Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Memorial Day 2020. The stock market, banks, credit unions, govenrment office and the post office are closed as the nations honors the US military personnel who have made the ultimate sacrifice while serving the US armed forces. Financial markets are focused on the coroanvirus crisis and now a Chinese crackdown on pro democracy protestors in Hong Kong. The stock market posted a winning week in the face of more tough news on the main street economy. The crisis is impacting real estate with home sales plunging in April while home prices ticked higher. The latest on the markets and the economy discussed with Kevin O'Leary, Chairman, O'Leary Financial Group, O'Shares ETF's, serial enthrepreneur, a.k.a. Mr. Wonderful on TV's Shark Tank, Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics, Jeff Lazerson, President, MortgageGrader and OC Register columnist.

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More economic pain on Main Street as California's unemployment rate hits a record high. Rental car giant Hertz files for bankruptcy. Stocks end a winning week with a mixed finish as tensions rise between the U.S. and China over the coronavirus pandemic and China's new action to curb pro democracy protestors in Hong Kong. Analysis of the latest news on the economy and financial markets from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Bill Allen, CEO, Los Angeles County Economic Development Corporation, LAEDC, and Kevin O'Leary, Chairman, O'Leary Financial Group, O'Shares ETF's, a.k.a. Mr. Wonderful on TV's Shark Tank. Beau Boeckmann, President, Galpin Motors in the San Fernando Valley and Star of Car Kings on the Discovery Channel discusses business following the reopening of auto dealerships and what car buying consumers need to know.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks slip in the face of more tough news on the main street economy including another 2 million + surge in jobless claims over the past week, more retailers announcing store closings, U.S. China tensions flaring and slower than expected progress on reopening the economy. The Dow came in for a closing loss of 102 points. Analysis and outlook from economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. The price of oil hits a six week high and is now up 80 percent this month impacting investors and consumers. The latest news in the energy sector discussed with John Kilduff, oil analyst, Again Capital and CNBC contributor.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks rally with big tech names leading the way. Both Facebook and Amazon hit record highs. Oil stocks also rose with the price of oil hitting the highest price seen in 10 weeks as energy demand picks up on the easing of coronavirus business lockdowns. The Dow posted a closing gain of 369 points. Midweek analysis of the markets and the economy from Wall Street veteran Art Hogan, Chief Market Strategist, National Securities. Nursing homes continue to be ground zero for the coronavirus crisis. Elder law attorney Zoran Basich, founder, Nursing Home Solutions www.NHSCare.com discusses the latest news and how you can get the nursing home care needed for your loved one without going broke. Los Angeles businesses weathering the coronavirus economic storm have a range of resources now available. The latest discussed with Judy Drucker, Senior Director, Los Angeles County Economic Development Corporation, LAEDC, www.LAEDC.org

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Special report on the coronavirus impact on Southern California real estate. Home sales plunge in April during the coronavirus lockdowns. Prices tick higher. The outlook on home sales, prices, rent, the mortgage business, affordable housing ideas including co-living apartments discussed with guests: Dr. Frank Nothaft, Chief Economist, Corelogic, Jeff Lazerson, President, MortgageGrader and Orange County Register Columnist, Richard Loring, multifamily housing developer, Director of Design and Construction, Domos Rossmore in Los Angeles. The Dow closes down nearly 400 points as questions are raised about early results reported on an experimental coronavirus vaccine being developed by Moderna.

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