Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street during the coroanvirus crisis. Big news after the closing bell: Apple, Amazon, Facebook and Alphabet report earnings which exceeded analysts expectations. Apple stock moves to new highs after hours, above $400. The company announces a 4 for 1 stock split. This after a mixed finish for stocks on the latest tough news on the main street economy including a record contraction in the 2nd quarter, GDP plunged 32.9%, weekly jobless claims moved up for the 2nd straight week to 1.43 million. Gold slipped from a record high settling at $1942.30/oz. Another restaurant chain, California Pizza Kitchen, files for bankruptcy. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities, Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics in Los Angeles and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center.

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

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks pull back just before the closing bell as congress continues to work out details of the next coronavirus rescue package including supplemental federal unemployment benefits. Consumer confidence takes a hit this month. The Dow came in for a closing loss of 205 points. Gold closed at a record high at $1,944.60 after touching $1,974.70. Home prices continue to edge higher but at a slower pace according to the latest S&P Corelogic Case Shiller Home Price Index. The latest report, real estate and mortgage rates discussed with Dr. Frank Nothaft, Chief Economist, Corelogic and real estate agent Jennifer Meyers with Rodeo Realty in Beverly Hills. Casey Mervine, Senior Financial Consultant at Charles Schwab discusses the latest Schwab 2020 Modern Wealth Survey results for Los Angeles.  

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

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks kick off a busy week with gains as lawmakers in Washington work out details on another round pandemic rescue for consumers and businesses. The Fed is set to start a 2 day policy setting meeting. The big tech companies will report earnings later in the week. The Dow closed up 115. Gold hit a record high of $1941/oz during the trade day and posted a record high closing price, up $33.50 to $1931/oz. Silver closed at $24.50/oz, the highest since 2013. Analysis of the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. New serious concerns raised about coronavirus at the workplace and how those concerns should be addressed. The issue discussed with Patrick D. Kelly, long time voice of organized labor in Southern California, union activist and retired Teamsters Union leader and Labor Law Attorney Thomas Lenz, Partner, Atkinson, Andelson Law Firm, Pasadena, and Instructor at USC Gould School of Law. 

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

More signs that the economic recovery is slowing in the face of alarming coronavirus numbers in California, Florida and most other states. Negotiations continue in Washington on a new coronavirus rescue package. Stocks end the week with a pullback. The Dow slipped 182. Nasdaq dipped 98. Big name tech stocks took a breather ahead of a big week of earnings reports. Gold hits a record high closing price just below $1,900 an ounce. Mortgage rates hit new lows. The latest on the markets and the economy discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, a.k.a. Mr. Wonderful mega entrepreneur/investor on TV's Shark Tank, Chairman of O'Share's ETF's and www.Beanstox.com  Jeff Lazerson, President, Mortgage Grader and O.C. Register Columnist discusses mortgage rates and real estate. 

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

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: More grim numbers on coronavirus case numbers and deaths. Weekly jobless claims tick higher for the first time in about 4 months coming in at 1.4 million. The parent company of retail stores Ann Taylor and Lane Bryant files for bankruptcy protection. New concerns about additional closings of parts of the economy in the face of rising pandemic numbers. Kevin Harbour, President, Biz Fed Institute, www.bizfedinstitute.org the nonprofit educational part of the Los Angeles County Business Federation LA Biz Fed, www.bizfed.org discusses the public private partnership delivering donations of personal protective equipment via www.equipla.org to workers on the front lines of the crisis. Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center provides the latest analysis on the economy, the financial markets and work on potential coronavirus vaccines. www.milkeninstitute.org/

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