35 Burst results for "Bank Rate"
Dow moves higher early Thursday despite disappointment over new jobless claims
"Coming in higher than predicted bank rates, Mark Hamrick said Texas saw increases in that state of Texas alone. We also saw increasing claims about now. 8,666,000 several other key states, including California Sol games, a tundra Nate for first time claims were filed. The expected number was going to be about 8 50 or so I got on the phone. I'll talk to Katie are each money man, Pat Shin, asking him and at the time that we spoke, the Dow is up. Stocks are trading higher, following games and markets overseas. The biggest games or From what I'll call the venture out stocks, cruise ships, casinos and concert promoters all trading higher, So I wanted to give you that piece of information. But right now the Dow is down 72 points S and P is down eight. NASDAQ still has a little green. That's up for points right now, But we will be keeping an eye on that
Trump says capital-gains-tax cut is 'seriously' being considered
"We don't know yet how President Trump's executive orders on Covert 19 will play out. States say they don't have the money to kick in 1/4 of the supplemental federal unemployment benefit, but the president already has plans. Beyond that. We're looking at also considering a capital gains tax cut, which would create A lot more jobs. Whether it is also talking about a middle income tax got earlier this morning bank rates Mark Hamrick joined us on Colorado's morning news. Here's how he characterizes the tax got talk. I think any talk about a tax cut at this point is really just just trying to fill the void with Idle rhetoric, Hamrick says any new tax cuts are unlikely, at least until the election is
Reverse Mortgage - burst 2
"Hello Mr Chuck here this week. I'M GONNA talk about reverse mortgages I know have been saying that he cannot finance your retirement, but there is one option is not a very good one, and that's reverse mortgage, so we're GONNA go over. What is a reverse mortgage and whether or not you should do it or I don't even think he should put it in. Your retirement plans to even use it, so I'm going to start with an article. FROM BANK RATE DOT COM. Air Thing. You need to know about reverse mortgages by holly. Johnson. And under my new format on a read, what I think is important. Then make comments and then skip down, not gonna read the whole article. If you want to read the whole article, I have a Lincoln my show notes everything you need to know about reverse mortgages. Every verse, which is a type alone where the homeowner throws a portion of their equity, but don't have to repay the loan until they leave the house. One of the most popular types is a home equity conversion mortgage. H. E. Siham which is ensured by the US federal government of the widely available eight C. h. e. c. m. products are only offered by fha approved lenders reverse mortgages can be a solution for customers, age, sixty, two and older, who own homes, outright, or have a Lisa considerable amount of equity to draw from me, wondering why Anyway one borrow against a home when they worked hard to pay off. Why not remain you home in lived there debt? Debt free according to Steve Irwin Executive, vice president of the national reverse mortgage lenders association, nobody gets up in the morning and thinks about reverse mortgages, and whether they should get one and instead they think how they're gonNA pay for healthcare fixed a roof. Pay The property tax or have enough money to live the retirement. He says every Royce mortgage provide solutions to these issues and many others, so people can live more financially secure lives as they age. Okay well. That's some pretty good information right there, and if your strat if you're retired over age sixty two and you have a major event in your life such as you need new roof. Or healthcare issues, which is probably more likely. You can do a reverse mortgage. So what is I reverse mortgage?
Exact Change Please: Walmart, Kroger, CVS Are Feeling The Coin Shortage
"The Great American shortchanges spreading WalMart Starbuck, CVS Kroger. They've all been vocal in asking people to use cards and to use exactly Change whenever possible. His bank rates Ted Rossman on the coin shortage that as more retailers asking customers to pay with plastic or have exact change, because they can't make change. The pandemic kept a lot of coins out of circulation because people were not going to the store as much for a long time. Also, some of the mints that produced the coins were shut down for a
Keep an eye on the labor force participation rate
"It's entirely possible likely. Even the things are worse than the very bad numbers are already telling us from American public media. This is marketplace in Los Angeles. I'm Kai Ryssdal. It is Thursday today the last day of the craziest full month. This economy has seen. Maybe ever good to have you along everybody. There will be in the first few minutes of the program today. Some math and I apologize. I know that's not why you're here. But this morning's news that another three point eight million people filed for unemployment benefits in the past week more than thirty million since early March pledges. Us DO SOME CALCULATIONS. So here we go. The unemployment rate before the bottom fell out of this economy was three point. Five percent that went up to four point four percent in March next Friday morning. We get the April number and as marketplace's Mitchell Hartman reports. It is almost certainly going under shoot. How many people are really out of work? I asked several economists. How high they think unemployment is right now. The average around twenty percent but the official number for April won't capture a lot of people not working because of the pandemic take fifty two year old Brian Forester of Tulsa. I finally got through to the Oklahoma unemployment commission. I'm kind of on. Hold with them right now. Yeah he took my call while a state worker checked on his appeal for jobless benefits foresters out of work and has no income but he wouldn't be counted as unemployed by the Labor Department because he's not actively looking for work he had a job lined up with the Census Bureau. But it's been put on hold. They're really not a lot of jobs out there available right now. That's what I've been doing is basically cooling my hails. So what's a better measure of unemployment Bill Rodgers former chief economist at the Labor Department suggests the labor force participation rate its share of the civilian population. That is either working or they say that they're actually searching for a job. Roger says a sharp decline in labor force participation will show the true scale of employment loss. It's also capturing people who may have gotten discouraged has there aren't jobs in the world of Cova. They're concerned about if they work. They can get sick. The Congressional Budget Office predicts labor force participation will fall to just under sixty percent the lowest since the early one thousand nine hundred seventies. The hope is that as people return to work. Participation will start rising again but there are signs of unease among American workers bank rates Mark Hamrick sites a recent survey fifty seven percent or moderately to extremely concerned about their job security and those least likely to go back to work soon or have employers to go back to our in low-paid sectors like restaurants hotels nail and hair salons. I'm Mitchell Hartman for
U.S. sees worst unemployment numbers in over 50 years
"Update unemployment claims are expected to skyrocket when the labor department releases those numbers this morning California governor Gavin Newsom offers a hint just since March thirteenth one million Californians have now claimed the need to get unemployment insurance before coronavirus unemployment had been at fifty year lows will see on the stock market reacts after opening bell at nine thirty one thing we can bet on above everything else is that volatility will remain intact in financial markets for sometime to come the bank rates mark Hambrick's Dow futures this morning down about a
Should You Refinance Your Mortgage Now? Maybe. Maybe Not.
