Food delivery business the company partnering with 3 delivery services caviar Grub Hub and liberates and along for the service through its app offering delivery options for 8000 restaurants in 90 u.s. City. Police. This is the financial exchange with Barry Armstrong in. Your exclusive look at business and financial news affecting your day your city your world stay informed and up to date about economic and market trends Plus breaking business news. And the financial exchange with strong and shocks. Home sales were slightly disappointing Boeing reports a massive quarterly loss and Caterpillar lays an egg as a result the Dow's down 87 points either but it's Berry and check with you here on a Wednesday morning new home sales coming in at 646000 that's the rate shock at which new homes would be moving off the shelf this year we had expected a number of 658000 Yes So coming in about 2 percent below expectations still about a 3 percent improvement from the previous month which also had disappointed if you go back and take a look at the data for the month of May We ended up with 6 $126000.00 new homes being sold during that month the expectation was that we were going to be seeing somewhere in the range of 66670000 so again you've had a few months in a row now where new home sales have just not been where we've wanted to see them and you couple that with some other data that's out there that shows that Morgan mortgage applications even with rates remaining low still struggling to gain traction for new purchases and things along those lines and so I think that you know overall housing continues to slow something that started about a year ago I don't think there's a sign that we're seeing a bottom here in housing right now you know it's a curious thing is that I saw the needy in price Now granted this is a national number folks median price 310. $1000.00 So how would you like to be able to buy you know a decent home brand new home for $310000.00 now we pretty much know when I was out and I was in Cedar Rapids a couple weeks ago and looking at property out there and again you're not talking about huge homes but there's a whole bunch of that Iowa yeah right in Iowa and again you know talking there's not a ton to do but you're talking you know 141500 square foot homes that are going for $130000.00 you know then we have you get distorted I'll say appear in them just a little yes just a little bowing we've been waiting for the other shoe to drop on Boeing they still have hundreds of grounded $737.00 Macs is their continuing to manufacture $42.00 a month they reported a massive quarterly loss of $5.82 a share and this is largely related to an accounting charge they took that was equal to a little bit more than $8.00 a share at $74.00 a share actually the accounting hit that they took and the reason why they took this is they're estimating that they're going to have to make about $5000000000.00 in either concessions or repayments to customers who have not been able to use these planes that have either bought them or ordered them and so Boeing stock down about one and a half percent on this news so not moving around a ton this was largely expected I mean this is not coming as a surprise given that they disclosed this charge a couple weeks ago and if you take a look at Boeing stock over the last 2 weeks actually still up about 5 percent over that time he's surprised that we haven't seen a collapse in their stock price you know I look at it and in the last 52 weeks it's traded as low as 292 and it's still trading at 368 now. The market seems to be thinking that their problems with the Macs are going to be short lived maybe another 2 or 3 quarters Yeah what you're seeing now in terms of the guidance that we've been getting both from the f.a.a. And also from. Boeing in the airlines now is that it's probably an end of 4th quarter early 1st quarter 2020 resolution I think one of the people that were saying oh this will be no problem we'll get this fixed in a money issue clearly that was not accurate but based on the noise that we're hearing from the f.a.a. And from Boeing It sounds like we're gearing towards you know more closer to the end of this year at this point what I'm still surprised about is that you have not had calls for the c.e.o. Or anyone to say you have not had calls for any significant fines or anything along those lines I mean this is something that could be easily politicized and I'm a little surprised that it hasn't been now to be can why you think that is. I think in general it's something where for better or for worse it happened overseas and so if these were American citizens who were killed I think we'd probably be hearing a lot more about it then the fact that both of these crashes happened in foreign countries so I think that certainly plays into what. I don't know what what I always find interesting with these kinds of things it's one thing if you have a product that you make that harms someone but you're trying to do something new and revolutionary people generally don't care too much in this case the product that they built it harmed people not because they were trying to do anything revolutionary The 737 Max is not a revolutionary plane it harmed people because they were looking for more profits on an old design that they could kind of eke out of it many think they made a mistake not making maybe a 100 of them and putting them in the air for a year or 2 and then doing mass production not really I mean they they never really do that with any plane that gets developed you have your you have to 3 years of testing that you go through in different flight scenarios and they still went through all of that and the plane was still certified the bigger problem was that they decided to reuse the 737 chassis and start instead of starting from a clean sheet if you start from a clean sheet there's no other Boeing plane that has this system right because if you have a clean sheet design you don't need to because you can put the engines in the right place on the plane Caterpillar shares are down $6.00 they're trading at $131.00 a share they've reported an unexpected decline in quarterly adjusted earnings per share that is not good news the market does not like it when you miss unexpectedly Yes of the adjusted earnings per share coming in at $2.93 versus $312.00 so almost a 10 percent miss that they came in with their revenue was pretty much in line actually beat on revenue but missed on earnings which is the exact opposite of what we've seen in the last decade Normally you have companies that beat on earnings but missed on revenue this caterpillar saying hey we're still making all the