33 Burst results for "Morningstar"
How Tom Ellis Pulls Off Playing The Two Main Characters On This Season Of Lucifer
"Fans of Netflix Ticha Lucifer have been waiting for the arrival of season five to see exactly what Lucifer Morningstar's evil twin brother Michael is up to it's a fun story line for fans but it creates incredibly challenging job for lead actor Tom Ellis who somehow seamlessly plays both characters and Lucifer show runner ill the motors says Tom deserves all the praise in the World pulling it off. She tells et in the table rates when Tom Master Polite Lucifer and Michael. It's amazing. You're staying with them because he grounds both performances. He plays both characters with very different physical mannerisms and speech patterns. So it's this weird back and forth where he's having this crazy conversation with himself. He's brilliant sees a five of Lucifer it's Netflix tomorrow
"morningstar" Discussed on WCBM 680 AM
"Virgil Morningstar with Casey and Elliott furnace guy had a car dealerships used to be in Roseville for awhile frescos forwards and think of what it was all right now that Biden is the is the front runner this week you know or at least through Wednesday perhaps longer than that everybody is now getting in on the act for example I don't usually watch Saturday Night Live because it's too late for me away from my bed time however well last week we had six democratic candidates and this week it's become like my dad's favorite radio station just feel these it is now the front runner and just picked up an endorsement from Michigan's governor only days before the state's primary and makes sense to Michigan would love bite in because it kinda looks like a hand trying to touch a lady's hair if you take a look at Michigan and the upper peninsula is basically what you're looking at there that's true it does no no so it's fascinating to me is to watch what's happening behind the scenes here as we mentioned last Friday that the bill o'reilly said that was his sources told him Obama was busy on the phones getting people to drop like flies out of this race a look let's look at the timeline Peter judge out of Sunday March first okay allegedly after Obama call at any club which are out the next day Monday March the second allegedly after Obama a phone call super Tuesday is on the third and of course that means of the of the judging call much our votes could go to because I enjoy fighting right then on the next day after super Tuesday many Mike Bloomberg drops out who's indoors Joe Biden the following day was with Warren she suspends her campaign then you'd think she was gonna doors Bernie now she was indoors anyone okay and then this past the Sunday just before the next big race Pamela Harris I had already dropped out comes out in the doors is Joe Biden before the big day in Michigan and five other states tomorrow so again this is the Democrat party doing everything they can to rig the system so that Bernie gets denied the nomination form everything from from top to bottom optically think historically are one of the very first debates when they have the full the full group up there you're a Calaveras going directly after Joe Biden because he is a racist that's what she was saying because he was involved in the school busing thing when he was a county exec of new castle county in Delaware before it became a senator okay so that's the same camel Harris who just give me a high five this past weekend's he's the best guy she's ever met him he's got to be president now so here's the next theory is Joe Biden a place holder is is Joe Biden once he if and god forbid because I think president trump's going to win easily but if god forbid he would get into office with the then invoke the twenty Fifth Amendment remove Joe Biden is a very very very close to who the vice president running mate's going to be yeah I says so he's thinking or could be a full only of our pants suit actually interestingly Amy called Afshar this past weekend she kinda let the cat out of the bag.
How to Land a Better Job
"I might have a few things for you in fact I have three things. I love it when they're number one. Get a raise fall behind. Well so maybe at the end of two thousand nine hundred nine or the beginning of this year you got a raise or maybe you listen to one of our episodes about how to ask for a raise and it worked or maybe you'll listen to today's episode. Get a new job and make more money however it happens. Earning more is always a good thing right right. That's the whole premise. Of Why we're doing this episode. Are you trying to undermine this episode? Well don't blame me. Blame a new report from Morningstar which is entitled more money more problems how to keep a bigger paycheck from spoiling retirement. So here's the problem. So according to their research most people don't increase increased their savings rates after they raise. What are they instead do increased lifestyle? Go out to eat a little bit more by nicer. Cars get a bigger house as report. Put it quote yesterday's indulgences become today's new normal tomorrow's expectations and quote in other words? Lifestyle creep right. The problem is the more you increase the cost of your lifestyle. The more you have to have saved to replace that lifestyle in retirement. Because that's what people WANNA do. They WanNA maintain their lifestyle. Nobody wants to cut back when they retire The report included analysis a hypothetical now so someone who earns one hundred thousand dollars a year eleven percent of their income and his on track to have enough safe retirement but then a huge raise twenty percent. Raise the make a hundred and twenty thousand dollars. Good news right except that they don't so they are saving more. They're gonNA continue saving eleven percent of that salary so they are saving more on absolute dollar terms. But it's not enough to make up for the increase in their lifestyle so that person who was at one hundred thousand dollars on track to retire with enough money. Now what is falling behind so the question is then. How much should you be increasing your savings rate? Every time you get a race. They actually offered three guidelines and analyzed. Which one was best so number one? Spend twice your years to retirement.
The Aldi Haul Episode: January Edition
"All right now? This is the hall but their brother. It'd be their brothers store. Career Joe's has just announced their version of plant based Burger. They're calling them protein patties and the box. It looks pretty much like the beyond Burger packaging like the almost exactly the same just with with their own name on it It comes What has eighteen grams of protein made from a blend of protein sunflower oil beats and seasonings and for the package which which comes with two? It's a four dollars and forty nine cents which I believe is significantly cheaper than beyond so I thought why don't we try them. So I went to trader Joe's to go get them and and I did not come back with them. The stats are crazy. High Two hundred ninety calories a patty and twenty grams of fat. That is very high. Weren't aren't they calling them. Protein patties. It should be called Fatty Pettis. No seriously I have to say like I. I would have tried them so I think we should try them. But I don't understand. Like I am a big proponent of plant based Patties I've been eating the Boca patties and the Morningstar patties forever and I thought they were amazing. Doing what I love the most about the original Boca patties. They were seventy sometimes eighty calories. They tasted a lot like burger. There were very low in fat. All all of these new patties are there just loaded with fat and a lot of them with saturated fats. And I don't quite understand why I think they just trying to add so so much fat and flavor and intern calories. They're just trying to fool people into thinking. This tastes as rich as full. Fat Fatty Fat. Now they call them like the bleeding patties. Is there supposed to be like juicy like real burgers. How many calories are in our normal hamburger probably around the same as a lot of these impossible burgers depending on how thick the Patty is? But they're pretty thin. Kim I mean if you go to a restaurant with a big thick burger your pet. He's going to have a lot more but these are not gigantic patty so I would say typically I. I'd be shocked if there was more than three hundred calories and twenty grams of fat in a thin Burger. I honestly think less because think about it even regular ground beef. What to fifty to sixty four ounce portion Kevin probably yeah? I don't know it's upsetting but we'll try. You've ruined everything. Mike Saving the day by not making your try it and now you want it thank you. You're very thoughtful and I know that if there was peanut butter involved in some way we'd be eating those patties right. I found out that it's not today that this podcast airing today that we're recording it. National Peanut Butter Day. What wow law? I hope we get to celebrate Pyotr. You can have more all right. We're GONNA jump into the Aldy Hall. We love all the all. The is a sister store to trader. Joe's I don't know if you have an all near you. I feel like it's even more inexpensive offensive than trader. Joe's there are some fun cool things. What are some of those dickey things? I don't get to go to all these as much as So everything that they have. That's it's their own brand. Looks like the real stuff. So like frosted flakes looks like frost. The other version looks like frosted flakes are. I'm trying to think of some of the healthiest like their their protein. Eighteen bars mirrors and what about checkout again. There's something crazy right so checkout you you have to bag your own groceries. Jamie thought it was kind of funny. Aw I thought it was weird. Because she's putting everything into our cart and I'm thinking if I just open a bag and put it in the car. She's doing the same amount of work. Oh she won't put it in the now we have to take Out of a cheese but she picked up each item and put it in our card so I just wanted to be like. Here's a bag of weight. And so so wait. She won't let you just take it has to. I put it in the car and then you have to go to. Mike said No. You have to go to the bagging station and I think it's efficiency because there are things that go through that line really fast. So I think it's an efficiency thing was inefficient. Whatever it is? They're able to sell things very inexpensively. Mike actually has received today so he may rattle off just how inexpensive some of these finds are truth be told I had nothing to do with picking these products out. They were brought to me. I am being surprised with all all of them sometimes and fake it. I'm sorry like a lot of more new but some of the things we have to talk about this so we did a good job. I hope you did
Fiat Chrysler and Peugeot agree to merge in giant auto deal
"Chrysler and Peugeot makers among them dodge ram jeep and Alfa Romeo's well as Peugeot situation an Opel have announced the final terms of their merger. A company were fifty billion in dollars. The number four carmaker buy cars sold in the world which is big. But let's get back to that making money thing shall we the automaking business right now. Now is expensive. You gotTA figure out electric self-driving for starters but car sales are lukewarm and more people are sharing cars. Every day so profits fits marketplace's Mitchell Hartman gets going. Consumer demand for autos is soft from North America to Europe to China. They're global trade tensions since and says Garrett Nelson CF RA research. Automakers are really looking for a way to increase their scale to share the enormous cost associated. Did it with electric and autonomous vehicle. Carmakers now have to make massive investments in research and development and engineers says Carla Baillaud at the Center for Automotive Research to produce for both the current and future market an internal combustion engine many times hybrid and now many any customers are demanding a pure electric. Then there's the vehicle of the future is brain. The software says Ned Hill at the Ohio Manufacturing Institute. A two and that's the autonomous driving systems. There's no vehicle brand the wants to give all that money to Google or apple and in the future. A lot of people may not even buy cars Carla. Bela says the whole industry is moving toward usership rather than ownership with fleets of electric an in autonomous vehicles shared. Or least I think nobody knows right now. Really if they're gonNA be profitable with these new business models we certainly haven't seen many of the Guarda be profitable yet. There is one potential bright spot with this shift to to non fossil fuel combustion engines and non human driver's says David did wisden at Morningstar. I do think there's potential for better margins at least for the firms that survive in the New Paradigm on electric vehicle has a lot fewer parts arch meaning the cost of materials and labor. Should eventually go down leaving more money in the pockets of
