Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Financial markets rally on hope the coronavirus pandemic is starting to stabilize in some places around the world, including New York.  With most of the global economy still shutdown and unemployment seeing a severe spike higher, stocks rallied on hope there's light at the end of the tunnel. The Dow came in for a closing gain of 1,627 points to settle at 22,680, a gain of nearly 8%. Market analysis from Jim Hausberg, Managing Director, Partner, HighTower Advisors, Los Angeles. Bill Allen, President and CEO of the Los Angeles County Economic Development Corporation, discusses the LAEDC's response to the crisis and the resources available at www.laedc.org to help local businesses make it through this unprecedented time. 

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The coronavirus crisis claims millions of jobs and continues to hit the economy hard as the pandemic shutdowns continue. The nation's unemployment rate soars from a 50 year low of 3.5% to 4.4%, employers cut at least 701,000 jobs. The March jobs report came in a day after weekly jobless claims shattered records for the second week in a row reflecting more than 10 million people had applied for unemployment benefits. The first money from the coronavirus rescue package passed by congress begins to flow. Stocks end the week with a pull back. The week's epic news discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Maria Salinas, President/CEO, Los Angeles Area Chamber of Commerce, Jeff Lazerson, President, Mortgage Grader and OC Register Columnist. Business owners adjust to the coronavirus crisis. Among them, long time Los Angeles businessman, philanthropist, Larry Miller, Chief Executive, Sit N Sleep Mattress Stores.

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Mottek On Money Special Edition -Coronavirus Crisis Bear Market: Jobless claims surge to record highs as the shutdown of the economy because of the pandemic sets off an unprecedented wave of layoffs. The Small Business Administration releases details of two business rescue programs including the Paycheck Protection Program. Victor Parker, Los Angeles District Director of the SBA provides the information small business owners need at this critical time. Economist Robert Kleinhenz has the latest assessment of the economy and jobs. And Bryan Perry, Editor of Bryan Perry Investing and author of the 25% Cash Machine discusses the stock market, latest bear market rally, the Dow closing up nearly 500 points as the price of oil sees its biggest one day gain ever, up 25%, back to around $25 a barrel.

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Mottek On Money Special Edition -Coronavirus Crisis Bear Market: Stocks kick off the month of April and the second quarter of 2020 with a pull back on the latest coronavirus news including the official estimate that the pandemic's death toll could reach at least 100,000 in the U.S. More ominous readings on jobs, real estate and manufacturing as the coronvirus shutdowns continue with no firm end in sight. The Dow came in for a closing loss of nearly 1,000 points coming off the worst first quarter for the Dow in market history. The markets and the economy discussed with market veteran Hugh Johnson, Chairman and Chief Investment Officer, Hugh Johnson Advisors. Small business owners struggle during the coronavirus crisis, even those deemed essential. The situation facing many business owners discussed with long time Southern California business owner Mike Diamond, owner, Mike Diamond Plumbing.  

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Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks wrap up a brutal month of March and first quarter of 2020 with losses. The Dow came in for a closing loss of 410 points settling at 21,917, posting a loss of 23.2% for the quarter, its worst quarter since 1987 and the worst first quarter of any year in Wall Street history. Economic storm clouds continue to gather as the global economy is at an unprecedented standstill in the face of the coronavirus pandemic. Has the market bottomed? What's the outlook for the economy in the face of the ongoing pandemic? The markets and the economy discussed with famed Wharton School Finance Professor Jeremy Siegel and Mark Hulbert, Publisher of the Hulbert Digest and Marketwatch columnist.

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