Mottek On Money

The Dow racks up on its longest winning streak of the year propelled by an easing of trade tensions between the U.S. and China ahead of scheduled talks next month. The Fed is set to meet in the week ahead and its widely expected policy makers will cut short term interest rates again. Analysis from Gabriel Wisdom, Managing Director, American Money Management. Los Angeles attorney Lessing Gold, Chair, of the MSK law firm's China practice, speaks about the outlook for a U.S. China trade deal. Mortgage rates bounce off multi year lows. Corporate merger and acquisition activity picks up. Movers and shakers in private equity, investment banking and corporate deal making are set to gather for the annual ACG-LA Conference in Beverly Hills. Apple rolls out the new iPhone 11's.

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Stocks rally on the latest readings on the economy and signals on US China trade. Views on the market and economy from market veteran Hugh Johnson, Chairman and CIO, Hugh Johnson Advisors, famed economist Dr. Arthur Laffer, former top economic advisor to President Reagan, father of Supply Side Economics and the Laffer Curve. Mortgage rates move to near record lows. Hurricane Dorian impacts the cruise line business and now cruise companies and even passengers are helping in the hurricane relief efforts in the Bahamas.  Cruise Guy Stewart Chiron has details and an update on new ships coming to L.A. and Long Beach.

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Stocks post gains for the week ahead of the Labor Day Weekend snapping a month long losing streak which took the major averages off record highs. The latest signals on trade from China helped cheer the markets. Bryan Perry, Editor, Bryan Perry Investing and author of The 25% Cash Machine discusses the latest market action and outlook. In Sacramento, the bill that would likely force gig companies such as Uber and Lyft to reclassify their workers as employees rather than independent contractors moves on to the state senate. Sprint rolls out its 5G network in Los Angeles. Labor Day Weekend updates on organized labor from two prominent union leaders; Gabrielle Carteris, President, SAG-AFTRA and Patrick D. Kelly, Secretary-Treasurer, Teamsters Union Local 952, Orange County.

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Rising trade tensions between the U.S. and China spook the financial markets. The Dow wraps up the week with a 623 point closing loss. China announces new trade sanctions on U.S. imports and President Trump responds by raising existing tariffs on $250 billion in Chinese goods to 30% from 25%, and new tariffs on another $300 billion of imports would be 15% instead of 10%. The president criticizes the Fed after the latest speech by Fed Chair Jerome Powell. Extended market coverage with guests including Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Ben Stein, financial commentator, author, economist, Mark Hulbert, Marketwatch Columnist, Publisher, Hulbert Digest, Peter Schiff, President, Euro Pacific Capital.

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A week of wide swings for stocks including the Dow's biggest one day closing drop of the year (-800 points). Financial markets still nervous over escalating US-China trade tensions and the US government bond market flashing a possible recession signal for the first time in more than 10 years. Frank Mottek discusses the big market moves with CNBC Power Lunch Anchor Tyler Mathisen. Funding is approved for the next phase of the Metro Gold Line Foothill Extension in the San Gabriel Valley. Many residents of Beverly Hills and 28 other cities have new choices on their power bills as areas of L.A. and Ventura counties are served by a new energy provider called the Clean Power Alliance. Beverly Hills Councilman Dr. Julian Gold explains the transition and what consumers need to know.

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