insurance. if you take the totality of what the president did, i think it actually helps the family. so those who are lowest income, their payments will still the subsidies will still go to insurance companies for them to buy their coverage and someone told me that cbo says they may actually pay a little bit less. arthel: let s bring in now president and financial advisor at diversified financial consultants. nice to have you here. how are you? i m well. how will the move help familys? well, let s start with a very important point that was made there. the subsidies are not being stopped for everybody. they are being stopped for a very specific group, and those subsidies were challenged in court and the courts ruled that they were illegal so congress had to appropriate the money for that and basically what president trump did is kick the football back to congress. you decide if you want to appropriate these money specifically for these subsidies. arthel: and the subsidies and t
exposed personal data of some 140 million americans. the ceo at the time seen here, richard smith has since retired. now the interim equifax chief executive is apologizing on my new plans to fortify the credit reports giant digital system and improve customer care. they include adding call agents and expanding customer service training. extending the deadline for the free credit freeze that they are offering consumers until the end of january. also giving people access and control over their credit information.for more we are bringing in dominic the president and financial advisor for diversified financial consultants. good to see you. how are you? i am well. i have to ask, how does this happen in the first place and how can they fix it and can consumers trust whatever safeguards they put into place? look, just in the last couple of years we saw
panting that answer could come soon during a meeting this week with airline industry executives at the white house on thursday. lowering the all over tax burden on american businesses is coming along very well and we are way ahead of schedule and we are going to be announcing something i would say over the next two or three weeks that will be phenomenal. arthel: that will be phenomenal and that was enough to keep veterans happy. joining me is that present a financial advisor at diversified financial consultants. dominic is this good for 401(k)s and what s really going on here? look if you are looking on line and looking at here 401(k) or your ira you have to be smiling from year to year. markets hit an all-time high in friday so this is all positive and healthy wonderful stuff but at some point reality has to set in.
joining us now on the telephone, the president of diversified financial consultants. what s the reaction and the sentiment there? caller: good evening, greg. how are you doing? we re in italy so we re getting a different flavor to the whole thing. and great frankly no one seems to care. in fact i have a lot of friends and family here and most of them are quite surprised that we as americans care. they were like what are you even bothering to ask us. it s something i ve seen on the evening news and it s being followed. but with the regular person on the street they think it s a greek problem and the greeks have to deal with it. let me ask you about american investors in europe and particularly that may have some sort of exposure in greece. what about them? how is this going to affect them? caller: well you know what greg i m surprised you asked that question. but in all honesty i think the
this christmas week was another big week for stocks and your 401(k) with the dow rising 23 points on friday to once again over the 18,000 mark. s&p 500 had also posting a record high. the markets were fueled by rosy headlines and strong economic growth and plunging gas prices, all really good things. how long can we expect the wall street rally to last? let s ask dominic, president of diversified financial consultants. it s interesting when you hear about things that sound so good but yet a lot of polls come out and majority of americans say they rate the economy as poor. where is the disconnect? the disconnect is that not all people are certainly all americans are participating in the recovery the same way. there s 48 million below the