"Try to refinance your mortgage. We sounds like fun. Doesn't it. Well you know it could be worse right. Look mortgage refinancing applications SPIKE ABOUT EIGHTY PERCENT. Two weeks ago in response to a sudden dramatic drop in the interest rate average. Thirty year fixed. Interest rates dropped to three point two nine percent. That's the lowest since mortgage by Freddie Mac started tracking in one thousand nine hundred seventy one according to the Associated Press some eleven million Americans with mortgages could save money by refinancing according to Bank rate earlier. This month you know about one hundred years ago in Corona virus time. The New York Times predicted that the opportunity to sell millions of loans would be a boon to the country's largest mortgage lenders now those are respectively quicken loans and Wells Fargo quicken washed its digital only rocket mortgage in two thousand fifteen with its. Ad Campaign push-button get mortgage. The company disrupted the state industry. Rapidly rose to the top as rockets do by two thousand nineteen quicken was the country's number one mortgage originator with more than one hundred forty billion dollars in loan volume according to trade publication inside. Mortgage Finance Wells. Fargo was number two with about ninety five billion dollars in funded mortgages the New York Times predicts that the surge in refinance applications will be good for lenders however ultra low interest rates also put pressure on lenders profits and of course the picture couldn't be more unpredictable or complicated because of other economic factors like a potential recession that could force some people default on all kinds of loans that would also reduce bank earnings clearly so says the Wall Street Journal in the story gloomily entitled. Everything is awful all at once for. Us banks. But we digress. Now it would seem to be a great time to refinance a kind of a couple of reasons to think maybe not so much I. The process could be time consuming. Right second though systemically. Low rates quickly became harder to find last week. The average rate rose slightly but the rates lenders were actually offering spiked on March eleventh by March. Twelve it was hard but not impossible to find a lender advertising a thirty year fixed rate under four percent ben laying a rider with the online site. Housing wire suggested that some lenders are inflating their advertise mortgage rates to try to stem the tidal wave of mortgage applications. One Lender told CNBC. Just that there were advertising rates as high as seven percent. But if you could get through to a mortgage processor you might get alone for less than three percent. The inflation stemmed from lenders need to process the flood of applications. They've already received not an easy task. Many trunk their staffs over the past several months anticipating higher interest rates the perfect storm fewer workers more applications left lenders overwhelmed Matt Weaver Vice President of sales at Cross Country Mortgage Tolsey NBC. That it's absolute pandemonium. Those are his words. He likened the activity at his company to Home Depot during a hurricane. Wells Fargo said. It's hiring additional employees and shifting workers from other departments according to the AP but the surge is also putting pressure on related professionals like appraisers entitled firms. You have to have both to close alone right. Kevin Williams of Gainesville appraisal service in Florida says some appraisers overwhelmed by business or
Loaning Money to Family and Friends
"Some of the interesting people drama we ever have on our show involves when someone lends money to a family member or friend cosigns for a family member or friend and and the most difficult circumstances where someone has given their credit card to someone who is now an ex girlfriend or boyfriend and they're left picking up the pieces so did a survey about what happens when you lend money to a family member friend co-signed or give them your credit card. Well if you lend money to a family member or friend you actually give the money to you know. Four out of ten people say they didn't get paid back now. Remember this. Somebody didn't come to the Bank of friend or family unless they couldn't borrow money elsewhere right so that borrower is ultra high risk. There are times we will land to a friend or family member at a sense of obligation or love but follow my rule on this. Actually it's a two-part rule one if you ever lend money to a family member or friend. It's one time only if you can afford it and to in your own mind look at it as a gift not alone if you're giving money to somebody as opposed loan. That's money that you be harmed. If they don't pay it back. Do not lend him the money. Say you up to you cannot afford it second if somebody wants you to cosign alone for them know that it can devastate your credit ruin it for years to come because you cosign and you think. Oh they're going to make those payments and you don't even know they have it or they were late making them you're is liable for it as they are but the worst part they get the pleasure of whatever they were able to purchase with the money you cosigned for for whatever. They're getting car. Whatever you get no pleasure. You only get responsibility and potential pain. How often pain Korean? The bank rate survey thirty five percent of the time. You'RE GONNA end up with pain as somebody who cosigns more than one in three are going to blow up on the person who cosigns think about that and one other thing that friendship. You've you have with that friend or with the family member. You got about a one in four chance that that friendship or that relationship with a relative blows up because you lent him money or you cosigned for something so this one's a tough one because there are times out of the goodness of our heart. We want to help somebody out. So this is a simple rule. Never ever cosign for somebody. If you can't afford to win them the money yourself. You can definitely not afford to cosign if you can afford to lend them money yourself and be the actual bank do that instead of co-signing alone for them because the risk is the same but worse with the co-signing than it is with you just lending them the money when you win somebody money. If you do always have a formal note you want it. Formalized what are the terms was the interest rate the IRS requires a minimum interest rates extremely low. But you can set whatever you want. It's gotta be the equivalent of kind of like arm's length but not really the IRS allows lower than that and it should be for a specific term with payments due at a specific time. Because if it's wishy washy and not clear like that you're not going to get the money just understand. You would be the luckiest person in the world. If you ever saw the money back
US hiring slow but steady amid trade war and global weakness
"The August jobs report showed the economy adding one hundred and thirty thousand jobs last month with the unemployment rate holding steady at three point seven percent the bank rate senior economist mark hammer X. says the trade war with China is having a negative effect on the economy the manufacturing sector is in a downturn we saw that evidenced in numbers recently from the institute for supply management and that's echo in the week pattern for manufacturing all around the globe the problem here of course is trade disputes terrorists and global economic weakness and the administration's tough stance with China's obviously exacerbating
Donald Trump meets Queen at start of UK state visit
"Much. It is always a moment of imported, what is a special relationship. We've just seen Marineland to the side of the garden at Buckingham Palace. And then the pageantry of the president United States and first lady exiting to be greeted by Prince Charles and to be escorted to a handshake with the Queen outside of Buckingham Pels, John Farrell official this morning, Woodrow Wilson's entrance into London. In one thousand nine hundred eighteen is a conquering World War, One hero. Very different this time. But nevertheless, the formalities are there, whichever president, typically at a state, visit, though, you'll greeted ho Scott's parade says original Bank rated in the garden, Horseguards parade. Is this is in the Kentucky Derby, as it is very different summit. It's not the Kentucky down for no. So typically, welcome to Horseguards parade. Welcome this time by the prince of Wales, and the duchess of Cornwall they will go inside. Now they would also meet with the Queen that we'll have lunch together. I understand also that you have Sussex will be joining them as well. But Princess of his associates on maternity leave. She's on maternity. Leave our listeners worldwide will not be doing Royal baby talk on this program. Don't we will lose to vote? That's the excuse for the duchess Ajan. Don't get me started. I don't you? I have no interesting, comfortable baby. On new importers looking at us. Humping that we just took credit and we talk about this sunny. Keep talking. William. This Jerome Powell nasty right now. Getting out front. No. I just on the, the Queen no one's getting any young. So I think people are going to read chicken entrails into who's meeting whom, and so on an patch, it shouldn't be over interpreted. The key point is this is a state visit not government. Visit so. Yes, that is an. Council on Friday, the counsel, general, I should say the United Kingdom was John and I were in London, we're seeing the, the guns cannons are out shooting. It reminds me of the movie, the patriot. And this is a true story, folks. Ball went right through Cornwall's. I honestly never know whether it's a true story with you will. Bar, but they're, they're doing this going to be many as you mentioned, John correctly. All of this pomp and circumstance leading up to exceptionally serious Thursday at Portsmouth, the seventy fifty anniversary of the landings
Canadas housing market is stable. Sort of. Maybe.
"Do you think you'll ever own your own home or do you already own one? If you tell me your age and wearing Canada you live. I can probably answer these questions without ever meeting, you the housing market, and this country is a funny thing, and it's a huge source of frustration. For anyone in Canada's biggest cities where the market has been so out of control for so long that the term bubble no longer applies. And now that insane demand is having a ripple effect everywhere. From nearby suburban communities to cities down the highway to other cities in other provinces where you can afford a palatial detached home for the price of a one bedroom. Condo and downtown Toronto. Vancouver. Canada has tried a number of things from interest rates to foreign buyer taxes to new rules around mortgages in an effort to even the playing field bet to regain some semblance of control over an investment market that is more closely tied to how we feel about our future than any other. And yeah, of course, there are exceptions to that. And no not everybody needs to be a. Homeowner. But look for generations. The purchase of a family home was a symbol of arriving arriving as an adult in the stable middle-class as a real family, and in at least a few places in Canada right now, either that definition needs to change or something else. Does. Jordan, heath Rawlings. And this is the big story. Sarah NATO by writes about the housing market for publications like mcclain's, maybe in business and TV. Would you end up talking about this subject? What kind of image do most people have of the housing market in Canada? Particularly the big cities. Well, everyone's impression of the housing market tends to rest on where they sit in it. But I think it's fair to say that most people shake their heads at the state of the housing market, particularly in the Toronto and Vancouver. You got a lot of. Oh, I'm so glad I got into the market a couple years ago. Or I'm worried about my kids like those are the things that come up at dinner parties a lot what is the state of the real estate market in Canada in twenty thousand nineteen two years after everything was crazy. So the answer that question depends on where you were asking from nationally things are stable, but not particularly energetic. You're seeing relatively flat. Price slightly falling sales in Vancouver. Things are a lot cooler than they were in the spring. A twenty seventeen in Toronto things are stable and then in different pockets, you have different things. So in the west things are quite slow right now partially because of oil in the east things are doing fairly well cities like Montreal and Ottawa are doing quite well because they're affordable in the strong job markets. I think you guys talked about P I recently podcast and in their real estate market's doing very well as