Mottek On Money

Mottek On Money Special Edition - Main Street and Wall Street:  Stocks slide at the opening bell after the market's worst week since the bear market sell off three months ago. Concerns about a rise in coroanvirus cases now that businesses are reopening after the pandemic lockdowns weighed on global markets. But a late a rally turned the Dow's more than 700 point loss during the trading day to a 158 point closing gain. The latest market analysis from Art Hogan, Chief Market Strategist, National Securities. The U.S. Supreme Court rules the Civil Rights Act of 1964 protects gay, lesbian and transgender people from discrimination in employment. Many legal issues arise as businesses reopen as the coroanvirus crisis continues. The latest discussed with labor law attorney Thomas Lenz, partner at Atkinson, Andelson law firm in Pasadena and lecturer in law, USC Gould School of Law. Jeff Lazerson, President, www.Mortgagegrader.com and OC Register columnist discusses mortgage rates hovering near all time lows and real estate activity suddenly reactivated in Southern California.

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Stocks rack up worst week since the bear market sell off in March. A wave of selling hit the market on concerns about rising coronavirus cases in some states and the Fed's latest assessment of the economy. The Dow plunged nearly 1900 points on Thursday, its fourth worst point drop in market history and rebounded 477 points in a volatile session to cap the week at 25,605. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, Chairman, O'Leary Financial and O'Shares ETF's. L.A. area restaurants slowly reopen facing many challenges following the coronavirus lockdowns. The situation discussed with Armando Castro, Jr., Owner, El Floridita Restaurant in Hollywood.

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Mottek On Money Special Edition - Wall Street and Main Street: Stocks take the biggest one day plunge since the bear market sell off three months ago. The Dow closes down nearly 1,900 points for a closing loss of nearly 7 percent. Markets were rattled by a rise in coronavirus hospitalizations just as the economy begins to reopen, the latest jobless claims report showing another 1.5M people got into unemployment lines over the past week, more store closings and the Fed's latest assessment of a tougher than expected economic road ahead. Analysis of the markets and the economy from Art Hogan, Chief Market Strategist, National Securities and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center.

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Mottek On Money Special Edition - Covering Wall Street and Main Street: It's another day for the record books as tech stocks rally sending the Nasdaq to a record high close above 10,000. Apple, Microsoft, and Amazon all hit new highs. The Federal Reserve held the line on short term interest rates near zero and signaled no rate hikes expected thru 2022. The Dow bounced around and came in for a closing loss of 282 points on concerns about the recession and rising numbers of coronavirus cases. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors, Los Angeles. L.A. area restaurants are slowly welcoming back dine in guests with strict new health protocols in what has been a tough time during the coronavirus crisis and recent civil unrest. The situation discussed with restaurant owner Jaqueline Canter, co-owner, Canter's Deli in the L.A.'s Fairfax district. 

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Mottek On Money Special Edition - covering Wall Street and Main Street: The New York Stock Exchange and other U.S. stock exchanges hold 8 minutes and 46 seconds of silence in honor of George Floyd coinciding with the beginning of Floyd’s funeral in Houston. Coronavirus cases continue on the rise in California. Tech stocks rally sending the Nasdaq to a record high close for the second day in a row. The Dow pulls back 300 after a six day rally. Bank of America commits $1B in support of local communities to address economic and racial inequality accelerated by the coronavirus crisis. Raul Anaya, Bank of America Market President for Greater Los Angeles discusses the announcement, the economy, diversity, small business lending programs and post pandemic business. Prominent economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics discusses the latest news on the economy, the official recession declaration, outlook on business re-openings, retail and real estate.

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