Gap Stock Slumps on CEO Exit
"Gap stock was swam to following the announcement that C. E. O. art pack is resigning after four years in the corner suite the San Francisco based retailer also provided bad news on third quarter earnings and cut its full year outlook reporting falling same store sales in the third quarter for its flagship chain banana Republic and Old Navy Wall Street analysts think gap will likely drop its plan to spin off Old Navy into a separate publicly traded firm with an ever core I. S. I. client notes saying it thinks it would be extremely difficult to pull off and a Morningstar analyst note saying the spin off should be scrapped has it makes little sense until its sales stabilize gap stock fell over seven percent on the news overall a positive day for the stock market which meant new record highs for all three main averages the Dow gained six points to twenty seven thousand six hundred eighty one the nasdaq rose forty points to eighty four seventy five the S. and P. advanced seven points to thirty
The Frozen Meals Haul
"Today's episode is the frozen meals hall frozen you know what that means everything came from the freezer aisle we're cooking right I mean we're not gonna eat it as a as a popsicle that would be funny you know when I was a kid I used to make these frozen weavers chicken dramas and I would have no patience because you couldn't like thought in the microwave you couldn't there were no cheats I would just put him in the toaster oven if it was supposed to be twenty five minutes I format after fourteen and just eat them all frozen or they they were fully cooked I though yeah okay so they were cold icicle chicken legs I was an animal do that with things that I if I do it for says like two and a half minutes all at two fifteen I can't wait the extra fifteen seconds I'll take it out so it has a little ice in the middle bears hopefully today these finds will not right half that all right so what what do you got here today Michael Okay this is a strange one on you can now take an AC bath the lemonade and Blue Raspberry and cherry the ice by they now have bath bombs oh you make bath and you put the bomb in there and you can soak in lemonade cherry or blue raspberry yeah don't drink it though because that's probably ooh who would want to turn your honor was drinkable soup in Blue Raspberry so they've been spotted dollar general stores but you can also get online at a site called Holler dot com and we can link to that on the how lar- alario would you take I e Senator Beth I mean I probably was so obsessed with icees when I was a kid but I was angry at them too because they were the drinks unlike slurpy by the way isis tastes better but I like the Cherry and the about them as when you put the straw in you cannot move the straw the icy stops working it does not function in the Cup if the straws moved so I just remember being a kid if somebody grabbed it or you bumped into your would be ruined it's terrible terrible so slurpy I wonder what came first slurpee or the icy the icy maybe it'll be chew to or false question in an upcoming episode and now I'm confused too because like AC so seven eleven is the slurpee right so where did ice get sold I just felt like carnival Oh yeah that's right you'll have the movie theaters like my niece Lauren who the Vegan was like can you take me to the local theater for dinner so I could get a giant tub of buttered popcorn an icy so I did that moved in that so I wanted to be a good and anyway so today we have frozen meal finds that came from various and sundry supermarkets and other places and and I'm so excited to try them as a lot of and they look great in a lot of plant based stuff not because were vegetarian just because there's a lot of stuff out there but we're going to start with some breakfast fines right we have rooster and Lark skillets and they come in three flavors rocky mountain Greek and South West thirty to forty calories I'm assuming without the eggs so these are the kind of yeah they're just add things so you throw these into skillet you cook them then you add eggs I love this trend it's like dumbing down and omelette wonder if this would work in an egg Mug I bet might get wonderful get watery we could try it all right so let's try them I don't know where they're available but Jamie he's going to tell you so these by the way have one smart point of serving you can find them at high vis a whole foods shop right and more you can even order them online and we're GONNA be starting with the southwest skillet so it's avocado butternut squash onion bell pepper you remember how the frozen avocado debacle let's see what the it's watery or gross in any way I will not enjoy it I'm GONNA put it in Iraq in Rome I'm the thing is like I this doesn't seem like a ton of egg to me it's like Africa okay you would do I would add more egg to this but there's no rule I would add because I egg great taste fresh he's like a diner scramble mikey could not be making more notice is the new lally we now so this is South West yes how's it taste is it well seasoned it's wall season it's it's okay I'm not a lot of good my Egbo with like laughing how it's kind of bland ends a little salt but everything needs a little salt so Ireland's tributary yeah we're gonNA plow through the breath this one is rocky mountain. What does that mean hockey mountain so this is chopped sweet potato onion and bell pedal sweet potato Kale on all right here you go we're GonNa try got a fair warning because I know you don't like some of these it's got Rosemary thyme Regen Oh boy so much rosemary I always say she's such a jerk yeah you hate those married Rosemary tastes like Maximus cream if anyone agrees with me they should write in text you because it tastes like like nausea skin cream I don't know it's too much rosemary I've never thought about rock nausea I could see that I guess my dad used to put it on his face like lewd long vacation when he got a sunburn he would put it on his face and like watch him and then I would play with my hands and times I ate it so I would know what it tastes like I didn't eat it on purpose but I would accidentally taste it and it tasted like Rosemary also when you face gets in your nose and so you kinda get that whole thing in your nostril grotesque anyway that's not that's not my favorite flavor well this one is the Greeks Gila look shop mushroom Cherry Tomatoes Spinach Fettucini he's right I'm hoping Mike fetter fetter is better right we're going to try new that's good thank you that was good Oh did anyone get that off the frozen avocado in the first one I didn't I saw it and I voted it the best you go how many calories in the week one thirty it's weird because everybody's out a little bit of butter in there but there's probably not right data the fat yes definitely the this one's forty yeah nice it's got the cheese I would eat though I like the Greek one all right again those are rooster skillets we will link to a store locator yes and I'm so glad that we tried all three member we were debating combat third one is definitely the recommend Asian show okay moving on we are moving onto some trader Joe's products trader Joe's we have trader joes mildly sweet and spicy beef and Broccoli mildly sweet and spicy is it mildly sweet and mildly spicy? No that's a good question and it comes in a big bag yep big green bay Ugh so it's multiple serving K.. This is one that's one serving Yeh Cup with the sauce doesn't large how many cowry shells so this is two thirty pretty small portion for that to thirty eight grams of fat nine grams of protein and nine smart points oh well you know what it looks like the is the beef breaded it looks breaded Broccoli's not supposed to be ready to leave British beef that is unnecessary that's not true delicious I'd say it's very sweet eight and almost very spicy most really grown it's delicious is it worth it I would load it up with more Broccoli leave and then maybe it would be worth it look a giant bowl for what two hundred thirty two thirty yeah that's what time I go to the dentist there's plenty of sauce Yup exactly so you had more edge and you're good okay that's a trader Joe's and you can find it a truth now we have trader Ming's should Taki mushroom chicken so this is real chicken for one cop it's a hundred and eighty calories eight grams of fat twenty grams of protein and it's good this one has got you're talking mushrooms at Amami Green beans and ginger soy sauce okay so these choice of white meat chicken this is not breaded I see little pieces of Eta Mommy and green beans it's all there and this is also a big multi serving bag how many servings in the back I think it is just I love talking mushrooms do I do I love I love restrooms think this is anything special the chickens a little robbery in a way that I don't expect from trader Joe's either outlier I love it because I love Chautauqua Mushrooms rubbery chicken I do it's like my favorite thing rubber chicken reheated as such a hit and Miss drink and this one is only four smart points by the way okay good well you might like it and if you add more veg again you can get a nice big bulky it's good as like a fallback uh-huh keep that in your freezer and if you have some fresh vegetables you can just throw it in I feel like that's the biggest hungry girl take away when it comes to frozen meals is always have in addition into those frozen meals a bag of frozen veg yeah and keep Mixim I do I get Broccoli slaw and I keep Broccoli slaw in my fridge at all times and I just use it as much as possible for those of you don't know what Broccoli Slaw is I get it in the produce section and it's Broccoli stems that have been shredded carrots and Purple Cabbage Yummy uh-huh okay we're moving onto meatless this is sands meat I up morningstar farms popcorn chicken chicken so it's fake chicken plant based chicken twelve pieces two hundred calories eight grams of fat grams of fiber so it's so must be fried they they are they're cute you you need twelve of them when Aaron saw these errands ago when she saw this she flipped she like we got goes directly she was dancing in the hallways dancing on the highway it tastes like a stuffing ball so these a half a point each I like that you get
The Impossible Burger Is Coming to a Shop Near You
"We have some plant-based news to start what we do. We do it's happening. The impossible burger is making its way to a store near you. Yes that's true. It's going to be in the stores so here's the deal at debuted in southern California last weekend at Elson around. It's like our took a higher end store. I guess but then it's GonNa be in all other stores after that and then it's going to debut on the East Coast Post in just a few days and then as the year goes on it will gradually be released throughout the rest of the country and they're sold in twelve ounce packages for eight ninety nine and we have a package right here at least is holding. I'm squeezing it so this is impossible burger made from plants and by the way everything here today is we're calling plant based but it's it's all things that are will fit in with a Vegan Diet we're not saying every single thing we're trying as only made out of plants so hopefully you guys will forgive her for that but no animal mall no animal byproducts exactly no animals were harmed if I didn't no you're holding a package of the impossible murder packed the meat ground beef it. Does it look easy as my mom would say chop meet. Jamie was like what are you. What's chummy? It's such a New York thing but it does it really looks like ground beef the thing about impossible the impossible burger her and you know a lot of these substitutes. They're high in fat. Your high in calories like sometimes higher in saturated fat than regular beef especially extra extra lean ground beef. It's so strange it is. I don't know what what if my eyes weren't so bad. I'd be able to tell you the tagline off flavor. No Cow so one third of this twelve ounce package is two hundred forty calories fourteen grams of fat and eight of that saturated so it's not even like that's a terrible. We'll stop at like what's in it if it's plan paced like where's all the fat coming from like you. Can you tell okay so the ingredients yep. The ingredients are soy protein concentrate coconut oil sunflower oil natural flavors potato protein. It looks to me like it's the oils so a lot of oils. That's what's GonNa make it taste rich like. Is this the one that bleeds or is it the other one. There's there's what's the other on call them on C. on exactly beyond meat. I like all of them like they all taste good to me but I've been eating like fake soy meat for a million years I thought was the originator Morningstar farms. I love all that stuff. Through this stuff. I guess is more popular because they're like okay. Infuse it with fat make it tastes rich and and people will embrace it which they have and like now the thing that's all the rage is the impossible walker which we are going to be taste testing. You excited. I'm very excited excited. I told you I had my first dodger dog the other day so this is like a big
