790 KABC

The Dow Jones Industrial Average hit a record high today, closing at 50,286, with IBM taking the spotlight after receiving a potential billion-dollar investment from the US government for its quantum computing subsidiary. The news sent the stock soaring, but the market's enthusiasm was tempered by concerns about inflation and the impact of the ongoing Iran war on the economy.

Today's market action was driven by a mix of positive and negative news. On the one hand, IBM's deal with the government and the company's strong earnings report boosted the stock, while on the other hand, the price of oil dropped after a report that Iran's Supreme Leader had issued a directive against sending weapons-grade uranium abroad. The market's reaction to the news was a classic case of "buy the rumor, sell the news," with investors initially reacting positively to the report, only to reverse course when the details emerged.

If you're interested in learning more about the market's reaction to the Iran war, the impact of AI on the job market, and the latest news on the economy, tune in to this episode to hear the full conversation with the economist and Rabbi Marvin Hier, the founder of the Simon Wiesenthal Center and Museum of Tolerance.

See omnystudio.com/listener for privacy information.

Why are Orange County's beaches pristine and Los Angeles County's filthy?

Plus Randy talks with insurance commissioner candidate Keith Davis

See omnystudio.com/listener for privacy information.

John talks politics with Assemblyman David Tangipa from Fresno

See omnystudio.com/listener for privacy information.

John and Randy react to Spencer Pratt's interview with Elex Michaelson

See omnystudio.com/listener for privacy information.

Spencer Pratts campaign is getting attention all over the world at this point

See omnystudio.com/listener for privacy information.

Are we getting a little too comfortable with the instant gratification lifestyle?

Plus Randy talks to assembly candidate Carolyn Daniels

See omnystudio.com/listener for privacy information.

Frank Mottek discusses the future of Cuba, where the Trump administration's actions are bringing hope to the Cuban people. Joining us live is Tomas Regalado, the former mayor of Miami and veteran broadcast journalist, who shares his thoughts on the significance of this historic moment and what it means for the island nation. And in California, we're talking about the state's financial health and the impact of the proposed "billionaire's tax" on the state's economy.

Franks guest, Herb Morgan, candidate for California State Controller, shares his vision for a more transparent and accountable state government, and how he plans to use blockchain technology to make that happen. And in the world of finance, we're exploring the latest market trends and what they mean for investors.

Don't miss this episode for a unique perspective on the intersection of politics, finance, and technology. Listen now to hear the full conversation and get the inside scoop on what's happening in the world of finance and beyond.

See omnystudio.com/listener for privacy information.

There's gotta be a better way to say that

See omnystudio.com/listener for privacy information.

John talks politics with Jim Lacy

See omnystudio.com/listener for privacy information.

And it does not go well at all, not on fires or homelessness

See omnystudio.com/listener for privacy information.