WRKO>Audio & Video on Demand>>11-21-14 Full Show

11-21-14 Full Show

Nov 21, 2014|

11-21-14 Full Show by Barry and Kim

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

Radio network. We the numb. The fifth and I guess that's the land as you just be very proud of very Prada for my team around my whole team we are creating jobs in a bad lending that money you're creating jobs and your help and motivate the economy. And we act absolutely absolutely we are making contribution to the locally you've done right so we have introduced in new product now. But this year VT is 50000 dollars. Up of fifty dollars and have border and help us and if audio alone I would get indeed at 1510 working days would close a long. And daddy impaired documentation is a quiet so anybody looking pride at the SBA loan. Please contact us on databank will be developments tonight databank dot com would give us a cop. There are a leader in small business lending 50000 dollars four year term four and a half percent interest rate their phone numbers toll free 877. 691. 7900. Or visit leader bank dot com get McCall they're terrific bank and they wanna be your business lending partner. 8776917900. Leader bank dot com did you know that there are ten easy ways to get more money out of Social Security one method to get more is to collect twice hello everybody very Armstrong from the financial exchange dual earning couples can collect first as a spouse and then again later based on their own working record for example a woman could collector or spousal benefits at age 66 and then she could claim again at age seventy based on her own working record high earning couples benefit the most from the strategy according to the center for retirement research at Boston College we have a free report that will teach you. Ten methods of getting more out of Social Security 8668106422. That phone number is 866810642. To get all that you're entitled to from Social Security called now 8668106422. Securities offered through securities America ink member in our SIPC in advisory services -- securities America advisors and area ams on representative Armstrong advisory group in the securities America companies are unaffiliated I'm going to grow. Can they. Most of basketball. Yet wherever you're going the quality gasoline and ExxonMobil stations of the energy behind your journeys they've helped engines run smoother and help improve fuel economy to. ExxonMobil energy lives here and that's on Docomo mobile accomplish details. There's your basement or crawl space have adapt musty smell. Well watch out that's a sign of too much moisture and not enough ventilation and that can mean increased mold growth and the buildup of harmful toxins and gases don't bother with a 1888964. Wave that's 1888964. WA VG. Today a senior citizen has a one in four chance of spending time in a nursing home will you be one of them what would you do with your spouse didn't have enough money to live on because you're in a nursing home in depleting your assets by more than 101000 dollars each month think about it how long would your money last if you had to write checks like that each month how would you feel if there was something that you could have done to protect your spouse but you failed to act don't put off protecting your loved ones any longer. Collar office right now to request are bringing new guide that will teach you how to creating a state plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing in Dolan has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 8668485699. I. You're always hold on your checkbooks and did your portfolios break. It's time for the financial exchange with Barry Armstrong in Kim Keller again from Wall Street -- you're street -- -- you colored inks the financial exchange with Barry Armstrong and gene Kerrigan. Hi everybody welcome to the financial exchange carrier strong and can carry your service and came. In this business you have to be flexible yeah that he certainly do now roll with the punches as they. I was already. The start talking about unemployment in the job market in various New England states. And then all of a sudden I. Notice. An alert. That aerial. This morning has filed for bankruptcy innovated Boston company whose antenna and digital recording service. Was declared illegal by the US Supreme Court in June by 63 vote. As declared bankruptcy. Well and figured I would just chatting about this a couple of minutes ago when they've got they've got suits coming up a lot to write this kind of their way to get out and steal the wade do to avoid. Barry Diller the largest investor in the company right now aside from the so error they're down they're gone yes these are filing for bankruptcy again to your love and employees we'll see. He apparently had some other technology ideas that they want that they need be better to Spalding. That was fascinating technology just absolutely fascinating with they've put that built around it unbelievable well they do have some other ideas tucked away but they're better that would be coming under different meaning to settle things be different. Well it's the court protecting content that that whole case was about the court said. You know yeah you can pirated. In. And the aerial argument was well what about people who haven't tennis. At the old fashioned journalist of millions of people use that it's innate in and that's what they're trying to validate. Court's ruling gains modern day technology. II wonder that doesn't reemerge and some Asher. If they'd been shared revenue in some cases like if you think of like Spotify and in dog to protect the Taylor took last week but. We got paid on every stream that happened right Taylor she got crap money but Scioscia patiently biker we get a portion of the CBS's of the where I mean I guess there's too many content providers and they wanted too much BS one too much CBS Davis go through that same problem now with it. Right now dishes up against it with com can import it. Dishes in bad shape they an extension of that CBS do it through the week. Just to the week. That we get their contracts actually up the fifth of December and I mean they had talked about the possibility going dark or two to try to get addicted to move forward so they've gotten that far but. Third trouble dishes in trouble because they got a problem with them. They've now that that the problem with Comcast sports. And the problem there is that all the regional on Comcast sports channels are gonna go away because that's where people get them off of dish. And we're talking about. Did they carry a lot of talk basketball and it's going to be affect like in Chicago with the bulls in the dish cannot afford so they can't afford and then of course they've had this ongoing. Issue with turner broadcasting and again you know I think turner is their least issue. But it just compounds with the other two to make a real problem for cash well let's take a look at their stock their stock dish stock up a dollar 63735. So can't be that bad. Well maybe news that they worked out a deal at least through the weekend we CBS has bullied at just a bit today by town we'll see how that all plays out next week because they're gonna have to get something done before it. They cannot go without without football. And we got unemployment data state by state throughout New England you wanna run through some of the states and and what we've got predate I had difficulty finding Tuesday well I just found one of them and now I just lost it I've found Maine and it was about six point 8% I wanna say something like that the tide you. No I guess it's kind of like Rhode Island am in Rhode Island did to laggards in Massachusetts so are in in New England. Yeah. But yet made his right at six point eight which is the lowest that it's been in quite some time and on our distinct that we had trouble finding was Vermont yeah. And I I still have yet to get Vermont come up that I'm only getting August numbers for Vermont so bear with me I'll keep looking here and reciprocate if those come up for sat down. The Boston Globe issues that he today that I redneck this pretty interest. Yeah there's a new announces that was done in Massachusetts of course. Showing that 25 to 54 year old in Massachusetts are in fact getting back to work they re joining the labor market. In finding more jobs readily than their counterparts anywhere else in the northeast. Before the recession camp. About 81%. Of 25 to 54 year old in the state had jobs for it yes you have to have a that are here in any category. You know I've heard people retiring 5556. But you're 25 to 54 you have to be working before the recession the number was 81%. That number fell to 77%. During the recession. And now it is surged up to eighty point six or not probably right probably were on the cut. Is it just becomes that what kinds of jobs this is what is really about what kind of jobs are those people taking. And that's the question that they don't answer right here they are there re employed by the employee at the same level they were before the recession. Or the complete full time right right there's jobs you know. Daddy we don't have access to them Dana. And depending on who you talk to support you don't rule out here this week it it comes back to your skill level and whether you're if you're in trade. Rate your back the trees are back there are right if if you're in the if you're in the pipe that are union if you're in the it in any of the construction trades from what I hear in dog treats guys is they're back to work and make him pretty good money. Connecticut did you give that number out. I did not let's take a look they added 3600. Jobs and their unemployment rate remained at six point four or Stan was the same as it was in October. And it's let's take a look at New Hampshire. Very credible. Four point 2% down attentive for percentage point from September. In New Hampshire seasonally adjusted estimate for October placed the number of employed residents. At 708000. That's an increase of 2000 from the previous month so people are working and if as seems to be a lot of jobs open in New Hampshire. Rhode Island is the state you know in New England Marie just keep and I am them because so we know that things have been very difficult there they did Adam let's see here they had mixed reports. They lost 2600. Jobs by their rate dropped their employment rate dropped seven point 4%. So they lost some jobs but you remember. Him. Connecticut residents income growing slowly but the disparity is what got me I have to share this with you. The Connecticut if you're down in Fairfield County where the average income in in that county. He's 82000. Dollars. At compared to 40000 