19 Burst results for "Terry Savage"

"terry savage" Discussed on WGN Radio

WGN Radio

04:12 min | 6 months ago

"terry savage" Discussed on WGN Radio

"Your website Terry savage dot com She is the author of a couple of national bestselling books and we might as well check the wit and wisdom of Terry savage in her writings Does the savage truth on money for openers offer any help here for people trying to combat inflation Well sure because I never forgot about inflation So that's one of the basic things I want to give you a fact though Jim when we went to break we were talking about jobs And I thought somebody out there was going to say that's not right So I look during the break As of January 1st now and we're now four months into this or good three and a half months into this year But as of January 1st the economy was still 4.4 million jobs short and 2.7 million workers short of what the pre-pandemic projections were that's adjusted for changes in the population growth In other words when you see all these labor gains and the fact that we have very low unemployment we are still short of jobs and short of workers Our economy is growing dramatically But we have a crunch for labor right now And if we have a recession again we lost 22 million jobs in the first quarter through April anyway of 2020 We forget our memories are short the pain memories short But we lost 22 million jobs as the economy shut down during the pandemic Were you asking me what could they have done What would you have done three or four years ago I remember thinking this is not a good thing to be creating all this money But there are people suffering greatly We had you know middle income family lined up for bags of food That's just it's really hard to believe that that's just two years ago So what we're seeing now is the aftermath of the money that was created to get our economy going again And it worked Now we've got to cool it off a little All right Frank calls in from Cumberland Maryland for Terry savage hello Frank Look I've called before this I never got I keep getting the same answer but the fact is Congress doesn't control the spending Congress does whatever their campaign contributors tell them to do The monitor the campaign contributors certainly have an influence but to say that members of Congress are nothing but puppets to their contributors is frankly not true Frank Just so you know Yes you do I'd like to ask miss savage If interest rate go up will they go up on the national debt Because if they do will be owing a $1 trillion a year in interest on the national debt I would assume that the interest rates affect the national debt as well as anything else Jerry You are surely right after the what we call social programs and defense interest is the third largest category on the national debt And as you see the government being forced to pay higher interest rates The biggest beneficiary of those two years where we've had unbelievably low rates you and all the people that go to the bank and say you're giving me 0.01 What's that all about The biggest beneficiary has been the U.S. government which has been able to borrow at very low rates I don't have the exact statistics now but you're going to see a huge jump in the deficit as we file more money and as we pay interest on the debt we've already borrowed And as it matures and we have to refinance it at higher rates So that was a great point That'll be a headline probably in 6 or 7 or 8 months Do you know how much interest is costing us on all the 30 trillion We have borrowed out there a lot Yeah A ton In fact again as Terry noted entitlements and interest on the debt are a huge portion of all the federal expenditures we have and interest on the debt is nothing more than money that we take every day and we dump into the trash Back with more in just a moment Dirty exterior.

Terry savage Frank Congress Jim Cumberland Maryland Jerry U.S. government government Terry
"terry savage" Discussed on WGN Radio

WGN Radio

01:32 min | 1 year ago

"terry savage" Discussed on WGN Radio

"Terry Savage. 3129817 200 is the telephone number. We will get to your texts and calls coming up in just a couple of minutes. But first, Mary's got to look at the weather. Lot to look at out there and the traffic not looking that good as strong thunderstorm going through northeast DuPage Northwest. Cook until about until about now. Actually severe thunderstorm Warning. Western ogle Winnebago and Boom that's until about 6 30. It's 92 degrees tonight. A chance of showers. Thunderstorms moving through as well as 75 hunting human tomorrow chance of rain and a high of 92. The inbound Eden's is loaded because of the rain about 32 minutes in from Lake Cook Road. Now Kennedy is an hour out to the airport. 40 coming in Eisenhower about 44 out to Mannheim in 34 inbound Stevenson. Not as bad 42 both directions between the tri state in the drive and the outbound side of the Ryan is building out to about the skyways. Still, this overturned car North Bong 53 at least er field. Two right lanes are blocked in Wheaton at Naperville and Butterfield an accident also in Lake Zurich. It rant in L. A road um, Urban developed Netta traffic center, reminding you to drive responsibly. Learn more life or death. Illinois dot com. When you're on w G m I just became reintroduced WGN Radio. You guys are awesome. Thanks for being tired, Joey Junior College. It was a big part of your life. And you became a man. So thank you for great programming. You and I are going to have dinner. I'm buying downtown. Okay. John Williams, the man of the people weekdays at nine. If you've got an insurance question, you could talk to your nana. But she'd probably just tell you how she insured her.

Terry Savage John Williams Lake Cook Road Lake Zurich Mannheim Butterfield 92 degrees 3129817 200 Naperville Joey Junior College Eisenhower Wheaton WGN Radio tonight L. A road 92 both directions about 32 minutes tomorrow Ryan
"terry savage" Discussed on WGN Radio

WGN Radio

02:11 min | 1 year ago

"terry savage" Discussed on WGN Radio

"I don't get the highest CD rates that are insured that I mean, you could maybe move it up by a half of a percent. But I'm talking about getting a bigger return. You're gonna have more risk and you're not quite sure what those risk are well, But listen, I'm not the expert areas, but I just I'm just gonna advocate for our caller here, and that is She probably has 30 plus more years of need for income for money. So just sitting on that money is is not gonna Why not an index fund? Why not something that will ride the market for them? Congratulations. You've read my book. That's the point of having a plan of sorting out Which money can you successfully invest? You know, woman to make this point. I used to make it all the time. There's never been a 10 year period where you lost money in a diversified portfolio of large company. American stocks with dividends reinvested, even adjusted for inflation. No 20 year period going back to 1926 of 100 years. So if you're not going to get scared out when the market crashes and you are gonna sit with S and P 500 index fund in your eye, right, and you've got a 30 35 year time horizon, Absolutely. A portion of your money belongs in stocks. But you don't go running around saying I've got a whole lot of money. Where do I put it now to get a higher yield? Because you could get locked into something That could be very costly for you. If and when rates, Right? That's why you need a big picture. Look what an interesting call. Ah, Good luck, TJ. Nice problem to have Oh, thank you. Have a good day. We're out of time, Terry, But I'm glad you took the time to sort of lay that out, because hopefully more people down the road will be in that position and next Wednesday, will take more time for the new normal raft of calls, but I think it was an interesting day today. Interesting. Thanks for having me on again. Sean. That's a Terry savage and you're listening to the wind trust business lunch. What message will we send today? Chuck Schumer, who are people? The world that has so looked up to us for centuries, echoing what Mitch McConnell was saying, lecturing his fellow senators to push back On the objection.