"morningstar" Discussed on Capital Ideas Investing Podcast
"You look to the portion of your fixed income portfolio, and you're grateful that, that helped provide some balance in the balance that you need in that fourth folio, the bond fund of America is now the largest active fund in the MorningStar intermediate co bond category. Many of the largest funds in that category are passive. Is that a good thing or a bad thing that were in the company of so many pacifists? And many of the large active fixed income funds on the Core, Plus category. Well for us and for clients. It's a very good thing. And when you look at our results relative to passive, they're very strong. So it's an important note for advisors and clients that core does not equal passive and passive has a hard time replicating the benchmark in fixed income. It's very different than equities. So being the largest active manager in a category that has a lot of passive for capital group. We thinks an excellent thing and also for bond fund of America fundholders. We think that's a win win. Why are so many of the active funds in the cool plaster? Why have they focused on delivering the higher return with the risk profile? So what happened over the last decade since the financial crisis is a lot of these funds in this intermediate category were more core to begin with. And when we got two zero interest rate environment, they started to move out on the risk spectrum. So over the last decade, you've seen an increasing use of high yield for a lot of core strategies, effectively, making them Core, Plus strategies and they've been rewarded for doing that. So that's continued at more of a rapid pace in the last. Three to five years. So that category split now tells you the core. Plus category is more than likely going to have a lot higher high yield than you probably need in your core portion of your fixing comport folio. It's a meaningful split of the category. And it's because so many funds in that category were reaching for yield over the last decade. Unload, what would you add to that MorningStar did is a reflection of being mindful of the risks that are embedded in a balanced portfolio? But it's also reflection of where the market is already been moving investors voted with their money that they want a conservative option to protect their wealth and diversify their portfolio money has been moving from the Core, Plus category to the core category for several years. And as they've been doing this, you can see that it's really been part of the movement, from active to passive investors have been saying they want to conservative option that will help balance the Rhys in their portfolio and. Tech their wealth as Mike said there aren't many active options in the course base the reason is because it's actually difficult to have an active product that will satisfy all four roles of fixed income. What I what I would add to that is, there are many reasons why passive does not equal the benchmark. And again, when we say, does not equal it doesn't just simply lose by the explicit fee. It loses by more, there's an over the counter market, that we trade in the bond market, or fixed income, and that creates greater volatility of the underlying security. There's ten thousand securities that are in the Barclays aggregate index. Some don't trade on a given day and there's also turnover of that index every single year. So heightened turnover less volatility the ability to replicate, the benchmark means that passive loses to that benchmark by more than Justice explicit fee, the bond from America's is the largest act fund in the MorningStar intermediate Corban category. And this is a big advantage for us, because when we're looking at the other funds in the space, a majority of them are passive products and will, we know is that in fixed income in particular. Later, be index is something that's designed to be beaten the fixed income indices are not like equity, indices equity indices are market value indices, where the companies that have the greatest prospects and the greatest potential have the greatest market value and they become bigger and bigger in the index. So it becomes harder and harder to beat the index as time goes on, and the fixed income side. It's different it's an issuance based index and what that means is that as companies start levering up their balance sheet issuing debt to lever up they become bigger and bigger in the index..
Airbnb and Marriott Each Want What the Other Has
"Is a little bit of point counterpoint in the hospitality industry to report on today. First of all Airbnb says it's thinking about getting into more formal hoteling it's going to take commercial properties and rent them out at the same time. The Wall Street Journal reports that Marriott is going to start its own Airbnb like thing for renting out vacation homes, cozy atmosphere neighborhood vibe without the sometimes dodgy wildfire clogged sink when confined in an Airbnb. Marketplace's Megan McCurdy Krino has more on what am I take for Marianne to compete in the home sharing market that is so disrupting its business Marianne it's been pointing out in a recent commercial that there are a lot of ways to spend the night with them. Homeboy for Tony. There's Ritz-Carlton for hip. There's w for family friendly, they're Springfield sweets, and for a plain old hotel room there Sheraton thirty hotel brands, endless experiences. Adding home rentals tha that ecosystem makes a lot of sense says Howard Adler, a professor of hotel management at Purdue University really benefits them because they're expanding their their network already. Adler says home rentals could allow travelers to stay under Marriott roof for every trip. They take for business or pleasure and get loyalty points. But there's a catch much of Maryanto. Tell business is independently owned MorningStar analyst, Dan wa- select says home sharing may cannibalize some of that business. There is some, you know, risk vats alienating the traditional hotel franchisees that are joining the Maryanne brand renting out private houses. Even high end ones. Also, poses risks homes and hotels are built with different safety standards. Aroon soon Dhiraj on a professor of business at NYU says that's one example of why it's going to be difficult for Marriott in another hotel chains to compete head on with Airbnb. I think Airbnb has made depot. Inroads into the hotel business than any of the hotel chains will into the home shedding business. Andy says Mary interest in the market makes the home sharing business. Look more attractive as Airbnb prepares for its IPO later this year.
Tesla's Elon Musk may be in contempt over tweet
"Well, some more drama at tesla today with the SEC facing a new round of fines on or punishments for allegedly. No, this is actually from the SEC on tesla, which is facing the fines or punishments for allegedly violating Elon Musk's agreement about what he does on social media shares. However didn't fall much on the news less than half a percent. Here are the views of David Westin. An analyst at MorningStar if you're cracked down too hard on them. He might just say I'm out of here. And you don't want that. It's a very tricky balancing act, and you've got a lot of friends family and very strong cheerleaders now on the board and people like Larry Ellison. They're not going to tell the on what to do they believe any long long-term, even so not so good to have your CEO facing, a contempt action from the
Once Impossible, Engineered Burgers Catch On
"Business wars daily is brought to you by papal when it comes to growing your business. You need a partner you can trust for today and tomorrow and pay pal processes over ten million payments per day. That's experience you can rely on. Visit pay pal dot com slash growth to set up a free business account today. From wondering, I'm David Brown. And this is business wars daily. Happy Monday, everyone if you're like me, you may be feeling like you indulge just a little too much over the holiday weekend. And that it's time to return to some healthy eating, maybe even give up meat. That's true. You're hardly alone. Consumers have been snapping up new kind of plant based burger that not only tastes like ground beef. It looks and bleeds like it. It hasn't been available everywhere. But that's about to change in the process, creating what could be a well bloody rough war between rivals backed by some of the biggest names in Silicon Valley. So far impossible foods are Redwood City California start up as made it's impossible burger available only in restaurants from fat burger to white castle. But next year it's coming to grocery stores. The company announced this month that'll put impossible foods head to head with beyond meat who's plant based burger was the first to be sold. And supermarkets not next to the veggie burgers. But in the meat section ten days after impossible foods announced it supermarket intentions rival beyond meat said, it's planning to go public with the one hundred million dollars at hopes to raise a company will expand into restaurants. So what are these things exactly they're not veggie, burgers, like Boca, burgers, and MorningStar farms patties, which have been on shelves for years, rather, they're engineered from plant proteins and intended to look smell and sizzle just like meet the products, which in beyond case also include fo-, sausage, and chicken strips are designed to tempt omnivores not just vegetarians founders of both companies see their missions is feeding a world with nine billion people without harming animals or worsening climate change impossible food CEO Pat Brown molecular biologist has an even greater ambition. He wants to end the use of all animals in food production by twenty thirty five. The broader mission has captured the attention of social investors like Bill Gates who's invested in both companies on a more prosaic level. These burgers might just help with those early December diets that is before the Christmas Turkey and ham Tempus all over again. From wondering this business worse daily? Hey while you grabbing a quick snack. Take a second. Give us a five star rating on apple podcast, Google podcasts. Stitcher or your favorite listening? Apogee? Thanks. I'm David Brown. Be back with you tomorrow. Business wars daily is brought to you by pay pal when Zeke was a kid spending summers on his grandfather's farm. He knew he wanted to be part of bringing wholesome food to people. He started his artisanal Honey company be raw by creating a network of dozens of beekeepers across the country. When he got his Honey into high in national stores, he thought he'd made it, but when he saw his margins decreasing due to distributor fees and seasonal production. Made it difficult to meet retail demands Lee decided to take his products primarily online from the get-go. He featured pay pow prominently on his site because he knew it gave his customers confidence that he was a legitimate business with quality products over the past five years. Pay palace helped him convert more clicks into sales and expand his business. He's grown every year and added new items like t candles and beauty products. So when you're ready to grow your online business pay pal can help you turn shoppers into buyers. Visit pay pal dot com slash growth to set up a business account. You can sign up for free today. That's pay pal dot com slash growth.