dollars in Windham county. Is is just wild how much money theories down in that here in the county range. And then when you go and you look at the per capita income in Manhattan CNET yes I did. 121000. Dollars. Income is at Harvard per capita income man but did you see the national average per capita. What was that 44000. Only in the northeast UTE you'd have to pay and in the differences you look it see. A cop right police officer. In New York City or police officer in Boston rates too high last week police officers and Kelly counts. Officers. You compare those wages to say Ferguson Missouri right I I don't know that as me but it wasn't enough right. Now active pitcher actually right that's right he's different and they published in prison with their app. Totally you know talking about wages and what people are getting paid how they have to pay more. I was reading is storage dam if he so mr. Reid pulled the straight talk about on the talk about it when. But I just that was so interesting they were talking about how it is getting so difficult. In high tech world to get these kids to come to work their common out of school with three and four job offers all of them six figures. So now they're offering perks of this generation of workers is interest in a different kind of perk up. And they they were interviewing these 25 year old young woman who was saying. Well she expects certain kinds of foods to be served. She wants at least one happy hour a week to be provided. And she's working for pay interest. And interests who were there they're hiring another thousand to 2000 people this next year that's the kind of perch they're offering are offering high end foods every. Day. They're offering one cocktail hour a week. And you know of course yoga classes and massage in your office and he's at it for a long time we that was really great opportunity GM building right or you address on Friday. But these kids are demeaning a lot in there and they're getting beat you regularly or we of the panel now David every Tuesday has now here I hear about that. That smell it over and OK. Okay. Stated the building on about Ahmad starts later on need to hang out at he'd hang out on Tuesday the count and I love it. We year we're gonna talk about Steve Wynn's gonna do that next segment did you get some sound force on that I did and it. Let let's let's take a brief break and we'll come back and talk to. That talk about Steve Wynn degree we resorts. Probe on money laundering controls that's our next topic company to exchange. Barry Armstrong and comparative. Right here on the financial exchange radio network. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not justified Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about key in the law firm of Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate. Com now for your copy at 8668485699. That's 8668485699. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EPY call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings. Rate subject to change without notice member FDIC rate effective November 4 2014 this is very strong and I'm joined today by estate planning attorney Todd let's keep from the law firm Cushing in Dolan. It's time for your legal exchange quick tip of the day were talking today. About the different ways that you can own rules state and Todd I wanted to ask you this one. What are the implications of transfer your whole scene just take your home and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring music like this yeah. Kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living is frightening with or without a life estate so your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that but I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore. I worry about if the kids go through divorce an ex son in law the ex daughter and when your house like. Number three is it viewed only you know I don't you've now subjected manager just said Barry took their creditors and doesn't necessarily have to be divorced as he could be a lawsuit business failure and could be any creditor so they don't basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't. Don't do that. Our rate I've got some advice for you learn the best way to own and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership. Toll free 8668485699. All the best in businesses is right here Barry on stroke and can carry him. On the financial exchange radio network. We have a new prize that we're giving away came Kerrigan very exciting stuff. I am so excited about it you don't. I'm not trying to say this is my idea but do you guys remember I thought we should get like little blanket habit Kerry did all the work and she. Old little hole on baca baca baca Kerry did not do all or she admitted to pulled on O Kerry did a good amount of the work don't get me wrong. I will not I'm not here to chastise carry anyway. But that was my family member who brought those points and knows my cousin over. So you're only connection to get us the best price possible without that we may not have even had those blanket yes. It dizzy and there again you pocketed the other now which I thought was really raw and I said you know what I'm writing to take cash to buy beer from there. Second be here on Tuesdays where I but the cow out there and we're out of here. So witness Taliban anywhere seriously that the that it's so great guys they're so fun. They're like switzer like it's so the outs of the side of it looks like sweatshirt in the inside as often Fuzzy and have a financial exchange on them they're great size I would say. Two people can sit on the couch and have over the top of them easily. And there really great and what we're gonna do is give away one a day and you during holiday season. Think we should add in the other part of it only we may include a copy bug and approach a hot chocolate. So he got unity can stay warm winters coming difference not here yet it's in Italy it is like it's a a feels like it's here but if you wanna take a look at what C with the prices it is on our FaceBook page we are the financial exchange on FaceBook. You can win yourself one of these wonderful blankets. And you can cuddle up with the financial exchange when he was little chilly in your house this winter it's really great they're fun. But let's talk about Steve Wynn and his resorts business. We're obviously keyed up on Steve Wynn because in fact he is got the permit to open a casino in Everett Massachusetts. That he does. And he's if he's resorts are at the center of a probe. And that probes being done by the US government and what they're doing is they're looking into whether. I'm regulations have been stretched if you will associated with money laundering and some of their clientele. So what what they've done is they are asking for the lists of their biggest winners. And their biggest clients between certain dates. And there how you get hold of them and they're in any other information that we might keep on file about those individuals. What they're looking for Barry's you're look looking to see if the resorts at the casinos. Have sent him money in different directions is as opposed to maybe handing money directly to these individuals and walk out some way to obviously shelter money. You don't pay tax activation yes exactly so let's give an example they would have somebody who wins. Money in Vegas but the money news credited to them in Macau that's right I mean. You know what happens is if you're if you're a big if you're a big roller high roller in Vegas you have an account with them. And your money discuss directly into that account so they never touched the the money at the table. They don't have anything to do with it. And and that money goes into that count and then that account is transferred to other locations and that's what they're trying to determine is if their money laundering GE in all. DEA involvement multi agency yes he gave yes now. On the big big very clear we're getting is from the Wall Street Journal today at the Wall Street Journal report makes it very clear there's no accusations. On the table. But that they are investigating this now I don't. You know it don't win people say well there's so many regulations they're constantly investigating this would is not a usual by any means. But I don't know I would say you know where there's smoke there's fire right and I don't know how they disease investigations for me that's right get a tip. They get to strike an ex employee turns and in or something like that on the found somebody who whose. But money laundering and they say well I've most of my comes from the casino in Vegas. It so we've got that story but then I have a clip that I want you to hear. This is Steve Wynn's commentary as a relates to president Barack Obama David do you have that force OK let's play that. But the Democrat. More than I've been a Republican. Stunned. The maturity of this administration. So isolate stunned. Understanding like it. And I know a lot of guys who were in the administration they talk to me privately and it paid hopefully. So it's unbelievable we elected a man as president who had no experience at anything I think what did you expect. Do you think that anybody can do your job because some would sit down here for CNBC can run this program corporate producer of the show without any experience. Of course not. So that Steve Wynn's commentary. Two regarding the president who he had been suffering and it sounds like he persuaded receiver got better something. Let me say this let me tell you something if you're Steve winning your making that kind of come after you have to whisper. Eighty there is great here and and this leads to my question of the day. Do you think that Steve Wynn is being targeted. Due to that statement it that's not the only statement that he may need he's spoken Pope in many times it's. He has and I just wonder could he saw with the president had. The IRS due to the Tea Party right yeah that was clearly directed it came out of the White House is this another instance where President Obama. Is directing his federal agencies to target somebody who's been critical of the president. All well you know. Do I think that it makes it easier to look into his operation. I feel confident probably does but having said that and again I'm taking this from the Wall Street Journal. They are also saying that other operators have been recently investigated for this exact same thing including a Las Vegas Sands and as well as Caesars corporation. So slice wizards who Caesars is are there buddy who's been very critical prison we'll see it from Dorchester. Did this year caesar's have. Got from door testers the is in the big guy you know. Are