Mottek On Money

Stocks rally ahead of the weekend as a new reading on manufacturing hits a record high and new home sales hit the highest since 2006. Mortgage rates pull back for the fourth week in a row. Stocks erase most of the losses seen in the previous session on reports President Biden plans to propose a tax hike on wealthy investors when he addresses a joint session of congress on Wednesday, the same day the Fed will wrap up a policy setting meeting. Bitcoin dips below $50K. Analysis of the markets, the economy and outlook from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Art Hogan, Chief Market Strategist, National Securities, John Kilduff, Oil Analyst, Again Capital, CNBC contributor, Jeff Lazerson, President, MortgageGrader.com, O.C. Register columnist. 

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Mottek On Money Special Edition focused on Southern California real estate. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic for our "Frank" discussion on real estate, the mortgage business and the economy. Corelogic has released its latest report on rents for single family homes. Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist has the latest on mortgage rates. Los Angeles City Councilmember Joe Buscaino, Chair of L.A.'s Trade, Travel and Tourism Committee, has an update on the waterfront redevelopment project in San Pedro and the massive infrastructure project underway at Los Angeles International Airport along with a discussion on L.A.'s economic recovery from the pandemic and solutions to L.A.'s homeless crisis. 

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Another record shattering week for stocks and cryptocurrencies on signs the economy is on a roll continuing the recovery from the pandemic recession. The Dow ended the week at 34,201 after ending above 34K for the first time on Thursday. Bitcoin saw a record shattering week moving above 64K as the crypto exchange Coinbase made its Wall Street Debut. Analysis of the markets and the economy with Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Scott Minerd, Global Chief Investment Officer, Guggenheim Investments, discusses the latest action on Wall Street and continued despair on parts of Main Street as L.A's homeless population continues to rise. He is leading the business community in supporting the Union Rescue Mission and its Angels of Hope fundraising telethon. More info here: www.URM.org  Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center has an update on vaccine distributions and the impact of the pause on the Johnson and Johnson vaccine plus the announcement that the Milken Institute Global Conference will be held in person again in Beverly Hills later this year. Kevin O'Leary, a.k.a. Mr. Wonderful on Shark Tank, Chairman of O'Shares ETFs and Beanstox provides his insights on the markets, the economy and cryptocurrencies. 

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Stocks end the day at or near record highs. Bitcoin soars to a new high above $63K as the largest cryptocurrency exchange, Coinbase, is set for a direct listing on the Nasdaq. Both the SP500 and the Nasdaq close at all time highs. The Dow ended down 68 points, partially weighed down by shares of Johnson & Johnson which ended lower after U.S. regulators recommended a pause in administering its Covid vaccine to investigate reports of rare but potentially dangerous blood clots. The latest market action discussed with Art Hogan, Chief Market Strategist, National Securities. The latest readings on real estate, including mortgage delinquencies and foreclosures discussed with Dr. Frank Nothaft, Chief Economist at Corelogic and Oscar Wei, Deputy Chief Economist, California Association of Realtors.

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Stocks rally sending the Dow and SP500 to record highs. Big tech names participated in the latest rally as investors remain optimistic about economic growth and progress against the coronavirus pandemic. Bitcoin hovers near its all time high as more consumer facing companies invest in the cryptocurrency and begin accepting it as payments. Among them, Los Angeles based real estate company Caruso. The economic rebound, retail outlook and Bitcoin discussed with Los Angeles business and civic leader Rick Caruso, CEO of Caruso, developer of the most popular shopping destinations in Southern California including The Grove, Americana at Brand, Commons at Calabasas, Palisades Village as well the Rosewood Miramar Beach Resort in Montecito and the 8500 Burton Way luxury apartments. A new low-fare airline is set to start service at the Burbank airport. The new airline discussed with Andrew Levy, CEO of Avelo Airlines. Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox discusses the latest news on Bitcoin, a record shattering week for stocks, inflation and what he sees as the best looking economy since the 1950's on the horizon.  

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Mottek On Money Special Edition focusing on Southern California real estate. Home prices tick higher. Fixed rate mortgage rates move up. Affordability and availability the big issues as the traditional spring home buying season begins. Rays of sunshine in commercial real estate as pandemic restrictions are eased. The very latest reports from Dr. Frank Nothaft, Chief Economist, Corelogic, Oscar Wei, Deputy Chief Economist, California Association of Realtors, Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE. 

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A blockbuster March jobs report shows the economy added 916K jobs and the nation's unemployment rate fell to 6% from 6.2% as pandemic restrictions ease in many states including California. In reaction, benchmark government bond yields moved higher Friday in a holiday shortened session. The SP500 closed at a record high ahead of the three day Easter holiday weekend after the Dow had achieved a record high earlier in the week. Wall Street cheered the President's proposed $2.3T infrastructure plan, a strong reading on manufacturing and the latest vaccine news. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Jeff Lazerson, President, MortgageGrader and OC Register columnist, Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox.

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Mottek On Money Special Edition focusing on Southern California real estate and the latest readings on home prices, sales and the impact of Proposition 19 on real estate. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic with the latest SP Corelogic Case Shiller Home price index which includes Los Angeles, San Diego and San Francisco. Economist Jordan Levine, Chief Economist, California Association of Realtors and Los Angeles County Assessor Jeff Prang on the next phase of Prop 19 kicking in on April 1st and what you need to know about it.

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A late rally sends the Dow and SP500 to record highs on the best consumer confidence reading in a year, optimism about the ongoing covid vaccine rollout in the U.S. and the price of oil climbing above $60/barrel as a massive cargo ship continues to block the Suez Canal impacting oil tankers and hundreds of other ships. New concerns about a third wave of Covid in parts of Europe. Mortgage rates move up for the 6th week in a row. Analysis of the markets and the economy from John Kilduff, oil analyst, Founding Partner, Again Capital, CNBC contributor, Ben Stein, financial commentator, economist, author in a special "Frank and Stein" segment, Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. 

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Stocks pull back as coronavirus lockdowns are started or extended in parts of Europe including France, Germany, Poland and Greece. The Dow retreats 300 points at the closing bell. Oil tumbles 6% to $57.76/barrel on lower demand expectations. Meanwhile, Fed Chair Jerome Powell and Treasury Secretary Yellen deliver an upbeat assessment of the U.S. economic recover in a joint appearance before the House Financial Services Committee. Analysis of the latest market action with Art Hogan, Chief Market Strategist, National Securities. An update on commercial real estate from Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE. And on the residential real estate side, the very latest readings plus the impact of higher mortgage rates and Prop 19 discussed with Oscar Wei, Deputy Chief Economist, California Association of Realtors.

Support the show: https://www.frankmottek.com