CNN's Jim Acosta has White House press badge revoked
"The White House has suspended the right house pass of CNN's Jim Acosta, accusing him of harming an intern who was trying to grab his microwave during a contentious exchange with President Trump accuster responded on. CNN but didn't put my hands on her or touch her as they're alleging. And it's just unfortunate that the the White House is saying this, you know, we all try to be professionals over there. And I think I handled myself professionally in a statement CNN said White House spokeswoman, Sarah Sanders. Right. They said the White House revoked a Costa's press pass in retaliation for his challenging questions during the conference. Jury selection has wrapped up in the New York trial of Mexican drug Lord, Joaquin El Chapo Guzman. The jury of seven women and five men are to hear opening statements next Tuesday, the notoriety of the case has prompted extra security measures that include keeping all of the jurors anonymous. You're listening to USA radio news. Hi, I'm Wayne Allyn root, the conservative warrior my show. Wore now airs every day right here on USA radio from six to nine PM eastern. I'm also the star of the Wayne Allyn root show on Newsmax TV reaching over fifty million homes, but my favorite roles speaker extraordinaire, I was opening speaker at many. Donald Trump for president events, I speak at Republican conservative in college GOP events. And I'm available to be the star your next event. Contact me arranged for a Wayne root keynote speech. Call toll free eight eight eight four four four route. That's eight eight eight. I live alone and rarely have visitors. So when I slipped and fell in the kitchen last month and couldn't get to a phone. I knew I was in trouble. I could barely move. I tried calling for help. But no one could hear me as I lay there. I couldn't help. But think of my kids and grandkids having to go on without me. I was terrified it took eight hours from my neighbor to find me it could have been the end of me. That's when I knew I needed life alert one press this button. I'm connected to the life alert center where I can get the help I need even when I cannot reach a phone with life alert. I'm never alone. Go one eight hundred four one four one thousand nine hundred fifty eight for your free life alert brochure. That's one eight hundred four one four nine thousand nine hundred fifty eight one eight hundred four one four nineteen fifty eight call for your free life alert brochure today at one eight hundred four one four thousand nine hundred fifty eight. This is the Ray Lucia show. The best for the answers here. The one show that helps you make better money moves the program all about your money, your business and your life. Really? Than even. Call right now at eight four four ratio. Four. Why Joe w? This is the Ray Lucia show. Thank you very much. Thank you. Welcome to the one talk show in America. Helps you make better money. Moves Brad have you on board for this hour. Money power. Boy, the headline stocks set Bal another ten percent before finding a bottom. According to the piper Jaffray technician. Stocks due for a recession and a tumble CNBC's are cash. Stating that every decade since the eighteen fifties in the US has had a recession. We haven't had one yet. So it's gonna happen. My advice, you do not obsess over fear of recessions. Wayne, why also last hour I was discussing the seven-year asset class return forecasts by none other than GMO. Jeremy Grantham, the G in GMO also wanna talk about the market what's happening with the market right now because you know, we went from record highs. Everybody's now concerned that we're in the midst of a bear market, which is true, by the way for a lot of the SNP stocks down twenty percent from their high. But I'll get a chance to talk about that. But I wanna start today with the piper Jaffray prognostication. Just over a month ago, the standard and Poor's five hundred. Was setting record highs. According to leave now more than seventy percent of the indexes components isn't a correction or worse. With some high profile names like Twitter, Caterpillar, Ford and AMD deep in bear market territory. So what are you going to do about it? I mean this. This is really amazing to me because people will come out and say, yes, we're the stocks could fall another ten percent. But they sure as h won't tell you when because they don't know. And so what if they do? Another ten percent. When when you're up four hundred percents since the bottom back in March of two thousand and nine what the heck's ten percent. And will we recover along? We'll take for us to recover from another ten percent fall six months a year. I don't know. I do know this that obsessing about recessions, and so forth is not a good thing. You can go a long time without a recession. But art Cashin very highly respected person on Wall Street says that every decade since eighteen fifty we've had one. And since the great recession ended in two thousand nine. Obviously means we haven't had one this decade. But in reality. You can go a lot of years without having a recession. Australia hasn't had one since one thousand nine hundred ninety one according to Ben Carlson. Who's a researcher? And does this kind of research? Could we not? The entering into a period of time where we're not gonna have a recession. I find it highly unlikely to be honest with you in the near term. I don't know anything about the long-term. But I look at the economic numbers right now. An absent some squirrelly stuff with trades and so forth. That you have to hope that the president figures out a way to worm his way out of the pickle. He's gotten him with China now with Russia nuclear treaty and all that stuff. But but so far this dude is figured out. How to do that stuff? He's got the strangest way to negotiate, but it's it's pretty darn effective. So assuming he does and a lot of these companies that are freaking out like, Caterpillar and so forth. Because of tariffs with China at cetera et cetera. That too shall pass. No one ever said making money in the stock market was easy. No one ever said that it was easy. And it's not. But over a long time period you look at the charts. I mean, I'm not charter, it's okay. I hate looking at charts. I think it's a waste of time to look at charts unless you're looking at one like the past thirty or forty years and just put your finger at where it started thirty or forty years ago and put your finger where the other finger from the other hand, I should say where it is today. And you will see a nice line that goes from the bottom left to the top, right? That's what the stock market has done, historically. In between times. There have been some pretty wicked selloffs. I mean, pretty darn wicked selloffs we've had some pretty wicked ones over the last several years as a matter of fact. Since the market bottomed in early two thousand and nine. There have been corrections of minus sixteen percent minus nineteen point four percent. Minus twelve point four percent minus thirteen point three percent. And mine is ten point two percent. That's in the standard and Poor's five hundred and I can assure you every single time. The pundits came out of the woodwork said. Yep. It's over now. Harry dent probably said, Yep. This is the precursor to Dau three thousand. Which he has actually said in the past that the Dow was going to crash the three thousand and instead of crashing to three thousand it's stored the twenty five thousand. I mean. He's a smart guy. No question about it. He's from Harvard, and he's not the only one by the way. I saw Ron Paul the other day on some TV commercial, and he's expecting a whole world to go to heck and a Handbasket and many many many others. But let me repeat since two thousand nine we've seen the market, correct? By sixteen percent. Nineteen percent. Twelve percent thirteen percent and ten percent. So when I read about piper Jaffray prognostication that we're gonna fall another ten. Oh cares. Who cares? If you were smart enough to get out, and then doubly smart to know when to get back in then perhaps you would care, but I don't. All right, shifting gears to the market as I said, Jeremy Grantham produces his seven-year asset class real return forecasts and as of September thirty two thousand eighteen. Here's what he had to say. Now when I say real return that means after inflation. After inflation. US large-cap stocks after inflation. Minus five point two percent per year. For the next seven years. That doesn't look good. Now, I have to also tell you that Mr. Grantham has also been wrong small-cap, stocks, minus two. High quality stocks minus five. Large companies international minus point five small international companies, minus point four emerging markets. Plus three point two percent. So after inflation. Three point two percent. Which means a nominal return about five and a half percent. That's the best. You can do. According to grant them bonds. Don't look any better. US bonds flat for the next seven years. International bonds down minus one point eight emerging market bonds up two point two percent. Cash up one percent. So check this out the emerging markets have how do I say this? Really been sucking fair and wind lately. He had according to Grantham. That's where you should put your money. I'm not suggesting that you do. I am suggesting that your ten to fifteen percent or whatever you've allocated to the emerging markets stock and bond markets, you hang onto even though the emerging market stocks have been. But I'm also suggesting these stay the course with your plan when we come back. We'll talk more about the market where it's been and where it is year to date where it might be going and some ways to build wealth outside of the stock market. Jeremy Grantham is correct around. 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But emerging markets are the only ones. That actually are above water three point two percent. And on the bond side. It looks equally as dismal. International bonds down minus one point eight percent. Emerging market debt up two point two percent. So it's just not looking all that hot. I'm gonna talk about some alternatives here in just a moment. But I thought that I would refresh everyone's memory on where we are year to date. In terms of the market performance. And this could change. Any moment because Marcus have been pretty volatile lately, haven't they? The Dow's up three point seven two percent. The NASDAQ is up seven point seven four percent. The Russell small cap index is flat point three eight percent. And the standard and Poor's five hundred is up four point zero nine percent. Now, if you've got an adviser, and they're charging fees. You're going to have to subtract that that's just from the index itself. Now bonds have been in the tank this year. And I wanna talk about this a little bit later, hopefully an opportunity to do that. But core US bonds are down minus two point four one percent. Long core bonds minus six point four four percent year to date. People buy bonds because they're supposed to be safe. But in a rising interest rate environment and can be nasty corporate bonds. Minus three point three two percent long corporate bonds. Minus six point five five percent. Government bonds, the safest of all. Minus two point two one percent. Intermediate minus one point five eight percent. Long minus six point three five percent. Make alone that the government this year. A long term loan twenty thirty years. You lost six percent mortgage. Bonds minus one point seven seven tips treasury inflation protected securities, minus two point six percent. Knowing that really looks okay and the bond world high yields are up one point six percent. And T-Bills cash basically one point four one percent. So where do you go to build wealth in a market like this? Well, number one is you do not. Bail on your stock market portfolio. But as I have mentioned for years and years and years looking at alternatives to the stock market can make some sense. And alternatives to the bond market as well. Alternatives to the bond market. Could be other forms of debt private debt and so forth. And you gotta look hard for this stuff. You need a very very good financial adviser. You don't have to look quite as hard in the insurance world because insurance companies compete favorably with bonds with certain annuities. We talked yesterday about multi-year, guaranteed annuity contracts. They compete with CDs virtually no risk if you hold until the end and you'll get a better rate of return from most companies, then you'll get from