caesar's it has been in Las Vegas Sands now with the guy's name out of it Sheldon Adelson are also at Caesars and Las Vegas Sands owns what about the sale now gone right. The actual CNN. Has been imploded I believe but. Yeah look that up and I don't know fight I don't know if it is him but but having said that. You know there there have been others who have been investigated for the same reason. I'm not saying that I don't think that's why Steve Wynn's being investigated. I don't know I don't have any proof. I'm just out pattern I don't I is I'm I'm raising the question he's the Venetian that's as the Yankees for the nation yeah but what but what I am. But what I'm what I'm I don't I don't know if that's the case you know what I want an askew his. What is this would have come out. Prior to. What day it was decided here in the state with this enough for our. Our folks here are gaming commission to say your out yeah you look while I don't know I don't know. The of the gaming commission has a lot of issues that they're facing now they're being a what are they gonna do not place. Well and they're now Steve Wynn as we predicted yesterday Steve Wynn in MGM and Penn national are saying noted that in time lead. I knew you knew that was. I that we predict that right here so that over and over they will never stand for now they will never stand for that but but. We're gonna do if mean we. They got rid of caesar's. Because there was an far out two or three removed connection. To the Russian mom. That would any agency I mean I seen him win in that Steve Wynn bought the land from them. I think if you find out that Steve Wynn's corporation money launderers and I think you gotta say what we Renee. When the data that would appease article it is licensing fee. In any. Would these Arian there's not any fine print that says if you're breaking the law that you gotta go I don't know him ID add I don't know. I really don't know and I don't know Steve Wynn is being targeted because of his political views. But I beat Kirsten thank you what you have to say it's X 86 Haiti's ex yeah I'd like to hear that people have to say about it as well I don't know if he's being targeted for his political views. Because there are others that have faced the same thing. But I'm really more interest in what's gonna happen here in this state if you find out that this guy's money laundering. And we were about to put a great big casino here. It's scary stuff. Here's your first trivia question of the day what is the capital. Of Mexico you know the answer to that text us 68680. Is our text number what is the capital city of Mexico. And take a look at our FaceBook page because we have today's special grand prize. Posted on our FaceBook page near the front page and stick. This is the financial exchange on the financial exchange radio network. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now is an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen -- CD with a one and a quarter percent -- why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with -- bank a step ahead minimum deposit to open and -- annual percentage yield -- 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014 this is very strong and. Joined today by estate planning attorney toddler ski from the law firm Cushing handle. It's time for your legal exchange quick tip of the day were talking today. About the different ways that you can only real state and taught I want to ask you this one. What are the implications of transfer your whole C just take your home yet and you give it to your children. In order to protect it from the nursing clients he had somebody asked me this yesterday sixty years old. In the heard about the same transferring music like this yeah kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living it is frightening with or without the light for states a year question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore. I worry about it that it's going through divorce an ex son in law the ex daughter and when your house like that. Number three is it you know Ali you know I don't you've now subjected manager just said Barry took their creditors and president. Necessarily have to be divorced does he could be a lawsuit business failure and could be any creditors so the oil basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't don't do that. Our rate I've got some advice for you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership whole free 86684856. 99. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like your included in that category then we have help for you must today at 86681064222. Request a free guide on health care in retirement planning is crucial and may even help lower costs and challenging their paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America -- member finreg SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television for even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I find my gold -- from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge -- locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Follow Barry on Twitter at Barry G Armstrong its Barry Armstrong and interrogate him. On the financial exchange radio network. Well one of my. Special informant tipped me off on the story as it relates to two Teamsters who were found guilty. And extorting local hospitals would a couple of nice that they were to hear inside informants. I've got I let you do. Peeps maybe your right to me this is what I I guess it's an unfortunate I didn't get until after the show yesterday. Yeah but he sent the two Meehan thanks joke but keep it up just. At my name for mine Foreman is it GO TO FFF act at at. You know what's on amazing to me bury. That time and time again this kind of stuff goes on and eventually they do finally catch a few of them yeah that'll of these guys get away with this stuff on a very very regular basis all the time all the time which is why they keep trying and by the way because a lot of them do you get away with it. But there QX Teamsters they were big this one guy that when guys secretary treasurer of Teamsters for a long time and John Perry. And apparently what was happening was that John Kerry and 62 years old and he is in force her. As he's known Joseph Jo-Jo berg though he's 46 from Braintree. These guys were were extorting money argument hospital. Brigham and women's hospital and its general. And all kinds of hospitals all of the state. Cute to try to get them to. Go there right right. There chase them down they're taken down the hospitals is no different than organized crime in this is where unions get a black right I'd say. 99%. Of the union guys are are pretty good guys or guys that you have a beer with. It's thugs like this and they weren't the they were doing it to help the workers and they're just the air just demonstrating. Then they were who and what they did was he said camp if you don't pay us right in and and Agassi and has done under the union if you don't pay us. We're going to disrupt your event how're we gonna do we're gonna bring in some thugs then we're gonna disrupt your fund raiser Norman real protests were gonna religious Roh and everything we're gonna ruin your fund raiser. And and nobody not only we not make any money tonight but you're also not gonna make any money because people are gonna come back. You know that would threaten them just hours before these events coming up at that's what's gonna happen and they say it. Since 2007. Other defendants engaged in the illegal activity in order to generate money for themselves. For their family and for the difference was again union has chosen for the union. They weren't look into it. T get get something done for the union members they would look at and T and anywhere in Europe right there right or your truck drivers here in the Teamsters. You're mad as hell about this because it gives your union. A bad reputation well I have said this and ain't seen. It myself in trouble but if you're a member of one of these big unions in your part of the rank and file. He and I union leaders. And I am on your leadership they're no different charts then yeah about what that's about right yeah I do not the only difference I guess is that would be so blatant as to call and say I'm gonna disrupt the event but. You know baser still get their their money for whatever might Julianna. They they do at a higher level yet congress right do is they'll say. Called Steve Wynn and say look I need another hundred grand enemy true that the by the wake him have some advice for you techsters saying you might wanna get somebody to start your car we hate the thought. I'll look forward David will go down and take care of my idea for me as if you're gonna need to go down and camps. And and then feel free to jump into her absolutely. Have a special announcement on behalf of leader bank rate is now because this is a good deal actually checked these rates on Bankrate dot com. And I couldn't find a CD rate it's better than what leader bank is. Eighteen months at one point 25%. 25 months at one point 3%. Leader banks alone numbers 8776917900. There aren't FDIC insured bank located in Massachusetts. If you wanna open and countered by CD from them heck why would you take less than I actually saw banks offering less than half. What your bank is offering on the same terms. One and a quarter percent on an eighteen month CD. In one point 3% when he 25 month CD. The phone number per liter bank is 877. 6917900. Or you can go to leader bank dot com right in the bank dot com the spine or give McCall does do this warrior and the phone. 8776917910. Kerrigan who won her for trivia question of the day. Jeff one he is in lol and he's gonna get a month to. Okay here's one today what we're doing. Things in check. But I think it's one today carries going to pick somebody. That wins the grand prize which is that lovely way now are we doing now we wait until we get. You know we still have a couple more of the packages that we're giving away for the bow pork princess right so are we gonna wait until we get through those are we gonna start blankets tonight I don't know I just work here I know so you're you're gonna have to talk to them means that if you're inside keeps call you Joseph did not get over the radio and all. A up. Code names tell that. I get a kick this story if it was India Associated Press today soaring generic. Drug prices drop sent scrutiny. You tell people this but I made the cat. The punch lines buried it costs on these things ridiculous like gosh OK Pete we gave him an atlas senior citizens. Well sometimes you get. Generics because it'll just be so much cheaper. Was it turns out. They are increasing by 8000%. In your prices. They would usually cost 3080%. Less than what the original medication would. So they're saying that the reason is because there's ingredients or needs players industry consolidation. And they're saying the production slowed down because manufacturing problems. Well while blonde on blonde. So. Where's the thing you're going after them yes go ahead here here's the thing to remember Iowa use the you know that you don't have that accurate memory in 2009. The pharmaceutical companies donated. 