Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks slide at the opening bell as coronavirus numbers in California, Florida and Texas rise. The Dow was down about 200 in the early going but turned around as big tech companies including Apple began to rally. The Dow came in for a closing gain of 153 points. Apple made some big announcements at its annual World Wide Developers Conference and Apple stock ended the day up $9.15 to a record high close $358.87. Oil hit the highest price seen in about three months above $40 a barrel. Market analysis from Matt Krantz, Personal Finance and Management Editor, Investors Business Daily, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Leary Financial Group and O'Shares ETF's and John Kilduff, Oil Analyst, Again Capital and CNBC contributor.

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

Mixed finish to a winning week for stocks as the main street economy gets cranked up again. The Dow jumped nearly 400 points on Friday on reports China was set to buy more U.S. farm products. But the rally faded after Apple announced it was re-closing 11 stores in Arizona, Florida and the Carolinas due to spikes of coronavirus cases in those states. The World Health Organization announced the pandemic is reaching "a new and dangerous phase" as daily cases hit new highs and the global  death toll continues to rise. California records the highest number of coronavirus cases since pandemic began. The Dow posted a closing loss of 209 points and a gain of 1% for the week. The latest on the market and the economy discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. The most popular outdoor shopping destinations in Southern California are reopening. L.A. business and civic leader, philanthropist Rick Caruso, CEO, Caruso, developer of the Grove LA, Americana at Brand, Commons at Calabasas, Palisades Village and others discusses the re-openings, future of retail, public safety, honoring Juneteenth and his urgent new effort to lead social justice reform.

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

Mottek On Money Special Edition: A wonderful conversation with... Mr. Wonderful himself, Kevin O'Leary, Mr. Wonderful on TV's Shark Tank, Chairman O'Leary Financial Group, O'Shares ETFs, mega entrepreneur, business owner. Awesome insights as we discuss the rise of technology during the coronavirus crisis, how it’s impacting businesses and consumers, new tech tools in media, travel, commercial real estate, and his latest ventures.

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

Mottek On Money Special Edition: Consumer advocates discuss what you and your loved ones need to know about health and financial issues related to nursing homes in the coronavirus crisis. Nursing homes have become ground zero of the pandemic with a large percentage of coronavirus deaths reported in elder care facilities. Serious questions are being raised about the level of care found at some of those facilities in California. In addition to the health issues, financial issues are also weighing heavily on consumers looking to afford proper care for their loved ones. The issues discussed with consumer advocate Jamie Court, President, Consumer Watchdog in Santa Monica, www.consumerwatchdog.org And Consumer Advocate and Elder Law Attorney Zoran Basich, founder, Nursing Home Solutions, www.NHSCare.com 

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

Mottek On Money Special Edition covering Main Street and Wall Street: Stocks rally on a record 17.7% jump in retail sales last month. The market also got a boost on positive early results of a potential treatment for coroanvirus involving the steroid Dexamethasone and comments from Fed Chairman Jerome Powell stressing the Fed is committed to using all of its tools to cushion economic damage. Restaurants are facing big challenges in this recession and ongoing coroanvirus crisis. The situation discussed with Wolfgang Puck, celebrity chef and owner of restaurants worldwide including Spago in Beverly Hills and Chinois in Santa Monica. Patrick McClenahan, President/CEO, Goodwill Industries Southern California, discusses the reopening of Goodwill stores and donation centers, job training, and consumer bargain hunting.  The Dow closed up 527 points, the latest market action discussed with Gabriel Wisdom, Managing Director, American Money Management and author of Wisdom on Value Investing.

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