treasuries. Fixed annuities index to new itys variable annuities with guaranteed minimum withdrawal benefits, locking in some kind of a guaranteed income stream in the event the whole world collapses. Those are great ways for you to diversify away from the stock market, but still have the benefits of the stock market. If things do well if they don't do. Well, you're still okay because you locked in a guaranteed income stream for the rest of your life, which will probably translate into a bond like asset, and depending on how long you live. It could be a dog on good bond. But more importantly, it gives you the ability to wait out the storm in the stock market. So what are some of these fresh alternatives to the stock market? Well, we've talked about rental properties and vacation homes. A lot on this show. And there was a company now I forget their name. It'll come to me that evaluated. A lot of these different strategies in terms of how much orders yield street. How much it costs and how hard is it to do? So rental properties, the drop in home ownership rates is obviously led to a rental, boom. But you've got to be very very careful here because some markets you could lose your shorts in. So here's what they said about rental property and vacation homes. The setup is hard. It is got to do your homework time commitment is high. Money required, medium, twenty to one hundred thousand bucks, and the research is on you. Then they went to commercial property. You got to put a lot of money into this money required. Two hundred and fifty thousand time commitment medium setup again hard. Franchises like a subway or Dunkin donuts and all that you can earn ten percent. But it's very very difficult to make that work for you, unless you're the person behind the counter, and even then you're not going to get rich. Now, if you own twenty six Dunkin donuts or Jack in the boxes, you can make a fortune if they all work, but they're not all going to work perfectly. But your time commitment is high. The setup is hard the money required. Big fifty grand for the little Mickey Mouse franchises. And even Dan if you hired a manager you still got to watch over them. If you put fifty grand down, and he made ten percent five thousand bucks a year. I don't know if it's worth the risk. There's peer to peer lending this actually pretty easy to do. Go online, and you can get pretty decent rates of return. Anyway. Some alternatives at least to the stock market. I wouldn't get too crazy here big allocating some of your money to alternatives wise move. My preference is to find a fund that does these types of alternatives for you be willing to pay a fee, and let them do all the hard work. So you can sit back and go to Dunkin donuts. Have a Cup of coffee in about eighteen hundred calories. We'll be back. 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You just have to understand them and understand the role that they play in your portfolio. I mean in an ideal world. You'd figure out how much money you want to spend from your portfolio each year and ladder out some reasonably safe bonds and every year when the bond matures. You'd have the money go spend it and everything's cool. But as we discussed the other day. Most small investors get hosed when they do that. Because of the bid ask spreads and so forth. And you never really know what you're getting until you got it. So hence the bond fund over the years has come to fruition. And for the most part, they're pretty efficient way to buy bonds. In particular, if you're reinvesting all of the dividends, and you have them there for some form of safety. It's not what I would recommend you do with one hundred percent of your fixed income portfolio. But the question I get more than any other one on bonds is why do bond funds lose money. When interest rates are going up. I'm buying them for safety of principle. Well, we haven't had the deal with that much over the past decade or so because interest rates really past thirty years or so because interest rates had been on the decline. So bonds didn't really lose. But so far this year. They're hitting the skids, pretty hard. Pretty hard. Two six percent, depending on what you own. So as I've mentioned many times before there's an inverse relationship between interest rates and bond prices. So as interest rates, go up the value goes down. Let me give you an obtuse example to make the point. Let's say you went to the Bank. And the Bank was paying five percent interest on a CD. So the bond that you went out and searched for at least earn the same five percent or the person go to the Bank. So let's say you decide to put a grand thousand bucks in a bond that pays five percent. So now, you're getting the same interest from the bond as you're getting in the Bank. Now, what would happen to your bond? If the Bank happened to raise interest rates from five percent to say ten percent. You already bought the bond. So you're sitting there earning five percent. But you know, you can walk across the street and get ten percent. In a CD. So if you wanted to sell the bond. Paid five percent you'd have to reduce your price. Because anybody that would buy that bond from you would obviously prefer to go to the Bank and get ten percent rather than paying you par value for the bond and earn five. So the bond that you originally bought for a thousand dollars that pays you fifty bucks a year in interest. Would have to be reduced in price to five hundred dollars. Because a ten percent interest rate on five hundred bucks produces a fifty dollar per year interest payment. So therefore, you would have to reduce the value of your bond by fifty percent. That's what happens in the bond market. Now interest rate Dongo from five to ten percent. But I think you get the point. Now the Federal Reserve. Held interest rates at near zero for almost eight years. So we have not experienced this kind of dilemma with bonds and bond funds in the recent past and with interest rates rising bonds tend to look more attractive from a yield standpoint. But if they continue to rise, the total return may not be nearly as attractive. We've talked about alternatives. Many many times before. One alternative is to hire a bond manager that can go anywhere. Remember, I said before that high yields we're actually up so far this year not much but nonetheless up long bonds were down substantially. And most financial planners. Not me. Recommend allocating forty percent bonds. I didn't do it. When I was practicing and interest rates are on the decline and bonds were great performers. Because I always knew that at some point interest rates would change and people wouldn't understand why the safety portion of their portfolio was losing money. That is not to say, I wouldn't have some money allocated demands are just wouldn't do almost fifty percent of the portfolio. Especially when I can find alternatives like fixed annuities and fixed indexed annuities that produce returns that are very similar if not better. Especially when the stock market's doing well, but I wouldn't abandon them. But some people think well, wait a minute. Maybe my bond fund manager is asleep at the switch here. So maybe they are. But the problem with some bond fund managers is. What they're hired to do is by let's say government bonds. It's the government bond fund. So they can't switch to high yield. Because that's not doesn't have the same risk profile. So many times even if the manager frankly wants to go to cash or do something else. They don't want to let let the cat out of the bag here. They're in the business of managing money Abban managers in the business of managing money. Just like a stock managers in the business of managing money. And they don't want to not buy government bonds if their strategy is to buy government bonds, even when they perhaps think the buying government bonds not so hot. So rather than by a single purpose bond fund. You can buy a bond fund where you trust that the money manager will try to go to the right place to find the right bonds. I'm not suggesting they'll do better or worse. I'm just suggesting that they have more flexibility. I mentioned other alternatives fixed index the newest he's why are interest rates going up interest rates are going up because there's a fear of inflation not necessarily inflation. But a fear of inflation. And the unemployment rate is going down and wages are going up. And that bodes well for stocks. It does bode well for stocks. So if you have interest in a quote bond like an annuity, and the interest was calculated based on how well the standard and Poor's five hundred or some other stock index did. And there was no possibility of a loss. Why wouldn't you take some of the bond portfolio and put it there? I don't know it makes sense to me. Hi, did it to the tune of millions and millions of dollars for clients back in the day. And they never got angry because they never lost money. Now, they didn't make much either. There are making fourteen percent. When interest rates went down two hundred basis points on their bond fund, but they didn't lose six percent on a long year long bond year to date, and if you looked at the performance over a five six seven years, and in fact, there's academic studies on all this stuff. You'd find that their performance has been very competitive with bonds, and in some instances even competitive with stocks, although I would never ever buy. It has a stock market alternative. But if you want something that's safe, then has an underlying guarantees. You can also slip in one of those guaranteed income benefits. If you prefer that. And they're priced earn three to five percents. Don't let anybody give you any Gulf about eight nine percent. That's bogus information. They're price earned three to five percent. Just like bonds only, they have no downside risk. And bonds today with interest rates going up, certainly do have downside risks. Don't eliminate all the bonds because of interest rates come down. You'll do very well in a bond fund. A rising interest rate environment. Not so much emails next right here in the. He like business content. I mean, if he did like business, you wouldn't be listening to this show. Right. What if I can give you even more of what you like we've never met. But I'm willing to bet you are very busy between your work, family and outside. This little car ride is your time to catch up on your favorite show. But you always get to tune in. Exactly. Now, there's a business club with you in mind. This is the place for business videos on demand. We have partnered with this show to provide you more of the content. You like the best part? It's all on demand. That means you log it anytime from any device and watched shows the answer all of your business questions. For a limited time, you can try it for free for thirty days. Simply go the biz dot com, promo code radio, VOD dot com, promo code radio. It may have been a messy divorce that suddenly cut your income in half. But not your bills. It might have been an injury or illness or your boss, just cutting back your hours. It doesn't really matter. How you got in over your head? It only matters that you are and that we're here to help. If you've got over ten thousand dollars in credit card debt, and you can't ever see breaking free call action debt and do it now being in over your head is a vicious cycle one day late. They charge you a leap. Miss a payment w rate. You just don't think of fair and neither do we. 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It didn't get to everything. I wanted to get to today, but I do get to a couple of emails here. We'll start with Allen. Alan. Says right loved the show. I'm self employed. It looks like I'll have about fifty K leftover this year. How can I say some taxes? I take eight K per month out as income, pardon me. Well, self-employed probably means you are unincorporated. I might be thinking about a corporation. Probably not for this year. All though depends on how much money you're gonna earn between now and the end of the year. Because what you may be able to do. Is incorporate? As of mid November or something like that. And then not take any income out of the company until after the first of the year that way any money that you would earn the balance of this year, the corporation would earn and not you wouldn't show up on your tax return until next year. And you'd be able to do something. That could shelter that money between now and then. So really? That that tactic. It's probably something you'd wanna do for sure. Next year. This year and talk to your advisers. It may or may not work. Now, if you are self employed, and you have kids under the age of eighteen I've talked about this before. But we now and the end of the year is Christmas break there's thanksgiving. There's a lot of time those kids could work for you. You can