well because they've got strong immigration, lower price point, weather home. So that's kind of like the sweet spot if it's like a good job market. But you're not seeing those big big prices like in the greater Vancouver. The greater Toronto area. There's a lot of opportunity. But I mean, there is just such a focus on those two centers that it can be as somebody who lives in Toronto. Sometimes it feels impossible to think about that. As an option we legitimately have conversations in our story meeting here about moving to smaller towns in Canada, specifically for the housing market. I feel like we're not alone. No. I mean, one of one of the things you do at McLeans is there's a column where we'll take a number. So last week was two hundred. Fifty thousand and then we'll say you. What can I get you across Canada? And the answer in Toronto is basically nothing, but you can get a nice piece of land and four bedrooms, if you're willing to go northern Ontario, a lot of places in Saskatchewan the east. So I what a lot of Connah's will say is that there's the story and maybe like Toronto, and Ben couvert, then there's the story regionally, and those are those are quite different generally in those cities in Toronto and Vancouver in particular, how hard is it just for a middle class to average income family to purchase a home. I was actually doing research for another story today. And there's a stat that came up that was in the over the last thirty years home prices have written risen four hundred and thirty five percent and household incomes have risen in that same time one hundred fifteen percent. So when you think about that, even if you are well earning dual income young family, it's incredibly difficult to enter the market, and what you are. Is that condos are more and more the way that people are attempting to do it because the single family home, especially in the court just feels out of reach for a lot of people. How has the market changed? I feel like we've been having this conversation about Toronto and Vancouver in particular, but the housing market in general for the last I don't know how long it's been going on but several years. So there's a good narrative I would say in the last three years in that in the spring of two thousand seventeen if you may recall, there was a lot of attention paid particularly to the Toronto housing market because you are seeing these big month over month home price increases and people were saying this is a bubble. You know, this isn't sustainable, if there was worried both when people who wanted to enter the market, but also observers saying, you know, is this actually realistic these prices, or is it just speculation a fervor around homes, and then what then sort of happened was that the Ontario government the time the wind government introduced the fair housing plan, which had you know, number of components, but also included a v. Eighteen percent foreign buyer tax. There was a concern that foreign buyers were coming into the market buying property pushing prices up statistically, there's still some debate about how much of a factor that actually was but the idea of it and sort of the the speculation that it caused had an impact. So when that tax came in you saw prices go down very quickly. And then we had a couple of other things start to happen. So interest rates ever since the two thousand eight financial crisis. I've been very low. We're talking about fifty percent for a very long time in the Bank of Canada's started to raise those and when interest rates go up so do mortgage rates so that also had an impact on things, and then sort of the final say nail in the coffin. But final factor was last January stricter mortgage rules came into place, which we can go into you want to understand how they work. So I think a lot of us have heard that there's new mortgage rules. But what do they mean on the ground for someone buying a house? So the new mortgage rules, so they came into place. Lasting ring, and they took a big chunk out of sales. Because the reason for them was the idea that as interest rates are rising, which they have been in the Bank of Canada has indicated that they will continue to the fear would be Cam people continue to make their mortgage payments. Right. So the government basically stepped in and implemented this additional stress test with the idea that they didn't want people buying homes. They couldn't afford and what it meant was that previously. If you had put down at twenty percent down payment, you wouldn't have to do a stress test. Like, you've seemed like a credible buyer, you, okay? And you could then purchase on your banks rate, which would probably be if it was competitive you three percent or somewhere there abouts the new stress test is that you have to qualify at either the banks five year rate or your banks rate. Plus two percent. Just probably in the five ish range, whichever is higher. So you have people who could have purchased a certain amount based on that three percent. Right. Who now are looking at this five percent rate thinking, maybe I actually can't qualify at least for the what I had wanted what I envisioned so a lot of people are priced out of the bigger markets like Toronto because of the test and that took a big by that assails January of last year. Then you saw sales go down out throughout the year and then slowly start to end up again. And then this year, they've also been kind of I would say sluggish that's one of the reasons we wanted to talk to you because it does seem from from your reporting in from, you know, the monthly real estate data that comes out that in the big in the big markets. They haven't seen that typical spike. They usually do when the weather gets a little nicer, very, right. So the numbers that we have right now are the latest numbers for March. So not as we can Etienne's now to warm yet. But you're right that this is traditionally the beginning of the spring market, and it's definitely not the boost that is traditional, you know, the Canadian real estate association in their latest release. They're the guys who put at the national stats said that this was I think a six year low. So you know, there's some reasons for that. I think the mortgage dressed has is a big one rising interest rates are a big one, but the consensus from at least economists seems to be still positive like their their thing is this is natural and healthy because we had these prices that were on sustainable. Yes. Things are a little bit cooler right now. But you know, it's not in a freefall and you'll probably see activity start to pick up more in the summer and the fall, and there's also the federal budget included some some things for homeowner. So there is a thought that down the line when that actually comes into place, which is in the fall that could also be a slight boost for sales. Have we seen evidence that people in Toronto and Vancouver are expanding their look are we seeing markets and kind of adjacent cities bubble up. Absolutely is especially I mean, like the thing is when you say like the greater trial area. What you're really seeing is like Hamilton. Is doing very very well. If you talk to the realtors there, even like the the municipal politicians like they know they're such a drive there. And really what you're going to see as well as not even I think Hamilton is perhaps. And obviously example, but like smaller towns like clarington like a little bit farther out. I mean, he's like two hours drive from Toronto. They're expecting to see huge population. Boom. Just because there is so much migration to the area. But you know, it's it's very very difficult to buy even an hour outside of the core of Toronto, you mentioned the foreign buyer tax, and we've talked a couple times on this podcast about of the influx of Chinese money in Vancouver. I realized that it might have kind of made us small dent in the Toronto market. But have we seen? We've now got enough data for a while from Vancouver. Have we seen it really have an impact their foreign buyer taxes? You have almost always an immediate impact. What many economists will say is that they are not necessarily a good long-term approach because what they're doing is. They're try. Trying to tap down on demand. But they're not addressing supply. So in Vancouver. For instance, they introduced their foreign buyer tax in two thousand sixteen and then they sort of added some additional elements to it in the spring of two thousand eighteen and both times at this happened. There was an effect on the market. Like right now, actually, obviously prices are still very high e the market has much cooler in the last year because because of this, but what a lot of industry watchers will sort of say is. Yes, this has had an impact in the last year. Maybe it will continue in the next couple of months, but you still have a huge amount of demand for property in Vancouver. You still have a limited supply. Ultimately, this tax is not going to impact those fundamental things anytime soon, and when you look at the data of how many
Adult children are costing parents their retirements
"A new study finds one half of American parents who support their adult kids say the financial drain is putting a big squeeze on their retirement. Savings Bank rate dot com analyst Kellyanne Smith. Need to sit down with their adult children and have this open conversation, especially if it's affecting their financial futures Schmidt says parents can we in their kids from their wallets by setting clear
Economy Week Ahead: Services-Sector Activity, International Trade and More
"Jobs, jobs, jobs, jobs, jobs, jobs, good, better indifferent. Because it looks like it's pretty decent. Oh, I always going to be with you. Chad. Thank you for your kind words. You know, I think this is a much stronger than expected report we broke above the three hundred thousand barrier number of jobs added, and that's admittedly with a revised number four December which earlier was about three hundred thousand and gets brought back down to earth two two hundred twenty two thousand unemployment rate rose a bit that was because mostly the partial government shutdown. So that probably isn't a long-term consideration. But no, you have to say that everything that we've been working through in the US and global economy in recent months, averaging I think two hundred fifty four thousand jobs a month over the previous three months and ten years into an economic expansion one hundred. Straight months of jobs creation. Pretty impressive. Yeah. It is pretty impressive and late like a lot of us. Right. Thank start going. Really? Well, and we're always looking for that bottom to fall out. All the the things are going. Great. Don't don't mention anything. Things are going great. And and people are looking around. And and wondering when is that bottom gonna follow it is that going to be that I scary thing. I mean, I read today that Italy might be heading towards a recession or in a recession. And everybody's always looking for that first factor that I indicated there's going to be some issues. Well, I do think that at this point the US economy is the stellar economic performer around the world right now and western Europe is worry you have Bracha US, China, China, obviously weighing on a lot of corporate earnings coming and recently, everybody from apple to Invidia and that underscores the pressure on the US and China to work out a trade agreement and you're right. You know, we do always want to say, okay, we're good now. But what about tomorrow about I'd say for the foreseeable future? It looks as if the expansion. Continues to home right along. And you know, looks like we'll probably in two thousand eighteen with an annual growth rate of about three percent will probably do a little better than two percent for this first quarter, which tends to be one of the week or quarters of the year, at least in terms of trying to measure it. So and then, of course, the impacts from the partial government shutdown what you'll be resolved in the coming weeks. Meaning while we destroyed an economic activity that won't ever come back with the economic activity that was delayed meaning paychecks that didn't have money to spend that money will be spent. So so far so good. Talking to Mark Hamrick. bankratEcom breakdown the economic news. You talk about the government shutdown, and again, it will resolve itself over the next couple of weeks as far as looking back and see what kind of damage was done what kind of damage you was actually done. Well, first of all there was the damage that individuals, right? There was the damage to individuals who aren't don't have substantial savings, and you know, Bank rate has done these surveys for a long time that have found that close to only forty percent of Americans have enough in their Bank