Terry savage Chuck Schumer Mitch McConnell Sean
"terry savage" Discussed on WGN Radio

WGN Radio

05:12 min | 2 years ago

"terry savage" Discussed on WGN Radio

"You're on WGN Radio. Hey, Pat. What can we do for you? Well, I got the letter and the card. I'm 85. I retired a long time ago. The hospital. They said it was being Ah, I'm supposed to get money from the hospital. I never worked at And so I called the 1 800 number on the, uh, Actually, I think it's on the letter to But anyway, they directed me to call w W w identity theft that gulf Which I did. And then I went through everything. I had to answer questions, and then they gave me a password number. Oh, and then they got my telephone number. S so that they can get in touch with me. Who sent you to? Who sent you there? Who told you to go to identity theft ago? Well, I called the 1 800 number on that on the letter I got I've got the letter in my hands. But I am 85. My eyesight isn't as good as it used to be. Mine's not either. I'm you know, it's funny because you say, OK, I'm worried that I might be the victim of identity theft and the people that I thought, But the people that you think are ripping you off are the ones that also told you call this number. If you think there's a problem, so I'm I'm now I'm worried that that website or phone number that you reached out to might not be legit either. I did, but if it was a dog of sounds good. Uh, it did say it say it was the idea, E F website. That's that's the people on dot Gov is reassuring, but I hadn't heard identity theft that Gove tossed around. I'm gonna ask you to do the same thing. Keep listening. And how are your ears? I know your eyes aren't what they used to be. But you can say listen, right? Hey, you know I am 85. I'm my hearing is the biggest good as it used to be, either, but I, but I listened to you. I can turn the radio up. Okay? You do that, Thanks for the phone call. All right. Bye. Bye. Bye, Pat. My hearing is Aziz. Good as it's ever been. My problem is everybody in my family is not talking as loudly as they used to. And I'm going to stand by that. Do we go next, Mrs Garris to line four that zlook like Sheila? Hey, she look you're on WGN. Hello. Hi, John. How are you? I don't know. What's up. Uh, I also had the unemployment letter and then I got the card. I contacted them to the information on the original letter. You need to get that cleared up. I got a letter from them, saying the case is closed. It was fraudulent. Yeah, That's what you need to cover yourself. And you remember who you called or what? Website? You went to It's on the original letter. Now that's in helping. I didn't see the original letter. Do you remember what it was? No. No, I don't. I'm sorry, but the original I mean, I'm sure if you just Google unemployment, you know you would find it. Yeah. And you know what? Okay, listen, I'm glad I'm sad to hear that. I'm glad to hear that. And thanks for the help on that Sheila Oh, no problem. It was very quick by the way. Yeah, That's the thing with three or four days. I have it in my mind that this is like, a weeks long nightmare. But it wasn't that for you, huh? No. I got the initial letter the card and my fraudulent letter within a week. Good here. All right. Thanks for the phone Call she lip Thank you by 3129817 200 is our telephone number and Terry Savage comes out with us on Wednesdays, and she's the expert at this literally. I promise you there is nobody in the state of Illinois. More Stoute about this topic because nobody has resolved issues for people more. She's the financial columnist that comes down with us on Wednesdays, and I will ask her one more time. She's gonna look at me like, Haven't we done this? But I don't think we can do it too much, isn't it? Isn't it just another layer of crap and 2020. That we're going through a pandemic. We had all of this political unrest. We had all of this civil violent unrest in the streets. I don't need to remind you, how about 2020 years and then as a way of sort of saving ourselves, we say all right, At least we're going to give each other some money. Here's some money. And then as we're just trying to lift ourself up, somebody comes along and says who? I think I'll steal some money. I'll steal some money from you people and this system. I'll make 2020 even worse. I want to find those people. And if they're Russians, so help me I don't think they're Russians. I think they're from Waukegan, an Elgin I think they're like just local Schmoes. You and me who see an opportunity and they seize it. 2020 reminds us time and again that there is a side of humanity that we need to Better ourselves, or at least insulate ourselves from Let's see here. Lots of phone calls. Kathy, what did you do? You're on WGN. Hi, Kathy. Hi, John. Good morning. One of the things that the representative from I d s suggested that I do is well. Was to go to the Federal Trade Commission's website. And there's a pull down there in order to register that you've had unemployment identity theft..

Sheila Oh WGN Pat John Kathy Federal Trade Commission Terry Savage Waukegan Aziz Illinois Mrs Garris dot Gov Google representative Gove Schmoes
"terry savage" Discussed on WGN Radio

WGN Radio

04:33 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Thanks very much for listening. I'm Steve Bertrand. Terry Savage is on the phone line. If you have a question for Terry about your money, that should be a good time to texted in or give us a call at 3129817 200. Okay. Mary Kim and Kevin, you all shop at Trader Joe's D'oh. Not often. Very not often. Okay, well, I love it. What's your favorite thing to buy a trader Joe's Oh, wow, I have a lot. But, um, there box wine is OK. OK, you guys what's their number? One selling item. Probably trail mix or something. No, it's the everything but the bagels. I love that. I use it all the time. Everybody loves it. Everything but the vagal seasoning. It's their number one seller in 2019, and so they're celebrating or trying to sell more stuff by coming up with everything but the leftover seasoning. So it's a new seasoning mix that will figure Thanksgiving or is it oriented? It's out of the pumpkin onion, salt to Merrick dried thyme and other seasoning. So sort of like the Stuffing mix. Yeah, so they're all right. If they're se jin it, I'm done. I'm not buying it. A hate hate Seo hates age. Really? Yeah, That's too bad because sage is wonderful. Terry Savage, speaking of a sage is on the phone line. How about that? How are you, Terry? And I love that. So everything but the bagel seasoning or your big fan. I never even heard of it. So you had a look. But I'm going to go find it. You got to find a trader Joe's It'll change your life. Terry savages here. If you have a phone book, a question 3129817 200 or you can always text. This is well like the market's closed down. I think the Dow is down about 150 points. The S and P down 6/10 of a point the NASDAQ down, even lesson that 1/10 of a point. What was going on today? Nothing matters. There was I was glued to the TV set watching the hearings all day long. It was just a fascinating on both sides. Lesson in American democracy and politics and history. I found that one of the most interesting days of television I've watched. Wow, I am. Didn't I relied on other people to pull the highlights? Because I to me. Some of that is so such posturing on both sides of not a big fan of it, but anyway, well, that's good, but it was interesting seeing both sides back to back to back. Just a fascinating day. Um, and none of it, I think affected the markets the markets there now in a holding pattern, the markets they're trying to figure out what will happen in the election. And what will happen with the stimulus. Believe it or not, that little, you know, tease stimulus is still out there. The potential of it, So I think the market just feeding on itself, traders trading back and forth. I and I listen to all that the guru of this and that we've had Jeff gone Black predicting a huge bear market sometime in the next 18 months. Then Dennis Gartman, my old favorite guru. Back on Fox business yesterday. I think it was maybe the day before yesterday, talking about the fact that this is a bull market. No doubt about it so something to my greatest people. You know, people I listen to Moz. Completely disagreeing, and that's what the market is just not agreeing on anything in particular. You know, my wife and I were talking this weekend about the economy, which is really exciting life we lead and about, you know, because the economy just absolutely crashed in March in April, so we went into a recession, but we're already out of the recession, right technically, just because we're growing Doesn't mean where where we were or a good spot, but the recession's over. Yes, all relatives. We always had great increases in in job, but we still have 10 million people unemployed at a bounce from the bottom, and that makes the numbers look good. But what if you compared to a year ago? The numbers don't look so good. It's so it's half full, or have I got yelled at during a newscast several months ago, and I called it a stellar jobs report because Hundreds of thousands of jobs were created it It was very good news given where we were, but of course, it wasn't close to where you know the recovery that we need to have have made to come through. That's exactly what's happening now and again. The prospect did I not mention that there's an election coming up. Also in three weeks when I when I said the market just on hold, I think that's a lot of it now. All right, the solitary savages here 3129817 200 couple of you are already on hold, so we'll talk to her. About that, coming up. Also, I want to talk about the retirees learned about their social security increases, right? Wow. It's a mixed bag. I'll tell you. Why will you tell me why in just a few minutes,.