"morningstar" Discussed on The Tom Leykis Show
"App. The Tom leykis show. Thank every tuning in. Thanks for being part of our program. We appreciate it. Money Monday at nine one three thousand Tom. I don't want three thousand Tom. That's the number here. Nine zero one three thousand. Hey. Thank you so much being part of the program. We appreciate it. And let's continue with your phone calls here. See? That's me her in Phoenix on Monday Monday. Hello. How are you? Do you? Thank you so much. Hey, I just wanted to start by mentioning that your stock tips have paid for the subscription older over. So thank you. Of course. Thank you. I just want to let people know out there all the people out there that are not paying guys. It's the price of a fucking lunch. You can afford it. It's a lunch doesn't take a lot to to subscribe. So please stop being a cheap and donate. Give back to demand that gave back to you. Thank you so much. Absolutely, tom. I have a question about the stock purchase. If I may. Yeah. Call flexi on and the call sign is up L X and want to get your thoughts on. Don't know it offhand tell me what they do. Okay. So they they do the injections area biotech company that does the injections. Now. There are a lot of companies out there that do in. They're buying Bill. So basically, the physician office purchases it, and then they prescribed it to the patient, and then they Bill the insurance companies, but their product has a different indication to it that none of the other products out there have they were ranked I know is one of the top places to work for in the nation, by the way. Just a word to the wise. That's no benefit to the investor. Gotcha. Okay. For example. I I make a note of avoiding investing in places that women say are good for breastfeeding their kids or taking time off that may be great for them. But as the investor that does me no good whatsoever. I don't care about that. Good to know. Thank you. Shit that advice I'm here to help. Yeah. They're they're. So that's pro the basically the product is is just a knee injection. And I don't know where they are the cost curve of it. I've, you know, I read the information about the product and everything and the stuck seems to go up and down. I don't know if it's gonna blow up this stock since may has been on the downswing, and okay, you should know other things about it pays. No, evidently, right and morning star says it's fully valued. So according to Morningstar's own metrics. They don't seem to think it has much room for growth at this time. And I could change course. Sure. But right now. The stock is listed at eighteen dollars and fourteen cents doing the show law. They they say the fair value of the stock is eighteen dollars and ninety two cents. So okay that doesn't leave a lot of room for growth. Gotcha. Okay. Pretty much answers my questions. I gotta put some thought into what I want to do with that. But thank you. I appreciate that. My second question was is when you I know you are listening to your show, you talk about you read a lot you do a lot of research and before you buy a stock. Do you do all that research through MorningStar, or you know, kind of like Yahoo MorningStar barons? The Wall Street Journal, which are published by the same company. Right. I I am also. In my Google news feed. I see articles from things like Bloomberg BusinessWeek on festers business daily other financial publications. I keep up on. I also have the ticker symbol of stocks. I own and stocks, I'm interested in in my Google newsfeed. Stories come up about those companies. They pop up on my phone, and I can read them quickly. Also, I subscribe, I'll give the name of the newsletter because they don't advertise. So they're not giving them any freebies. Monty. There is a newsletter. I subscribed to that is for value stocks, and I've made a lot of money investing in stocks. They recommend. Okay. So it looks like here I got a little bit of rape reading ahead of me because I do look at Yahoo. Bloomberg and a couple of those but probably should increase by knowledge by looking in those other sources, I can tell you that when I stopped doing the live show every day. My plan is to change my hours because the market on the west coast open to six thirty AM weekdays, and I plan to be up at six to make a.
What are the 10 things successful retirees do?
"Is the rain Lucia show. Get that excited me. The raylucia program bringing you the best in money information. That's exactly what I have planned for this hour. Money power as I talk strategy with you. Also, one of the ten things successful retirees do John wash who's been on this program before four. A good writer. No doubt wrote about that. He doesn't look old enough to be retired. So I don't know where he's getting his info, maybe reading books and stuff. But it does have some interesting ideas here on retirement, and since I am an expert when it comes to trying to retire. But can't. I should be able to have some commentary to go with that. Robert C Lawton rights fiduciary investment advisers may add more than six percent in value nine talked about the Russell study. And all that the four percent four percent is kind of the number. You get that from Russell you get it from from vanguard. Good best practices advisor gross of fees about four percent and Etta vs. It's worth three percent per year. That's been proven out MorningStar did a report as well. And without behavioral coaching. It was still about one and a half percent whip behavioral coaching. It's about three percents. Morningstar study was even more interesting in my mind because it generated twenty five thirty percent. More income in retirement, that's really important. Anyway, I don't know about this six percent number may get a chance to talk about that conversions for the older, folks. If you're over seventy and a half, should you consider doing Roth conversions Mr. Ed slot wrote about that I'll have my own comments. But I start today with strategy and a mistake that a lot of retirees especially those that are a little bit wealthier and charitably inclined are making Larry light from Forbes actually did an interview with a felon. The name of Rick keilor's from the Keillor financial group in rapid city, South Dakota, where you're listening to this program right now, I believe I do appreciate that. Kayla. Brought out some interesting points when he talked about the mistakes big mistakes. I think that those that make charitable contributions each year are missing, and that's the cue CD. Remember when you're over age, seventy and a half. You're able to send money directly to your charity from the IRA a lot of people say, well, that's not that big of a deal. Can be a big deal. Remember when you're seventy and a half, you have a required. Minimum distribution a required. Minimum distribution must be taken every single year based on the account balance as of twelve thirty one from the prior year, and that's the account balance of all of your IRA's set by are as simple IRA's, traditional IRA's, non-deductible IRA's, rollover, IRA's all of them, Adam altogether. What's the balanced? The end of twelve thirty one seventeen. And if you're seventy and a half this year, you've gotta take approximately four percent of whatever that number is and pay tax on it. Now, if your age sixty five or older. Under the new law. You get thirteen thousand three hundred dollars of itemized deductions if you're married that's twenty six thousand six hundred dollars. So by donating out of your IRA, you can reduce that required. Minimum distribution by an amount equal to your charitable gift. Think about that for a minute. You must take and our MD that's a requirement required. Minimum distribution. So have you take your required minimum distribution? And then on Sunday donate a bunch of money to your church. You got a double whammy on that had to pay tax on the required minimum distribution. And you may not get a deduction.
Elon Musk says he wants to take Tesla private at over $70 billion
"Tesla CEO Elon Musk's at the internet and stock market players of flurry. Yesterday after he took to Twitter to say, he might turn tesla from publicly traded company into a private one Tesla's stock soared because to do this tesla would have to make an offer. Shareholders could not refuse. The stock ended up eleven percent. Is this vaporware or is this a real plan? If it happened, tesla would be the largest company ever to go from public to private musk claims. He's lined up the huge amount of money. This would take marketplace's jed Kim has more Elon Musk can't seem to stop making headlines these days. David Wisden follows tesla for MorningStar. He's tired of getting called almost all my interactions with hustler actually not with clients. There was members of the media. Yeah, still, he says, tesla going private would be a big deal for the company and for investors who would have a choice. To make you would have the opportunity to not sell, or you could sell a four hundred twenty dollars a share. If they stay shareholders would become external investors with the option to sell twice a year. It's a structure that exists at another musk company SpaceX. What does he Lon musk stand to gain by going private. Carl brower is with Kelley blue book in his mind. He would have full control and he could think long-term, no, more quarterly earnings reports, no more shortsellers. Let's focus on immediate profits. Nobody would be able to really say anything about it. If you're a private company must holds a twenty percent stake in the company. So he'd still have a lot of private investors to answer to, but it'd be, you know, private
Amazon, Mcdonald and Bloomberg discussed on Jon Marks and Ike Reese
"Hundred the bloomberg wbz wbz 'em chicago index is up about a tenth of a percent morningstar shares leading gains there now investors were not impressed with the earnings reports they've been waiting to see from big banks j p morgan chase wells fargo and citibank's all three are losing ground bank shares are falling not because according to one strategists they're doing poorly but because investors were expecting fireworks and didn't get them the nasdaq just barely crawled into positive territory networking shares are dragging the average after some reports that amazon might be ready to muscle in on that sector next mcdonald's shares are lower by less than one percent about a quarter percent now as it deals with an outbreak of foodborne illness the cyclospora parasite apparently for mcdonalds salads made.
John Mayer's video for 'New Light' is so bad, it's good
"We'd love to hear from you hear some of the stuff that you had to say four hundred eight john mayer said no one could agree on the budget for the video what's that song called new like a new light right no one could agree on the budget for the video so they got a guy that does miss was videos do this mike god hello i don't know how true that is but that's what he says well it looks like that it's great it's just so funny it's totally lo tak he's green screened on all these weird scenes and he's just resting self though oh there was no budget for clothing right because that is what terrible outfit he's going for that though warda the are he just you know what it is it's a good idea you know you're an artist you put on the dumb headband your sweat shirt and your sweat pants and you just kind of slum it and then if you actually dress up for some people like wow you know you just have on jeans and a tshirt people like well he really put an outfit together for this you know just aim low he's john merica do whatever the halley walk right i like that new song to i think it's it's cute but the video is is it's very charming take a new light come to the butcher son in berkeley it will change your mind about the taste of vegan foods shame i'd try that i would like my mind changed from vegan food seems healthier i guess like i said i love vegetarian food but you know when you start taking butter and milk and eggs out of the equation it starts to get sketchy and i don't part of it is i don't want to eat fake meat i make me some veggie stuff then i don't wanna eat some of those acting like meat chicken what's the point i i thought we were morningstar patty is pretty good those aren't photo chicken chicken well they have ones that aren't but they're they do a chicks one.