sales that we want to be making but we're not making the. Profit that we should be making off of that labor I think Labor is part of it tariffs are the other piece of it. And yeah I mean I think all of that factors in there and neither of those situations are going away any time soon what is interesting Caterpillar did reiterate their guidance for the full year but did say it would probably be at the lower end of that guides and I think that's the real reason why the stock is down 5 percent today the difference in guidance from the height of the low is about 5 or 6 percent so Caterpillar saying we're going to be at the lower end of that great stock's going to sell off 5 percent on that news good news here u.s. And China are set to resume trade talks in Shanghai next week snooze fest this thing and you know the longer it goes on it seems like the less progress they make . I don't think you're going to get anything meaningful coming out of this right now it's still is a case where you have 2 sides that are very dug in on the issues that are important to each other Chinese still haven't bought any farm products either I had seen some reports they'd been picking up a little as I don't know you know the exact numbers or anything along those lines because LHO is not happy about it. Yeah obviously he's somewhere more in the know than I am so I'll trust his word on it. I think the the big thing here is. The Chinese delegation continues to dig in and I've said it before but the number one thing the president has always said was that he believes that Russia cave too easily to the west and he doesn't want to do the same thing and you look at this in the context of everything else that China is doing right now as far as military expansion as far as what's going on in Hong Kong and the continued crackdown on protesters there do you think their attitude changes if Trump wins a 2nd term. Because then they're looking at the same she's going to go through another 4 years with this guy. Now kind of feel the same way I do I think they're banking on a trump law next year and they're saying Ok we can suck it up for for. The dragging out of negotiations Well that's that's kind of like logically. You know the problem you know the prob with this stuff is you never really know what's going on. You think you do we know the players here but. Really if logic would tell you that they probably think they could get a better deal out of the Dems but I'm not sure they could actually be a lot of Trump's policies here are ones that are embraced by the Democrats Well it depends on the Democrat you know I think certainly when you look at how things are being talked about with regards to China on the Democrat side you're seeing. More chatter than we've searched seen previously about how a hard line needs to be taken with China I do think there are a couple candidates that are not necessarily gearing themselves that way but I think it's also too early to start talking about specific candidates just because at this point are they 25 or north of 20 at this point 4 years ago President Trump was still trailing significantly in the Republican primary so I think it's still very early on and as far as specific candidate policies I think that's probably something it's best left until January or February next year next year coming up we're going be talking about the Justice Department and big tech companies. We are. Breaking business news every day right here on the financial exchange radio never. Do you have a sound strategy for your retirement savings potential changes to existing laws could dramatically change how we plan for retirement Hi this is Daria Armstrong from the Armstrong advisory group this month my firm has a new guide out that has important details regarding the secure act if the bill becomes law it could make it far more affordable for small companies to provide for one k. Plans and older Americans could delay their required minimum. At the same time the new bill could create significant tax issues for anyone inheriting a retirement account in the future and it could make our $41.00 k. Investment options much more complex Call now 803934001 about this proposed law and how it may affect your planning that's 803934001 you can also download it right now by visiting Armstrong advisory dot com security officer security American Corporate a member and advisory services officer security American visors incorporated representative Armstrong Advisory Group security companies are on affiliated having a solid estate plan can be the key to an easy and fruitful retirement and one of the most important elements of that plan will be protecting yourself and your assets if a loved one is forced into needing nursing home care the best protection comes from a trust but don't buy the b.s. About losing control over your trust to whoever your sinus trustee. Is an expert in Elder life planing and taxation and he's written a new guy a bit this month called misconceptions about Medicaid irrevocable trust Simply put you won't lose control over this trust and you won't have to ask permission from a trustee to tap the money call right now 866-848-5699 get this free guide which details 30 of the most common misconceptions about this very popular type of trust get it now and whatever concerns you might have about protecting your assets if you are a loved one needs nursing home care 6684856998668485699 you can also download the guide right now by visiting our website at legal exchange Show dot com Hi Folks this is Mike Armstrong from the financial exchange I'm joined now by Jay Tulisa the founder of z rand which is a free online rent collection tool for landlords and tenants you know I go back to the 1st apartment that I ever rented out there were 5 of us in this frankly this terrible Summerville apartment but we were all trying to coordinate our rent it was a bit of a mess our landlord kind of hit us how does this all work on the platform are you able to split out the rents and how does. Really make the landlord's life a little bit easier chore Michael thanks so we created really automate and simplify the whole rent collection process for landlords and property managers and what we do is we basically if there's individual tenants will debit them individually and batched their payments together and send them to landlords so landlords. You know a single unit landlord or more of a professional landlord with hundreds of units they use this product for the reporting for the automated rent collection for the tenant splitting so it's been great that's pretty nice now you mentioned I think most importantly it's a completely free product how are you