Gadgetory

it's Wednesday May twenty-third 2012 it's the 404 show on CNN TV I'm Jeff Bakalar and I'm Justin you and this is the show where Facebook fizzles and we're happier for it oh and I man chill and I'm everybody's and don't forget it I you know last time when I was on we were talking all about the facebook IPO remember we got some questions about buying the facebook IPO and we got questions even when you were gone as well like whoa shouldn't I buy it and what did I say boring old answer yeah we'd chill out yeah this thing is all hype yeah and it could have listened to put if it had gone up five bucks or eight bucks everyone would have said you don't think that I should have gotten in but it's a long way between now and then you know the stock fell so in the first day of trading right it goes up a little bit right 23 cents the next two days goes down eighteen percent it's a lot that's a big number the high 18 it doesn't take a big economist to realize that that sucks or a social media genius it realize that's a big-time thumbs down right so dislike this thing the dissing and disliking is all over the place so now the news today which is coming out of so this is what I love when our worlds converge because the news is really interesting first of all you know that there was a huge technological glitch on the Nasdaq the first day of trading it's like let's say you were knew that you were gonna have the biggest offering you know are the second biggest offering an American history huh wouldn't you be prepared probably test out the machine let's see if this works or is it related do you think it's a coincidence um it is I think it is a terrible coincidence yes there's a conspiracy theory now saying that it's because they rigged the machine to automatically post his facebook status to post mark zuckerberg facebook status at the same that's got wonder now anything is loaded with orders they completely blew it the technology broke down yeah now there's a new lawsuit where investors are saying we're going to sue the Nasdaq because here's what happened it's kind of like you know the worst case scenario if you're a trader you're working in a big firm you're managing money say alright I put an order in which said I own facebook at 38 I put an order in to sell my shares at 45-42 whatever it was then I decide you know what forget I'm going to cancel the order i'll just have it so you canceled the order but you get no confirmation that your orders cancelled you don't know whether you've sold it or not you don't know whether you're long it or flat and these people there's some people who lost real money in this for real and they're going to go after the Nasdaq to see if they can get compensated for that loss that's one thing the second thing something they have a case though totally yeah absolutely now the second thing that's happened is now there's this whole story about the underwriters right the bankers who put the deal together they are now being accused of some shenanigans I love that word shamanic I call shenanigans okay yeah she it was a shenanigan um here's what the use of the accusation is now the company's out on the road show and is getting inferences oh my god there's a ton of demand everybody wants it and at on may nine facebook amends its s-1 filing with the SEC and in that filing it basically says there's there's a very small note about how their results may fall in the next year some revenue could be lower okay and and and it's not exact and it's not like a science the numbers aren't in there that it's sort of innocuous but it definitely ratchets down the expectations at the same time Facebook executives allegedly decided they wanted to really make sure that they got 38 bucks a share they wanted the price to be 38 and they added more shares to the offering so now all of a sudden we have a whole bunch of things happening at once we have the company saying maybe our numbers aren't quite as good we have the company saying to the investment bankers we want 38 bucks a share we want to sell our shares in it and we're going to sell more shares so there's tons of supply now the underwriter is led by Morgan Stanley say great because everyone says they want a ton of this at the same time at morgan stanley there analyst says that he is downgrading his expectation for facebook's revenue you don't write a report because when you're on the road show you're prohibited from putting a public report out you're allowed to have verbal conversations with clients during the road show during with the institutions that are buying this not little retail investors eighty percent of the people who are buying shares are institutions that can mean a hedge fund it can mean fidelity our mutual funds true that's where most the offering is so now people are freaking out there saying wait a minute are you saying that Morgan Stanley tapped the shoulder of the big guys said listen don't go crazy with us because the numbers aren't looking so good but the little guy who is the retail investor like you and me who may have bought a few you know a little bit of the opening didn't know that information so so it's basic it's not insider trading it but it feels like that I spoke to a couple of securities lawyers this morning preparing for my show appearance here on the 404 and they said there's something kind of interesting which is is disturbing if it's true but two different people said to me you know the rules of an IPO are rigged against the little guy always right I said wait a minute what do you mean I thought everybody gets the same information it's the same filing they said yeah but you know the underwriters are allowed to talk to the institutional clients but they're not supposed to talk to the retail investor during the road how is that fair and they said but that's the rule and I'm like really I got to check that out I wasn't so sure and I haven't found out but two different attorneys at two different law