accounts to pay for an emergency expensive one thousand dollars or more. And so this reminds us that whether it's a a partial government shutdown and eruption our own employment. A storm of some kind that keeps us park for a few days or something else we do need to have that emergency savings. So that's the personal impact that is real. And so within this report we see that there were five hundred thousand people working part time in the private sector. That would have liked to have had fulltime. Work added Justin the single month a half. A million people were affected in the private sector with a not having fulltime work. So that's one thing. We have knew that there were four hundred thousand workers of thereabouts in the federal government that were furloughed and essentially considered temporarily unemployed. Yes that was temporary. But we know that from all the reporting we saw during that period that that was having real impact on people. But to your earlier point. Yes, most of this will be restored. I do worry about the lack of the federal government's ability to attract and retain workers because I think the the allure of that has been dealt some damage with three government shutdowns in a year. Now. Yeah. Which is which again is is it just shows you how bitter nasty it gets. And and and how we can't even I mean, if we look up we said, the sky's blue even if it is they're going to argue and say, well, it's probably cloudy somewhere. And that's that's a sad situation. That doesn't do us any good talking to Mark Hamrick. bankratEcom as we discussed the economy. Trump should be out touting this and one of the things they should be talking about this not getting talked about the mainstream media because it's not salacious is. The fact that China is feeling the effects of the trade kerfuffle, it's not really a war war. But the trade kerfuffle, they're really feeling the effects, and that's not that's not really being talked about. Well, it is among those that are interested in these things. But you're right. I, you know, I guess one never at least I'm at the point where I can't try to put my arms around what the administration says why? And and what a dozen say, but you know, this week we had the Chinese delegation in Washington and the president. Both both the president and his counterparts early were playing nice at appeared and gave hope for this agreement ahead of the March first deadline, but you're right. I do think that China is seeing more pronounced slowdown than had been expected. And as China goes really so goes much of Asia because as as the global economy interconnected so are the Asian economies. And and so it probably is an accurate observation to say that to some degree. There's more pressure on China, but you know, when you essentially have a totalitarian regime, which does not respect us civil rights. So they have also means to let's say come up with quote unquote solutions that aren't practical or even possible in a democracy. No. But one thing I've always said about capitalism is the thing that breaks down those walls is the fact that eventually, even if you give them freedom to a certain extent, economically if you take that away, and they've already had all their other freedoms takeaway that's going to break faster than if you didn't have anything to begin with. So wait a minute. You've taken away my Friedman think it all of this kind of stuff, and you gave me some economic freedom. Now, you taking that away. And I think that's a real worry over there is how do we control this because this isn't Tiananmen Square? We've got freedoms now economically, and you take that away and that could get ugly fast. Well, I do think that always underscoring what China's doing is an understanding that civil unrest is always a risk. Right. And so as it is in most countries, so. Absolutely. So that's why they need a stronger growth on basically almost everywhere else in the world. And and I ultimately it is to their benefit as it is to the United States to have a large framework and understanding of of how our trade should try to meet the needs of both sides. What's it like to? I mean, 'cause I hear all kinds of stories of what it's like to operate a business every got friends who've done it and the way that the Chinese government just comes in. Mark is is basically they want all of your stuff. They want to know everything you're doing they want everything they possibly can know about you. And they take it. And they essentially by the by the sounds of it's kind of handed out to all of the other Chinese what would be your competitors. But it's part of the cost of doing business over there. Well, you know that gets to the whole part of the most difficult aspects of the discussion that if there's anything that probably stands on the way of having an agreement in the near term. It is the aspects that have to do with so-called intellectual property, and you know, essentially when one is operating in China. You don't have the ability to control even perhaps access to your hard drives or the data that you're sending abroad. And that means that everything that you design, everything you produce, everything you write about in communication is at risk of essentially being hijacked, and I think that longer term that is more the concern because what is the great what what are some of the great things about the US economy. It's our inventiveness our to our ability to innovate, and that's why we have so many wonderful products and services that originate in our country that don't originate anywhere else. But if we don't have the ability to protect those things under something that's akin to a rule of law, then their value sharply diminished. And so that's why intellectual property and trademarks and patents. And all those things are really at the heart of what is probably even from a numerical standpoint. The most valuable part of this discussion talking to Mark Hamrick. bankratEcom appreciate you coming on one. Last question of fourth quarters. The earnings are coming out of the retail this stuff, you know, Christmas. All of these things are we looking, you know, I mean, some things seem to be good. Some things seem to be bad. Some of that might play into the fact that we're in this kind of kerfuffle with China's specimen comes to electron IX and things of that nature. But all in all seem like we're you know, that it was a decent fourth quarter last year. Well, I mean, I think obviously had a significant rise on the stock market's value from that Christmas Eve low, but the question is how much should you be discounting future earnings? And that's a question that I don't think that I can give you an affirmative answer to meaning the markets had a pretty strong rebound. We're we're getting closer to a behind that. We're seeing last year. And do you have reason to be very optimistic about the future earnings and buyer, but I think you can paint the picture as to how that can happen. But do you have, you know, a a strong confidence? So that's actually going to happen across the board. I think I think you probably need to see more evidence that the us and global economies can hold up, and that there is a there is a resolution of U S, China trade. But the other part is now with the Federal Reserve, basically saying, well, you know, we may be done with interest rate hikes. Now, if indeed that's the case, then they're the you know that there's the positive side of that where the market. Loves that. But there's a part of it that the market should love. Which is if the outlook is so cloudy that the fed doesn't feel like it can raise rates anymore. You know, that tells you something about the overall strength of the economy. Absolutely bad. You are the man the legend Mark Hamrick. bankratEcom who'd he got this week in the Rams the patriots. Well, funny. I was going back and forth with that when my colleague Greg McBride who died in the wall Steelers fan, and I said first of all you have to admire and acknowledge the Tom Brady is a beast. But and so are the patriots for all the reasons that they've won. But there's just a part of me that says that you know, I can't cheer for them. But you know, you might say that the risk is they win. But because I always pretty much love the underdogs. I'm gonna I'm gonna hold that somehow Los Angeles can pull this out.
Shutdown Had Little Impact on Strong Jobs Picture
"Jobs, jobs, jobs, jobs, jobs, jobs, jobs, good, better indifferent. Because it looks like it's pretty decent. Oh, I always good to be with you. Chad. Thank you for your kind words. You know, I think this is a much stronger than expected report we broke above the three hundred thousand barrier gala number of jobs added, and that's admittedly with revised number for December. Which earlier was about three hundred thousand and gets brought back down to earth two hundred twenty two thousand unemployment rate rose a bet that was because mostly the partial government shutdown. So that probably isn't a long-term consideration. But. No, you have to say that everything that we've been working through in the US global economy in recent months, averaging I think two hundred fifty four thousand jobs a month over the previous three months and ten years into an economic expansion one hundred straight months of jobs creation pretty impressive. Yeah. It is pretty impressive and know. Like a lot of us. Right things start going really well. And we're always looking for that bottom to fall out. All the all the things are going. Great. Don't don't mention anything. Things are going great. And and people are looking around. And and wondering when is that bottom gonna fall it is going to be that I scary thing. I mean, I read today that Italy might be heading towards a recession or in a recession. And everybody's always looking for that first factor that I indicated there's going to be some issues. Well, I do think that at this point the US economy is the stellar economic performer around the world right now and western Europe is worry you have Brexit of US, China, China, obviously weighing on a lot of corporate earnings coming in recently, everybody from apple to Invidia and that underscores the pressure on the US and China to work out a trade agreement and you're right. You know, we do always want to say, okay, we're good now. But what about tomorrow about I'd say for the foreseeable future? It looks as if the expansion continues to home right away. Long, and you know, looks like we'll probably in two thousand eighteen with an annual growth rate of about three percent. We'll probably do a little better than two percent for this first quarter, which tends to be one of the weaker quarters of the year, at least in terms of trying to measure it. So and then, of course, the impacts on the partial government shutdown which will be resolved in the coming weeks. Meaning while we destroyed an economic activity that won't ever come back, but the economic activity that was delayed meaning paychecks that didn't have money to spend that money will be spent. So so far so good. Talking to Mark Hamrick. bankratEcom breakdown the economic news. You talk about the government shutdown, and again, it will resolve itself over the next couple of weeks as far as looking back and see what kind of damage was done what kind of damage you think was actually done. Well, first of all there was the damaged individuals, right? There was the damage to individuals who aren't the don't have substantial savings Bank rate has done these surveys for a long time that have found that close to only forty percent of Americans have enough in their Bank accounts to pay for an emergency expensive one thousand dollars or more. And so this reminds us that whether it's a a partial government shutdown and eruption our own employment. A storm of some kind that keeps us park for a few days or something else we do need to have that emergency savings. So that's the personal impact that is real. And so within this report we see that there were five hundred thousand people working part time in the private sector. That would have liked to have had fulltime work added Dustin the single month a half. A million people were affected and the private sector with a not having fulltime work. So that's one thing we knew there were four hundred thousand workers of there about in the federal government that were for load and essentially considered temporarily unemployed. Yes that was temporary. But we know that from all the reporting we saw during that period of that was having real impact on people. But to your earlier point. Yes, most of this will be restored. I do worry about the lack of the federal government's ability to attract and retain workers because I think the the allure of that has been dealt some damage with three government shutdowns in a year. Now.
