equal housing lender and LS number four corner Dubai zero subject current approval leader bank a step ahead. Hi this is very are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus when interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office -- my free guide municipal bonds won only one at 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. As you near retirement age it's very important to make sure that your state is in solid shape hi this is very Armstrong and if you listened to Todd -- he's weekly show the legal exchange you know that he's an expert on -- light and a state planning the Medicaid rules change almost every year and Todd has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017. Medicaid planning guide and you can receive it right now by calling 8668485699. Taught in his staff at Cushing and Dolan the exports and elder law will teach you how to reduce your state taxes avoid probate and protect the assets you've worked so hard to -- get their new guide the 2017. Medicaid update by calling right now at 8668485699. Cushing and Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Searching for the best savings rate leader bank Zoubek count as a two point 05 AP and that's just one of the perks qualifying Zuma customers receive 1% back on debit 10% bracket featured businesses and reimbursements brother bank's ATM fees to learn more about Zoubek count call 8776917900. Or visit leader bank dot com minimum deposit to open and an annual percentage yield ten dollars two point 03% interest rate -- and it's -- he's may reduce earnings re subject to change without notice member FDIC leader bank a step ahead you're 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 that eight or 499. Match many of our listeners don't know home and one or two cars that describes zero you're the perfect candidate for a 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 Karl insure a match to compare multiple raids in carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry liquor bella Plymouth rock and more. Their license for all types of insurance can save you time stressed the money with just one phone call and one relationship. Call today eight core for 99 match or go online and ensure a match dot com. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new east savings account that has a one point 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now -- leader bank dot com leader bank a step ahead. They say video pads ten pounds. But don't tell Barry in charge the financial exchanges alive every day on FaceBook and YouTube there's there's the financial exchange radio network. After several failed Retail Ventures Roland posse Macy founded RH Macy and company at the age of 36. He adopted a red star as his symbol of success dating back to his days as a sailor. Jennifer mills was the first one with the right answer Peter takes on the 25 dollar gas card to gulf as his prized. And trivia today is brought to you by the Armstrong advisory group call 800. 3934001. Incident your free no obligation consultation today that is 80393. Or zero. 01. Ten years later younger workers still endure the cost of the crisis policy makers. Decisions at the time to spare older generations has led to the rise in intergenerational. Inequality this is a story written by Simon Nixon and I'm guessing. Simon is. A youngster under the age thirty is he saying that. You guys were hurt more than ask ace by the crisis tour. I don't know. Lately based on what. And he said I would wager what's what's the basis of your conclusion. Wages continue to be depressed from royals more then other comparable generations at the same time no case that's one place that you see. Some of the growth of policies that have come out since then have generally been more expensive to millennial nor Decatur boomers and by the way Michael. Of obamacare yet thank you and by the way boomers caused the financial crisis anyway so thanks to reduce reduce. I just don't be by the end date the article makes it sound like boomers didn't get hurt and I can tell you. And a lot of friends joked that lost my hole that lost their jobs lost their homes. Lost their marriages. In and it was directly related to that crisis so boomers definitely got hurt as well then. But not as badly you're not as badly and the thing to remember. Is that it's much more boomers are gonna agree with you on oh I don't I know but that's because they haven't met debt that in like. Here's a headline from the Providence journal. Electric bill sticker shock in Rhode Island what to expect if National Grid wins there rate increase would never do. We their rate increase media is always an. They start off high to negotiation. Yet they are proposing. I'm 53% like 53%. Hike on the energy rates here not on the delivery the delivery were not changing our cable on the energy. And so what that would do is for the average household using about 500 kilowatt hours a month and it would bump the bill for that counsel for about ninety bucks a month up to about a 106 and nineteen point 2% increase. If this were able to go through as you mentioned they always start kinda highway as they go through negotiation with regulators there will be a significant increase that might be 35 to 40% so. It might be that the average bill goes from ninety dollars 200 mail but it probably won't be quite as bad as what