guys able to offer it for free yes so our strategy has been a little bit different we don't charge tenants and we don't charge the landlord we do is we actually license it through banks who then offer it to their landlord clients and for being a client of that bank it becomes a free service to both the landlords and the tenants the number of different New England local banks we do we have quite a few institutions are all available on the red dot net so you can go and see enrollees adding new institutions folks again the name of the service is rent and you can get a lot more information by going to net it is a completely free tool for both landlords and tenants and once again there's a lot more information that you can get to get signed up and start collecting your tenants rent online immediately. Or you can give them a call at 781-641-8691 again dot net or 781-641-8691. Security software to securities America Inc member Finra s.i.p.c. An advisory services offered through securities American Advisors Inc Barry Armstrong representative Armstrong advisory group and the securities America companies are an affiliate in the financial exchange with. Every morning beginning it. Is the financial exchange radio network. The Justice Department is opening a broad anti-trust review into whether dominant technology firms are unlawfully stifling competition adding a new Washington threat for companies such as Facebook Google Amazon and Apple so I have 2 thoughts with regards to this in terms of the direction that this could go in I'm not sure which way it's going to go right now the 1st is that typically when the people who make the rules start talking about changing the rules you need to be careful as an investor because that's one thing that you have no control over it's not something where you say oh earnings are going to be this or that in theory they could come out and say no you can't do x. Y. Or z. And if that's what they saved and that's how it's going to be so you can be very careful when you have added regulation it could be added regulation it could be forced breakup some things along those lines but isn't that that could actually be a good thing for investors can they let's say they go in and they say Facebook you can't Instagram anymore and you can't own Oculus New can't own. Messenger or like a they break that company up if you're a shareholder you're getting shares in those new companies you are but you're also getting the bad parts that you might not want and the parts that don't drive the value right now so with Facebook Instagram is a huge driver of value today is the basic desktop Facebook platform a huge driver a value it's a consistent cash cow but there's not a ton of growth there with that part anymore so on one level you look at this and say Ok Do you have to be aware. This and again a break up yeah you might get different parts of the company what if the Justice Department says hey we're going to put new restrictions on far as what you can have as far as market share for online ad sales where you can sell ads now you're talking about less revenue generation it's a different ballgame the other place that you potentially go with this and this is something you always have to be careful about with this there is a big public groundswell to look at and reform big tech companies you have both Democrats and Republicans talking about this which is something that you don't get very often. These companies have some of the most powerful lobbying groups out there right now though you look at the amount and. Think about how many congressmen they have paid off you look at what they spend on lobbying and things like that in what you worry about in this situation is Ok you've got a legitimate movement that wants to reform these companies but does that almost get co-opted by Congress in some way and they say oh yeah we're putting in these steps to reform it it may be you actually in a blocking competition through some of the regulation that's put in place they could say that you put in a regulation and again I'm spitball here that you have to have one content reviewer for every 100 users that you have on this platform you know well Facebook can afford to do that if I start Chuck book right I can't afford to pay people to review content they like it creates barriers to entry and that's the kind of stuff that you worry about. Tucker and I were talking earlier about you know the $5000000000.00 fine that Facebook received which is by the way less than one percent of their market capitalization and. There's a perspective that that fine was not enough in terms of a penalty against them and I like and what Facebook did you know you can disagree with me but I liken it to Madge and your neighbor sneaks into your house somehow finds your wallet takes your driver's license grabs the all the information off your driver's license and then sells it. You know for the purpose of data I mean it back out go to jail nobody at Facebook nobody at Apple nobody at Google nobody nobody nobody is going to jail. So if we think I'm not saying that what Facebook did is right because I do think that the fine was light as well there but if we think that the Facebook fine is like what do we think about the fact that Equifax and we get hit with 600000000 bucks you know the I think part of that Chuck is the ability to pay the you know like you look at the 600. Dollars you put them out of business maybe I should Yeah I mean that's the facts contribute anything meaningful to society. Credit monitoring credit reporting I mean they're one of the 3 so he put them out of business then you're left with to play it again if if a company does something that causes significant army talk about going into someone's wallet and having all their information and then mishandling it what Equifax did getting back to Facebook here yeah I think there's a real case in to the f.t.c. Commissioners actually said that they thought this was what they actually dissented so they voted against this not because they didn't want to punish Facebook but for 2 key reasons Number one they said that the penalty was significantly too white and they said look the fact that Facebook's did this direct quote The fact that Facebook stock value increased with the disclosure of potential $5000000000.00 penalty suggests that the market believes the penalty at this level makes a violation profitable So that's problem number one the 2nd problem is that they didn't hold Mark Zuckerberg accountable right personally thank you what's that guy still doing running the company. If he has complete control folks get Remember the way he structured that company which you