164,000 pounds of raw ground turkey products recalled
"To various states across the country food safety officials are worried that some contaminated Turkey may be in people's freezers. The recalled products have the tag p five seven nine marked on the lower left corner of the front of the package. The USDA says the recall was part of an investigation into a November. Salmonella outbreak that involved two hundred sixteen patients in thirty eight states. I'm Julie Walker. The Grinch steals, Wall Street. I'm Jacky Quin with an AP news minute. The Dow lost nearly three percent of its value today. Dropping six hundred fifty three points in trading day shortened by the holiday Bank rates. Mark Hamrick presidents attacks of the Federal Reserve chair. The alarming
"bank rate" Discussed on KCBS All News
"A new Bank rate dot com report shows millennials are more likely to share that information. But as KCBS Carrie Hodousek reports nearly a third of those surveyed said, they keep it a secret from their significant other people who earn less money, or who are less educated are more likely to have withheld their salary information in a serious relationship, but bankratEcom analysts Amanda Dixon, says sharing how much you earn with your partner can actually help your financial situation in the long run when it comes to a romantic relationship Daikin just break down barriers and ensure that you all are on the same page when you're trying to set by neutral goals like buying a house or car together. If you're telling a co worker about your salary, make sure you trust the person or it can create a lot of tension at work. It really depends on what? Why you wanna ask your co worker in the first place, and if you're trying to figure out your overall market value and make sure that you're getting paid? Would you deserve? It might be best actually talk with the manager. Instead, according to the Bank, rate dot com report, millennials are more likely to share how much money they make compared to other generations. Carrie hodousek. KCBS fight a ruling could be a few months away still. But it looks like a judge in Sacramento is heading toward a decision that could remove a potential roadblock to the states high speed rail project, the judges issued a preliminary ruling against a lawsuit filed by opponents of the bullet train. They argue that legislation clarifying the nine billion dollar bond measure for the project represents an unconstitutional modification of the bond act itself. The state argued the legislation does not change the project nearly clarified the language surrounding the issuance of the bonds Superior Court Judge hearing the case in Sacramento appears ready to rule in the states favor. But a final decision will wait for a few months. Now from a small.
"bank rate" Discussed on NewsRadio 1080 KRLD
"Just basically you feel perfect. And you don't even think about what the number is. Yes. It's much nicer energy bills. Admit. So speaking of numbers, there's a number that you've been accustomed to getting for free. That's not gonna be there anymore. What number is that you've seen an account called quiz O, which I learned about from you several years ago, and I've used it for ten we the FICO and also helps with one of the free credit reports, and I've always trusted it, and but I just received an Email few days ago saying that they're going to be going away. And they're asking me to join some called Bank rate Bank rates completely legit and quizzical. I think was the pioneer, and you must have been listening to me for a long time. If you heard me talk about cuisine because that was years ago that I talked about them being this great pioneer with free information available and all that. And they've been clips in recent years by credit karma, which is. Is the largest source of information where you can see what's going on with your credit and all that and credit sesame. Both been quicker in the market. And the Bank rate is a very successful. Clearing house of information and quizzical found a good buyer for for their customers, and I would feel comfortable, you know, Bank raid is setting up a new portal that will give you access to free information about your credit that is kind of like a more modern adaptation of quizzical, and I would feel comfortable using the Banchory platform. Excellent. That's I just wanted to be sure because I know that I can trust anything that you've recommended as I always have. And no, I'm comfortable to just go ahead and start using Bank rape, and realizing that quiz won't be going away. Well and over the years, and I appreciate your trust. In me over the years. There have been people who have not been happy with things I've told them about I remember there was a phone service probably ten or so years ago that my own brother heard me talk about it and signed up for it for years pay prepaid for multiple years of service, and then like eight months in they folded. So I don't know if he's forgiven me yet. But with with all the technology startups of every kind some of them have great ideas that the marketplace just doesn't support them as an ongoing thing quizzes been around for a long time. And now they're Morphing with the new owner. And I think it will be just fine for you to transition to Bank rate. You're listening to the Clark Howard show..
Report: This STEM Degree Is The Most Valuable
"So what's the most popular most valuable? We should say. College majors. New ranking is out joining us this morning as Adrian Garcia from bankrate dot com. Adrian good morning. Welcome to the opening bell. Thank you. Good morning. Well, the envelope, please. This Bank rate survey or ranking has the most valuable college majors. What are they? Yeah. So we found was really dominates. The list is to stem fields science, technology engineering and mathematics, all earning. Six figures. The top five for us coming in at number one is the actual science degree. So an actuary numbers Connor. Exactly, there's extras are basically the best way to think about them. Or where is the people who set the premiums for our car insurance or health insurance home insurance? And they also make sure the insurance companies have enough money set aside to pay the claims when we go to them and need to cover something, I have a friend who's an actuary, and he will take my age couple of other factors whether or not I smoke or not and can tell me about one I'm going to die. Yeah. They have a job. That's always fun to talk about a dinner party is partly because they have to deal with mortality rates physical. When people are going to die. That's one of the things that count the average income one hundred eight thousand six hundred and fifty eight dollars number two was a surprise zoology. Yeah. That's surprising. A lot of folks it has a really good income of the hundred and twelve thousand dollars on average roughly unemployment rates super low at one point four percent. But you'll see a lot of people with that may undergrad go on to get a masters or doctorate degrees suggesting maybe they're going in the Mets shelter using other than just studying animals is the that was going to be my next question. Is there any way to find out or do you know, what those folks who are doing as are doing out there and why they've chosen that field? This study of definitely takes into account what people studied and what percentage of them got advanced degrees as well as their unemployment income. Unfortunately, we didn't look at what they did. With those degrees. But questions like zoology makes you wonder, and I think that's something. We'll definitely consider looking at future years number three nuclear engineering. Yeah. We can expect all the engineering majors to do. Well, no, no engineering majors are eating ramen noodles based on this study. But average income there was one hundred and nine thousand dollars. An unemployment rate was one point nine percent. So again, both string this stem jobs. A lot of them pay. Really well. Yeah. Health and medical programs and before applied sciences number five. Were there any surprises on the list on the rankings in your mind? I guess we have been famous several times. I don't wanna sound like a broken record stem dominated it. Anytime you saw non stem major was number fourteen that was public policy suggesting maybe some of our politicians or lobbyists, or, you know, others in the social space are able to also good income that science technology engineering, just stop twenty spots dominated. Yeah. Let's go to the other side of that list. What did the ranking show that we're the least valuable college majors? Sure. So science all that dominated the top arts and humanities really fell to the bottom with the miscellaneous fine arts degree coming last. It's already kind of a fake degree because it's not theater and dance visual and performing arts. So their average salary is forty one thousand dollars, but unemployment rate is super high nine point one percent. Wow. That is super pretty high. Let's see some of the others there at the bottom of visual and performing arts. Go ahead. That's another fight arts degree, you're gonna take causing culinary arts. Yeah. And then clinical psychology down their composition speeches. Well, all those down near the bottom. Those degrees, fared, well, clinical psychology. I think a lot of us think of that. It's more professional degree, you've probably find jobs average and coast fifty one thousand dollars, but the point that pushed up because so many of those students had to go on to get a masters or doctorate degree that. They might have to take on more debt are rich into their savings before they can start learning working Adrian, what is the takeaway here? Obviously there if you're out looking for a job that is going to earn you a lot of money and keep you employed. The these rankings are important. But should we look at this his perhaps that some of these degrees are not valuable? I mean, isn't isn't all college sort of valuable in a way? I think the overwhelming research out there is no matter what getting a degree is still in the long run going to be better for you than if you didn't get one. I think what you need to do. If you're looking at it looks like there's and picking a major thinking about student. You have there's realized that they're probably not gonna pick their major based off of how much money that can earn. Most of us didn't do that. So you have to balance what you're passionate with being practical that might mean living with roommates during college that might mean going to a community college and civil four year institution. Are living in a market. That's cheaper. Yeah. And that was going to be another question here. You know, we look at some of these stem degrees. It's probably pretty expensive to get one of those degrees. Isn't it? It. It definitely depends on where you're going. If you're going to a more prestigious school with the best rec center, you're probably gonna pay out more than if you go to a community college where you can get the same degree at. So it depends on market. I've talked to some people from California where the cost of living super high, and they look at the six figure income, and they kind of shake their head at it. Because that doesn't goes far they weren't certain markets. You're absolutely right. During the system what the results would be dramatically different. If we were in another economic time as opposed to the strong economy that we're in now. I don't take the results would be so much different. I think we've heard a lot about wage growth has not followed the great economic. I think we're waiting to see those numbers pushed up, I think what's really changed since there's been a huge push in stem. But also this list. Let's let's remember it doesn't take an account. There's also been a huge push in the trades. And you could earn good incomes and a lot of the traipse throughout the country. So let's keep those