Terry Savage Trader Joe Steve Bertrand Mary Kim Dennis Gartman Kevin Jeff Fox
IRS extends deadline to register for federal stimulus check

Wintrust Business Lunch with Steve Bertrand

03:28 min | 2 years ago

IRS extends deadline to register for federal stimulus check

"Of headlines on the business front today, wth E i. R s is reaching out. This is actually from Terry Savages column and she's going to join us next week. Terry will be here next Wednesday. The IRS is reaching out to approximately nine million Americans who deserved a stimulus check but didn't get one likely because they earned too little to have filed a tax return and are not on the government's benefit lists like Social Security, disability SS I stuff like that. Just maybe nine million people out there that are supposed to get a stimulus check. Still have not. The IRS is trying to tell people that did not get that $1200 but should have received it. That they have until and they've moved this now. November 21st to register. You can go toe I rs dot gov slash corona Virus Last non filers enter payment information here anyway. If you goto iris dot gov slash corona virus. If you did not get a stimulus check, there's still hope that you could Right? And they just move that yesterday. Actually, I think that yesterday, maybe with Monday they the IRS. It was originally October 15th, which was a week from today. That you had to actually get your information into the IRS. And by the way, if you just Goto iron back up, there's actually a link right on the home page right at the top. That says non filers enter payment info here, and that's where you go to get this. I'm very pleased that Terry's obviously covered this and that we've pushed Deadline back. I think every nine million people not get their $1200 is a very important number and it would. It's just a shame that so many people I haven't had access to that cash so smart move on the part of the eye arrests and I hope people will go to IRS stock tub and feel free to investigate their how they can get that money. Congress has not agreed upon a second stimulus check. I don't know. Are you reading the tea leaves out there? If and when is that going to happen to you guessed Terry or ah, police. I guess I would say John, that we're definitely going to have some sort of. If I had to read the tea leaves. We only have three weeks left the election. I think there's a lot of pressure on to get something done in the next three weeks. And I would think from President Trump's side that he would want to be able to boast about getting another deal done, and that's been his M O right. He's dealmakers get the deal done. I think the Democrats also want to help people that really driven but that there is just a huge amount of pain going on. Right now. We talked earlier about the number of people who are unemployed. The continuing numbers are frightening. More than 25 million Americans. They're filing some sort of unemployment claims weekend week out. We're seeing, you know 850,000 roughly people filed for first time unemployment claims. Plus the P way on top of that the pandemic unemployment assistance another 1,350,000 you're looking at, like a million and a half people who every week filing for some sort of assistance. And the number of people who are now food and secure closing in on 20%. So you know, I think the Democrats you're motivated. I sure hope the administration is motivated. Feels like we should be able to get something done in the next couple of weeks. You hoped I think you have caused to be mad at both

IRS Terry Savages Donald Trump Congress President Trump John
"terry savage" Discussed on WGN Radio

WGN Radio

01:38 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Off on Friday It's a pleasure to talk to you soon. John makes a lease and advances just rolled into the studio. By the way, Terry Savage normally joins us on Wednesdays wasn't able to do so to know. Hey, Pete. So Terry is going to be on what day Next week. Next Wednesday will give Terry her do because she's terrific as his Anna. Hi. Hi there, John. So you were talking about schools before? I've gotta first day school story. I got one. I got one, sheriff. Well, I thought it did. I thought it did, Which means it didn't ISAT your right. I thought it was great. My guests yesterday was that maybe your past this point, But for parents, it's not the technology. It's the content. It's like, I don't I don't know what How you doing? New math. I'm teaching fractions right now. Is that going? Oh, no, not good. I thought I could do 2nd 3rd grade math. It's it's a little more I've heard you talk about. It's a little more challenging than you think. We'll talk about that share your first day of school stories. We'll also talk with doctor are witty city's top health official will update us on the covert picture. I mean, I want to ask you actually, do you see or foresee school's opening up any time soon. Will that happen? People got so ticked it my show a half an hour hour ago when we had on that guy that was organizing the rally and Wheat and saying, We've got to get back in the classroom. We've got to get back on the football field right now. He was adamant about it. Some of you wanted to put on the pads and go at him. I guess she'll bring that up a little bit, too, referring up as well, because you know, there's some there's that piece of it, too, You know. Parents kind of Don't love the learning. I've heard. I think you're about to hear from one of them. Thanks. Thank you right after WG and Radio.

Terry Savage John Pete Wheat official football
"terry savage" Discussed on WGN Radio

WGN Radio

03:11 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Right? Terry Savage joins us right now. Terry savage dot com She is the chief Economic analyst for the Roe, Conn. Show unpaid position. All right, let's let's talk about what we've been promoting her for last couple of days there, Let me just finish this. Well, there's going to be three new buzzwords. And I want you oughta listen, We don't have to care a lot of up stock market. I hope you don't care about the ups and downs. Hope you just regularly consider, you know, continuing to invest Hope if you're retired, you've got a nice mountain Stocks, Maybe 50% depending on your age and your stage in life, and you need growth over the long one. And you still have a long one. I hope but you're going to hear three new buzzwords. No one is going to be healthy Cleansing. Aziz relates to the market action yesterday. Another is going to be Taking a breather before it goes to new high. You're going to hear that from all the pundits, and here's one that I bet you I'm going to start counting the number of times I hear this. The word is double top. Because, you know, we made a peek in the stock market left January early February, just these levels. And if you take a long time I used to when I was starting to learn about a long, long time ago, when they only had paper church, not on your computer. You get the giant book the chart that would come out every month and I would get it. Take a piece of paper. And before I turned the page and put it over and cover the half of the chart and see if I looked at this could I figure out where the market or this stock was going? And you know you have 50 50 chance of being right, Iran, but you learn about the pattern. They don't make you rich, but they're they're interesting and a lot of people follow those patterns and you're going to hear the word double top here pretty soon. Did the market make a double tap, which would be a prelude to a devastating flight? I have no idea. Wait. A double top is a prelude to a Devastating. Yeah, because in some, you know, it's one of the technical. I don't put the people down because there are a lot of people have spent awful lot of time charting patterns and using different types of charting technique. Then we'll get into it. But one of the most bears patterns is a double top. And so I bet you're going to start hearing that word. Depending on what the market does in the next couple of days, So just remember, you heard it here first. It was just an interesting little Harry tidbit for you. Okay. What do you want to talk about? I would like to ask you about this whole payroll tax deferral should be. Shouldn't people be taking it And can I get out from under it? Wait, wait, wait. So, um, the president unilaterally decided that the corporate America businesses could stop collecting. The payroll picked. Let us call it what it is. It is the Social Security and Medicare attacks you might get personally where I lined up on that side of dead arguments. I would not like this is what funds Social Security and Medicare It's 6.2% on that half of the employer And same amount taken out of the employees. So it's a nice chunk of money. And I guess the idea was if we couldn't get Congress to pass this, that or the other, we would leave people with more money in their pockets..