firms told me that so I'm inclined to think that they may be true I don't understand how that could be fair well because basically an IPO is really for the benefit of two types to people the people selling the shares and the institutions coming in and buying those shares now the institutions theoretically would be nice if like the guy at fidelity who got the tap on the shoulder don't buy so many shares told the people in their brokerage accounts hey we just got this tap on the shoulder we're going to tap you on the shoulder small investor but evidently you're not supposed to talk to retail investor during the roadshow but you can talk to the institution privileged information that's what it should trickle down let's see terrible I guess what I'm wondering is is it typical for a company like Facebook to amend their as one filing saying that they might not have a good quarter in the future it is not typical and that was the other that was a big tip off a lot of people said even without there being any verbal communication between Morgan Stanley the fact that more that you know that institutions these big players said wait a minute they amended their filing it's the going out at the top of the range and they're adding too many shares to this offering so what I understand from some hedge fund guys is they got the shares at 38 they blew him out at 40 41 42 and they went short at 42 meaning they sold shares and bet against facebook driving it all the way down and yeah the first day it closed at you know 3823 but the second day which was after the big underwriters sort of stopped buying the stock they the floodgates open it's really interesting all right it's cool it I mean it's sort of like a crazy story right forced me to really try and learn as much as I can about the whole thing because it's the first time where I understand why things are happening seriously and it sounds pathetic it took me 30 years to understand the like stocks didn't aunt Jill then I didn't I've only had an angio for a couple years right uh Chairman wants to know did Zuckerberg lose two billion dollars through all this on paper on paper right but remember what happened he gets shares he sold some shares for himself 38 bucks so that's that's perfect he gets that money it's off the table the rest of the shares that he rate retained went down and on paper yeah it looks like he lost two billion dollars big deal round a year 18 billion to 16 billion comp change uh how about a girl though you think she's signed a prenup no wife is it what are you crazy if I would I mean I don't know he's here's I he's an unconventional dude okay here's the deal you cut with her you say honey I love you moving together forever right have there been part of the recent Harvard since Harvey right so uh you know you've been part of the ride I'm a total loser geek you took a shot at me and now I was the loser was then paid all right Jesse Eisenberg portrays him as this sort of freddie was so okay let's just take you totally Jarek yeah sure and so let's say that that's true okay so she she finds the love in him she sees the beauty in that of dollars through the acne okay so now he's worth 18 be right and he says till we're getting married I love you no matter what whatever happens if we get divorced we don't get divorced Oh sign this paper you get 5 billion we walk away you're done mmm that's it I'd sign that in a second course you would five brain how to do it for a billion i'm not a dude for 500 don't sell yourself short haven't I taught you anything that's true a billion at least a billion at least I want to know to put up with them I want to know what what happened with that there had to be a prenup there had to be had to be I mean too much please it says I'm lawyer DUP to his yang you think about it if he did you know if you didn't do it and they broke up she Jeff automatical California oh woe is me a billion dollars I mean but you know California community property state bad place to break up after you after you're in the black for so much money does it matter doesn't matter I don't know Paul McCartney seems to not care he seems to keep getting married and breathing ah they're giving his money away i don't care listen every time i literally need to get married and divorced a hundred and fifty thousand holdings for it to start affecting his bank flow I don't listen I am NOT a you know I've never signed a prenup in my life no I probably should have given my track record oh I always cost me money to get out of these relationships yeah hey that much well I'm not ever on the receiving end of that sure for some reason but um I can understand that if you're worth 18 billion dollars you say you know what let's just do this let's paper it up let's get done he also as you say he made me so unconventional anybody might not care who gives yeah I don't think he really cares I'm worth this you're worth this who cares and I think his attitude comes through in what's all sort of happening right now and I think it was like you know the drama was sort of boiling before it went public and now that it is it's just sort of overflowing so there's a big rumor now on the street that he's like some one of the analysts said you know this guy's Zuckerberg such an egomaniac the reason he priced it at 38 is that he wanted a market capitalization of one billion-dollar just have that nice i'm a number like he's a lunatic he's a little bit of a lunatic I mean who knows if that's true or not there was an article in the wall street journal this morning about the chief financial officer of the firm and whose name is escaping me right now but who sounds like a like a micromanaging megalomaniac and so it sounds like he really pushed the underwriters around quite a bit so look you know what there's egg on the face of everybody nobody wanted to see this thing go down eighteen percent i think the ideal scenario was it goes out of 38 it goes up you know to 42 it settles