they are rock trying to go for just use that as you said they never get everything that they're looking fourth quarter rose becomes political analyst. It does. What's what's interesting is that the reasons that they're talking about. They are reasons that are going to apply to Massachusetts and Connecticut shortly as well as massing Connecticut both have nuclear power plants that are scheduled be shuttered in the next five feet. Well it in as a consumer right. Whenever the electric goes out read when you lose your power everybody says while G I'd rate I'd be willing to pay an extra ten bucks a month to not have this happen. In the known actually wants to pay than dogs and then you get into conversations like the one we're gonna have now and it was raised raised by a seventeen box I get a. That but what's interesting here is Rhode Island has a shortage. Not necessarily a shortage but their supplier of power that's available for auction business ties used to be just as they're closing in refitting some plants. You're gonna run into those problems in Massachusetts and Connecticut once those new plant shut down you sure and show and I Dick Connecticut one's going to be a long time you think. I talked to somebody that works there is it going to be sticking around longer. And in the bill but I will tell you pilgrim. Is already scheduled right 510 years pilgrims scheduled out right now Leonard inning on super guy I don't know what's going to I don't know talk about it I know it did it he's had. Some issues in the past but I don't know a ton about it at this. Points. I've talked to a lot about our friends at the insurer matching agency and they exist to make sure that your assets are protected if you're like many of my listeners who won't Holman one or two cars. You're the perfect candidate for free consultation. With one of their agents to help you review your insurance needs. Call them today at 8449. Nine. They'll also dig out all the discount their preferred customers like you can qualify for. Call insurer matched to compare multiple rates for all of the top carriers including our bella. Plymouth rock and more. At 844. 99 match set date for 499. Match insurer matches license for all types of insurance. They can say the timed 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. We're talking earlier about how Foxconn. Is moving at a facility potentially. To Wisconsin. Now we have a story about General Electric closing a plant in Rochester New York to remove those jobs to China. President Trump's gonna have to say about this. Yet they are getting beyond moving these jobs to was China this is a plant in Rochester New York that assembles mostly electronic boards. And GE is not said how many employees work at the factory. They are saying that less than a hundred employees are going to be in that impacted by its closure. But obviously this continues new you know it it continues to be in GE's interest in a lot of companies' interest. When you look at the cost they are continuing to move jobs offshore and it well and as we say hurt American manufacturing workers in and we said in Mexico where Arnold productions up 17%. In that it's like seventeen US for an idea US production is down five yet something like that so if he continues to be cheaper to outsource the work now. And you know that's why you continue to see. Some struggles for a man American manufacturing. And nobody is impacted by that more then a high school or not he's somebody who hasn't finished high school American male. If you look at who has borne the burden. Of the loss of manufacturing jobs it's American men saw women American men here's the question I have. We've got 225000. Open construction jobs yeah. Why are the people who are losing the manufacturing jobs not saying hey I've got some skills that can take over construction to good question will last that question to Alina whole lot me. A business insider because she wrote an article in I asked her to come on the show and she consented. Marrying laughs and dying soon as the head lottery team burying lesson dying sooner. How the downward spiral of manufacturing. Is hurting American men that's our next story from our insurer match dot com studios. The financial exchange for Berrian judges live on FaceBook and YouTube every morning beginning at ten this is the financial exchange radio network. As you near retirement age it's very important to make sure that your state is in solid shape hi this is very Armstrong and if you listened to Todd Lutz he's weekly show the legal exchange you know that he's an expert on -- life and a state planning the Medicaid rules change almost every year and Todd has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017 Medicaid planning guide and you can receive it right now by calling 8668485699. Taught in his staff at Cushing and Dolan the exports and elder law will teach you how to reduce your state taxes avoid probate and protect the assets you've worked so hard to -- get their new guide the 2017 Medicaid update by calling right now at 8668485699. Cushing and Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new east savings account that has a one point 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now that's leader bank dot com leader bank stepping. Add member FDIC a minimum Alex fees may reduce earnings -- subject to change without notice and