chief Economic analyst Terry Savage Roe Medicare Conn Aziz Iran Congress Harry president America
"terry savage" Discussed on WGN Radio

WGN Radio

01:51 min | 2 years ago

"terry savage" Discussed on WGN Radio

"You should get a full refund. It has nothing to do with what's happening now. 12 10 Steve Tennis, You're completely comfortable. Zero is you're not comfortable at all. How comfortable would you be gang getting on a united Delta American airline 10 too. My daughter's flying in later this mo. No kidding. I mean inside. I don't even think about that. Yeah, I will. She's flying in from California. That will be a longer flight three hour from this about maybe coming out with 3.5 hours, maybe four hours. This is going to have to go home, too. But my point is, Will she have the mask on the whole time? Oh, yeah, I'm sure they're very She's very cautious. My brother sent me a note and he said, you know, I kind of cringe when you talk about how smart and safe these young people are these 20 somethings because maybe your kids are but a lot of kids or not, And I take that. The massive parties that happened in my neighborhood are not being attended by 50 year old to being attended by 25 year olds, and they are utterly indifferent not only to the disease they may be catching or spreading, but the fact that everybody in the surrounding buildings in our condos Up and down our street can hear them. Not only is a disturbing to us oldsters US boomers, but it's Easy to call them out. I mean, just for violating what is a regulation that we're all supposed to be adhering to. You ain't supposed to be partying like that. You guys And I would not be surprised if there are loan numbers of new police prospects in the future. After this year. How do you give your kids the incentive to sign up to be a police officer? Yeah, I think that's always been a challenge. And yet some folks do rise to the occasion. It's 11 56. Terry Savage, the first guest, the always popular columnist on the financial site.

Steve Tennis Terry Savage California officer
"terry savage" Discussed on WGN Radio

WGN Radio

07:10 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Now with Terry Savage, our guest. Okay. But there's news in the commercial break President called even with the Pope's got your number Who's now? No email from KeyBanc chief communications person. Send me the boiler plate, the colony on my unemployment department and I just sent her back something that said of all you try it. Nobody could get through that. And by the way, no one can get through. You're keeping customer service to report fraud. So if you could get that come in the next 10 minutes while I'm on the year I'll report what you say. Tell me to tell people It's because of the identity theft. That's right. Go through the unemployment that identity. Okay. All right. Here we go Back to some phone calls. 3129817 200 mark Richer on W G N radio. How can we help you? Oh, hi. Thank you for taking my call. I'm so happy to talk to a human being. My 24 year old son applied for unemployment. In March, He got an approval he had never been able to get through to certify. He's now in the queue for a call back. Secondly, he had not gotten a stimulus check. All it says is he's either not eligible or they don't have enough information. But How do you even figure out what to do? Margaret, number one goto terry savage dot com Click on aft area questions put his name claimant number and you'll have to put your email on there, but put his email number in the body of the question. I don't make that all public anyway. And I think the story about his unemployment that he was approved but never got the money number two on terry savage dot com Second, calm Down, says something like Didn't get a stimulus check. Do this. I just want to make sure that in your 2018 tax return 28 28 18. Did you declare him as a dependent? Do you think Probably. Yeah, that's why he hasn't gotten a stimulus check. However, if you did not declare him as a dependent on your 2019 return, which you just filed. We that next year in April, when he filed his own 2020 return, he couldn't say God, you guys moved up on thought it was the defendant 2018 but it was independent on 2019. That's what the law says. I'm putting in a claim for my stimulus check will do that next April for stimulus check, Okay? Okay. Okay for a name and claimant number on my When I go to ask Carrie, it's top right hand corner of the yellow highlighted box. Carry a question. Do it that way, folks just on me. Post a question. I'll get your email and because you have to put that in and just tell me your story, and I'll try and see what I could get market. Good luck to you. And then, thanks for the question. Thanks for the answer to Terry. So those people eventually we'll get that money. You think Oh, I think they'll get all their back money one they get unraveled. It doesn't help. I mean, by the time he hears the same thing, by the time you get a big back check for this because they're obligated, but you'll probably be back at work and maybe a better job. Elizabeth. You're on w G N radio. How can we help you? You're on the air. Good afternoon and thank you for taking my call. It took a while to get through to you guys. You're very popular. My daughter filed taxes and as head of household and I'm a senior, and she put me on. As part of her head of household, so I probably I'm not qualified for the stimulus money. According to what you just said about the previous collar. Is that correct? Inside the death, correct a lot of adult Children, their parents their older parents, because they live with him a contribute to their support. It was a sensible thing to do, but that disqualifies you from a stimulus check. You know, maybe we have not discussed it. Yeah, that's going on. Let me take a minute and say, Elizabeth, thank you. And I hope that answers your question right now as we speak, and as we've discussed for the last two weeks They're in our little friends in Washington, trying to decide what the next stimulus bill will look like, because there will be one because both parties want to give you money because they want to buy your vote. That's me being practical and the savage truth mathematical at all. It's just the reality. But how that will come is very much up for debate. The Democrats have proposed $3 trillion. The Republicans, the headlines say, propose one trillion The Democrats want to extend the $600 a week unemployment benefits that end this, we could be the last week. The current recipients in Illinois. Get that $600 check the they want to do. Another. Democrats want to do another round of targeted stimulus, which should maybe remove some of the restrictions like elderly people who were declared dependence or college age students who were declared dependent. Maybe they will get but it won't be. I will You know how much money it would be? And the Republicans want immunity from lawsuits. The president for some reason, and the Republicans want targeted at business to create jobs. Big philosophical thing. The president for some reason, has decided If he wants to eliminate Bica the payroll tax, which is what fun, Social Security and Medicare and I mean, no, I'm very upset about that. And I think everybody should be because we all know Security and Medicare are underfunded and running out in 15 years or so, but more can't pay the full benefits. I don't want to be running out empty, but Won't be. It will be paying money. Only that they couldn't get in from current workers that they have been depleted with all this unemployment so that spend the bike attack which is something you know, Couple of somebody must have told him. That was a good idea. It would be good for business because they pay the other half of it so that that's what he wants. So this is all being debated and they're all trying to get home for vacation, and they're trying to do it before the unemployment. Bonus runs out. So that's what's going on. Do you think it will be extended? Do you think it will be when what amount will be Terry? I would have to have a crystal ball. I think you will extend unemployment benefits. But I would bet you anything you only $600 a week, maybe four things that will be a stimulus. I think it will be broader. The income limits may be lower, but I don't know about the dollar amount of it. I've heard that it will go from 75,000 maybe 47 5 or 50,000. Something like this is all what's being negotiated behind closed doors with masks off and Washington D. C. Okay, Terry. Well, then we'll just wait and see. But a lot of people are really hanging on pins and needles or they're getting their last deposits this week, and they they I'm hearing from in this week, Terry, they need that money. Oh, I don't know Doubt about that. And and by the way, Washington knows it, So I'll tell you what, instead of calling me about that are why your Congress? Terran LaHood is coming on our show tomorrow morning. He's a Republican congressman from Illinois. We found one so he's going to join us. Tomorrow morning. We'll ask him about that. It encouraged him to push that through, Terry. Thank you for your time. Always good to be with you. Remember, go to terry savage.

