Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks start the day lower as tensions rise between the U.S. and China, billionaire investor Warren Buffett reveals massive recent losses and sells out of his airline stock holdings. The Dow pulled back nearly 400 points in the early going. The market staged a comeback during the trading day led by tech companies and oil stocks as the price of oil rebounded above $20 a barrel. Carnival announced plans to resume some cruises out of several U.S. ports starting August 1st, The Dow came in for a closing gain of 26 points. The latest market actoin and Investing ideas discussed with Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. On the oil rebound, oil analyst John Kilduff, Again Capital, CNBC contributor. On the Carnival story and outlook, cruise industry expert, Cruise Guy Stewart Chiron, President,  www.Cruiseguy.com

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The job picture goes from bad to worse as the economy slips into reverse during the ongoing coronavirus crisis. More pain on main street as the business lockdowns continue but reason to cheer on Wall Street. The stock market saw an impressive rebound in the month of April on government moves to bolster the economy, positive results on experimental coronavirus treatments and efforts to restart the economy. The month of May gets off to a rough start on the latest earnings reports. Special coverage continues with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Stephen Cheung, President, World Trade Center Los Angeles, Executive VP, LAEDC   www.LAEDC.org  and famed Wharton Finance Professor Dr. Jeremy Siegel. Mortgage rates hit record lows. The coronavirus crisis takes a toll on the real estate business. The latest discussed with Jeff Lazerson, President, MortgageGrader and O.C. Register columnist.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Another 3.8 million people get in to unemployment lines over the past week bringing the total to about 30.3 million over the past six weeks. The Fed expands its Main Street Lending Program for small and medium sized businesses. Stocks wrap up April with the biggest monthly gains for the Dow and SP500 since 1987. Today EXCLUSIVE INTERVIEW with the leader of the world's largest leisure travel company, Arnold Donald, CEO, Carnival Corporation, parent company of Carnival Cruise Lines and 8 other cruise brands on the enormous impact of the crisis on the cruise business, travel, consumers and the economy. Art Hogan, Chief Market Strategist, National Securities, on the April stock market rally, latest earnings and whether you should "sell in May and go away." Economist Kevin Klowden, Executive Director, Milken Institute Center for Regional Economics and California Center on potential coronavirus treatments and vaccines as well as the outlook for reopening the economy.

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Mottek On Money Special Edition -  Coronavirus Crisis Bear Market: Stocks rally in the face of another load of tough news including the economic growth sank 4.8% in the first quarter and even larger plunge is expected this quarter. The market cheered some encouraging results of an experimental coronavirus treatment being developed by Gilead Sciences. The Fed held the line on its benchmark short term interest rate at 0% and pledged to bolster its economic rescue measures if needed. The Dow closed UP 532 points. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Tracy Hernandez, Founding CEO, Los Angeles County Business Federation (www.bizfed.org) on how the L.A. business community is coping with the coronavirus crisis with various resources and also helping first responders. Serious health and financial issues for nursing home patients and their loved ones in this crisis discussed with Zoran Basich, elder law attorney and founder of Nursing Home Solutions ( www.nhscare.com ).

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks end the day slightly lower after the latest rally fizzed out on a big drop in consumer confidence and stark assessments of the economy. The number of confirmed coronavirus cases in the United States passed 1 million and the death toll climbed to more than 58,000 nationwide. Peter Schiff, President of EuroPacific Capital, offers his tough assessment on the economy, his outlook on gold, real estate and inflation. Laurie Dhue, certified recovery specialist, national recovery advocate, television host, producer and long time network television news anchor discusses big concerns about alcohol abuse during the coronavirus crisis, its impact on the economy, virtual AA meetings and other resources in Los Angeles. 

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