may change after an account is opened hi this is very are strong this month my firm BR strong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities to provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus when interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office and my free guide municipal bonds one of one and 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in 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 of 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 you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered we'll also dig out 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 let's 8449. B nine match insure a match works with the leading carriers in the industry like Orvella Plymouth Rock in more. Their license for all types of insurance can save you time stress the money with just one phone call and one relationship called today 84499. Match or go online and ensure a match dot com. Security suffered two securities America into a member finreg SIPC. Advisory services arbiters securities America advisors Gerry Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. Vote on our daily poll question had financial exchange showed John come while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. The headline reads very in the last and dying sooner how the downward spiral of manufacturing. Is hurting American men the reporter on this story is Elaine hole ID from business insider he joins us now on the financial exchange hi Elena. Good so in the 1970s. Alina how much did a high school educated male worker. Earned in comparison to a college educated male worker. Though it in here is an idiot had record and about eighty I at a put college back current. And you know the pretty well not that and to get it. Read our -- 85%. In 1970. How much was the difference in the years 2015. So yeah I despair a 45 years. Yeah uneducated. Or less educated American men. Lost a lot of their earning potential or did college educated men just gain much more. In a little bit I don't depending on how far. Out Arctic air quality indicator of what they're up. A lot of I wouldn't expect their development and market manufacturing in the shop I don't and salary dot let you know. You attribute the manufacturing jobs to NAFTA is Eric. Yet not your character and thought their reporter China's entry into the World Trade Organization that packet in each action. The idea that their people while. Thought and. You know you that you mention that but then it might co host chuck just vastly said you know. If there's no manufacturing jobs would about the 250000. Construction jobs that are open. It well why wouldn't they like if you if you can't work in manufacturing which acknowledged. You know there if you were UAW jobs available but sounds like there's a lot of construction jobs though. Yes I guess it depends on region's outlook action. A lot of C. Junk they're very content or call us. Back where are you. You know Jerry York and actually our law actor. At being tired out diet and your typical. Oh it from Atlanta that kind of looked at Mississippi ultimately if they are construction and. What's happened as early it's two men and their use of drugs and alcohol during this period of time. They're really betting pick it published this year economists but on that electric shock like that negative. And you actually dot get the thing that that there. He's an uptick in front of an alcohol abuse and are dropped didn't come. To look at mayor and works out there who don't have parents. Yet is at an uptick in risky behavior partly it would be struck. And it sounds like you could get worse due to automation and robotics he think about warehouse jobs right. Make absolutely right there's a million people working in warehouses today. We wonder you wonder how many. Of those jobs will be replaced by robots going forward. You can do under patent you know an outline in or on the air about automation and not gonna hit an action. But you know I would that the audit made. Basically every doctor lawyer. You know legal assistant there were about being dropped eight Q does it like on the court got. It in other actors well. Now would still what do you do with all these uneducated and unskilled worker actually you know he'd be he had NAFTA subsist that he be on welfare disability or something I don't think. Credit I think you know there's somebody different. Solution for very. You know administration to bury my look at. Bringing back the dropped at an iMac. And they wanna get corporate partner that and parents are quality people back. It has been. Around. That won't that may help people but. Are re elect. We often think people are attempting to school with them at all. Better deal for a lot of interior order. Lowering taxes it will hire people bid up in the in that it got my idea I kept expecting a repeat our rights. Clothing and every month and having. The. It well we'll see or goes Alina thank you very much for your time appreciate your research. Alain a whole lot new business inside a big number that stuck out at me there in 1970. If you had a high school diploma. You weren't 85 cents on the dollar relative to a college educated worker yup it's a you learn 55 cents. It it they're just has become a college degree in the modern workforce was wire it's not a luxury to require. I'm a lot of work in law enforcement. Ian