at 40 chills out for a while yes I i think this eighteen percent dump is quite surprising it's bad for the company's bad for nasdaq it's bad for Morgan Stanley as bad for all the underwriters but you know what it's early days yeah few days n we got a net what's the trading at right now Justin I mean Anthony 32 in 1832 dollars 18 cents so it's up about three and a half percent percent right yep where it so call I'm and back up that hill it's still stumble it's stumbled out of the gate I mean it's stumbled that you know it's funny the first day of trading when I saw the first hour I said oh oh something Bad's happening you know I'm an old this is that what you see when you look at the tickers ya see what like the people in the matrix C yes you know tonight oh they do I divine it my father calls tape reading that's amazing so you see like the volume you see the types of orders that are placed you see that the the volume on the sell side starts to accelerate pretty quickly amazing while you see what I see when I look at like the box score yeah hockey game that's right I look I can tell by the way I just want to be clear with everybody that last time I was on it wore red after the devil's one okay alright so there was no game last night that's why I'm not wearing devil's red I'm very anxious about tonight you're not you think you're anxious i feel that Jeff we need to have an intervention with him if something doesn't go his way it's gonna be bad if things don't work out it's just letting everyone know say they're right now like the best case scenario for you right now is that they win tonight and they take it in at home course right of course you don't want them to lose tonight and win the last two and they have to win in the garden although going to be fun if they wouldn't be fun let's win tonight okay okay we digress a little it's just off man is it tough it is tough so anyway I'm glad that most of our fans here did not buy facebook because you know what why yeah I don't think anyone did and we relay that same advice that you gave us the a couple weeks ago when you were sort of like wait play the waiting game see what happens um and it turned out to be good advice of course that I should expect anything less right exactly so I'm sort of sick of the Facebook story I do I did tweet this yesterday that is like it's like enough already all right fine but will you humor us for for a couple more moments um interesting uh read here from technology review which is published by MIT headline is called the Facebook fallacy all right yeah written by Michael Wolff for all its valuation the social network Facebook is just another ad supported site without an earth changing idea it will collapse and take down the web Wow strong words basically up to sort of summarize what this guy's saying he's basically saying that all of this was just way over night and at the end of the day it's all about impressions and CPM ok so like that so guess what like that is true I agree with that and we know that because we know that there was only twelve percent of their revenue that didn't come from ads all right you're right so but but that said we work for a company that makes a crapload of money on advertising it's called CBS but don't you think that our ads arm even though even though Facebook knows more about you than your own mother right there's still something about you know this sort of abstractness and randomness of facebook ads and the way that they're built into the site are much less appealing than they are on retail or other sites like our own like somebody's much more client to click us and add-on seen it and they are on Facebook I guess so but I would be I'd be a little bit nervous about saying the death of display you know the reliance on display is there going to be their death knell because I keep looking at the TV model which is you know everyone said nobody is watching television this is model as going away and yet you know i look at the CBS earnings and it astounding how much money you make from advertisers so i agree i'm not look you know me i'm not a facebook fan i just didn't because you told me to do it frankly by the way both of you but seriously it's still a different experience in a commercial on TV is so much different than just having in you know and right because 11 relies on you proactively make something happens the other one is coming but person right it's passive so but that said there is so much information there's mining of information and there is technology explain to me what is this called when like you can login to other sites through facebook what's that called again uh what do I don't know I can't open graph yeah at that some some of the analysts said to me that's actually a very killer valuable valuable value and and and that there is there is much to be said about Facebook I think they know they can't be a display advertising model forever but I also wouldn't sell them short no I wouldn't I'm not saying that but I'm what I'm saying is that and I agree their technology is where they really you know have sort of like a corner on the market there um I also think that just like Twitter their primary sort of go to characteristic is this data that right have they owned so much data like Twitter no twitter has basically become you know this sort of the stenographer of life on Earth you know what I mean we're just like everything first of all I love that you use the word stenographer because Justin do you know what a stenographer is a little person who sits in the fourth quarter why is he little why are they little there was a little fingers little finger yeah hi typewriter they're tight free shorthand i love that i just really it's the life like what that now twitter explains everything when you want to know if something's happening it's those entertain of life it really is exactly why were too sick x and out uh but yeah that's that's sort of what it is so their value is