know I would do the same thing even though you may own shares in Facebook you don't have the same voting rights Zuckerberg controls that company if a lot of people think you should be in jail if Zuck were smart. He would resign as c.e.o. Of Facebook in the near future he could still have all the controlling shares and everything and if he were smart because the number here's a he has a target on his back he has a target on his back and that's not going away anytime soon you go out there in I don't know Mark Zuckerberg never met him saw the Facebook movie 10 years ago great it's not actually him. Does anyone out there who hasn't met him actually have a significantly positive view of him at this point and I'm not saying that that's fair because even the ones that have met him we don't know him I've never met him he could be the greatest guy could be the nicest guy but his image that's out there is something that I think weighs on Facebook now it used to be originally he had that kind of the war the tech founder which was no use this guy used to you know a genius and can push buttons to make everything happen right you think he should balance. I think I think his situation is different from Travis you know he I think he did worse things than Travis Travis was guilty of creating a hostile work environment and. Went into your wallet stole your identity and sold . Well he didn't personally go into your wallet. Like I'm not I don't know that I'm really overstating what he did though that badly I mean he used your personal data and and yes we probably signed up for it somehow but I mean the fact the matter is you know if somebody did that broke into your house and stole your data boy they'd go to jail this guy is a lot of people in present company included that think he should be in jail based on what I'm learning about what occurred at that company Yeah in again that's not going away which is why I think look he can continue to own as much Facebook stock as he wants work in the background but he's lost public opinion at this point in the problem is in his position what can he do to change that. Is there anything he's got to hear right he's got to go away he just needs to go into the background you know he needs to become everyone knows Steve Jobs not Apple right anyone pay attention to Steve Wozniak No no no no when did you know he was the 2nd chair when Apple was founded and everything he's a billionaire I'm self it's not that Steve Wozniak to me bad to look he just went into the background and cared about Zack needs to do the same thing in order to clear the ground for that stock to continue moving poll question today is was the f.t.c. 5000000000 dollar fine enough of a punishment for Facebook I already voted I think you could probably tell how I voted I voted no you can vote in our poll by visiting our website it's financial exchange Show dot com or you can text us with your thoughts on this topic the tax number here in the studio is 63566 right now it's about an $8020.00 split in terms of whether that $5000000000.00 fine is enough Coming up we're going to have Wall Street watch so we'll give you a full market update but we're also going to talk about what the settlement requires Mark Zuckerberg to do going forward as a relates to your privacy and Facebook you're listening to the financial exchanges very strong Chuck Zada and Tucker still. Has some place on Twitter. Breaking business news is. The financial exchange. With many Americans still struggling to save for retirement has the government finally stepped up and offered a solution Hi This is Chuck sata from the Armstrong advisory group we have a brand new guide available this month that details the government's proposed changes to retirement planning the u.s. House passed the secure act in late May a bill that if it is passed by the Senate and becomes law offer significant changes that may make it easier for you to say. Save money if you have a traditional Ira you can currently contribute to it until age 70 and a half before having to take the required minimum distribution the new law will extend the arm d. Age to age 72 and also allow older working Americans to continue to save in retirement accounts as long as they continue working call right now and get our guide to learn more about this and other potential advantages from the bill 803934001 that's 803934001 or download it right now by visiting our website Armstrong advisory dot com security officer security. Advisory Services Officer security advisors Incorporated. Advisory Group a security company on affiliated if you're a landlord or property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help you it's called deposit this is another free program which streamlines the opening of tenant security deposit accounts through a totally digital experience wizzy deposit landlords can open an account online invite tenants to enter their information and then manage all their security deposits the deposit also automates many of the compliance headaches for landlords such as generating account disclosure forms and even annual interest payments directly to the tenants it's easy to get started just call the z. Deposit team at 781-641-8691 z. Deposit is a free program so if you're a landlord or a property owner call today and make it much easier to collect and manage your security deposits that 716418691 or visit the deposit dot net. Bank a step ahead having a solid estate plan can be the key to an easy and fruitful retirement and one of the most important elements of that plan will be protecting yourself and your assets if a loved one is forced into needing nursing home care the best protection comes from a trust but don't buy the b.s. About losing control over your trust to whoever your sinus trustee. Is an expert in planning into. Station and he's written a new guy habits out this month called Top misconceptions about Medicaid irrevocable trusts Simply put you won't lose control over this trust and you won't have to ask permission from a trustee to tap the money call right now 866-848-5699 get this free guide which details 30 of the most common misconceptions about this very popular type of trust and ease whatever concerns you might have about protecting your assets if you or a loved one needs nursing home care 668485698668485699 you can also download the guide right now by visiting our website at legal exchange Show dot com Do you have a sound strategy for your retirement savings potential changes to existing laws could dramatically change how we plan for retirement Hi this is Barry Armstrong from the Armstrong advisory group this month my firm has a new guide out that has important