Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks start the week with a pull back after the market's best weekly gain in 45 years. Investors turned cautious after the three day holiday weekend on uncertainty over when the economy will open up again and how much damage the crisis will do to company earnings which start coming out this week. The Dow came in for a closing loss of 329 points    Oil settled lower to $22.41/barrel. The latest on the markets and the economy discussed with Ken Winans, President, Chief Investment Officer, Winans Investments. Cruiseline stocks get hit again as the resumption of cruises is delayed again. The outlook discussed with cruise industry expert Stewart Chiron, President, Cruiseguy.com. Steven Barber, President, Vanilla Fire Productions discusses the coronavirus shutdowns impacting commemorations of one of mankind's greatest achievements: The epic struggle and safe return of the Apollo 13 astronauts after their spacecraft endured an explosion on the way to the moon 50 years ago.

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Another heartbreaking week as the number of coronavirus deaths and cases rise. Consumers and businesses suffer. Unemployment claims spike again while the lockdowns continue. The Fed announces an additional $2.3T of new support for the economy. Stocks close out the holiday shortened week with the best weekly gains in 45 years. Analysis of the latest news and a look ahead with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Business and civic leaders in Beverly Hills respond to the coronavirus crisis. An update from Beverly Hills City Councilmember (former Mayor) Dr. Julian Gold, M.D. The entertainment industry has virtually shut down because of the coronavirus pandemic. Gabrielle Carteris, the president of SAG-AFTRA discusses the union's response and resources.  

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: The Fed rolls out another $2.3 trillion dollars in new lending programs designed to ease the impact of the coronavirus crisis. This after another devastating weekly jobless claims report came in worse than expected at 6.6 million bringing the jobless claims total to nearly 17 million over the past three weeks. The stock market ended the holiday shortened week with a rally. The Dow gained nearly 13% for the week settling at 23,719. The SP500 ended the week up 12.1% to 2,790, its best weekly performance since 1974. The latest news discussed with Art Hogan, Chief Market Strategist, National Securities, Dr. Robert Kleinhenz, Economist, Kleinhenz Economics, L.A. County Supervisor Hilda Solis, former Secretary of the U.S. Department of Labor, Patrick D. Kelly, long time labor leader and union activist, Teamsters Union in Orange County.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks rally on the latest hopes the coronavirus pandemic is easing. The death toll hits new highs and the economic damage on main street continues. Financial markets now brace for the latest report on jobless claims due out Thursday morning. Market analysis from Michael Farr, President and CEO of wealth management firm Farr, Miller & Washington and CNBC contributor. Silicon Beach becomes Silicon stay-home as tech entrepreneurs are hit hard by the current crisis. An update from Josh Berman, co-founder of venture capital firm Troy Capital and co-founder of fintech company Quid which is providing liquidity to pre-IPO shareholders. Tough times in the restaurant business. A conversation with Jacqueline Canter, family owner of L.A's iconic Canter's Deli in the Fairfax district experiencing a Passover unlike any other in the restaurant's 89 year history.

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks rally on optimism the coronavirus catastrophe is showing possible signs of easing in some areas of the world. The Dow shot up 937 a day after posting a closing gain of 1,627 points but the rally fizzled out. The Dow came in for a closing loss of 26 points. It was another volatile day in the oil markets too with oil plunging 9.4% back to $23.63. Gold came off a seven year high, back to $1,683.70/oz. The latest on the markets and the economy discussed with 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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