Terry Savage president Elizabeth Illinois KeyBanc fraud Washington Terran LaHood Medicare Margaret Carrie Congress congressman
"terry savage" Discussed on WGN Radio

WGN Radio

02:44 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Mega hoodies. What? The black one? I think I think that's an excellent choice. I think that'll be a great hoody for you. Especially when it's 98 in human Exactly maybe aware Maurine the fall, But you talked to producer LF off here, okay? Thank you so much. Thanks for listening. That's our mega Monday morning Music madness quiz. We pride ourselves on making the clues Very, very short. Sometimes we make them a little too, So Don't wait. So are you. One of those people who is been relying on or benefitting at least from the extra $600 that's about to end. We're going to talk about that on the wind trust business lunch today. They have not Well, that they they started the plan. They haven't finalized to continue that stimulus that PPP is that the PPP I get my letters mixed up, sometimes stimulus. The extra 600 bucks. For your unemployment benefits. I'm not exactly sure what we're supposed to do there. Terry Savage, Who's the famous financial columnist who frequently joins us here on W. G. N radio, said that she thinks that there will be an additional stimulus. It will not be $600 there might be some caveats to its from carve outs. It might not be his universal, but in an election year it's hard to imagine that they won't And, frankly, considering what some of you are going through, you need the extra $600. The bad thing about the plan possibly has been that it has discouraged some people from wanting to go back to work. Because they're making more money with their unemployment benefits in the $600 bonus. There are people that write for the Chicago Tribune, who's bylines you would recognize and with unemployment benefits, unemployment, insurance compensation and $600. They're making more money, not working, then working. That tells you all you need to know about journalism right now. Maybe the stimulus isn't too high. But the pay is the problem. Still, that's the dilemma, so maybe they need to bring it down a little bit. I'm not exactly sure what the right number would be. But you figure maybe 400 And the other question. And when we asked this to Dick Durbin, the U. S senator, of course from Illinois, he said, No, absolutely. It's the right thing to do. The question is How can we continue to afford these trillion dollar loads on the on the debt? We'll talk a little bit more about that, and we'll catch you up on the markets in the business day. The wind trust business Lunch comes your way. Next working from home schools, you're still on you, John. With everything we have going on right now, it's never been more important to get to sleep. We need quality Sleep is a natural immune booster and only the sleep number 3 60 Smart bed senses your.

Dick Durbin John Chicago Tribune Terry Savage producer Illinois senator
"terry savage" Discussed on KSFO-AM

KSFO-AM

05:48 min | 2 years ago

"terry savage" Discussed on KSFO-AM

"What ifs about that and Terry savage is our guest her website her name Terry savage dot com the personal finance expert and let's go to Mike in reading Pennsylvania good evening Mike and welcome yes your margin about what's going on faith you're saying about the the stock market the economy is going to surge for a while do I want to spend your money and then they might settle down a little but with the unemployment but all these towns that are destroyed all them people ain't gonna have jobs now as well because there are there are no whole towns that have both been destroyed there are any number of jobs that have disappeared certainly from the the the devastation that has taken place but obviously no hold whole towns of disappeared but what about the impact of of the street disturbances on the economy Terry yeah you know I witch hunt let's stick with the economics of this this is double sad from that point of view because I know a little manicure nail salon for instance that was closed down for two months Hey John sanitize got all these new plastic shields and so forth at the ground level thing in Chicago and that one was just trashed they're just spent all their money their savings and they did get a a PPP long which mostly wanted paying the the staff well so they would come back and they were just like a bomb to open another famous restaurant in Chicago June Giorgetti just completely renovated because they they had a fire before all of this had their opening to the night before all this started totally trashed and so the hearts and spirits of these small business owners have really been W. no hit they first they were forced to close down and then they're about to open up and then use so many small businesses and you know you're hearing from big corporations but nobody's got a fund for the small restaurant at a little cafe that she repair store the retailer the flower shop all those ground floor businesses destroyed again so let me ask you what were your thoughts about the money that we have spent you know the twelve hundred dollar checks to individuals the the payroll protection another program and so on your thoughts about how much we've spent and how well we've spent it well government never spends money as well as private businesses and individuals still let us start with added to given I mean that's what the free market does best is allocate capital and resources in times like this I I think it was a really good movie I know one day down the road we're going to pay for this five to six to seven trillion dollar addition to our national debt that's another discussion I mean when was the one world the rest of the world say no the dollar isn't that a good thing to own anymore when I can lend you money at one percent or half a percent anymore I mean look at all the dollars you've created it and they will look askance at the dollar will have potentially round of inflation but right now I don't think there was very much choice but to push money into the hands of the sand was not doing what we had to do with our backs to the wall St is is spending red ink by the gallon by the swimming pool full for decades and decades as a matter of course that was the said so right in in the good times we had let's not let's put this in perspective we had the longest economic boom in history a ten year bond and I don't know if you read the Bible it says seven good years we will wait passes seven good years and the whole idea was in the good times you put money aside for the bass and drum her get what individuals might not have done the government not only did not pay down its debt but every year for the last four five years we've had added a trillion dollars to our deficit they ask Congress and by the way that's both political parties Congress and that's the public who keeps reelecting those congresses we may talk a good game about fiscal responsibility but the fact is we love a free lunch and we vote to prove it that again it let's say that the world did simply say okay the dollars along with the reserve currency we just can't trust you anymore the best thing that a drug dealer can ever do to a junkie and we're reading jockeys is cut him off paint both but but but absolutely necessary I frankly if the world cut us off I would say all right thank you very much that would be painful yes it would be painful but it it's it's less painful than where we're going what a way to look at countries like Venezuela or many Latin American countries that have defaulted on their debt that made that that word was actually used a couple of years ago on it in horror right right I listen to that but the fact of the matter is the U. S. is the dollar is the centerpiece of all world commerce not gold anymore not big Klein they say yeah that's probably not for a while the dollar oil is priced in dollars everything is big mac the only other standard around the world is big macs how much is it costing each currency because that's the same thing everywhere you go basically all world commerce is done in dollars because it doesn't have to be willing to try to get some more calls on for Terry so as we know that the U..

