Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market:  A mixed start to the week on Wall Street as businesses and economies slowly reopen while authorities watch the latest coronavirus case numbers and deaths. On Main Street, more bankruptcies among retailers and airlines. Commercial real estate is seeing a big impact as the coronavirus lockdowns continue. Businesses, buildings and offices prepare for the day when people go back to work. An update on what's ahead for the office workplace, commercial real estate, restaurants and more with Ryan Harding, Executive Managing Director, Newmark Knight and Frank in Los Angeles. Stocks see the best month of April in 33 years while the nation's unemployment rate soars to the highest seen since the 1930's in the same month. The disconnect between the Main Street economy and Wall Street, the market outlook and more discussed with Mark Hulbert, Marketwatch columnist and publisher of the Hulbert Digest.

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The coronavirus crisis and its impact on Main Street and Wall Street: The economy gets hit with the worst monthly job loss on record. The U.S. unemployment rate hits the highest seen since the Great Depression as the coronavirus crisis continues. The April jobs report shows 20.5 million jobs lost and the unemployment shot up to 14.7%. Meanwhile, the stock market rallied as coronavirus restrictions begin to ease and the economy begins to slowly reopen. Tech stocks led the rally with the Nasdaq erasing recent losses and turning positive for 2020. Analysis of the week's history shattering news on the economy and the markets with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Art Hogan, Chief Market Strategist, National Securities. The coroanvirus crisis is having an enormous impact on the Los Angeles economy. Bill Allen, President/CEO, Los Angeles County Economic Development Corporation ( www.LAEDC.org  ) discusses unprecedented job losses due to the business lockdowns and resources available to help L.A. businesses. Millions of homeowners are not paying their mortgages during the crisis. The latest discussed with Jeff Lazerson, President, MortgageGrader and OC Register Columnist.  

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Tech stocks lead a recovery on Wall Street as the coronavirus crisis claims another 3.2 million more jobs over the past week. The tech heavy Nasdaq popped above 9000 and erased all of the losses racked up since the dramatic bear market sell off started earlier this year. The Nasdaq, which includes tech companies in demand during the crisis, is now fractionally positive for 2020.  The Dow came in for a closing gain of 211 points and is still down 16% percent since the start of the year. California faces a new state budget crisis with a projected shortfall of $54.3B. Analysis on the markets, economy, jobs, oil, coronavirus vaccine research and more with guests: 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 - Coronavirus Crisis Bear Market: The latest stock market rally fades in the face of an unprecedented wave of job losses. The latest ADP survey reported 20.2 million private sector jobs were lost in April during the massive coronavirus business shutdowns. More tough news on the job front is expected Thursday with the new report on weekly jobless claims and the April jobs report from the Labor Department on Friday is expected to show unemployment at the highest seen since the Great Depression. The Dow ended down 218 points. Tech stocks including Apple and Microsoft held up. The Nasdaq closed up 45. The latest market action and outlook for the economy, consumers, businesses and entrepreneurs discussed with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares Investments, O'Shares ETF's. Dating goes high tech and virtual during the coronavirus crisis. The latest in the business of dating discussed with Laurel House, celebrity dating and relationship coach. Ilysha Buss, Director of Marketing at L.A.'s Original Farmer's Market, lets consumers know what's happening at L.A's iconic Farmers Market at 3rd and Fairfax. It's open for business continuing a tradition at that location since 1934.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks edge higher for the second day in a row as coronavirus business restrictions slowly ease. The Dow closed with a gain of 133 points. Oil stocks rebounded as crude soared 20 percent to close at $24.56/brl. Many businesses and institutions are now filing lawsuits against insurance companies in response to business interruption insurance claims being rejected during the crisis. Among those taking legal action against an insurance giant, the Simon Wiesenthal Center in West Los Angeles which operates the Museum of Tolerance and Moriah Films. Rabbi Marvin Hier, the Founder, Dean, CEO and President of the Simon Wiesenthal Center discusses the lawsuit, the crisis and its impact. On the markets and the economy, analysis from Gabriel Wisdom, Managing Director, American Money Management and author of Wisdom of Value Investing.

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