Mottek On Money

Mottek On Money Special Edition - Many L.A. area businesses still reeling from the coronavirus crisis are hit by looting and vandalism in a wave of civil unrest. Violence flared in the midst of many peaceful street protests over the death of George Floyd at the hands of a Minnesota police officer. Many California business leaders including Tesla's CEO Elon Musk and Apple CEO Tim Cook have spoken out about justice for George Floyd. Tremendous heartbreak for business owners affected by the weekend unrest. The main street situation discussed with Maria Salinas, President/CEO, Los Angeles Area Chamber of Commerce. Stocks begin the week with gains. The latest on the markets and the economy discussed with Jim Hausberg, Managing Director, HighTower Advisors and board member of www.JVS-SoCal.org Mortgage rates hover near record lows but tighter lending standards and a flood of re-fi applications make it tougher to get the lower rates. The latest mortgage and real estate news discussed with Jeff Lazerson, President, Mortgage Grader and O.C. Register columnist.    

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Stocks post a mixed finish to a winning month of May in the face of more tough news on the main street economy which is slowing reopening following the coronavirus shutdowns. Analysis 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, Chairman, O'Leary Financial Group, O'Shares ETF's, L.A. based economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics. Celebrity hair stylist Giuseppe Franco in Beverly Hills reacts to the state allowing hair salons to reopen in Los Angeles county with new health safety protocols and explains how his famous salon is going above and beyond the basic requirements.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks stage an early rally in the face of more shocking numbers on the economy as investors appear to bet the worst of the coronavirus economic damage is behind us. Another 2.1 million people got into unemployment lines over the past week bringing the 10 week total to nearly 41 million. The early rally fizzed out as rising US China tensions took the spotlight over China's latest moves to crackdown on protestors in Hong Kong impacting Hong Kong's autonomy. The Dow came in for a closing loss of 148 points. 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. David Pillsbury, CEO, ClubCorp, including City Club Los Angeles discusses golf country clubs and business clubs starting to reopen, seeing increased demand following the crisis shutdowns,  

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks lift off at the opening bell as more businesses reopen after the coroanvirus shutdowns. Stocks pulled back during the trading day on renewed tensions between the U.S. and China but a late rally sent to the Dow up 553 points at the closing bell. Market analysis from Bryan Perry, Editor of (www.BryanPerryInvesting.com), Cash Machine Income and author of the 25% Cash Machine. Los Angeles business leaders are dealing with a range of challenges as the economy slowly reopens. Mark Wilbur, President/CEO, Employers Group, former Board Chair and founding Los Angeles Business Federation (www.LABizFed.org) member discusses L.A.'s coronavirus ravaged economy and a new LA Biz Fed survey of the top issues facing L.A. business owners.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks kick off a holiday shortened week with a rally as economies around the world continue to reopen following the coronavirus lockdowns. The latest reports of new efforts by various companies to develop a coronavirus vaccine and treatments helped give the markets a boost. Energy names and travel related companies rallied while so called "stay at home" stocks pulled back. The Dow popped 700+ points, moving above 25K during the trading session, before closing up 530 points to 24,995. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. The enormous contribution made by foreign firms to the California economy is detailed in the latest report on Foreign Direct Investment prepared by the World Trade Center Los Angeles. The report and outlook for the post pandemic world discussed with Stephen Cheung, President, World Trade Center Los Angeles and Executive Vice President, Los Angeles County Economic Development Corporation, LAEDC www.laedc.org

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