Terry savage Mike Pennsylvania
NYC health chief under fire for alleged remark

Jim Bohannon

00:50 sec | 2 years ago

NYC health chief under fire for alleged remark

"There is are calls faring for okay New York city's health commissioner not so much to on resign main after street reportedly insensitive at remarks twenty about till the let's city's bring police in Jimbo officers Hannah kind the commissioner of weird watching of the NYPD Wall Street these says days nothing with unemployment is more important way than up the health the gross and domestic safety product of his officers crashing major but retailers that may not declaring be the case bankruptcy for the city's and health it looks commissioner as though Dr art Wall series Street Barbeau is just a happy who according is a to the New York could Post be told another what's going high on ranking here officer let's talk with personal I finance don't give two expert rats Terry **** savage about your cops her website during her a phone name call Terry in March savage dot denying com a request and for half Munger a million latest masters books the saying savage truth I need on them money for others carbo and the savage has yet number responded how much to money the story do you really but need police to retire unions are what calling is for Wall her dismissal Street saying that PBA we're not president Terry Pat Lynch calling one it despicable thing to and say unforgivable there are said traditional Dr Barbeau for the stock should market be forced to look to look ahead in the and eye of every and police many family on Wall Street who lost I think a hero that to the this virus we will get past and tell this them economy they are worth will re a rat's open **** and that she business should've been fired will come the moment back she uttered and those earnings words will come

Commissioner New York Officer Munger Wall PBA President Trump Terry Pat Lynch Dr Barbeau Hannah Dr Art Wall
"terry savage" Discussed on WGN Radio

WGN Radio

07:59 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Right Terry savage is joining us right now and the super celebrity hot line Terry savage by the way you know or love her she's a I've been a financial analyst on television and radio for well for as long as the kids here for ever well I you know well maybe people that I started my career as at the first woman trader founding member of the Chicago board options exchange and we really lived in the market actually before that it was a stock broker the first girl at my firm and it was a long long time ago I've been around I've seen this before but nothing like this before right now I have seen this before and I should remind people that you gonna be hosting the Wintrust business lunch tomorrow and Monday and you're gonna represent from the only permanent employment security answering questions with you tomorrow right yeah this is pretty exciting you know this whole unemployment situation what it what a big deal they had to deal with on their website our office is closed and all of that so Rebecca Cisco of ID at the director is coming on and I solicited questions don't send me anymore I'm overwhelmed but I think I've got the gist of what everybody wants me to ask and I'm gonna pop amount to a ceiling gets answered here okay all right so we'll get some phone calls for you as well here three one two nine eight one seventy two hundred but let me start with the stock market and I I'm I'm trying not to be negative here because I because we have to be hopeful and we have to everybody's kind of pushing the same direction here as well as many people who we can get to push in the same direction be optimistic as possible but I see irrational exuberance on the stock market here because I don't know how these businesses if you've got one out of five people who are employed two months ago are now unemployed how do we have a V. recovery which I think is what the stock market is telling us they're anticipating yeah I I don't have a good answer for you we are on the S. and P. five hundred back to where we were a year ago today now back to where we were in January but back to where we were a year ago today and I think the only thing that can account for it is either the emotion that says oh my gosh we'll pick right up which worries me the way it worries you or the sense that there is so much money floating around you remember money's what moves markets and there's just didn't I mean I know it's supposed to go to people you know so they can pay the rent or mortgages within that doesn't quite hold true and there's just so much liquidity flooding the system even though it's draining out the bottom you know we talked about that that I think that's part of what's moving the market up but the smart money you know I've listened to himself for a long time Warren Buffett none of them think anything's a bargain now I don't either Warren Buffett especially was a couple weeks ago we had that he did this virtually he has the Berkshire Hathaway meeting every so it's always on Kentucky Derby weekend which data and that's why I can't attend by the way during his wondering but it's in Omaha and it's you know they call it you know about the test or whatever this this this year he talked about getting out of all the transportation you talked about getting out of trains and and planes whether it's going or the airlines themselves and that's a that they really did smoke detector well yes all billions worth of stock now look you know everybody could be wrong because that was basically this is a virtual your you know what it cost to all high in terms of revenues that all those accolades didn't come to the city but for the meeting that you know he could be wrong I just you know remember two weeks ago I had the bull and the bear debate on on WGN I will host it one day and we had Dr Bob Froehlich who said Terry by the end of the year the doll B. thirty thousand and I thought my god what's he smoking but and I listen to the bear who said look this economy isn't going to pick up it's not going to open up that easily there's too many too much damage done to many people out of work and that means a dog going down to fifteen thousand well so far it's headed right back up here I I don't know what it will take except maybe and I don't want this to be the case maybe another round of of illnesses you know at this time that's not what it takes what it'll also be predicated on the type of recovery I wanted to phone calls here I'll stop you hammering but it's the temperate covering that people are going to see it's it's not just not just whether or not people get sick it's whether businesses can rebound what the earnings look like in the third in the fourth quarter I think that's that's that's the the great great great unknown I had to get to the phone three one two nine eight one seventy two hundred here is Tom you're on WG and good time well thank you for taking my call roll the less time I saw you was at the toys are tax that and we convention center better times my friend yes they sure were real quick concerning the stock market I in a lot of people are concerned about of the federal reserve's kind of like the one which way they're going and Jerome Powell I hope he's not the fox watching the henhouse because supposedly they're looking into buying derivatives and other products that they normally shouldn't be dying and I'm I'm worried we're already enough fire straits but long term we we don't need another nineteen twenty nine in other words yeah Terry what what was already see the way understand the way money gets created it is not printing presses in Washington the federal reserve is a separate distinct organization really representing the nation's banks and they have the job of keeping inflation under control and employment up to par and that's our dual mandate in the tool they have they used at least call job warning they could talk about it you know you guys have to stop thinking about inflation or whatever but the big thing they have is something called open market operations and for ever and ever and ever until twenty oh eight the thing that said could do is go out into the open market remember we haven't at twenty something trillion dollars worth of IOUs treasury bills notes and bonds trading out there the fed could go out in the open market called the big money center banks and say I want to buy you know six hundred million a billion or whatever it is of the two year treasury note and when they bought them when the fed bottom they would pay the bank with newly created money I used to joke when it was Paul Walker nobody ever asked him to put his driver's license number on the back of the check create the money to buy those securities but forever it was only government securities twenty away twenty oh nine a crisis was so deep Hey what mortgage backed securities not the government securities what kind of mortgage backed securities that was a shock and this time around they have literally said we're just about going to buy anything where they've drawn a line although some speculate they might would be ETFs or stocks or something if the market were crashing and the idea that this that the chairman said we will create an unlimited amount of money to keep this thing going well by commercial papers of the penny market funds are fine we're going to buy bonds even municipal bonds perhaps so the municipal park I use from states like Illinois can get sold and they can borrow money so the idea that that's going to create an unlimited supply of money is pretty bullish for the stock market matter of fact and that's why I think you see the market going up despite the fact that we don't know what the economy a look like that I think they do they think Santa Claus is in town they're not just sure where he is what what door he's behind Terry savage will be right back with you and the phone calls through into ninety one seventy two hundred if you have financial questions you want to look into the future you would like a crystal ball Terry this coaster crystal balls we have learned that it has her eyes not a crystal ball but on the traffic.