deep but they still haven't really harnessed that and blown the doors off eternity I have to say that you met guys been made a little bit younger when this was all happening but I felt like we had these very similar around Amazon where people would say okay I get it they've got tons of people come in there but they're just not making enough money and not making enough money and it's just books and all of a sudden you saw that Amazon became a much more valuable company because of the way that they could bring other items in and they did become sort of this amazing retailer of everything right laid the groundwork and then reenable so the question really is you're still making the same bet do I believe that this management team can has now laid the groundwork for something really awesome in the future and we don't know yet and hence why I would never buy the stock it's well it's crazy though because they're getting close to a billion users right they have more than 900 million now so it's like all right they're gonna run it's like are they running out of time to really make that really I mean you guys are more of the experts about that than I am I mean did you but you know but some of this is somewhat is habit right you know I'm on facebook what will replace that mode of communication I mean so far there's always been something new right you know right historically speaking I know the Internet is still technically in his infancy right I got in the grand scheme it's sure will there be something new I don't know well you know you g funny you bring up the internet why you're saying that that there's some people who think there's bad things happening in the internet it's crazy all right transition um did I blow your did I don't know that's not her a perfect segue we talked about this but last week Justin two weeks ago two weeks ago they were selling tickets for it oh they were selling tickets on the Internet yeah well now anyway uh more than 40,000 ultra-orthodox Jews came together in protest of the internet and this happen i believe over the weekend or last week not uh not on Shabbat I'm sure no at Citi Field it was probably like a Sunday afternoon can you do it sunday after church is that kosher yeah yeah yeah Sunday's good Saturday bad Saturday bed uh forty thousand Jews they show up at Citi Field where the Mets play and I'm sure that the will plans charge him a pretty penny to rent out the stadium I need all that they need all the cash they can get and basically they were there to protest the rules of the internet okay okay but what why wretch my head on this its just oh it's a little strange arm you know it's to me you know i mean did is this not like this is you know one guy sort of leading it's 40,000 people that show that okay now Justin don't say anything during this segment because you will be seen as anti-semitic yeah there's yet not very very carefully i can speak freely yeah we come off a self-deprecating self-hating gia that's it well let me go let me be clear that these these types of jews would not consider us jews know they was spitting our family Oh Terry would they would literally yeah is a disturbing idea that you can have a 40,000 people who basically want to sort of try to put a genie back in the bottle or go back in time now I'm not saying that there's all beautiful content on the web it's disgusting an awful we all know that right you would think that there would be a more constructive way that they 40,000 people could come together and saying you know we don't like that world wide interweb that Al Gore created and instead say come out and do something really positive and say you know here's what we think would be great if we get you know we want to do something where parents are monitoring their kids or whatever it is you know like doing more education and saying there's so much amazing glorious information from the web and there's a lot of crap let's try to avoid the crap but to just say denounce the internet yeah I hate the phone exactly i don't want phones and in and that's and as the point is gonna bring up it's the same thing like pick your poison you know as we evolve and move on there's always going to be something new that's a book the internet it's a big deal it's changed everybody's life absolutely for better or worse it's changed everybody's life and people we as humans we just you know we adapt with that it's part of our evolution and okay and then like you know there's always going to be a downside there's nothing more like pure and i mean and i guess for these guys you know the the purity would be to be back in a shtetl in you know in eastern europe and not have electricity that would be fantastic also but i don't see a lot of them i mean on the Sabbath they don't you know drive but i don't see a lot of saying I don't want to be in a car I don't want to use a telephone I mean it's ridiculous it is ridiculous because like we said there are so many sort of almost hypocritical elements to daily I mean this thing was was this organized just by word of mouth maybe I don't know maybe I doubt it but you know if you know you look at all these photos and you see these guys they're on their cell phones you know they're embracing other technologies I'm sure I am positive when the phone became mainstream not the cell phone when the landline phone people were losing we're never going to leave the house look what happened television radio same thing I mean was there is a similar sort of gathering after you know cable TV became prevalent we are all watching that great stuff on Channel J exactly exactly uh I it to me it's it's it's a little upsetting good you guys think that a big part of this is probably arguing for accountability and just giving people information on how they can browse the internet safely with their families like it probably wasn't really a protest I don't know I mean the question is if they did that okay maybe but it was just the anti I'm