Target posts best comparable sales growth in 13 years, shares hit record
"Target posted its, best same store sales had thirteen years last quarter they were up six and a half percent the company's crediting new house brands and yes. Online orders shares gaining pre market for. Urban outfitters, last quarter made four in a row the fourth straight, quarter of same store sales gains and, digital offerings are indeed part of the reason the company also credits international growth wholesale expansion Lowe's home improvement chainsaw upbeat results in the all, important spring quarter, but it is reworking its profit and sales calculations, for the year and its decision to close all of its. Orchard supply hardware stores is hurting it in pre-market trading there is a positive trend. To in terms of saving twenty eight percent of. Us were working say we are saving more for retirement this year Bank rate says only thirteen Percent of, working Americans say if saving less than last year on Wall Street stock futures are flat strategists blamed the political news s. And p futures down four NASDAQ futures at. The flat line Dow futures Twenty-one the beneficial Bank Philadelphia index from Bloomberg rose two thirds of a,
"bank rate" Discussed on 850 WFTL
"Yeah. I mean, I, you must have different nation. You would hate being in this generation, you must, oh, it's no, it's, it's horrendous. I would, hate, that yeah no I'm not. A fan I don't do Instagram Snapchat, any of, that, stuff so, to, Snapface incident Do the face smash well I knew this was, coming to believe it or not I predicted, this. Two years ago when they were forced, to get, out of the real world they're going to be, hit hard by. Life bro no, seventy seven percent. Of older millennials older millennials they say they. Lose sleep over things like money, work and relationships in other words aka the life. It was a Bank rate. Dot com report and if. That's the real, deal they looked, at millennials twenty eight to thirty seven so that's the upper realm and they say they, are they're this out like I. Said seventy seven. Percent and a higher rate than any other demographic. For, people seeking, psychological help, which I don't fault at all by the? Way I think it's the healthiest? Thing you can do. Yeah. I, just I mean what. Did you think was, going, to happen life comes. At your heart bro Welcome to it man bun all right hey coming up next this is a crazy story, Senator Bill Nelson is on the. Clock like literally. He has end of business today to come up. With, some proof, about this, claim about election fraud here we've got this? Coming up next keep it, here Jennen Bill rich. Joyce and Boris Keith now on itunes and Google play your favorite. Shows now available. On demand. Stay connected. Whenever, you want. Us, talk eight fifty w. f.. T. Al there's a better way to buy home insurance with progressive new homequote explorer tool get accustomed quote at a great rate all online see for. Yourself. How much you could say at. Progressive dot com Okay here's the plan. We infiltrate the casino the Bank grabbed the loop and make art We are talking. About the one hundred thousand dollar big giveaway Popping apart where they're giving away five hundred dollars cash every fifteen minutes Fridays. And, Saturdays? In August with one big winner on August thirty first right of course not to, sell, cancel getaway car seventeenth and. Eighteenth must be. Terms. Conditions rewards benefits are subject to change eligibility exceptions apply seafoods Okay south Florida tune in Saturday afternoon at two for the latest in natural and conventional medicine checkout holistic health law the show that's entertaining and lightning and most of all fun celebrity interviews the latest research in your calls make holistic health line. Your, direct? Line to help join Jane Peter and Jansen for holistic health line every Saturday afternoon, at, two news talk eight fifty. W. f., t. l. You know when you think about, selling your.
Boston, Chris and Red Sox discussed on WBZ Morning News
"Had open space and now. Getting that, kind of question phobic feeling so it's. Got to be more, planning around development in this. Community and then also you know making sure that the infrastructure can really handle all the new people that are moving in without a master plan she, fears. Will mirror the district and lose its multi Cultural identity and I'd wanna. See people displaced because. They, can't, afford to lose here and I think there is a danger. Of that Bernice Corpuz. WBZ NewsRadio ten thirty economists beginning to suggest that a recession is on the horizon ABC's Daria Albinger has a tip on how to prepare it's full steam ahead for the economy right now but it isn't always going to be that way and boy whether, it's, six months year two years three years down the road there will. Be. A recession Bank rates Washington bureau chief Mark. Hamrick I would say that workers need to continue to try to optimize their careers at this point in the economic expansion so he has this well folksy. Advice you'd need to make hay while, the sun is shining so to speak and you know make those dollars and save them as best. We can Daria Albinger ABC news the Red Sox hoping to make. Hay last night, at Fenway, things didn't quite turn out the way we all hope let's head to the ticket dot com sports studio at. Checkout Chris sluggish start at the second half of the Season continued last, night for, the Red Sox Boston just, three and three now through, six after, they lost, a tight one. Two the twins two to one so I just got mostly good pitching in defeat with spot starter Brian Johnson good. For five and two thirds innings no runs allowed the bullpen a bit wobbly both heave Embry Matt Barnes got. Tagged for runs, but now the problem last night was the. Offense just one run five hits eight runners left on base still after the game socks skipper. Alexkor sounded like a get glasses half. Full kind of. Guy it was good I mean two. Runs in nine innings. Obviously, this, court late in the game was good The blue single by Grosman put. Us in a hanging bring them, on but. Overall two runs for ninety basis women more than, the ones we're gonna lose Boston will of course get a chance to prove their. Boss right. Tonight game two of the series at seven ten red hot Chris. Sale on the mound for Boston again just after seven o'clock for that opening. Pitch off the field Brandon workman back on the shuttle. To Pawtucket the release down to make room. For Nathan of all de will make his debut for Boston on Sunday elsewhere the Yankees two additions yesterday they picked up a game on the socks after. A, seven two win over. Kansas City they also traded for left handed starter, j, half from, Toronto is an. All-star this season New York did suffer a big loss though slugger, Aaron judge, out for up to three weeks chipped. A bone in his right wrist last night. Other baseball news, cubs acquired. Left handed starter Cole, hamels from Texas he's going to be a free. Agent at the. End of the year day two of training camp today for the. Patriots in Foxborough walk-throughs in practice will, take place this morning Celtics. News Kyrie Irving. Says he'll, easily be back in time. For, training camp as he recovers from left knee Surgery the comments come from team USA workouts out in Las Vegas where he is a member of the roster In golf Robert Garrett goes takes the first. Round lead. At the Canadian Open nine hundred sixty three Kirk Triplett leads the, senior, British, Open in the LPGA it's Tiffany Joe who leads the Scottish Open Chris pharma WBZ sports just say hey Alexa play. WBZ NewsRadio an iheartradio to get local news on WBZ NewsRadio ten thirty WBZ news time seven forty three Check of traffic and weather together on this Friday. Morning the Subaru retailers of women. All wheel drive traffic on the threes how we're looking at. Their Chris fantastic to the. West you're doing very well on the mass turnpike making you way for four ninety five right into one twenty eight from there it's a little bit slow through Newton keep. In mind the lane restrictions on the. Pike over the app project won't happen until later tonight it'll be down to. Two lanes in either direction. For now everything's fine through that stretch also out to the. West four ninety five looking good. As you make your way up by the. Pike up by route two four ninety five northbound a little bit slow just a minor pocket for, your there you clear up north on ninety three, and four ninety, five where they meet they both look good route three is a little bit. Slow by route one twenty nine let's check in now with Kristin Eck up in the Mafa insurance. Copter Chris if you're on ninety three southbound heading into town that. Hangs up before you get to Bedford square slow going from there down toward. The lower. Deck Tobin bridge inbound his backed up on the Chelsea side of, the, bridge, over in east Boston the Ted Williams tunnel westbound is backed up into the airport and the Sumner tunnel is Back to the airport roadway crested Aqaba insurance copter visa easy ride. For you route three getting to the. Split in Braintree net continues that way up the expressway until you. Get to granted it does slow. Down a little bit before granted up to Columbia road southbound. A little bit slow getting. By mass ABC couple of pockets down past the gas tank and then you free up next update is at seven fifty three WBZ's traffic on the threes time to check. The four day AccuWeather forecast with Elliot. Abrams or do they started with areas of fog overall partly sunny warm and. Humid today the high temperature. Eighty seven partly cloudy tonight warm and humid there could be. A shower thunderstorms possible seventy four. Tomorrow humid with times of clouds and sun. China shower thunderstorm spas high eighty three degrees and Sunday mostly sunny less humid high eighty four Monday, mixture of clouds and sunshine high eighty three I'm, AccuWeather meteorologist Elliot, Abrams WBZ NewsRadio ten thirty currently seventy two degrees under partly cloudy skies in. Boston After a decades long search some missing chapters have been found to a noted autobiography Deb has that story just.
"bank rate" Discussed on KMOX News Radio 1120
"Bank rates Greg McBride lot of millennials just have never warned. To the stock market because those memories. Of two, thousand and eight or so fresh and even though the market. Has been in a nine year plus bull market there's still a lot of millennials that are sitting on the sidelines for all Americans. The top investment choice is the. Stock market followed by cash and real estate Pam Coulter CBS news, when it. Comes to brand new homes the government. Says sales plunged more than five. Percent last month and the median sales price also fell I'll.