Terry savage financial analyst founding member Chicago
"terry savage" Discussed on WGN Radio

WGN Radio

02:05 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Be that you know there's a whole lot of arguments out there some people don't think you're even really need to shut down that's ridiculous we see the numbers but the fact is we're here now and the critical thing is to get through this this quickly as possible so we don't really destroy the foundations of our system right because you're stopping at you you literally stopping a river you're you're you're trying to interrupt a river when you do that if if ocean in a tight rope I think it's bigger than a river I think this is the tight now this is an economic ties in the critical thing is that we recognize that people who can't pay can't be foreclosed upon or infected or have their utilities turned off at this point but we keep the system going so that the building owners remain building owners so that they can and so here's the thing if you can't pay rent whether you're a small story parchment resident talk to your landlord and try and make some kind of arrangement Hey little this month maybe a little more next month if we can make it through this in three or four months then everybody will have a chance to get back going again right that's that's a point in the end you know you have the most of these businesses will come back and not all of them well but made it but that most of them do and the important one is that we we always come back it made a comeback in the same form his name may not come back with the same order but we have people who need jobs we need people to work and we have a spirit of entrepreneurial isn't in the meantime we've got the stimulus to try and see it through and I've become sort of the world's minor expert on similar checks with another whole story but I redo the redo then on the other side I would you do you may have to dispatch you will take some phone calls for even two ninety one seventy two hundred Terry savage is with us Terry savage dot com she needs no introduction if you have a question about the about the stock market you have a question about finances you have a question about anything has to do with the green cash money Terry savage can answer it and on the other side tears can tell us how we're getting out of this problem in thirty seconds or less I can't wait to hear that answer I just told you that.

Terry savage
"terry savage" Discussed on WGN Radio

WGN Radio

06:01 min | 2 years ago

"terry savage" Discussed on WGN Radio

"You can say about the futures market this morning so far a Dow Jones is volatile let's get more from our financial expert Terry savage how you feeling today Terry not much better actually but their market is she starring in it's very interesting very interesting the futures are see sawing here a looks like the market will open higher I'm I'll give you an interesting story we didn't get to talk before the show but I think it's the giant fake out and people are looking at the wrong market how do you like what do you mean a stake out all right well watch this five every morning now you and I and every media person gets up it shows where the stock market is going out sh big headlines have been the stock market sh I would like to introduce our listeners to something called the bond market now I'm gonna get to see something pretty sophisticated I bet you'll follow this but in case you don't four weeks ago on February nineteenth at my website Terry savage dot com I wrote an article called beware of bondage and if you go to Terry savage and scroll back through the columns I've written so much that it's about eight or nine or ten calls back this is explained that the ideas that cash in recent years as much money's gone into the stock market in for one K. plans even more has gone into the bond market people think well yeah maybe I'm getting closer to retirement stocks would be a little bit in Europe they've been taking the fun talking about up until now they know it so people poured money into bond markets they were very excited sh you can find bonds inside your four oh one K. or bond funds I should say they had a nice for a five percent yield much more and you can get the money market so they bought these bonds fund I wrote a column a month ago saying wait a minute what made those bond funds attractive those high yields came because a record number of very low grade bonds were included in the bond funds by the managers they ought to be investment grade but a record number of triple B. rated bonds are indeed bobsleds which make them so attractive and I wrote not knowing this was about to happen sh if there's a recession which I assume that would be what many of those companies will not be able to pay the interest now fast forward to today inside those bonds under the bond of airline companies and energy companies the bond fund managers bottom because they were officially investment grade and then made the outlook could and that was fine now we see the possibility that this stretch is not the economy the economic impact stretches on for months and some of these companies don't pay their interest get downgraded on have to be sold and I rode in the county could lose as much money in bonds as in stock and that article again at Terry savage dot com the world Bob so the next market to go it's going to be the bond market so what what is what does that mean for people like me who are trying to follow what you're saying but don't necessarily understand everything I'm with you and I as I said thank goodness I was out of the pocket gulch because it's it's really **** lost a colleague think about each one as you know we've talked three or four weeks ago begging people to see what's what do you have inside your four oh one K. all that money in my four oh one K. where is that I talked many of those files our bond fund and everyone stockman's minimalist Axminster Chakwera probably should be hidden inside your four oh one K. match either a money market fund a stable value fund a short term government US government bonds sunk and that would be the place where yields are next to zero yeah you won't get anything on your money it's about the return of your money the chicken I mean that's not saying take your money out of the four one K. H. I'm saying even with the flick of your computer switch the safest thing inside there was a guy that should be a money market fund short term you know it's gonna be fun stable value fund that's where you want to hide because if we have an ongoing recession many of the companies inside those bonds plus love problems paying the promised interest now the government will step in and do something but you will lose money and the value of your bond fund when they are forced to sell or people recognize they have bonds that are interesting then people will want to sell the bond fund and then those prices are going down I get it is is the stock market just waiting for a government bailout of some sort in some second no no no the stock market is waiting for some realistic information on how deeply this is going to cut into our economy the stock market is that nobody's even talking about bailing out the stock market global industry every retail leach who was still loaded up with stock the bill out of the stock market what's going to happen is that the economy is grinding to a halt sh the companies that are inside those mutual funds stocks people are saying well people stay home and watch more Netflix but nobody advertised by Amazon tiring work but it's because well all orders from sh but in general for the whole economy the big it's going to be unemployed there's going to be more people have problems paying their rent or mortgage and so there will have to be a series of government actions that I'm sure there will be even in this can't get it together and ministration somebody's going to step up and do some sensible things to help the ordinary person because this is not just gonna be one group which is.