"morningstar" Discussed on WHO NewsRadio 1040 AM
"You out there and if you own other investments besides that fidelity target date fund you are really running a huge risk of getting totally screwed in two different ways so run do not walk to investingsensecom type zip set a time to meet with local adviser because we need to build a portfolio for you that could be cheaper less risky and more personalized than what you have right now with these fidelity funds i've got to be honest i'm still just blown away by the loss in the freedom twenty twenty fund that's two years away from retirement it so is this the first time that fidelity has has made changes like this now it's not the first time so go back to the cnbc article okay they sam reading from it it's not the first time fidelity has been criticized for strategy changes that unsettled investors and analysts so morningstar looked at it and they looked at fidelity's changes in in their allocation of stocks between nineteen ninety six and two thousand ten and in morningstar's words they described the changes as quote shocking quote seemingly chaotic right and this isn't a twenty two thousand eleven morningstar report on the target date fund industry so you have to realize that you know there's some people out there that it's not clear what fidelity is doing or why they're doing it so there is but go back to that twenty twentyfive there is no way that that fund should be dropping as much as it did back in early february you got people two years out of retirement and really one of the biggest risks that an investor faces in that time is a big market drop right before retirement coming up on the show we're going to keep working to help you find lowcost investments with a low risk level that's actually aligned with your own personal needs and goals and comfort level.
"morningstar" Discussed on WIBC 93.1FM
"You out there and if you own other invest besides that fidelity target date fund you are really running a huge risk of getting totally screwed in two different ways so run do not walk to investingsensecom type zip set a time to meet with local adviser because we need to build a portfolio for you that could be cheaper less risky and more personalized than what you have right now with these funds i've got to be honest i'm still just blown away by the loss and the freedom twenty twenty fund i mean that's two years away from retirement so is this the first time that fidelity has has made changes like this now it's not the first time to go back to the cnbc article they sam reading from it it's not the first time fidelity has been criticized for strategy changes that unsettled investors and analysts so morningstar looked at it and they looked at fidelity's changes in in their allocation of stocks between nineteen ninety six and two thousand ten and in morningstar's words they described the changes as quote shocking quote seemingly chaotic right and this is an twenty two thousand eleven morningstar report on the target date fund industry so you have to realize that you know there's some people out there that it's not clear what fidelity is doing or why they're doing it so there is but go back to that twenty twenty there is no way that that fund should be dropping as much as it did back in early february you got people two years out of retirement and really one of the biggest risks that an investor faces in that time is a big market drop right before retirement coming up on the show we're going to keep working to help you find lowcost invest that's with a low risk level that's actually aligned with.
NYC helicopter company had 3 crashes in 11 years
"The new york senator says a helicopter company in sunday's crash should not be flying correspondent warm levinson reports new york senator chuck schumer says the operating certificate of liberty helicopter the company that owned the chopper in sunday's fatal crash should have its operating certificate suspended while the incident is investigated no one knows what's happened i don't think liberty should be flying until we get to the bottom of this schumer noted the companies had three crashes in the last ten years five passengers died when the sightseeing helicopter crashed into the east river capsized and sank fire department rescuers say the victims were strapped into their seats in a way that they couldn't free themselves warren levinson new york we mal investigators in austin texas believe a package bomb that killed a teenager and wounded a woman in austin is linked to a similar bombing that killed demand elsewhere in the city this month investigators say they're considering with i'm bruce veil with your money now president trump's tariffs on imports of steel and aluminum could push car prices higher by a few hundred dollars analysts said morningstar predict the price of a car will rise one percent overall due to the tariffs based on its conversations with ford and general motors car prices have been steadily increasing in recent years has buyers flocked to more expensive and more tech savvy pickups and suvs any further price increases could be tougher customers to swallow potentially hurting.
"morningstar" Discussed on WFLA News Radio
"Again is there all buying all the portfolio managers they're buying the same thing so the average investor is left with no true diversification but plenty of duplication and they wonder when the market comes down forty percent why they're coming down forty forty five percent while because again you not only owning the market your owning the market times two or three you're owning way too much of the same stuff and if that's not bad enough you've got companies like morningstar now morningstar is a company that will analyse portfolios for advisors and foreign investors but but they don't tell you how serious of a problem this is you see morningstar has something that they call stock intersection in stock intersection is showing you how much duplication you have in your portfolio but here's the problem meghan they cut the report off they they show you fifty companies where you have duplication so people look at this and they say okay so i guess i own fifty stocks multiple times and the answer is no morningstar is only showing you fifty stocks that you own multiple times you take a an average client who has maybe twelve thousand different holdings in their portfolio and they're going to say to me well wait a minute morningstar showing me only fifty stocks that are duplicated but you're tony i've got twelve thousand stocks could i have more duplication is the problem much bigger than i actually thought in the answer is yes absolutely so take the time and get a detailed analysis we will die set your portfolio and show you what you truly have and show you how to get rid of all of the duplication and how.
"morningstar" Discussed on WCTC
"In a in in investments that aren't aren't working to your best advantage now how can you know whether or not this is the case well one of the first things we always recommend speech would somebody comes in visits us is to go ahead and get that menu or go on the website imprint out what the investment options are if they're in the form of mutual funds which most of them aren't right because it's a good way to diversify they're not gonna necessarily give you individual stocks that you can invest in nor did they want to be in a position of recommending stocks if their mutual funds then you can go onto morningstar and you can type in the uh symbols and then go get information about that now you may not be qualified to evaluate the performance of this you know i often use my motherinlaw as an example of what not to do with investing because she typically chased the funds that did the best in terms of their performance it would be consistently moving her money around and wondered why she didn't have anything extra one who took that over we were able to produce a better result but it's not because we were constantly moving money to better options and in fact we set up a great portfolio for her and then we just let it be i just let it be so in this case you know you may not be in a position to cut of evaluate specifically what of the performance of these funds are but you can evaluate what the expense ratio is in that's a really import a number to be paying attention to because you want you all things being equal pay the lower cost fun for uh for your investment in a as between the two of them there's another story another client that i came across and you we were advising of money that they had that we could help them invest put money that they had to keep with their employer and so we needed to give them a recommendation about what to invest in in the options that.
"morningstar" Discussed on WIND 560 AM
"Couple analysis for him on his portfolio casts for the big one is we have an institutional version of morningstar was really cool lattices she can take every account you have every position you have in your portfolio you poonal into morningstar in morningstar creates a three page report for us that allows us to talk intelligent way about how much risk you having your portfolio what's your portfolio's costing you what type of growth in income potential they are there so we ran the morningstar report trade him and it came back and we're sitting down together looking at it and there's two big things came out of this morningstar report one is the next two thousand eight to we go through they're gonna lose the scalpel they're gonna lose forty two forty five percent of their portfolio while wow and when i said that the color kinda one out of their faces because they just didn't think there were anything like that but what morningstar simply does it takes your portfolio on today and it runs it through two thousand eight says well if we were back in two thousand eight and you only exactly which you own right now this is what would have happened and just to be clear here bill it's not you it's it's a it's a third party saying hey if something happens here with what you currently have this is what's gonna happen it's not bill geiger saying well that's why we use told my because it's an independent thirdparty source that you know it's it's not me saying this although i could see it looking at their portfolio been donors for a long time but we use morning star is an institution and and that's what they're saying so we found out the head way way way too much risk for where they were at and wife and the other thing was as they had really didn't have any source in their portfolio of dependable sustainable and com for their retirement so and pay their bills so the the unspoken strategy it was their adviser wonder to grow their money as fast as he could make a big as pilots he curtain than expected the a couple to kind of pick at it and cross our fingers and hope that it.
"morningstar" Discussed on BizTalk Radio
"That high well i mean full jon bon arena and i was surprised to see the diverse far that risk priority darn well out of that then that's what you wanna do bind different companies dry ground difference resist specially yes and that's something we do advocate and the book talks about that he tells you to them in the book hasn't say parole in red you know by one company 100 thousands with one companies bonds because at slow that too risky brought ronnie insane side in my opinion i suggest that show the strong force method works as the guy who basically beat the sp over the one five ten and fifteen eighteen year returns he beat the sp original paid with his bond portfolio remember he wasn't buying stocks it was buying on the right road beat the snp consistently beat the sb were every single period more statiscal task is another chapter how to invest in junk bonds logistics covenants of a bond what they mean what they are which of to the rules the ball on the good the bad and the ugly of the chapters they talked about with his book i'm reading the book presently it's very very well written and it's very easy to fall it is not complexes not jargon if you're in bonds are high highyield bonds you the political and it this book will send you a copy of it for free molson your rate cheat on our highyield bonds the based the full with the books dez bestow followed the book recommends looking at certain vegetable ons a screen the very carefully settled that have got morningstar morningstar covers all the bonds that are issued the corporate bonds rishard untraded publicly in the us and helped me did his research look at the coverage and the financial companies to see if there's not enough to pay off these bonds and some of these companies tasty are actually going to pay them off at cashflow which is amazing 'cause you're talking to three hundred million dollars to writing the fokker the.