details regarding the secure act if the bill becomes law it could make it far more affordable for small companies to provide for one k. Plans and older Americans could delay their required minimum distributions at the same time the new bill could create significant tax issues for anyone inheriting every tyrant account in the future and it could make our $41.00 k. Investment options much more complex Call now 803934001 learn about this proposed law and how it may affect your planning that's 803934001 you can also download it right now by visiting Armstrong advisory dot com security officer security American Corporate a member and advisory services officer securities American visors incorporated representative Armstrong advisory group in a securities market companies are on affiliated this is a special announcement chasing down late rent payments and making trips to the bank to deposit checks take a has a lot of rent day with leader banks online rent collection tool and automatically deduct rent and deposits it into your account visit So you hop into an over and see of Ox of goodies right next to the driver that's the cargo box. Cargo is more than munchies with the cargo app you can when we are in car shop exclusive deals on the go the cargo at amazing prices on popular products and with every purchase you are 10 percent cash back in your credits take your right share experience to the next level down load the cargo that drive cargo dot com slash riders. 803934103934000 or downloaded right now at Armstrong advisory dot com security America Incorporated member and advisory services officers carries American visors incorporated presented at Armstrong advisory group in the security companies are affiliated. For. A look at the market's performance so far today to bury in shock right here on the financial exchange radio network. St watch brought to you by a leader banks property management tools 0 and deposit these digital platforms offer true convenience for landlords by automating rent collection and streamlining security deposit collection and account management both tools are free for landlords with an account leader bank so call today at 781-641-8691 or visit z. Rent dot net or z. Deposit dot net for more information member f d i see Mike Armstrong is with us now for Wall Street watch Mike how are you today don't want to it start 1st with a company that is down almost 20 percent today that is I Robot corporation this has been one of the most volatile rides on Wall Street over the last 2 years what's going on today it has so i Robot the maker of that robot vacuum cleaner disclosed in their earnings call that the tariffs are going to try to spit between the u.s. And China are going to significantly weigh on result throughout this year they cut their full year earnings expectations down to a range or 2 or $315.00 which is about a 25 percent discount to where their previous forecast had been so stock dropped off a ledge back in April earlier this year and down as you mentioned about 20 percent today to $72.00 a share there's a company that was trading up over $130.00 a share in early April Duncan stock up about one percent today so that they were adding the Biami breakfast sausage to their New York menu is that what's going on here that is exactly what's going on we are continuing to be crazed over fake meat . Suppose that there be going to be added back Beyond Meat sausage and the stock was up nearly 2 percent in early trading and come back down a little bit as people kind of snap back to reality. It's probably not that big a deal but nonetheless even just saying that you're going to add a new menu I don't want to get. Beyond or a possible. Stock All right very good thank you Mike Mike Armstrong with Wall Street wants presented by a leader bank that at some point I feel like this will be on meeting has to kind of tap out but the stock continues to rise now in a new all time high today we touched $208.00 per share and we've all tried it in still rather have a beef hamburger. The choice right now I'm not going to pay more for it it's it's not healthier for you I guess the we don't know if it's healthy healthy or not I don't think we have any real data. Even if it was say it was marginally healthier eating at double the price double the price that isn't there was for me a lot of them are double or triple you know. How many patties like to beef patties how much is at the store. When I mean when I got the 4 sausages it was a little under $10.00 and normally I can get for 4 and they're not big sausages I can get 6 sausages for usually 5 or $6.00 or those my point and they taste 56 bucks and then beyond me it's a 99 yeah but I'm getting more sausages I'm getting 5 or 6 sausages for that. Beyond me it's pretty much a dollar per sausage normally in 2 for Beyond Meat so it's usually double. Yeah you think the price of beyond me will come down I would typically Yes Because usually as you scale is going to have competition to. Get you know costs have to come down but here's the thing in order to make this stuff everyone's going to be trying to buy the exact same ingredients and doesn't drive the cost of those ingredients up because Beyond Meat it's made largely with pea protein you know the theory is it's better for the environment right yeah I think that's that's an argument that I think is tough to disprove I think that you know that's that's a really strong case just because of how feeding plants. You have to feed cat like you think about what you have to feed a cow and resources in order to create a pound of meat versus how you make a pound of meat that's an argument that I do think is likely going to hold up better the nutrition stuff every year we find out just how little we know about nutrition and they might be able to prove they might. Someone else might come along with something better so the nutritional side of things. Yahoo great you know wonderful I think that if you're talking about a story that the stock needs to get attached to it is that hey this is more sustainable with a plan what's the market cap of beyond me. You're ready for this. $12200000000.00 It's not more than $24.00 so it's half the market cap of Tyson which is a real company the difference is that Tyson does around $40.00 to $50000000000.00 in sales a year. With a profit with a profit Beyond Meat is going to do somewhere around $200000000.00 beyond me I've never seen a stock trade this expensive with this market cap it's trading 60 times sales it's knots and then in terms of dollars I think that's a great move on there and oh yeah totally is it's going to bring in so many more people now for breakfast I think