never into just the anti i just don't like this will tell me what you do like what can we do with it it's here well everyone knows it's bad stuff only in right of course we look for constant exactly right exactly no zone it's all your bookmarks there so um you know the verge had a write up about this they sent excuse me they sent the guy who quit the internet to go here right that's awesome which is actually perfect um there's basically a couple talking points that the verge brought up and I've you know all due respect this is really a really good writeup so they sort of categorized it in a few talking points number one the internet is full of filth okay and it is but you know what so is planet Earth I know right what I mean like is it better to have it on the internet or is it in a better in a strip mall would you rather now exactly would you rather be exposed to it in time square in point blank range or through the privacy of your own home all right number to the internet changes who you are okay everything changes who you are living your life as a human your day-to-day y z internetu that it's your responsibility be who you are yeah yeah of course um you know I Macanese guy damn it I just you know I just don't I just don't understand I'm decay you can no you please speak freely yeah speak freely because just like I love it's like this organization you can speak freely that's right right so everyone has their own opinion I mean what to me I sort of think they're just a little misguided was there more beyond they said the it's Philip smart that was their two main talking points and it changes who you are it changes who you are and you know a lot of beliefs in ultra-orthodox judaism is is sort of this almost isolation uh and having like a very private relationship with God right and um you know it's just I to me what about looking at it say like wow how cool is it that you could bring ultra-orthodox Jews from all over the world together and come to like your website and learn more and have people understand about what you do in other words if it's all negative it's easy to discount and if they're more balanced then it's easier to say hey maybe they've got a point there some of this is kind of crap everyone knows it's crap but you know it just you know of course they wouldn't say anything about like oh we're worried about girls being exploited on the internet because they really don't see women as anything know as you know as equals they do not is why they weren't at this conference right on Syria woman there's a lot of problems there's a lot of problems I just attended a Jewish woman in the room I'm but it's just it's upsetting it's upsetting and it and and the publicity of this paints a very negative picture of Jews I know you know it's always way me you know like when there's a guy arrested on Wall Street and he's Jewish my mother will call me up and said oh he's Jewish hahahaha it's obviously brought us back another ten years right this were some fundamentalist XYZ group they weren't you would that was not Jews I don't think I'd be reacting as strongly I really is it I definitely agree with you Jeff that there's this feeling like you know I'm a whatever lame Jew but I know that but but it's like oh really it has to be the Jews who are being like kind of weird about this I don't know look it's not as bad nowhere near as bad as like a Westboro Baptist Church sort of thing right you know where it's just maniacal lunatics all right understand this is extremism yeah but it is what it is is the most for the doctors yet yeah there's a lot of them they weren't breaking the law they were doing anything there's the you know but at the end of the day it just it's upsetting as someone who is Jewish and is very much um involved in the internet and loves porn and understand and look and understands that it's a natural evolution of human communication and interaction that's and you know and it's an unavoidable sort of progression it's sort of a seems to me also it's a cop-out because you did okay you don't blame technology you blame the human beings and how r use it and so let's figure out how to help people use it better which by the way someday I'm gonna make I think I might have to bring my nephew in here for a broadcast before he goes to college so you guys can scare the crap out of him about what he puts on like Facebook and my life in college you've already made you bet I've already said I already said dougie you know um you're gonna have to be careful in college because you guys you're gonna put stuff up you do this you do that and I think he's kind of blowing me off a little bit and I'm like hmm I know the just the men to do this you know they uh there's a couple interviews on the post here and they're talking about how you know the internet breeds hate and it breeds all these terrible things yeah it does okay it's not the first time we've ever seen that and if you look at the world history some pretty awful terrible things have happened when there was no internet yes some pretty god-awful terrible yep you know things that no one ever thought would happen I would say that the thing that is very interesting and unique about the Internet in terms of both kids and now you know as an adult who has who blogs is the anonymity of it is very interesting like people can say nasty stuff you're and be anonymous which you know I'm I get it like you're was fine you don't want to use your real name I get it but that's the one part of it like I wish that we could somehow figure out how to make sure that it was if you're going to say something nasty in a comment and a blot out the facebook thing is with a logging in a lot of websites only let you log in if it's you right and and then exactly and that we know who you are and we know if you're talking trash about something that you know and i also think a statement like that on unit carries so much less weight than it doesn't in real life oh yeah well