Terry savage
"terry savage" Discussed on WGN Radio

WGN Radio

04:14 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Seven twenty WGN John here today for G. should be here on the Wintrust business lunch and we're gonna jump right into things no messing around Terry savage who comes in on Wednesdays normally joining us on a Monday morning with the Dow Jones down about six point four percent nearly seventeen hundred points Terry not a great day to chat with you but maybe it is the best day for you to help us out here today well you and I talked about this G. and I've talked about this this is not unexpected except to the people who thought the bull market would go on forever right it's not the economy is not going on forever and it's boom and that's the main reason this is happening today in the stock market I think it's obviously been corona virus fears that have really led the up and down over the last week today though you get the mix with the oil can you explain it like I'm a fifth grader here why this is so volatile today one of our system can it sort of **** the bubble of Happy Days but the oil crisis is another interesting situation I was the Saudis just look at the Russians instead Hey you know what we're not going to support oil prices anymore we're going to cut prices in the face of the demand around the world collapsing think about it not only our planes not taking off and cruise ships not using fuel oil but China has been you know down to about fraction of its usual use of energy for the last month or so so there's very little demand and the Saudis have cut prices and are increasing supply the real victims of not the Russians who they are undercutting although that'll impact them or the Saudis who obviously figure they can afford to do this but many U. S. oil energy energy companies who happen to have high yield you better be careful because those dividends are going to disappear and maybe some of them won't be able to refinance their bonds to the energy sector down dramatically oil under thirty two dollars a barrel that's part of it I imagine for a lot of folks out there that you know if you're not retiring for ten or fifteen years just don't even look at your four oh one K. there's really not much to do I assume that's the correct answer for those that are warning for awhile to find some conservative place to hide some money under fifteen years and more than do it for years well I feel for and I've been talking to the people just a few years from retirement or in retirement you need to are no longer going to be contributing one to retired and also need to take root withdrawals that are required and and H. seventy two now so those people have a great need for liquidity I also like to say that we're seeing something unprecedented in the interest rate markets John we've got that treasury ten year treasury was down to zero point three four percent it's now back up over a half a percent these bonds were trading yielding a close to two percent not very long ago so everybody around the world with cash is coming to the U. S. and saying what's the safest place in the world I'll buy US treasuries that pushes up prices up and rates down yields down to having a lot of unusual things happening and I think the one days and plan on it said it's not over yet it could last a lot longer than you think and now it's you don't want to jump into it middle of this either on the buy or to sell side right quick question this is just random I had I think I've heard about these circuit breakers in place I can't remember what was the last time these have gone off the circuit breakers in twenty ten we had a a circuit breaker issue I mean we we had the mark we have something called the flash crash in hindsight which was a technical thing and they always hit circuit breakers but after that they changed them and so we only had the first circuit breaker today the market was down seven percent just shortly after the opening it went down over eighteen hundred points and may pause trading for two fifteen minutes yes it drops another thirteen percent don't have another part will get there but there are three actual circuit breakers just to give the market a chance to catch its breath for a second yeah that's good advice for the rest of us Terry savage as always thanks for stopping by in a gender through this okay glad to be with you all right let's take a look at the weather's departure was going to be a cloudy skies windy mild as could be some showers around today a high around fifty nine degrees were fifty three right now on Wall Street the Dow was down sixteen.

G. Terry savage WGN Wintrust
"terry savage" Discussed on WGN Radio

WGN Radio

04:01 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Terry savage with us let's go ahead and take a call this is Kathy on the line hi Kathy what's your question for Terry savage hi Kerry I love your straight forward and vice I have a questions about eight months ago I purchased Cresco LAMP stack the popular Chicago marijuana company been all over the papers they moved to Wrigleyville blah blah the stock is doing terrible and besides the founder stepping down yesterday I don't understand one marijuana stocks is so high can I call Cresco and say what's going on you know if I don't mean to laugh but the fact is that companies that are publicly traded have to fully disclose all information immediately that to the public all at once that's not the kind of thing where you it would be if they told you something that they didn't tell the world it would be considered inside information so in general every public company has to disclose everything that's what the securities analysts and investors do is analyze that information I haven't followed the stock I haven't actually followed the pot stocks I thought it was kind of a fad and I don't typically come in an individual stocks but the idea that you could learn something that others don't know is unlikely what you might want to do is just Google the company and see what is there must be some securities analysts following the company that are commenting today on this news that's how you'll get your your best in Alicante how do I find a security analyst that just how line Google the stock go on this is C. N. B. C. dot com and you can okay it's publicly traded company put in the symbol or put in the name get the symbol and you'll find a lot of information about that any individual stock Kathy thanks for your call yet again how proactive Kathy is right Terry but here's our a a text question from the two to four ugh I sold it last week like halfway through the big drop I worry it will drop some more what do I do now well that this is you know this is not to be done out of emotion which is why you know Gee we've been talking about for a month more than a month and that if you're close to retirement take some profits off the table protect your profits kind of thing you're having a rally today it's up seven hundred fifty points I don't have the specifics but I guess right now the Dow is down only about ten percent from its high now what could come along everybody knows things are being canceled everything from sort of template baseball games to conventions Chicago is going to be hit hard by just a loss in the restaurant show there's gonna be a lot more business impact do you think the markets fully pricing that in what do you think that the market's gonna get scared again when something else happens it's not a question of trading your account it's deciding how much exposure you want to the ups and downs of potential ups and downs of the market it really is old enough to be comfortable that's okay put it in the bank in the money market deposit accounts you get the chance today if you think I was wrong we had a twelve hundred point rally on Monday we have an eight hundred point rally today so we're not down that much from the high so either this is your chance to sell more we think of selling your star you have a pile of cash either way it's your money well it relates to that person that question you said that everyone has to ask themselves about their own personal situation and their risk tolerance so here is a question from the two one nine I am sixty eight years old and married to my seventy year old husband we have rebalanced our portfolio to match our risk but now we want to increase the cash in our portfolio what percentage of cash should we have my dad all depends who you're talking about your investment portfolio I don't know what other savings you have outside this is the time when a professional who can take some perspective on your personal situation is so helpful not somebody trying to sell.

Terry savage Kathy Kerry
"terry savage" Discussed on WGN Radio

WGN Radio

01:49 min | 2 years ago

"terry savage" Discussed on WGN Radio

"Many of this Terry savage's more Terry savage dot com good talking to you today Terry thali C. A. dot tomorrow in fact we'll get back have a good day occasional rain possibly mixed with snow at times tonight no accumulation till tomorrow evening let's get the rest of the forecast from Steve yeah if you put away your shovel in the ice melt yesterday you might want to get that back out winter storm watch is going to affect tomorrow morning through Wednesday afternoon for pretty much all of the Chicago area with the exception of northwest Indiana and Kankakee county will see hide your forty three today down to thirty two tonight high near thirty six tomorrow looks like the full snow a full effect of the snow will happen tomorrow tomorrow night and early Wednesday morning four to eight inches of snow possible fuel a local totals as high as ten inches from the storm system right now in Chicago we have mostly cloudy skies thirty eight oh here thirty nine at midway thirty seven at the like from the NHL trade deadline now about five hours away the bulls get away in a public memorial for Kobe Bryant today in Los Angeles it looks like it's cleared up on the inbound side of the Kennedy so about forty eight minutes from here in thirty eight from the Eden C. express only thirty five minutes actually thirty out to the airport Eisenhower fifty in from three ninety about thirty four from Mannheim so from first all the way in in the Stevenson from the tri state thirty eight minutes on the Ryan twenty from ninety fifth bishop Ford and fifty seven are both clear at Lawrence to fuller ten still so in lake shore drive no tollway delays accident Woodridge fifty three and Hobson Amer van Velsen at a traffic center reminding you to drive responsibly it really is a matter of life or death you're boarding a plane and don't have the C. next to your young kid you ask a stranger for kindness tell me what happened and what the airlines.

Ryan Hobson Amer van Velsen lake shore NHL Kankakee county Indiana Steve Lawrence bishop Ford Terry savage Stevenson Mannheim Eisenhower Kennedy Los Angeles Kobe Bryant bulls Chicago