"bank rate" Discussed on KBNP AM 1410
"So that that concern is out there as is so often been the case in the last couple of years that amazoncom is going to come along and eat everybody's luncheon dinner and everything in between or so it seems you certainly see that in the reaction to kroger's results me being down almost eleven and a half percent near the worst performance in the sp 500 it's it's all about their forecasts for this year coming up short or with analysts that we survey were looking for so you know that that threat is certainly out there let's not forget deal amazon bar whole foods last year to compete more directly with the likes of kroger's so you know you put that altogether in deathly an area that showing up as as a focus in today's trading what about the broad a multinational companies in the year last saturday showing any signs of stress ahead of the three thirty pm eastern signing that were expecting from president trump of the tariffs a steel and aluminum not see seeing a whole lot but let's space it i mean that's been kicking around for a week now and if anything it will be perhaps less of an issue if you build than the idea of exemptions and that than it may not even though you're talk about 25 percent of steel and ten percent aluminum they may not be as all encompassing as it would be otherwise so when you put it all together it's it's pretty muted at this point what was struck by as we did get the central bank rate decision this morning and they did tweak the language subtly to remove some kind of prediction that they would add accommodation should should these circumstances necessitate necessitate that interestingly they nuance they're so perfectly taking a page at have chat to any elon's book that markets are completely not disrupted and actually bond yields in germany have actually declined since then which i think is pretty interesting considering that they basically are paving the way to give more guidance on when they're gonna start cutting back their bond purchases i thought that was pretty interesting we'll sure wound let's face it though the ecb got started later than the federal reserve when it came to rousseau propping up the economy through monetary policy bond by and whatnot and they're they're behind the us yet again in terms of the pulley it away they haven't even gone.
"bank rate" Discussed on WTMJ 620
"Rate dot com and it's showing lower rates than what he local credit unions are telling you now so uh this call here and uh it's you have seen on a bank rate survey a lower rate and you can qualify for that lower rate take it all really okay yeah wh are you buying a new or used car here and what model year you thinking about really now the year but and then i think under sixty thousand miles with cats meowing at this point with most lenders you're going to pay a surcharge to interest rate because you're in a used car instead of a new one which is funny because it's not really going to fall much in value from where you buy it most of the depreciation loss of values already occurred but in the industry when you buy an older car you pay a higher rate than when you buy a brandnew car air and if you want to run the numbers by some of the lenders you saw in bank rate and if you can beat those rates go for it right shopping around and a lot often choose thumbing and like your show so we'll thank you so much and with any used car you buy tvs make sure you have it inspected by a mechanic of your choosing before you're committed divine that vehicle you don't wanna by somebody else's problem rebecca is with us on the cork howard show rebecca welcome an you've got a tough thing going on in your life here thank you won't yes ma'am i don't even know where to start uh my husband and i have just been married we just hit our tenure anniversary and we have three beautiful kids together and both have successful careers and you know a lot of people from the outside looking in things that we have a great situation who they don't know is that we've been dealing for years with cereal cheating on my husband's side are you so much pain in your voice the breaking point cleric in my heart issues devastative last summer it really came down to the wire and i was ready to file for divorce there was at a fair and it was just too much for me to handle and.
"bank rate" Discussed on WTMJ 620
"Chief financial analyst at bank rate dot com they've got a new survey finds majority of americans are not getting salary increases for their groups group su'a orbiting raises a particular lines of work but we found will be real break it down in terms of feel what type of increased did you get uh and then you know who getting those so for example um it'll be talking about 30 percent of p workers got only a pay raise ten percent got a better paying job 8 percent got both a pay raise anna better paint job but what we found is that it tends to skew lower than that uh who is predominantly millennials that were not only more likely to get the pay increase that the reasons for getting pay increases tended to be more performance faith based on promotions increasing job responsibilities in last so the cost of living increase sodden neil not only were older workers less likely to see the pay increase but when they gone it was most likely the cost of living increase which as we all know that the pretty meagre pay increase so broad these the un is their hope for the folks who are not getting raises that they will any time soon given new he has different on those things that are impacting the job market but yeah i mean i think given the tightness of the labour market in the fact that it's getting tighter and tighter i do i keep it beal there's a real premium attached that continue to upgrade their skills uh particularly allergies skills um increase your level of education journal certifications whatever you need to do to differentiate yourself since grade greg mcbride he's financial analyst at.
"bank rate" Discussed on WTMA
"And get an auto and and i'm shopping or it rate and aired by the called credit union here locally but i thought it up at all i called bank rate armed on and showing lower rate than were he local credit union kirk telling ago so uh are you if you have seen on a bank rate survey a lower rate and you can qualify for that lower rate take it oh really okay yeah are you buying a new newer used car you in what model year you thinking about it in uh really mcnair on the air but and pay more and under sixty thousand miles with cats meyer by with most lenders you're going to pay a surcharge to interest rate because you're in a used car instead of a new one which is funny because it's not really going to fall much in value from where you buy it most of the depreciation loss of values already occurred third but in the industry when you buy an older car you pay a higher rate than when you buy a brandnew car here and if you want to run the numbers by some of the lenders you saw in bank rate and if you can beat those rates go for it right shopping around and allow it up and shoot berman and what your show so we'll thank you so much in with any use car you buy please make sure you have it.
"bank rate" Discussed on Millennial Money
"But it it it just depends in that there's no one size fits all with this with life insurance so if you're thinking about permanent life insurance even if you're thinking about term life insurance i really can suggest you know working with a certified financial planner or life insurance expert somebody who knows these products day in day out and can help find the best solution for your own situation again while you're young and healthy term insurance works really well it's cheap and it's going to allow you to have coverage while you're building wealth in other areas it's not going to break your bank rate and i think that's really important to know because you know one time to win you're just getting married or you know your your uh decided to you know be in partnership with someone or you're having kids you know you're trying to balance a lot of different kings financially and sometimes it is just ridiculously overwhelming you know in in you know that you mean to you know take care of some of these risks some of these things that aren't fun money topics but you know when it comes down to it obviously you know the thought of sometimes going out to dinner in the movies or buying life insurance i mean i know which ones going to win i'm not you know i'm with you on that you know it's it's it's not necessarily a fun thing to think about but you know if a small amount of money out of your budget every month can leverage a sum of money that's going to give you peace of mind i kinda think it's worth thinking about i'm not saying it's the right decision for you and i'm not saying it's something you have to absolutely do right now but you know that's that's really what being smart with your money making smart money moves is all about is the least thinking about these things examining them and it may be like this year yeah that's not the right fit but but there may be things happening next year where hey that might be the right fit.
"bank rate" Discussed on Dorm Room Tycoon (DRT)
"But you can't ignore it but then expect them to give you money also often time people often times when people have small markets they can release scope their problems by take their problem one step up and then they hit a bigger market so give you an example like in the for the small business bank rate what happens if those guys instead of saying we want to build a small business bang what happens if they said we want to build a startup to replace small business banking for farmers in illinois well that math may now work but if they can scope out the customer from farmers to all small businesses and they can smoke scope out the geography from eleanor a to america they naveh billion on market times it doesn't necessarily mean you have to change the idea it just means you have to change the scope you have to find more people who have that problem the trying to solve it's i'm i'm glad that you mentioned the i had a hot day mcclellan um a show and he sort of touched on that the founders sort of think to big initially rather than um focusing on a nation uh let's be clear there is a very big big difference between describing your mvp and describing your market and both have a very very specific role describing your mvp and your go to market strategy it's much better to have a small number of people love you than assu large and ripple kind of like you.
"bank rate" Discussed on WTVN
"Is on the live line mark is senior economic analyst at bank rate dot com a jobs report later this morning in it from what i'm reading market looks like a hundred thousand new jobs as kind of the breakpoint if we're above it we feel pretty good right well that's right good morning thanks for having me happy friday jaw i would normally favour but oh we're uh going to see a report this morning about i think in many ways people what just need to disregard k and the and the reason for that is uh capturing what's actually happening in the national economy when we had hurricanes harvey and erma bay schering down on the stormbattered regions that they did uh that's going to be very precarious work so we believe that the underlying trend with the us economy is just fine right now it's not to be dismissive about the real impact on individuals and businesses would communities but this number is probably going to look we if not just range and especially with the hiring number one hundred seventy five thousand jobs added a month on average so far this year wouldn't be shocking if we got well below one hundred thousand eamon row but that doesn't tell us with the economy is grinding to a halt at tells us that trying to capture what's actually happening is not always easy work yeah well i mean you know those storms were devastating a lotta level so of course it would hit the economy as well so were reading to this morning that the feds khanna hinting that may be that uh that last little uptick may come into summer uh well i think what will happen ah it which we've seen this pattern with the likes of hurricane katrina no superstorm sandy uh is that um economic activity win these storms are bearing down and even when uh people are getting ready for them uh is changed and in some cases people hunkered down of a obviously aren't going to the shopping mall they're not going to the movies they're not dieting out a car purchases come to a halt so um then uh activity is.