220. Million dollars in bribes to the senate. Yeah into into congress right that's that's how much it cost to get obamacare passed who wrote the bill drug companies right so. Everything that's occurring now was all put into place back in 2009. Win the big pharma companies. Went and wrote obamacare and now they're getting paid back this is a certainly offers a good return on their investment 80000%. It's it's I'm looking at how you you kind of how these prices to keep people and I William you know we're just said don't give anything you tell us tell the story about the poor guy he uses a blue collar worker yeah. From Mount Vernon Missouri. And he buys a monthly supply. Ducks Killen now. For four dollars to treat Lyme Disease they're sick right. If forced him to stop working as a pipe fitter he's my therapy had to stop because it'll I'm busy right. Medication is now costing him a 167. Dollars a month a 404000%. Increase. We need another example. There's there's a drug am it's an antibiotic that used to treat various infections in a lot of older folks use this for different kinds of infections and antibiotic right. Twenty dollars for a hundred a hundred pills. And has increased to 1849. Dollars million people are hungry people are generic but that's their generic drug. You wanna get things done through congress we have the best congressman money can buy. You know going back to our union story. 71 says. On the union member I'm ready in time I don't dare identify and too closely. Notably he identifies himself as the labor union member says trust me. You do not speak at meetings or call about the leadership on the floor and if you do. Good luck finding work. Oh I believe that I absolutely believe that and and that's one of many texts that effect I will tell you said anyone who wrote this I. I shared where in a wheelchair who it is that I was sharing with these guys here. There's a union leader in town that I think he's frightening everytime my eyes on him and he is purposefully. Intimidating he gets right upping your face and he took it but he symbol. He's at whether there's a there's a bunch of them that's the nature of the work. All right. When we come back we're going to be joined by mr. Larry Kudlow and we're going to be talking about what China did last night because it's having a very big impact on our markets. This is the financial exchange on the financial exchange radio networks. Police called it broke the bad news and Charles is personal and financial information was found on an identity these computer disk nervous and confused Charles called lifelong beef industry leader in identity theft protection like flock went into action fund covering multiple fraudulent credit applications the identity thief was trying to open in his name. 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Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category and we have help for you tell us today and 86681064222. Request a free guide on healthcare and retirement planning is crucial and may even help lower costs and challenging Dick paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again it's 8668106422. Securities offered through securities America ink member and rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and securities America companies are unaffiliated are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not justified Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they sell it. Right now the federal capital gains tax can be as high as 23 point 8%. And that's in addition to your state taxes. There are better ways to own your real estate beckon protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate con out for your copy at 866848. 5699. That's 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month. CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2004 team. Well best in business is right here Barry arm stroke and can carry him. On the financial exchange radioed Edwards. Larry titles is a senior contributor to CNBC and frequent guest on our program we're glad to have them with us to help us understand why the markets are rallying so much today. I Larry. I can't area promote that you'd. Sorry about that. We wanted to talk to you about China China made it took some action last night. And it seems to be moving the stock market higher what would they do and wires stocks rise as rising. Well what they do it drop in rates. So more liquidity into the system. They're probably right to do so. And I want China to have a better economies so. I'm OK would it. They're letting the Juan. Float or so they're not too worried about you know you rate picture current addicts. I I guess they need more liquidity I'm not sure but I guess they do now. All these you know its its statement made China and remarks by. Easy being Ed. Drought. Ever you want to push the monetary leper the thought about it. Nobody ever talks about the fiscal. When I don't know why don't why don't the nah I don't I don't know that China has been insisting. Taxes on the inside that low corporate taxes low. Capital gains taxes. Hey have fairly high income taxes and a lot of sales taxes. So I guess I guess they're they're at story's not a bad I guess they probably do need to. I'm not against that. I think people shouldn't overreact to it. It's not a miracle cure. The Chinese economy is destined to slowed down. It's never gonna keep their growth rate up from the past twenty years. About 8% of our exports go to China I think China's important to us but I think that exaggerated. Europe but the other hand. I was just reading the Iraqi state. Look I am not opposed. To Europe. By and Bob putting more liquidity in all hope that it. It didn't work here. Why do you think it's gonna work there right and being mean bad spell lot of Latin because there are there risk averse they're hoarding cash. You've got them difficulties on the peripheral countries in the yeah but the biggest issue to me in Europe. If they're they're taxes and wait till right now I'm not a corporate sector corporate taxes good averages about 25% better than ours that the plot however. Most of these European countries including Germany have very high income tax rates Iran closed newspapers. I think I've just about the puncture. They have very I felt right at bat averages about twenty. There when you put those two together. And there are two sides of the ankle he got back 70% tax for. In Europe okay. That's crazy. And if you want to stimulate. Both supply and investment production side as well demand. While that lower tax rate to wipe out as supply side expect them and then you have never dealt with. They take more steps I think to Korea after labor market. They have a big entitlement state where it pays. It doesn't pay to work. Kind of like domestic kind of like New York City in Massachusetts right. Yet you have impeccably estate problem not a word. I don't. I can't Jackie's right. I've not worried about Emmys as we had to have more inflation I don't know what that means and why do we have to have an issue. By not price stability. Paul brokered integrates the last week about how silly it is. Push inflation higher but I'm just saying that. Fiscal policy should play a role as a supply sider I want as these stable money but I think that the court that it should be overlooked excellence. Do you think that the with the elections that occurred that you're going to see entitlements back down a little bit eerie to see. And a little bit more enforcement on welfare and disability fraud and things like that. Thought solar Republican states like. This to the white. Paul Ryan. And some others but let Bart Bryant who understand that we are pain. Too many people not to work. And that there's this steep penalty. Those in in the workforce who wanted to go from welfare or whatever it is it is food stamps whatever. To work. There's a very steep marginal tax rate because they have to give up their benefits. And that it movement to a higher tax bracket. This payment Obama gears up. If you work. And you get you know higher incomes. You losers subsidy and yet have a higher tax bracket. So we need reforms now so it pays to work and taxed. And it pays to get off welfare after we need to tighten eligibility limits. We need a time limit on. You know things like disability insurance food stamps but no I don't think you get any of that now all that weight. At least in the 84. The elections 20s60. Now the White House is the White House is suggesting that this immigration. Apparently called the edict against from are dictated. Does that that's got to cover up a positive impact on GD PD is that it from an economist standpoint is there truth to that is is our. It may be dignity. I haven't looked at I just got case instruments is this TA chairman I want take a look at it. And outlook I have a cut straight here okay yeah yeah I'm a Reagan supply sider. But interpreted that. I don't like the politics. Of what the president is do I don't like the confrontation with the Republican part. He could've gotten it step years ago if you wanted to. When he had control both houses and he didn't but I will tell you I am in favor of immigration reform. I believe that people who live here on there and not that criminals. They've paid their taxes. I think they should get some kind of legalization. May not citizenship necessarily could go pretty slow on that front yup because they did jump the line but I on the other hand here. They're not leading I mean it's it's edged Spain and he. Five million people will not be deported. That's sort of what's coming which explain to me. Were we could deport them. A witness then what the police has by ousted deport them they're here right there here they already have banned. They're not big price if they're never going to be prize. So why not use the legal status why not bring him which. Why not let them you know work and by the way it will pay more taxes. Sent out by the way. Many haven't paid taxes already. And that sort security but could never get any benefits from. And a lot of used baker forged ID cards that they created after I'm actually in favor of many of the things Obama talked about. The one being that this was the brainy yet H