someone just just. Curious about it it might not be a long term spike for them but it might get people in where they say oh gee the other stuff pretty good and then they stick around is the price point going to be too high for the customer that's my question that's my question I think. This is an official but like Duncan will probably charge what do you think like for $29.00 for this year my guess is probably a dollar more they'll still they won't make the margins will be thin if they exist at all but they'll use it just kind of as a loss leader to get people in the store I think and then Starbucks can't be far behind Yeah you would think that Starbucks are coming. Yeah that's what a lot of us while that's unbelievable what I was dead on the money for 29 I swear my life any man looked out. For would get out of the official price from going to get. A. Sausage and. That's on you know a. Cheese don't an egg. If you will Facebook incorporated Mark Zuckerberg will have to personally certify that the company is taking steps to protect consumer privacy under a settlement expected to be announced with the f.t.c. On Wednesday this is a person. Familiar with the matter said. This is another reason why I think he needs to get out the their horn or ring him up the whole burden is shifting to him they're saying hey you if Facebook does something wrong anywhere in the world you're going to jail the best thing for both him and the stock would be if he just left now it's tough for him to do that again like he's built this company for 16 years and it's his baby it's war it's a very expensive baby it's worth you know $600700000000000.00 now and so you look at I understand why he doesn't want to but. It might be one of those cases where the best thing for me is actually to leave now we'll see coming up we're going to be talking about Snap posted a record user growth number and I'm going to take a victory lap on this one by the way but we'll talk about that when we return business news. Break it down and show what it means to your portfolio it's the financial exchange with. The financial. Work with many Americans still struggling to save for retirement has the government finally stepped up and offered a solution Hi This is Chuck from the Armstrong advisory group we have a brand new guide available this month that details the government's proposed changes to retirement planning the u.s. House passed the secure act in late May a bill that if it is passed by the Senate and becomes law offer significant changes that may make it easier for you to save money if you have a traditional You can currently contribute to it until age 70 and a half before having to take the required minimum distribution the new law will extend the r m d age to age 72 and also older working Americans to continue to save in retirement accounts as long as they continue working right now and get our guide to learn more about this and other potential advantages from the bill 803934001 that's 803934001 or download it right now by visiting our website Armstrong advisory security officer security. Advisory Services security advisors Incorporated. Advisory Group in a security company affiliated if you're worried about what happens to your assets of a loved one needs nursing home care you're not alone in Medicaid or revocable trust can help you but there are so many myths out there about what you can and can't do with this kind of trust don't let it bother you for one more 2nd make the one call that will help you get right to the heart of your concern. The experts and they've written a brand new guide called Tough misconceptions about Medicaid irrevocable trust 30 of the most common misconceptions about using a revocable trust to protect your assets. By calling 8600. 8485699 many people have concerns about how to access their own money if their kids are trustees and about paying higher taxes if they want their assets to be unavailable for nursing home costs these are just a few of them if the reference in their new guide the top misconceptions about Medicaid irrevocable trust. Has been helping families like yours for nearly 30 years call for your free guide today at 86685699 you can also download it right now on our website at legal exchange Show dot com Do you have a sound strategy for your retirement savings potential changes to existing laws could dramatically change how we plan for retirement Hi this is strong from the Armstrong advisory group this month my firm has a new guide out that has important details regarding the secure act if the bill becomes law it could make it far more affordable for small companies to provide for one k. Plans and older Americans could delay their required minimum distributions at the same time the new bill could create significant tax issues for anyone inheriting every tyrant account in the future and it could make our $41.00 k. Investment options much more complex Call now 803934001 learn about this proposed law and how it may affect your planning that's 803934001 you can also download it right now by visiting Armstrong advisory dot com security officer security American Corporate a member of an advisory services officer security American visors incorporated representative Armstrong Advisory Group security companies are on affiliated this is a special announcement for all landlords chasing down late rent payments and making trips to the bank to deposit checks take a lot of with leader banks online rent collection tool and automatically deduct rent and deposit it into your account visit w w w Doug to learn more with your payments for each unit to receive regularly on the same day every month pay nothing in the 1st 6 months are free for all landlords visit w w w. Or call 781-641-8691 whether you're so. Liberating a milestone or diversifying your portfolio precious metals are a smart meaningful investment one ounce and 110000 silver and gold bullion coins are now available at all Leader bank locations bank locally and buy your gold locally it just makes sense give leader bank a call and learn more call 877-691-7900 or visit leader Bank dot com Not a deposit not f.d.i.c insured not insured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. Make sense of the world of finance we're helping you to make some dollars as well as the financial exchange with Barry Armstrong in. The financial exchange radio network. Shares are up 15.7 percent based on the fact that they increased user growth by 7 percent from the previous quarter they got 203000000 people using snap chat Facebook's at what about 202400000000 in that ballpark and so snap which had been one of the worst performing stocks last year this was a stock