Mottek On Money

Concerns about the economic impact of deadly coronavirus spreading in China send stocks moving lower after starting 2020 at record highs. The Dow wraps up the month of January with a 603 point one-day plunge, erasing 2020's gains. The U.K. breaks away from the E.U. in the long awaited "Brexit." The Fed holds the line on short term interest rates. Analysis on the major news of the week from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and extended market coverage with Mark Hulbert, Marketwatch columnist and publisher, Hulbert Digest. Mortgage rates touch three year lows. The legal cannabis business not playing out as expected in California with financial and health concerns being raised. The cannabis outlook discussed with Dr. Kevin Sabet, PhD, Co founder of Smart Approaches of Marijuana, former White House Drug Control Policy Advisor, Author, “Reefer Sanity: Seven Great Myths About Marijuana. He will be a panelist at the free Sheila Kar Health Foundation health seminar on February 8th in Beverly Hills.

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Investors turn cautious as the deadly coronavirus in China spreads causing concerns about health, travel and the global economy. Stocks pull back from record highs achieved over the past week. Analysis from veteran market strategist Hugh Johnson, Chairman, Hugh Johnson Advisors. Stephen Cheung, President, World Trade Center Los Angeles discusses the latest trade developments and outlook. Mark Thorpe, CEO, Ontario International Airport, on the airport's recognition as the fastest growing for the second year in a row. Consumer advocate Ralph Nader, former Green Party presidential candidate, sounds a warning about stock market valuations, discusses top consumer issues of 2020 and his latest book Fake President.

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2020 continues its roaring start on Wall Street with stocks popping to record highs. The markets cheered the signing of the phase one U.S. China trade deal, the U.S. Senate passage of the USMCA trade agreement, strong retail sales and corporate earnings. Art Hogan, Chief Market Strategist, National Securities, discusses the record shattering week and outlook. Gene Seroka, Executive Director of the Port of Los Angeles reacts to the latest trade news. An American hero is honored in Beverly Hills: Astronaut and naval aviator Captain Jim Lovell, commander of Apollo 13 receives the Living Legends of Aviation Award and the Jeff Bezos Freedom’s Wings Award. Steven Barber, documentary film producer, on new plans to honor Captain Lovell for the 50th anniversary of Apollo 13 this year. The 2020 outlook on residential and commercial real estate discussed with Jonathan Lee, Principal & Managing Director, George Smith Partners and Jeff Lazerson, President, Mortgage Grader. LA County Assessor Jeffrey Prang reminds L.A. County homeowners how they can save on their property taxes.

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Stocks extend a record shattering New Year's rally sending the Dow above 29,000 for the first time. Financial markets were briefly spooked after the U.S. and Iran faced off in the MIddle East. The outlook on the markets and the economy discussed with giants in the financial world including Scott Minerd, Global Chief Investment Officer, Guggenheim Partners and Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. The focus of attention now shifts back to trade with President Trump set to sign the phase one US China trade agreement on January 15th. The USMCA trade deal moves closer to approval in the U.S. Senate. Trade issues discussed with Dr. Peter Navarro, Assistant to the President and Director of the Office of Trade and Manufacturing Policy. Aaron Kirman, one of the top real estate agents in the world based in Beverly Hills talks about the luxury real estate market and his new CNBC show "Listing Impossible."  Jeff Lazerson, President, MortgageGrader, says mortgage rates continue to hover near record lows.

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Happy New Year! A roaring start to 2020 for the stock market continuing the record shattering 2019 rally. Stocks hit new highs on the first day of trading in the new year. A surprise U.S. air strike kills Iran's top general sending stocks lower, oil and gold higher on the second day of new year trading. The impact on markets and consumers discussed with John Kilduff, Founding Partner, Again Capital and CNBC Contributor, Mark Hulbert, Marketwatch Columnist, Publisher of the Hulbert Digest and David McAlvany, CEO, McAlvany Financial Group. Wall Street veteran Art Cashin, Director of Floor Operations, UBS, talks about the 2019 rally and a stock exchange new year tradition. Labor law attorney Thomas Lenz has the latest on the new California labor laws in 2020 and their impact at your workplace. Prominent entertainment industry attorney Howard Weitzman discusses Michael Jackson at the top of the latest Forbes magazine list of highest earning deceased celebrities in 2019.

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