one B visas I want. All I know he's right the wind turbine PW wanna make sure stays the east outrun about it. That's right that's exactly right but if so in terms of you know what he's doing here at legalizing. Those Republican policy. And it is way of doing it it is bad that your that troubles me. I agreed and I'm not constitutional scholar but I agree with what I'm hearing and reading how in the Hispanic. Should do this and then the president's. So all right he didn't really did I don't like the way. I've basically like what he's doing in the direction is gone. And I don't know why the Republicans just. Just accepted that write a bill written piece that Red Bull ride better deal. Put it on his desk to veto it or let him veto or negotiated out. So you know again. I give note that the politics but yes the policy that the policy is correct. And big corporations like McDonald's and Wal-Mart they're gonna benefit from us. There are. And if you get that H one b.s and hear it you know bit. Look at immigration reform by opinion has program but it's always been program. So why not go for. Yeah I love that Larry thank you very much for your time we appreciate it. Larry Kudlow of CNBC joining us today on the financial exchange stay tuned for the second hour already talking to Tom O'Brien who's the editor of the gold report. He's our next guest. It's back to school time and it's time for you to brush up on your education about the state planning. Did you know that from married couples you may be paying a necessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I had plenty of other people in my life that I'd rather give 100000 dollars to our. You know other mid size or small community bank that you were ranked number five. In all of the banks in the commonwealth for small business lending congratulations to you in your tank. You're ready might thank you Betty. A lot of credit goes to yield IK ammonia showed two months ago. We talked about the special program leader bank had products mom business Christmas. And because of that deal model business we got that people took advantage of that's my program. 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Leader bank dot com. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category then we have help for you must today indeed 6681064222. Request a free guide on health care in retirement planning is crucial and may even help lower costs and Knology and it paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America ink member of ten rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated. Pat Boone here with a word about banks' safety do you think your money in the bank is safe. Don't bank on it a generation ago bank account felt secure and they paid interest this encourage the virtue of thrift and say. But today. Bank accounts paid virtually nothing. And if shifted from lower risk to high risk for example. Did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who he hit best. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Get this vital new white paper now call toll free 800. 51960. To 71 that's 8051960. To 71. 8051960. To 71 or at Swiss America dot com. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new HP mobile is now available for free in iTunes AP mobile where the news gets its news. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not justified Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they sell it. Right now the federal capital gains tax can be as high as 23 point 8%. And that's in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together preen your guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate call now for your copy at 866848. 5699. That's 8668485699. Okay. Your words hold onto your checkbooks and give your portfolio break. It's time for the financial exchange with Barry Armstrong in Kim Keller again from Wall Street to your street Barry and -- have got you covered peaks the financial exchange with Barry Armstrong and gene Kerrigan. Hi everybody welcome to the second hour of our programs carried him with here. On. Friday. And the first question we had was what the capital city of Mexico and he's won matches at city. We get a winner right we did and we did yeah. Here's your second trivia question of the day. What is the life expectancy. Of somebody who lives in Mexico. Writes 08 in in the United States life expectancy in the United States is seventy years so what is it in Mexico know the answer to that yeah you can text us. 68680s. Or text number. And. It was a gimmick it is today Mexico Danny yeah objectives our northern neighbors now to our southern Democrat. Very good very good that's a good question I'm anxious to see with the answers there and you should be just to give us the answer is getting great prize to give view. A four pack of tickets. Two the bow port princess and the apprentice is about it's gonna be leaving at a Gloucester harbor on December the sixth. And it's gonna be the first annual Santa at secret I can't imagine a better way to kick off holiday season with your family. They're going to be singing on board with the elves it's going to be hot chocolate and cookies and of course Santa will be there as well it's an hour and a half perfect for the kids. Leaves at 2 o'clock in the afternoon so again. It is the bow port princess odds. And that's an easy shock value it's hit eighty dollar value and would love to give it to you if you know the incident attribute question. Tom O'Brien is the editor of the gold reported earlier this week we did an interview. That was bearish as a relates yeah that your call I do end. Many of you were critical of that interview so I've gone out and found somebody in independent source mr. Tom O'Brien and since that interview we did which was bearish on this. Gold is very quietly crept up to 1203 and outs of Sousa oil gone up a little bit and 76 bucks a barrel. But Tom O'Brien joins us now editor of the gold report I talked. Good good so let's talk about gold because I. Dear there's an article by Henry toe. In market watch today and he's bullish on gold and news explaining why gold is still a solid long term investment. For a long term investment. Perspective time is this a good entry point. Yet. And we would talk about the speed that up picture. You know that downdraft was pretty dramatic goal got 1130 you know we've talked in if you times you know right kind of give program yet. That the cost to get gold out of the ground. Into people and approximately 1179. To 118 get rid of fluctuate but the bottom line is that. You can't get called out of the ground anymore 300 dull. So when you look back in the aspect okay what is it worked for Alexis were and it was any commodity Jessica got spiked lower but not a long period of time. Get an appointment out of business. That there had to do with the dollar. That we have a strong dollar now the dollar was testing the highs of 20:10 in fact this morning this is really intriguing. The Dolly with the market spiked the dollar could not get to that high. The dollar based it is flat out flat at 506 right now but bolt showing that it has more strength in its moving higher. You know with law right now I would throw something else that is that is it usual but it means some typical market. With PSP spike and I have very volatile. The bond market is up which makes no sense at all bar chewed up till the morning and not get killed so that's telling me that guess what. Despite higher in the market is not an all the gold lost the old adult all of the pullback so. And you've got very dovish monetary policy coming out of Europe. Coming out of the Federal Reserve and coming out of China now. You do and I think is it gonna be it's going to be it's going to be when will. All of us were released cast that would been dating and you know I don't know it might have been recovered to a three you know but that's a lot city. And people you know you get people not to know it doesn't matter anymore a lot to cast as that of course of I mean if if the velocity of cast does for the community to its three times then it's gonna matter because then. You inspirational creep and we do we actually don't have a doubt doubt doubt about but I think that we still have a lot of money. That's on the side but not being spent. And you know that makes a difference Black Sea you're in Boston which is intriguing. You are but the real estate market statement the hospital you are at asset values that I don't have dramatically just not happen in the whole country do not upset duke. Would tell explain to us Kim and are talking about Switzerland and the new legislation in the voting that's going on in Switzerland and how that can impact. The price of gold. It's a big give us for the thirtieth of this month they have in the boat right now it looks like the vote won't pass well that's what the press they have any right. But what will happen there if in fact that the case. Switzerland we'll have to end up buying I believe it to like sixteen times. I mean it's it's that it's a very large number that they're going to be in the pocket buying in on a continual basis. You know you know you don't. Is that a good I don't is is that Tommy and I hate to interrupt you is that perhaps a really good time to buy gold maybe on December 1 December 2 if that doesn't pass. Guy you'd you'll get it you'll get it yet it you know back down in Oakland delicate. It's gonna keep volatility in the market and a big way and hit a real wild cut. The only that is pretty sick okay but the oh ice this deal. Well they just made Iran currently. Guess what that's the only currency in the world but backed by golden silk. That it is a wild cut beyond belief and I think what's gonna happen. Is that Eddie really monetary perspective OK hold that as a problem and it is a problem. And maybe Switzerland will be the first sort of effect it will have backs something with some kind of solid. Gold Silva and was delivered thus goes I mean it's. It'd say it's it's it's a wild cut our belief but in Israel yeah that did it doing it but I OK and that that means that mogul Philip every pot and mostly with the rest of the world do. So what is your price target on gold for the end of 2015. So giving you a year and a month. About 145015100. Edit word range between net you know. Levitt 5050 and I think that candidate is a good solid number if you if you could dip buying. He can best thing would goal is this don't trade and that they debacle could buy some coin you know there are about GOP. He can do that don't get in the military against military unit and you know you get in trouble as the volatility issue which but as to. Asset some inside game you know it portfolio at its integrated insurance policy that's what is yet and it's not it. You gonna make big money and it we you know it'll blows money that's that's the taking gold when I'm looking at gold right now. You know like I'll tell you a little secret Tom I've owned gold I bought my first gold in 1967. And that's how long I've been a passer and I still have the first gold coin every audio I do I do they don't believe it. Wet it would happen is that it is amazing you know I know the gold bug in the felt that vehicle back I doubt it but it's a fact I mean it. It's real whodunit it's like you know I was value over the over the if you want a whole goal that bad but the real deal. Next time Europe in Boston Australian Michael calling the I. Tommy thank you very much. Thomas Smart he's from South Boston and he relocated to Tampa yes so if. We see him in Boston I can assure you will not be during the next four months. They will have to be in that it is picked if there there hasn't ventured north until to their leaves on the tree yes Anderson he says so. That's orbit hated we get a winner Berkshire because we did. David he's in box bird and he's very excited about Santa at sea so that's really terrific. All right when we come back we're gonna talk to you about obamacare sign ups having been inflated that's our next story when her to return. It's Barry Armstrong and Ken Kerrigan. Right here in the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and -- annual percentage yield -- 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2004 team. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not just to buy the Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8% and that's in addition to your state taxes. There are better ways to own your real estate beckon protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together train your guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate. Call now for your copy at 8668485699. That's 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014. 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Its Barry Armstrong and Ken Kerrigan on the financial exchange radio network. Shocking headline out of Bloomberg News obamacare science were inflated would dental plan. With the. They say. Nothing. Not going to be edited here though don't worry is all of the problems are fixed and be perfect. I did toward. With due to ago but it'll come out on the edge. About Joseph acknowledge god as there Joseph told me to be cracked. A joke I and listening did you see right. 380000. Digital subscribers were. Included in their total when you're announcing how many people successfully sign up for Obama care were enjoying the benefits. When he was seven. Through its exports and as of October. And it is just another mistake after another missed. And here's another story out of CNN Medicaid spending is expected to soar. More than 11% in fiscal 2014 as many states expand the program under Obama if not then I'm an option to require its right. It's this will spending on health insurance programs for the poor is projected to hit 460 billion dollars according to a new report. By the national association of budget officers. This will make it the largest state expenditures 26%. Beating out education transportation. And corrections so let me explain what that means now. That means when the state budget pork I I I don't know why Charlie wanted to be governor etc. I I can't imagine why anybody would want to be governor because. They are now what's going to happen is Charlie's going to be a situation where his budget. It's it's already spent right and he's going to be very audience or he's going to be cutting. On expenditures as it relates to education. He's going to be stuck it. It cutting on transportation. He's going to be cutting on cops and he's going to be cutting that firefighters he is going to be painted anybody. Who's in a state leadership capacity with really no fault of their own. It has been dealt a very bad hand there's date because they. Their situation can they got this albatross. Right around them and I and it's its ever growing problem of that. That that is. Spiraling out of control. Yes. You're right one final obamacare note throws cities just moments ago house GOP. Members filing suit against president again it associated with Obama care. Forties because he used executive committee who care traded doesn't. It well it's just it's just. Well you should care not lately should because doesn't work abroad were Jews keep focus in on the scene. It's time to do something for the people of this country and stop this old. There it seems to mean they got area ever meet. Let's sue them. It's not the closely and get something design win an election in a couple years into it's time. Let's get something done. I. And by the way we say that the answer to the trivia question the second one yeah CH 77. Point 14 he's the life expectancy in Mexico. It's only 78. Point 74 in the united state I'm very surprised. A. It's much higher and Canadians hundred life expectancies higher I'm sure. It is if. But if you keep picking it get out of their homes for half the year so late they just sit there and 81 point 24. That well. Data from 2012 no candidate Canadians live allot longer then Americans. And it's because they're pros and if you think they can't get other homes are just doctor anyway so there's no threat of danger that bridge herbs at a very. Hey Ebola Virus against we haven't talked about this all week. We haven't we after the there's really and yeah we haven't talked about it because she is because there hasn't been. Anymore. Reported here in this country that armed it's slowing the spread is slowing in Liberia. Which is good news you know in this is after. Finally. So many route we've got so many volunteers over there which SATA these hospitals and we started this process of trying to brings them to control. And it is finally starting to slow now there are still a lot of infected people. And it's gonna be a bit before this is all but said I ran out here's a couple stats you should be Wilshire. Defense officials said that instead of building seventeen units as had been promised by the president yes the military will build. Ten treatment facilities. And that seven of them would have fifty beds each rather than the 100 previously. Made so deep they're managing the disease. And a lot of McCain is just based on having clean water and ties conditions. Defense officials also said you were scaling back the number of American military personnel responding to the epidemic in West Africa. 23000. From 4000 so hopefully some of those kids will be home for Chris yes now let's let's tell everybody though. It is still estimated. That 1000 to 2000 new bullet pieces pop up a week so we're still talking about something that's very dramatic. It's just it has not under it's not out of control. As it was into and out of this was overblown but. I I I think the media. Like when you're in news meetings with what goes on meet. Let me let me sit there. That you are never visit again I've never sat use ad in. On high level meetings I don't think I if I wanna I wanna give this statistic before we hope they'll blame the media let's keep in mind that the World Health Organization says. That there. It's suspect they're still 151145. Pieces of able. And there have been fifty for more than 5400. Deaths as of this was as a son. So I mean we're still talking about 151000. People for a lot of people. With the vote we're gonna have 50000 Americans die from the flu this. We've had two Americans die from me there are not even die yet it got infected with the only one American citizens. And now when it was over there Writely and had any American citizens died from right. We we've learned is if you catch it and you treated immediately you'd eat meat and you but I don't I I think it's unfair to say it's been overblown. 151000. People had you know. I don't think that's overblown when you're talking about an epidemic that that's so easily spread. Hopefully the hopefully the fact that it's been made such a big deal will mean that it won't turn out to be 50000 people. How many people are gonna come out against bill cost. He's the seven. Is it in into a story about a number fell 151000. Solve assault on another network. Guide who is very well known guys being sort of spin doctor in Hollywood and the guys who win these people get themselves in trouble he goes in and make sure better. And he's actually been able to smooth over numerous cases he said there's no hope that there is no parachute. Yet he hit that that was his exit there is no parent should hear why it is he says it's just they're coming out too quickly. There's stories are are similar in so many ways. And the fact that he is not you know through his lawyer he's saying this is not true this is not true but. He said he really doesn't have a defense for it he's. There is no defense for. A seventh woman. Has stepped forward publicly with allegations. That the comedian and actor Bill Cosby sexually assaulted her decades ago. In an interview on WP TV in West Palm Beach the woman to Reese Sarah knees a registered nurse accused mr. Crosby. A drugging and having sex with her. After one of his love it after one of the shows at the Las Vegas Hilton in 1976 when she was nineteen years. Am I don't know David in view is is there is there a limit. A statute of limitations on some of these crimes you know I do not. Yeah I'd be seven years but here's here's something that's high secession is seven years on Henri. Offering I think so he murders when it does. So why are these women coming out saying this that I that would be. It's sort of the fact that big day just that he did it why would they becoming dancing because they can't get anything from the McCain team to court right we're here. Megan at the civil case made me get this amendment in civil court but here's here's that would what I find fishy about this particular story. After the the rate rate she said she stayed at a room in his penthouse suite for several weeks. But he made her leave when she told them that she might be pregnant which turned out to be false alarm. The captain touch she said and later when she got in the financial difficulty mr. Cosby sent her money but it. Like if somebody had raped you. He could stay in a room penthouse and several weeks ago this is what doesn't add up for a lot of the story to me. What I do what I find really odd nobody's talking about and said. Two of Oscar de Lima before. What's so strange about this is every one of these stories. These women admit. That they work in situations with him which could certainly have been compromised. After show was you know they were traveling with him they wind to his hotel room. What I don't understand is why did he feel they needed to drug these Wimbledon disease when it if if it's true these different. They've done this one I don't understand why a woman who had been raped she knew she'd been raped. Right why would you stay in the penthouse personally I he'd get the hell out of there especially cut and I certainly would any any woman. It is then you know why in in two or three of these cases vary those living thought they had been drugged and then they still. And around him. It's very Armstrong and Jim Kerrigan right here on the financial exchange radio network. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now -- an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage -- as 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014 this is very strong and. Joined today by estate planning attorney Todd let's keep from law firm Cushing in Dolan. It's time for your legal exchange quick tip of the day were talking today. About the different ways that you can own rules state and taught I wanted to ask you this one. What are the implications of transfer your whole C just take your home yet and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring it using only the state yet I kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living it is frightening with or without the light to state so your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore. I worry about if the kids go through divorce an ex son in law the ex daughter and when your house like. Number three is it you'd only do not only you've now subjected manager Jim said Barry took their creditors and doesn't necessarily have to be divorce does he could be a lawsuit business failure and could be any creditor so they don't basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't. Don't do that. Our rate I've got some advice for you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing indulge brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership. Toll free 86684856. 99 you may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like your included in that category then we have help for you must today 86681064222. Request a free guide on health care in retirement planning is crucial and may even help lower costs and challenging their paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America ink member -- rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are an affiliate hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I bind my gold coins from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Yeah. Follow him on Twitter I'd KK carry him the residents of Barry Armstrong and Ken Kerrigan. On the financial exchange radio network. Okay here's your third trivia question of the day and by the way we have a new prize money check out the new prize were giving away. Visit us on FaceBook we aren't the financial exchange on FaceBook like is there and you get to see our new prize. Kim who is the president of Mexico that is our third trivia question of the day I have to do you know the last name. If you know that text us 686 days or text number who's the president of Mexico. And David. Who is Jack Johnson. Jack Johnson is a stud defenseman for the Columbus Blue Jackets. He's a pretty good player he's pretty good player then Columbus Blue Jackets defenseman Jack Johnson. Has filed for Chapter Eleven bankruptcy and according to the Columbus degree dispatch report claims that his parents are responsible camp. For helping him lead. To financially straight. As great story. This is a terrible story it's really bothersome. And he signed a seven year thirty point five million dollar deal. With the Blue Jackets back in 2011. And he made his mother that he. She gave her power of attorney either over or gave his mother Tina whose cold control of his finance yes. You know he's 27 years old now so you know he was a young guy and he was more interest in playing hockey in worried about the money. And that's what he did any keep it well in the meantime he's in the report he claims that his father. And his mother bought a very expensive homes out in California. And then took out all kinds of loans let's talk about arms against his future. Assets is future income explained because this is what is this port kid. He he is a good player he's. He he he's been in the league. He was drafted initially backed us into deeply currently he did you know how many of diseases. Wants Eric five yen and then EF America get traded or we must have been traded as you must start playing really young he's only 27 now he was a stud. If this kid is is quite a player. But he's effectively. Played he's now 27 years old these bankrupt because his parents. I borrowed. On his future earnings. They hit it which. To borrow on someone's future earnings in the case like this. The Indy guarantee contract the interest rate is astronomical. So. They they bought this how did our fifteen million dollars against his future earnings which is just on me. And then they they count than they spent a lot of money on luxury items in this kind of stuff and and again borrowed all that money and his career to be over tomorrow. Well he says it's guarantee does that mean geared to through injury but so so yes the NHL white thirty. And they are ready spent most every dime. He went he did he do this like years ago and they didn't change it. What did he do it at I forty I as a big deal when he signed the deal I'm he's not when he he six point four years old I mean you're old enough to. You don't necessary need your parents watching your money this is an F sixteen your view as a mistrial that you're what you went to college yeah you know silly he just he trusted his mom. And I mean this is relentless now to meet I've met your mother I would trust her implicitly. And I would trust my parents and I would think that they would only be looking up from my good. It's so bad. The feelings are so bad he is cut off entire contact with his name. Wouldn't Q and yet but imagine Thanksgiving right. EU can't talk to your mom and dad because they stole this like I just tried it and trying to understand what how. Parents could do I diet and I can't understand it cannot happen and let's let's look at it this way if someone else stole. Thirty million dollars from you would you speak to them which got Thanksgiving Day at the answers no and. You know what your parents didn't treat you any differently than if they stole it from their. You know rights lawyer. They treat you like you were feeling member so why in this case would he have any panel loyalty to I just feel bad for the ski. Maybe I funny car beat 27 years old is still young. And de DEV total the I got 50000 dollars in assets yet but he he's in he's a good player right so he could theoretically he could play another ten years but he can also blah does need to marcher and be done sure. He had a balance of 6000 dollars in his checking account in he had 2000 dollars in savings account that's yet to me he wasn't Livan. And the hog and do you like UB 2930 when his contract up when he signed new contracts the that was his big deal. You know he might make them and that's something I got one chance he's got yet again Zdeno Chara type contract is one more chance and maybe got a thirty point five but he certainly knew he says he was about but he you know he got news he's not. Wednesday's top ten. You wouldn't scrutinized I was asking yet when the privacy plays in Columbus and nobody knows who yankees. In the that nobody nobody won a title pickings. Yeah. Well Lou let's AME just that sad story that's. Positive story data RI let's talk about the Providence ice for. They've they've got a new meaning partners. In union target notes. Is that what it is currently know it now it is not in there that's an outdoor rink the Anthony Kennedy plot. Retirement is one of those like in. Like you know it conquered public skating that this has its Alex and honey. Sinners with jewelry gosh yeah. Like get rid of this this company there everywhere exports now with that I get it again if there's a neighbor's tree everywhere just everywhere. Stating what is that you haven't it's too it's just that it's annoying know what what is it that you have against good marketing. Sports marketing like. Bright it guys buying for the wives are obviously there and every football stadium in every. That's what they're supposed to do who let me ask you something akin to the guys who usually by Joseph or. With the then but it should mean and mean easily mark in the appeared nowhere and nowhere and we've become a thing where the money come from its ups and believe. They sign their pain 250000. Dollars. It is you're at the year right here till ninety I or if an awful aiming right I think it's for the whole naming rights and it's spread out over many years it's I don't get an. Think. To be used to be fleet bank. The people just like rent them out or skating rink for the winter. In its parts areas it's it's nice it would be like that for a right. To enrichment. Or is skating around in circles he's 150 other people that gave it sounds fun day. Well and kept freezing cold weather down to the frog in the warmup during the holidays boring so busy Mary and this'll crass. That's that's it. Buried the girl now she is she stick around. And it's nothing terribly isn't something worked out I got it right now I have to Wear my wedding ring yesterday. And the looks like our on this office I think there's some that to have she doesn't sit around there somewhere and it's not estimate because there or if he's yesterday I wondered I want your beautiful like to know I saved it all of the sink in the bath and a public after the building at the earth area. I think it's marked so why not tightly and an albatross on a tight by this. Yeah paid for. Would add to this earlier that you mentioned again the jets. In the bills the bills. Again it is that you're suggesting that the story hostage in part this was driven by the network. Not by the NFL and an even necessarily by you know like city leaders and they're playing off Monday. I think they're still air they did everything so yeah played on Monday night that's gonna compete with mundane but no it's ninety it starts nineteen minutes later. Monday Night Football yes there's still over yet there is fairly now. Well anyway Tibet did bills jets game due to snow yeah. He's going to be played in vitro it's going to be played terrific play at 10 o'clock. And we as CBS is carrying yeah that's I think what did you see the deal it. Day I'd be pissed if our ESP what's the Monday night game is playing in the odd New Orleans and somebody else that city remember. Yet you see here's here's the