that went from 1450 a share down to 571 so lost about 70 percent of its value last year it's back up to $17.00 a share right now so if you've held it for a year and a half you're pretty much right where you started but they certainly have had a nice trajectory this year has been one of the best performing stocks in the market this year do they benefit from all the Facebook problems. You know we're just talking about how you know people hate Facebook and. They have a benefactor I don't think so no then in the reason I think it is bad well yes a and b. As much as you and I like to talk about how despicable Facebook's privacy you know history has been selling anyone's actually off the platform because of it in any meaningful numbers right now I mean they've got are not growing right now Facebook is basically flat Instagram flat snap chat window Instagram still growing pretty rapidly it is Instagram is growing pretty rapidly the big thing with Facebook there's only so many people that have internet connections in the world and that's the big thing limiting them right now is a they don't have access to China so 1500000000 people off the not able to get on the platform to begin with so that gives you a theoretical maximum of you know maybe 5 and a half 1000000000 and there's a whole bunch of people who either don't have internet connections or b have one and still don't want Facebook a given exam. My dad doesn't have a Facebook account really doesn't want one has no use for it he will when he has grandchildren he can send pictures that's more fun than Facebook and my grandkids is when I have my Facebook it's almost exclusively for her grandchildren I'm one of those people I don't want pictures of grandkids on Facebook you know what we just talked about how bad the privacy is there yeah and you want to throw pictures like one and 2 year olds up there not for me. Financially they're making any money now they're losing $0.90 a share Yeah I mean there was is narrowing there was expected that they were going to lose somewhere in the ballpark of $290000000.00 that was what analysts were looking for they lost $255000000.00 for the quarter so still hemorrhaging cash right now there's some chatter that hey they're getting close to maybe being profitable in the next year so. I need to see more as far as you know this kind of growth happening consistently in order to buy that story but it's clear that things are not as bad as they appeared towards the end of last year where they had a whole bunch of missteps I mean they had you know executives leaving left and right they had a redesign that went terribly that got panned by just about every one so they do seem to have their feet under them and now it's just a question can they get those feet moving quickly enough to turn a profit Chipotle Mexican Grill crushing it their stock is up 5.7 percent I noticed something on this in the way I always look at whether it's a retailer or a restaurant is same store sales their same store sales somehow up 10 percent I thought you'd like that number that's unbelievable especially for a. Restaurant to stablish brand and I say Brian nickel is the luckiest guy in the planet you know this you cannot possibly give him attribution for their success all of their success this stuff had been in motion before he got their daughter believe that Brian Nichols and. For mental and Taco Bell success instrument I know but put the Times is fantastic the day. It happened to fast I mean this the online orders there deal with door dash there you know there may be given credit for a few menu updates regardless I'm sure the seeds were planted but he's. Definitely dead now he's a fantastic c.e.o. I mean you're looking him in pretty much anywhere he's gone it's been a success. Yeah he's not particularly old and again I just look at you just talking about a company that you look at their damn stock it's gone from 382 dollars 383 dollars in the last year it's trading at $7083.00 today it's up $43.00 today it's they're cranking right now and who are they taking share away from. Now I mean there are still chugging along too it's actually a really good question and where this is coming from no McDonald's is humming along like you look at McDonald's sales they're continuing to crank through so it's just the whole the whole Harbor's going up. It feels like that now you get to a point where you can't do that anymore to pull a does appear to have some immunity there just because what they're seeing is that a portion of their same store sales growth is due to larger checks 35 percent that same store sales because of bigger checks which does show they have a little bit of pricing power I think their online ordering is huge people are spending so much because you know when you're in line you kind of feel rushed when you're ordering online you tend to order extra stuff I can tell you that from personal experiences food segments around this time stark and hungry in everything folks do you have a sound strategy for your retirement savings potential changes to existing laws could dramatically change how you plan for retirement this month the Armstrong advisory group has a new guide out that has important details regarding something called the secure Act It's a bill that passed the House in May and if this bill ends up becoming law it could make it far more affordable for small companies to provide for one k. Plans and older Americans could also delay their required minimum distributions and contribute to retirement accounts for longer periods of time at the same time though this new bill could end up creating some pretty significant tax issues for anyone who would inherit a retirement account in the future it also has the potential to make our 4 wind came vestments more complex to get this guy call now at 803934001 in warn about the proposed law now might affect your planning the number again is 803934001 you can also download it right now Armstrong advisory dot com securities offer to securities American Corporate it to member Finra s.i.p.c. And advisory services are for their securities American visors incorporated to Barry Armstrong representative Armstrong advisory group on the securities American companies are on affiliated big news out to you p.s. If you're a stockholder you know that their stock is up 8. Point 25 percent you may have heard that they're going to be making Sunday deliveries but the biggest news about u.p.s. Is they're going to get into the drone business yes u.p.s. Will be delivering packages at night checks you have to worry about seeing the Joe the drones block out the sun so good but they're going to be delivering packages via