Mottek On Money

Here comes Santa Claus... Big year end rally continues sending stocks to record highs and the SP 500 within reach of its best year since 1997. A look back at the market's impressive 2019 performance and a look ahead at how the market is setting up for 2020 with Bryan Perry, editor, Bryan Perry Investing and author of the 25% Cash Machine. Mortgage rates head into the new year near historic lows. New California labor laws are set to kick in at the start of 2020 including AB5 which extends employee classification to workers in the gig economy previously classified as independent contractors. Labor law attorney Thomas Lenz, partner, Atkinson, Andelson law firm explains what workers and employers need to know. Teamsters Union Local 952 Secretary Treasurer Patrick D. Kelly discusses AB5 and the outlook on labor issues heading into 2020. Happy New Year!

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Stocks rally to record highs on the latest readings on the economy, consumer confidence and trade deal optimism despite impeachment drama in Washington. The epic 2019 rally and the outlook for 2020 discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Gene Seroka, Executive Director of the Port of Los Angeles and Stephen Cheung, President, World Trade Center Los Angeles react to the phase one US China trade deal and the USMCA trade agreement now moving toward approval in Congress. West Hollywood pawn shop icon Elliott Salter discusses the trend this holiday season of buying second hand items for gifts as he celebrates 50+ years in business. Rich Polemini, Chairman of the College Savings Foundation, says gifting money for education through 529 plans is easier than ever. Jamie Masada, owner of the Laugh Factory, celebrates 40 years of cranking out comedy and continues his holiday tradition of providing a Christmas party with lots of laughs for people without family in Hollywood. KNX traffic reporter and GI's of Comedy star Thom Tran among those who will be performing on Christmas Day.

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The U.S. and China announce a "phase one" trade deal which includes the U.S. dropping plans to impose new tariffs on $160B of Chinese imports beginning December 15th which would have likely boosted prices on consumer products including toys and smartphones. In return, among other things, the U.S. says China agreed to buy $40B a year in U.S. farm products over two years. Stocks hit record highs. Analysis from Art Hogan, Chief Market Strategist, National Securities. Reaction to the trade deal from Mario Cordero, Executive Director, Port of Long Beach. The largest cruise ship in the Carnival Cruise Line fleet is christened at its new home port in Long Beach. Carnival Corporation President/CEO Arnold Donald talks about the historic occasion and the economic impact for the area. The L.A.-area commercial real estate picture looks strong heading into 2020. Spencer Levy, CBRE, Chairman of Americas Research and Senior Economic Advisor, discusses the latest trends.

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Successful entrepreneurs tell their awesome success stories on a Special Edition of Mottek On Money. Betty Porto, co-owner of Porto's Bakeries and Cafe, tells about how her Cuban immigrant family's entrepreneurial spirit created an iconic business in Southern California. Another rags to riches story from billionaire, philanthropist, serial entrepreneur John Paul DeJoria, co founder of Paul Mitchell hair products, Patron Tequila and Rokit Smartphones. Shark Tank panelist Kevin O'Leary highlights some of the most successful entrepreneurs on the show and shares how he got started on the path to business success. The Dean of the Wharton School of Business talks about entrepreneurship in his first interview since being named new Dean of the USC Marshall School of Business.

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Santa shows up early on Wall Street as Santa’s helpers hit the stores. Stocks rally to record highs ahead of the Thanksgiving holiday weekend and the start of the holiday shopping season. Retailers take the spotlight along with US China trade issues. Marketwatch columnist Mark Hulbert discusses market momentum heading into December. Master Entrepreneur, developer, philanthropist, Rick Caruso, CEO, Caruso, creator of shopping destinations including The Grove LA, Americana at Brand and the new Rosewood Montecito Beach Hotel, highlights his successful properties and previews the holiday shopping season. Patrick McClenahan, President, Goodwill SoCal discusses the important role Goodwill plays in the local economy and the popularity of second hand merchandise. Ann Shatilla, Emmy award winning TV journalist and luxury expert details luxury trends this holiday season and an upcoming Beverly Hills Chamber of Commerce event for business people looking to tap the luxury market. 

Support the show: https://www.frankmottek.com