whole point of this you guys is that. There and they moved to Monday so they would make it still. Air. I don't know why and they moved to Monday also because the bills had new practice does it right in other rights. So they need it's really neat that they're gonna give break by it's going to be here. On CBS ravens. Rated saints Omri and that's that are ninety minutes later this jets thing so. There's more people who built it. But it's pretty. It's still haven't serious huge number on Monday CBS for USP and. You know yet that while under an organic. And we. Couldn't attack CBS. He loves the street so. Why we've still got Sunday as this part of different game on ball and you know what here's my question I wonder if it's going to be originally televised because. You think it has some kind of deal you know be you you key on Monday night we'll best bears. Well we'll know because on Monday night rubio tell we can't watch that game with those CBS right. In and that ESPN is going to be looking for a. It's going to be looking for compensation. I would true that can't you know that's part of their game. To beat me. It is our commitment to Jason has to Natalie didn't have that type of roses readers and myself we checked it. And hey we got news about the Worcester Telegram when we come back. This is the financial exchange. On the financial exchange radio network. Hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I bind my gold coins from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights of Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category then we have help for you tell us today and 86681064222. Request a free guide on healthcare and retirement planning is crucial and may even help lower costs and challenging their paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again it's 8668106422. Securities offered through securities America ink member and rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and securities America companies are unaffiliated are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not just to buy the Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8%. And that's in addition to your state taxes. There are better ways to own your real estate beckon protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together train new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate Kong now for your copy at 866848. 5699. That's 8668485699. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates whether you're refinancing or buying a new home leader bank is a local bank that's one of the largest mortgage lenders in New England with very competitive race asking their experienced staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work with leader bank call 8776917900. Or visit leader bank dot com. Leader bank went over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts in mortgage financing. Deal with the local bank today and call 8776917900. Or visit the leader bank dot com for all your home buying or refinancing needs 8776917900. 8776917900. Or visit leader bank dot com or email. Loans at leader bank dot com. But best in business is right here. This is the financial exchange on the planet to exchange radio that. Story is targeted toward our friends out of western listening to a son WT AG chem what's news out of the Iowa. To telegraph yet Worcester Telegram & Gazette which if folks if you back up and you remember that was part of the globe deal to John Henry John Henry turned around and sold it. To a company based out of Florida where that company is only held it for just a few months. And now they've turned around and sold it again. It's now been sold to new media. That's the name of the new company that owns it. And they sold it the bar for 200 million dollars in cash that was the whole deal that was just happy birthday as say the globe and the whole. The globe sold. Really the globe was free yeah right that's actually were in the end it's gonna be free. That was 83 is that realistic there's guys from Cox herder are gonna buy the building so John Henry. Paid cash for it but it's split it up and you prod me and of making money on the right. If it and what they did was they bought the assets and about everything for the media company they've had purchased. The paper from John Henry. You know this is. It's so sad for a city the size of Worcester it's you know it's important have your own newspaper yet. But those days are just about gone yet and I know those folks I and I feel terrible for all you folks out there at that was to telegram and physics is very unsettling I mean management keeps changing and changing it's hard to get on a on track and get going and just don't want to go to work you know you don't and it's it's really hard to get things really go in. And unfortunately they may not have that chance to even get it going because this may be solved before you know. Ari here's your fourth and final trivia question of the day the population of the United States is 360. Million what is the population of Mexico. Our text number is 68680. All you have to do is text us the answer and then if you are the winner will reach out to my assistant will call you until you that you are the winner. What is the population of Mexico or text number 68680. And the price that we're giving away a bit. Is posted on her face. Outrage welled up what was the when it was there where they answer to the last 10 Mexico Enrique Pena. Yet okay Liz from holding news and she got the blanket she did she did it. She got the blanket today now just but he knows Kerry's gonna make the decision about who gets the blanket just sort of along the way sword and you know. Who get so the first the woman alleged action that. Is this girl power girls and together. Liz Liz and hold and she got our first blanket so congratulations. Rick gives feedback really put an audit what we're gonna put those blankets under lock and key. We'll be employed about him by and sandy I won't play well and I need one because at my house you know the tablet that weren't allowed to go about sixty in the house. My kids were all being one of those of the major going uncle. Uncle there you know it will Randy is Mike and again. It's like. All right let's talk about the story Amazon leasing. An entire building in Manhattan. Well they've been saying they're gonna brick and mortar some businesses that this is the brick and mortar it's. Seven west 34 street there in Manhattan it's great building it and they're gonna use it for a number of different. Purposes not the least of which is going to be the bottom floors going to be on the brick and mortar but there and I also have a warehouse in that building. I'm which you know the answer having these distribution sites like keeps. I think all Andy here in urban areas yeah it's not going to be in the suburbs right it certainly not going to be in the rural areas now but they're they're gonna have me in every major I think city in the country active yeah. I'm so they read it for seventeen years. And it's nice outages. You'll be able to if you live in the city right he had led eight million people that live in your. They'll be they'll have that and as their warehouse in depot so you'll be able to go on Amazon.com. Order your. Laptop order a year phone order your Kindle right in be your office and absolutely. Well and and this also going to be faced her famous monster getting into the day. To the business of a lot of other things like for example in these cities if they decide they're going to be grocery delivery here. They can keep fresh things in that warehouse and deliberate immediately rate basis by imagining Europe to. Thank you Amazon being as Europe is a much more condensed yeah population that's then the United States United States it still has a rural and suburban. Cup sprawl sprawl where is if you go to Europe. It all looks like. You ever been date here are driven by co op city in in New York yes exactly like that ever you're exactly right everywhere now everywhere. In big they would do themselves well if they did business there it's Willis often take. News this isn't enough of them newsmakers to make and look that the stock and while 334. About four dollars today 1% 334 dollars this year. So they just steal the Chinese being so there's so generous with FaceBook. It is a mistake on their part because it just raises the awareness. Of how much censorship exists in China. The fact that it's like you know if you if you don't let somebody have something they want it more in our hot. FaceBook there are so they've decided now that they're gonna break the great firewall as they temporarily temporarily. And they're going to allow a thousand people in. And of what other tech workers and they're gonna let them if there's a conference over there and people are so addicted to FaceBook. They feel that they have to make this available in order to accommodate this says the seminar it's one that's Hillary's and do it it's not because they want to. Mean they're doing it because they could get seminar unless they get. And it's. It's it's in a location where you could be ideal location in China and we can even get Facebook. Twitter you know it's to Graham the only usually one place in that country can even access if you if you have the code. It. The population of Mexico is a 122 million I think we've had a number of people that I've had that answer correct. Let's talk about the list of most violent small cities in America unfortunately three of the top ten. Are located in New England he sees that you know what started number one. No circuit where round let's turn number two and it's Richmond California and then nine is Beaumont Texas. Lansing Michigan Paterson, New Jersey Springfield Massachusetts. It's unfortunate Springfield Missouri. Hartford Connecticut New Haven, Connecticut rock. For Illinois senator's surprise us outside Chicago young and where is in Little Rock. I am very surprised about you know those are the most violent city small cities and a team in America and then Vermont Yankee. Pending layoffs are official there are going to be in Vermont Yankee nuclear plant. Has officially notified the state that it will be laying off 165. Employees starting in January. Yeah based at 625. Employees now the F 554. So this in the first round of layoffs 69 of those live in Vermont to be laid off. Forty in New Hampshire and 39 of those clips in Massachusetts. Bill. Thanks for tuning into the financial exchange have a great weekend stay warm and we'll see on Monday right here on your favorite radio station. Are you thinking about transferring your home to your children in order to protect it from the nursing home did you know that if you do you put it at.