in 1970 you do now that a college degree to kill police officer today here or firefighter today I think he almost two. Either that or you're in the military right why. Did you see the note and I'm I'm I'm just kind of asking why why don't we required. For for for those types of jobs. Well because G to the they're harder jobs are more technologically. More technology requirements right in there and they're better jobs today did they were 1970 but I think we were seventy cut didn't make much money but why we require cult. They got and I guess that's what I'm getting out is that there's no alternative. For those kinds of career paths us. Well they should be more emphasis in my opinion on trade schools. Trade schools and just kind of practical skills too tall are built for those types things colleges are institutions for you that age acknowledge that is big thing about colleges that are failing. Right we we've reported. Yet I don't think that the general that the atmosphere in colleges geared towards. Producing workers for jobs in order I think should be that's not that's not their role we've tried to make that into their role. But that's not what their four and a few go to business school though and you learn accounting you go to nursing school you're learning to be in nursery why not have a school. He says okay go to the school you're gonna become a carpet in there to teach you had to be the best darn carpenter in the country and end of the recent developments because historically you look at what I don't case has been you don't receive Dee Dee what I don't I don't know. I see a ton having those mayors NC a ton of philosophy me personally don't but do you see any carpentry majors or do you see any electric I don't know that that's I'm saying is. Why don't we have those other alternatives and ideas. The united because that's also where the demand and a you get sent EU look at job openings today right. If the job openings are for English majors right days in the if you wanna be a teacher you'd get a job as a teacher. You better be a math teacher chemistry teachers dominate the key you're not gonna be not a lot of job openings for history teachers don't. Amazon and ten cent back a Smartphone. Maker is central. This is right up my idea might just that Amazon's try to get back in the Smartphone business yet this they have a Smartphone now this is. A company called essential products they are led by the off former head of Google's not android system. And pretty much what you are seeing here is about three and a million dollars that they freeze them and they've raised it from as you mention Amazon and ten cent a couple other companies as well. And it does suggest that Amazon might be trying to get into that Smartphone market but why doesn't somebody. Whether it's Wal-Mart or Amazon come out with the cheap Smartphone. They can buy for an hundred bucks to there there are plenty of them are either oh yeah there's tons of them. Who makes them. I mean you can even if finally if if you go away from what the flagship so flagship Samsung and LG's yeah I don't like you while players don't know you can go within like the LG brand and just go down a little bit and just don't get like the premium phones in need get a cheap phone and make Jennifer a 10200 bucks yeah and lazy we give up. I couldn't tell him you know by the lake. Again this up that you're paying for two around the edges here you can still use all the same apps on all these things and everything that they're on the android operating systems so there's. You know it's not like you have a completely different system that you have to learn. It's just to. Word dumb about phones in this country than were really really dumb about phoned we spend way more than we should bring on. What should be helpful piece of technology instead we we just spend a ton of money that we don't need to. He is ever thought our pre ever thought after a bad week at work and buying a lighthouse. Ocean. Like let's not enough. Everything get after bad week you work about just you know go without the field with some geese and running around the third officer for all things no angels got the you can buy lighthouses. Third like short money. You know like thirty Stewart thirty and forty grand to buy a lighthouse is my gonna do and people leave the light things up be left alone. Think that that that's what I was getting at the end of the week right left alone is a Thursday's that I start to think about it a Thursday that might. Just just wouldn't rule me alone I don't want Internet access satellite television is going to be left Reagan get food in total lighthouse with who's gonna deliver the food up there I'll swim put it any idea what delivers the White House is no they don't need to. What is it about drone technology without him as a head drones into my group of treatment is he's going to be that guy living on a lighthouse with like the long beard drones coming by late by the minute dropping stuff off since 2000. The government has sold 133. Lighthouses some of the game away 78 so there's ten of her years of her big market talker for free they give away sign me up I want differing lighthouse I wanna lighthouse like the boat's got to maintain. Thanks for tuning into the financial exchange today chuck is not a talker Silva and meet Gary Armstrong from our. Insurer match dot com studio.