"bank rate" Discussed on KTRH
"Sherry in memorial how can we help you again i would first question here as you know over there there mandatory evacuation and i don't actually went in the area down several property air inter know every day over their israeli praying bright hair continuing to really water aaron keeping it ordered even know you know for whatever the rate and how long can a property revive over there compare talking through week and i've heard up to a month katrina so how would have property acre by with inc well the fact that it's underwater is actually not gonna condemn it i mean it really if you think about it they go into rivers and stuff and pull up old logs to cut him up and use them for building materials your bigger problem is going to be the moles and things that are going to grow inside the home and that is going to be done on a case by case basis you know it is just gonna depend on what got into the house in started to bloom in there too caused the problem and realistically the worst case scenario is you end up going in tearing all the sheet rock out uh you end up scrubbing all the two by four studs and everything clean and then rebuilding back that way it rally it really should not destroy the framework of the home what about the out guide or structurally i note a apart from people talking about property theme new talk foundation and different things like that electrical at all of that when all of that be karn by them well you know if the'structured gets moved off the foundation it is pretty much toast it's going to have to be probably tore down at that point because there's not a good way to pick it up and said it back on a foundation insecure it is far is the ac's and things like that they're going to be submerged long enough all the electrical components are going to be shot so all close ally end up being replaced the bank rate uh people that are over there could almost no one in that area white insurance it normally does it flood right only with the relief of the water from the amna live at everybody so majority of they don't have insurance and if it get down at where you're going down to bear that you really are in a total rebuild dry that is.
"bank rate" Discussed on KOMO
"The editor's desk among stories we're following obviously the recovery efforts in and around houston and all of south texas a theory system operated by the state is now closed after at least two vessels were damaged during the hurricane or text department of transportation spokesman says all seven boats in the port iran's ah sphere exist more being assessed as just one of the many issues to the folks around that that portion texas are having to deal with president donald trump they're on the ground right now to assess the damage as well when it comes to investments there's no place like home that's what most americans said in a survey of preferred investments bank rate analyst mark hamrick tells abc's daria albinger that may not be the best choice though if you want to build longterm wealth we asked americans for money you won't need for more than ten years what in your opinion is the best way to invest the money and for the third straight year real estate was the top pick and it wasn't a slim margin exactly twenty eight percent of americans gave real estate as the answer after that we had cash coling at a twenty three percent stocks after that and gold and precious metals and finally bonds at the bottom of the list so americans love their real estate i have i think part of it is home sweet home meaning that people associate home that they live in with being an investment lease that's what i hope and i i would imagine part of it has to be that real estate is tangible you can actually see where your money is going well that is true and remain we don't get paper certificates likely dare i say good old days with stock without was an option bought the problem with real estate is longer term and actually does it return as well as a diversified portfolio or one with exposure to the stock market and if you are investing in a home alone no pun intended that is a nail liquid investment meaning you know for the most part you're not going to be able to cash lat in so we're talking about again longterm savings a decade or longer and it's most worry so that the youngest americans prefer cash or real estate at the expense of the stock market and we can think about the fact that will younger wouldbe investors are in the best position.
"bank rate" Discussed on CarStuff
"Let me new simply summer the feminine wash different it's simple seriously that the answer is simple ingredients ingredients that help stop holder and help you maintain a naturally healthy ph gently and effectively here's with simply summers even greedy and think not include harsh chemicals dis alcohol or pair vents eddie comes in light refreshing sense like mandra blossom and coconut water new simply summers eve gentle foaming washing and clinton cloths gentle by nature click the tile to learn more and we are back this is a uh as we said a very special listener male segment because we have a very well thoughtout response to our episode on car title loans which according to you know love the feedback we received from you ladies and gentleman was i open aden in some cases disturbing but definitely controversial yes right now the person that contacted us his name is our fred win shaher and fred i'm gonna redo adverse result because we read his name in the first episode right red quoted fred yet fred was the guy that was in the end the bank rate article and i think we described him as a person was i think we said trying to defend the practice something like that right yeah because whenever we look at a topic like this we do our best to present a all sides of the argument right yeah yeah i mean an infrared you you know he he presented in opposing viewpoint in this article yaohan we did read that we read through you know his comments here.
"bank rate" Discussed on KARN 102.9
"I'm mark hamrick with the bankratecom personal finance minute manpower group is out with its closely followed report on hiring intentions as stated by employers the hiring outlook remains pretty positive for the coming quarter july through september among us employers twenty four percent plan to add staffers seventy percent expect to keep their payroll study and just four percent expect to make reductions across the nation manpower group finds let employers in all of its industry areas expect to add workers among the areas with the strongest hiring plans leisure and hospitality followed by transportation and utilities and wholesale and retail trade what about states with the best hiring outlooks the survey finds that michigan nebraska colorado iowa and rhode island lead the wait as for big cities some of the best might be in areas you wouldn't expect grand rapids michigan at the top of that list followed by charlotte north carolina colorado springs colorado endo moines iowa for more on the job market and the economy out bank rate dot com i'm mark hamrick are online abortion services safe that question was addressed in a recent study of women living in ireland which has very restricted surgical abortion the study found that in over a thousand women who access the online service medical abortion was safe and effective for the overwhelming majority mike klag dean of the johns hopkins bloomberg school of pub like health comments there is of movement to on medical wise abortion that is that there are medications which are on the market in the us and the are on the market around the world which can be used to induce abortion what we're seeing in the us has in some states alabama texas a you'd decrease in the availability abortion for women and we're seeing those techniques used in the us as well it's done it home it doesn't require a trip to what may be a hostile clinic there needs to be the available in the rare cases where there are retained products conception and continued bleeding for medical fall at johns hopkins i'm elizabeth tracy.
"bank rate" Discussed on WSJ What's News
"Greg mcbride joins us he's the chief financial analyst at bank rate dot com greg no surprise heroes so what do you take away from the fed news what's the big headlines coming out of the fed meeting the concern that they voice about inflation um that uh that's not move in the right direction as far as they're concerned in the past few months um it they gave i think a rather upbeat view on the economy considering some of the weakness we've seen of wait i mean you know just in the first paragraph of their statement they use the terminology like uh has been rising has picked up continued to expand uh that's just in the first paragraph am they also removed a reference to slowing economic activity that they had in the previous day but so um i think this could be the last rate hike we get for a while if we don't see a pickup in growth and uh i think a return of inflation uh the moving up rather than the disinflation that we're seeing now where inflation numbers are moving down uh the in inflation in particular the fed highlighted as the one they're gonna be watching going forward there are four more said meetings this year i actually look this up to lie twenty th and twenty six september nineteen than twentieth october thirty i in november i and december twelve th and thirteen yellen holding press conferences after the september and december meetings so how do you see things playing out well right now the odds of a another rate hike by the end of the year are less than 5050 so i think you know the market is saying that this weakness we've seen in consumer spending in economic growth uh and the mit softening of those inflation numbers he put all that together it's going to be difficult for the fed to raise rates with that kind of a backdrop you're going to need does things to turn around and then you look at the fear a couple of things on the calendar just present things from and uncertainty standpoint the debt ceiling has to be raised um you know that's one and then you know we still have the bigger question mark about what if any fiscal stimulus measures get past.
"bank rate" Discussed on KOMO
"Hourly earnings of two and a half percent so once again we keep waiting for that waged train to arrive and we're still at the station holding the umbrella the other troubling thing is that the last two reports were downgraded everyone was ecstatic that the under the president's new policies business is booming jobs are being created this is not a good sign either no and in fact of the day before the report was released the president really committed to folk pause in one because number one he sort of claim credit for the stock market rally since the election and the number two he adjust massively erroneously reported that a million jobs have been created since he took office which it appeared that he lumped together a privately collected report basically including the entire month of january and a man you know so those of us who are trying to look at actual facts a note that uh the outlook now israeli been a diminished really and just twenty four hours time so we have this report and yet the stock market is in positive territory today what's that all about well i think the stock market uh you know mostly has been reacting to corporate earnings and corp earnings have come in butter unexpected and we also take note that the global economy is performing better these days i think that is probably a rising tide which supports the stock market as well we'll the federal reserve take a look at these numbers and positively put off another read increase for awhile what do you think will the federal absolutely be a diving into these numbers i think what the fed might be thinking when it meets less than two weeks from now is that a we know the first quarter of the year was weak the question of a acceleration on the second quarter is now a little more complicated growth probably now coming in closer to two two and a half percent than the three plus percent that people have been thinking for the second quarter of the a year were about halfway through that now and i think the fed raises rates in june a made downgraded the outlook for further rate increases because if the economy is not as robust as before normalization of voluntary policy which includes hiking interest rates the a little more problematic that's mark hamrick senior economic analysts who were bank rate dot.