you know it is what it is I'm very curious to hear what people have to say about this call us up 866 404 seen it or email us arm at the 44 @ sina com we don't even have time to get the questions or anything like that what you want to do 11 you only one okay let's do one in them and then watch it wait we're going to say goodbye because they got to blow me off for lunch okay guys so just I've to go bunch at fault are you gonna just and i might go get a salad by oh I can't do it without you and Richard forget it okay cool okay you wanted that all right let's uh let's maybe do you have one that you want to get you go first okay let's uh let's get to one that we have a rundown this is from Derek okay I recently started my first job out of college and I have two questions about retirement my old work study job with my school has a defined contribution plan yep and they're also closing my account because I'm short of the minimum account balance would be better to roll it into a new IRA on existing account and just so you know he has both an IRA which he no longer contributes to and a 401k that's with his new zealand okay what's now and there's like a two-part thing that what's a good distribution for 401 k investments i'm currently contributing sixteen percent of my sounds oh baby sweet plus is a percent company match and have eighty percent going into growth portfolios and twenty into a balanced index fund this is from derek what should he do here we go Derek I don't know how old you are you're taking too much risk in your portfolio let's start there so you should probably be instead of eighty percent growth in twenty percent balance index make it more like 6040 6535 something like that you don't need to take that much risk you can take risk because you're young obviously roll over the old retirement account into your existing IRA account um and you know just so you can have it all in one place and chances are because people move around more I'm more comfortable saying you know you'll end up probably with one big fat IRA account make sure that IRA account is held in a place that has no load index mutual funds I'm talking about Vanguard fidelity t rowe price on Charles Schwab something that's really cheap for you to be investing in no load index funds that's okay all right great Aaron from Champaign and I guess this will be our last one cuz we're really running time a few appearances ago it was brought up that you should never close a credit card due to it apparently harming your credit score right this episode was taped literally the day after I closed one of my two cards I closed the due to the low limit and the fact that I was using my new discover card mainly for cash back bonuses because he spent so much on gas and stuff like that okay uh his discover card has a limit of 3,500 so he's gained 2500 available credit just from this one card did closing that smaller one thousand dollar limit card hurt his credit that much he nearly freaked out when I heard that closing I was a bad idea no don't freak out uh he hardly has any debt and paid off a car and paid off his car nearly a year ago okay good news is this did not harm you that okay what harms you the most is missing bills when you don't pay your bills when you miss a payment when you're late on your credit card or your mortgage or utility so a missed payment is much more diverse much worse so what we're talking about when you close out cards is that it the amount of available credit is part of your credit score so the reduction of losing that thousand yeah maybe as you said he said offset by having an increased credit limit but in general do yourselves a favor and if again I don't think this is a big deal so please don't freak out about it but because it already happened and who cares we're over that right it's in the past pay your bills keep doing what you're doing if possible in the future if you're don't use a credit card just pop it into your desk drawer don't use it cut it up yeah you can cut it up and and not worry about it the only thing is if they start charging annual fees for that card they have different decisions so if that's the thing there's some cards that do charge annual fees I feel like you gonna be a little loony to keep that gun right yeah probably but you know it depends if you are about to go if you were going to just about to buy a car with a car loan or by go get a mortgage i would say before you cancel it get that loan in place be the rules right now about getting credit are so maniacally crazy that things like this matter so you just don't use want to have a nice healthy credit score i'm sure he still has a great credit score all right good to know you're you're okay Erin don't freak out too much I thought that must kill him we're like don't ever get the Gregory's lycra nips as the envelope was dropping in the mail alright don't worry he's okay he's okay all right good to know thank you so much for being here Jill always a pleasure I'm gonna miss you in two weeks I'm going to visit the Queen of England okay that's right have fun on your on your London trip that's gonna sound awesome uh and then yeah I wouldn't I won't be here anyway either III is a two weeks away yeah also in a month we have lunch yes okay all right month lunch well cats are away Oh terrified I'm simply terrified of that picture that's true thanks again to Jill follower on twitter Jill on money alright what else have you got it always a place love it love it if you have financial questions asked Jill at moneywatch.com I'll bring onto my radio show we'll get you all on the terrestrial radio folks yes that's not a step backwards it's a lateral step okay maybe a step backwards but it's fun no it is fun alright that's where you can check Jill out we will be back tomorrow with a brand new show until then I'm Jeff Bakalar I'm Jill Schlesinger and I'm Justin you it's the 404 high-tech lowbrow have a great wednesday we'll see you tomorrow you