"morningstar" Discussed on The Meb Faber Show
"Hey it's funny because it's pretty here with with no downside you know i thought i guess we running the morningstar report thinking there was something wrong and then i remembered your tweet yeah like it's funny but it's it's i don't know i i've seen a lot of research that says the bull market can still go she oughta research such as a kid and ice come back to where i start like i don't really care i feel there everything from using the permanent portfolio and then taking on the fringe ideas and you know i bought a bill my wrist and whether it's another bull market or another fair market i have my processing i'm quite happy with it and by the way primitive portfolio for listeners this is the decadesold investment approached its originally it go a quarter each stocks bonds bills and gold d do any sort of more modern interpretation of that through is is stock looks like a global equities bonds sherry waited or like how how do you think about a modern framework or of of permanent so i absolutely stick to their twenty fires inquiry waiting cash commodities equities and fixed income were bonds more on the longer duration trade so to me that's that is the a portfolio everything else is playing with it or toward basically attempting to get the rich perry from the permanent portfolio the place where we look to add value is through security selection and it's not so much about going fringe it's about solving for the object so the object to for the equity portion is to achieve growth so i do focus us but i look for things that can add value there above and beyond chef though winning the total market maybe it's a a kilted index or a conscious index or something along those lines of one that is the most interesting to me is that.
"morningstar" Discussed on BizTalk Radio
"Financial advisor someone that can do more for using just boil rice not all financial advisers are as i said these transactional sales people for example an academic study that sought to examine the differences and outcomes for clients working with comprehensive planners and those working with transactional salespeople founded decidedly in favour of the comprehensive planner in other words you're returns are better you're risks are lower and you make better moves because sometimes it's better not to move at all when you have somebody there i know you don't need someone on hold your hand i get that but everybody needs a coach of sorts even great golfers like tiger woods had great coaches a morningstar study also looked at uh this advisor alpha if you will came to a consistent conclusion rather than attempting however the mess the measure the influence of actual financial advisers the morning star study aimed to quantify the potential value provided by better financial decision making something that they call gamma we've talked about this study before it's titled alpha beta now gamma as i recall and vanguard did a study also calling advisor alpha if you will but what what the morningstar study concluded was the equivalent of good adviser can add the.
"morningstar" Discussed on BizTalk Radio
"Buy sixer to be six or less or whatever and morningstar spitzer right out former wait till you don't get the financial reports of all these companies ansett they're reading them all day long as a form of that's what i have to help ask not what i do yes i prefer to the computer do a lot of my work forming but it makes it much faster variety as it you know because the morning of resist thousands and thousands of bonn's tasty and it would take me a day or two revolvers financial report or hide and even find the bonds in in the reports and find the debt servicing all that stuff but morningstar has so many ratios on the companies they keep track of so many financial ratios i can find just about any ratio on even a book price to book from the things like that are in there and on bonds i was shocked when not the bhandari in there because i don't even know morningstar tracked bonds but i was surprised when i opened amongst our is all bonds all bonds in the us publiclytraded bonds in the us in their nose like this is greatest gold mine uh and i started screen highyield bonds and in its it's really a wealth of information because the credit rating doesn't tell you everything about a come writer it opt under very misleading yes and so this company that has referred to his willingness company could be rabe with another company whose earnings and profits earned in steady decrease in they could still be rid the same is forced credit rating companies go there to entirely different in a situation the right as i said they're not the same situated nine same boat by any means but the karine agencies might have militias in this happens law i'm there's a crack drug infants companies the jump on her either on their way down so to speak but there's also companies on the way up derived in.
"morningstar" Discussed on WJR 760
"Please take advantage of what did dean is often seen it means fundamental tea who whose entering into retirement did you have a good understanding as day interview recently for morningstar and in it he made this statement and i absolutely love he goes required minimum distribution is the government we're sick and tired of which are you to drop dead we want our money back and so therefore here's the deal you got the tax deduction you got the tax deferral now it's time to pay the tax right and as we hear about you know that it should put a drag but let me put it this because we are a financial planning practice because we understand debt social security taxes and required minimum bution are such as chart of the entire retirement plan it is absolutely necessary that you understand the rules that are fitted with it when we create spreadsheets and we look at how income is being distributed let's say from aid 62 just to pull a day job and we look all the way to you and a half day when as ed said the government entire to web for you they want some taxes and hits at that time frame is very very easily throw you into a higher tax bracket and you would maintain that higher tax bracket for the.
"morningstar" Discussed on KTLK 1130 AM
"A controversial story last week about morningstar the company that rates mutual funds using a five star system that's where a one star rating is the worst at a fivestar rating has the best yes this may sound odd this whole story was kind of a nothing berger for all of us are already in the industry and here's why just because you're good once doesn't mean that you're good forever sorry decks he's midnight runners sorry iron butterfly just because it was great wads doesn't mean it but you get the idea right so here's the issue covered by the wall street journal they evaluated thousands of funds going back to two thousand three and among the funds that received that their coveted five star rating only tall percent of those guys performed well enough over the following five years to keep that top rating will consumers including investors demand efficient inconvenient solutions and the rating system that morningstar uses if they're trying to boil down and investment to a five star rating system i can only imagine that there are inherent flaws to this approach especially when it comes to fund selection there are inherent flaws i mean this this is the system man and these flaws could totally get in the way of you experiencing consistent investment returns of course morningstar shot back they stated that it star system is back word looking they said that the star system is quote not intended to predict future performance star added that its star system is a quote first stage screen that helps identify lower cost lower risk funds with good longterm performance yeah i mean this we know the height on so on on a pecan morningstar our but their reply did sorta supports the wall street journal's claims i dunno i mean i'll give him the benefit of the doubt by but look you've got a know that these star rating systems or of deliberately irs system you gotta look at these systems more as tools in the toolbox at financial engines we have
"morningstar" Discussed on BizTalk Radio
"Management do it yourself save the cost and here's what the class had to say hey ha ha ha yet lake it is just bowl show vick here's here's what i've learned in researching this all right now the minute you think you know everything in this world somebody about eight years old comes in slaps yup sided ad and ugo cheese why didn't i know that so wants take this load fun thanks on doing my research for the show today and and i say this headline does your target dates series have fantastic underlying funds and then a nice little graphic and so i clicked on it i'm going to get ads all over the place now from every financial person in the world is i clicked on something financial right and here is what i learn thirteen of the underlying funds by by the way morningstar this is morningstar data this isn't coming from me they looked at more than eight thousand eight thousand mutual funds they found forty three that met there fantastic funds list 43 of those forty three fantastic funds in their target date fund a series how many of them were from vanguard the largest noload fund the company the margin of largest fun governing period zero again it's not to say that vanguard doesn't have good funds at a not my point at all i love vanguard they're fantastic i'm just telling you i'm given you the facts because the kids told me so they said it was bowl how many from fidelity i think there the second largest everybody knows fidelity for crying out loud zero how many from another noload company t rowe price i think they're number three two out.
"morningstar" Discussed on KPNW 1120AM Newsradio
"Morningstar newsradio levin twenty eight dollars every morning i come to work i look forward to here for every morning because i never know how you're going to have seen listeners chan i'm not even one is even know really what holloway in look i come through i was going to be there i hope you are news radio w answers sir jio i had a stack of mainstream news articles here where the left is celebrating the shooting of congressman steve scalise who was the numbers her republican in the house good friend of trump and the guy that was really pushing hard for america and the restoration of our republic and the word is for my sources and it's also in the news is that this was coordinated this was a plan they use the wind up toy basic leftist bernie sanders mental patient communist to do this and i mean just this we can and also the comments what their guns with their fingers on the triggers threatening everybody i mean they are getting ready to make their move just like our next guest matt bracken former navy seal while terrorism expert and of course bestselling author to me breaking down but tab shot congress representatives steve's police was actively seeking to stop pedophilia he had come out said human trafficking as easy as ordering a pizza that's cudmore does leading us now he knows it's over ten thousand arrests the data files several thousand that had kids in cages hundreds nla 100meter hundreds of san francisco as a any major city hundreds you've got the poll play pin thing with a hundred fifty thousand pedophile others a civil war inside the fbi because the fbi has actually trying to do something about it this is how they control people this is a deep state operation so we now have to leash and we learn leaks she goes coming out saying we're going after the pedal files then this happens here's the club what of america's greatest.
"morningstar" Discussed on Motley Fool Answers
"And robots for a lot of that work can be more efficient and lower costs for companies and so comfy islamic financial decisions based on return on investment and i think that a lot of that work like you describe bro i especially at physical labor anything that might be a data collection and processing stuff like that could be more efficiently done by robots which frees people up to do other things to are some of the tasks that we saw that really are the least susceptible to having robots disrupt is managing others or having expertise in certain fields so just like we've seen things over time i mean we saw that the plow replaced a lot of physical farming hours the internet replace librarian hours and now we're kind of in the in there next coming years me we're gonna see selfdriving cars replace lot of taxi driver hours i societies the whole these are these are pretty big gains at a letting us do other things with that time but it is replacing jobs that are shifting to other things down i think that's the way that i frame at least right that's the towns right so can these people who are doing these jobs go find other jobs and you know one of the reports that i read from morningstar plan out that first of all this is something we all heard that the wage of the middle income household or worker hasn't really grown in part of that is because the classic middle income worker for a lot of the last century was the factory worker was someone who is doing what is jobs that has now since been replaced by robots and while some of these jobs will be eliminated people will find out of jobs will they be able to make the same amount of income or will there be so many jobs of lower basically the income inequality will be even greater.