drone at night literally overnight shipping Well think about it Tucker you're raising the kids a good man in near you go to bed. On my doorstep next morning. By Drone I mean how great is this. Now keep in mind they still have not received approval from the f.a.a. To do that so deal yet than. You think I do. And I think I know Amazon just received approval to. The lookout up did they if this is our future folks will be packages getting delivered checks always had a fear that you know the breed. Testing testing drones Ok same thing you know close enough to her baby steps we're going to get there so it's going to happen I still I'm anti drone this. Huge news the other announcement that they made is. You guys experience package theft from your I have not been to sit when I lived in Somerville and have my packages shipped to the office because they get taken off my doorstep in you here if you live anywhere in the city a city or not or whether it's western Springfield Boston Providence you get a package delivered it's pretty good chance it's going to get still. In all kinds of problems to the point where I had to have packages delivered to my office because I could not have them sent home because they'd be taken off my doorstep so what u.p.s. Is doing is they're signing a deal with c.v.s. Michael's company's Advanced Auto Parts and they're going to use their goal is to have $40000.00 locations. Where you can have your packages dropped off it's it's an interesting mix of stores that they're getting you know it's like c.v.s. An Advance Auto Parts what the heck's going on here this will help them with the rural market because right now if you live in a 500 person town yeah you can't get Amazon you can't get a lot of they won't come it'll have denied delivery this will help both on the rural side and the urban side of things because on the rural side it's how you can make just one delivery to a c.v.s. In the middle of town that's right on the urban side you don't have to worry about package that and then you know having more packages to deliver and so forth and so I think on both of those It'll help you might see a little bit of adoption in the suburbs but in general there's enough density there that the drivers can make the deliveries they need to but not so much density that you have no real package the problem I think what's coming out you know Fed Ex u.p.s. They're they're they're they're having to innovate in anticipation of major problems and challenges being faced by Amazon Don't you know they they certainly are not personally I don't know why we need delivery on Sunday like what's wrong with just taking a day off but people demand it you've got to have people demand it got to have it Dow is off 127 points but don't despair the s. And p. Is up a point the Nasdaq is up 12 points take a look at what we're doing for commodity prices oil is up $0.65 a barrel at $5742.00 and gold is up $3.00 an ounce at $1425.00. It's not too late to get a great rate on a home mortgage leader bank specializes in a wide variety of purchasing refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 877691798776917900 or visit leader bank Don come. Member of the Equal Housing lender number 449250 subject to credit approval leader bank a step ahead if you're closing in on retirement you're going to want to pay very close attention to the proposed changes the government is trying to make to existing law this is Mike Armstrong from the Armstrong advisory group among the proposals included in the secure Act which passed the House in May are very detailed changes that could impact your retirement planning with respect to inherited IRAs if you're a non-spouse where you can currently stretch out required minimum distributions over the course of your life but if this new bill becomes law that provision will be eliminated and you'll need to empty the account within 10 years this could create significant tax issues for your family if you want to learn more call our office right now 803934001 get a copy of this guy that's 803934001 you can also download it right now from our website Armstrong advisory dot ca and Wesley Hogan with West one financial let us put you in a position to do any of these things with no closing cost that's right nothing's rolled in your loan whether it's conventional f.h.a. Or v.a. Will pay or title settlement lender and recording fees maybe you just want to lock in a lower rate or refinance out of paying mortgage insurance all it takes up 5 minute phone call a sailing saving thousands of dollars a year so call West on an 8 a day 453669 it's the biggest no brainer in the history of mankind call us at 88845536698884553669 that's a date 453669 m.l.s. Number 304 not all those apply equalising under. Still plan. News after former special counsel Robert Muller spent nearly 7 hours testifying on Capitol Hill about his report on the Russian investigation the top House Democrat says it won't speed up impeachment efforts against the president testimony from former special counsel Robert Muller helped servers an indictment of the Trump administration but House Speaker Nancy Pelosi says it does not yet change her thinking on calls to impeach President Trump My thought is ition has always been whatever decision we made in that regard would have to be done with our strongest possible hand and we still have some outstanding matters in the courts Pelosi says Democrats will continue legal challenges including the case to get the Justice Department to hand over underlying documents and unredacted findings of the Muller report oxes Jarrett helper and on Capitol Hill House Republican leader Kevin McCarthy blasting Democrats saying today's hearings prove nothing was not the answers they want to hear even when they laid out this theory. Or said I disagree. This should be the end of the chapter of this book that we put America through Emma Carthy says he continued to support President Trump before departing for West Virginia for a fund raiser the president gave his opinion I think Robert Muller. Did a horrible job. Today and with respect to the investigation but it all fairness to Robert Boller he had done think the word with you know you can be a builder but if they don't give you the right materials you're not going to build a very good building president calling the investigation a phony cloud over his administration says Democrats should be ashamed South Korea's military says North Korea has fired 2 projectiles into the sea in the 1st launches in more than 2 months it comes as North Korean and u.s. Officials work to restart nuclear talks this is Fox News. 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