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Stocks rack up record highs ahead of the Fourth of July holiday break. Art Hogan, Chief Market Strategist, National Securities tracks the latest record run up. Stocks put in an impressive performance in the first half of 2019. CNBC's Tyler Mathisen talks about some of the highlights. Home affordability not getting better in Southern California. Robert Hart, CEO, TruAmerica Multifamily, has a bullish outlook on apartment complex investments. The business world mourns the passing of auto industry icon Lee Iaccoca. Beverly Hills business leader John Carroll and family are set to be honored at the Concern Foundation's annual Block Party at Paramount Studios. Concern Foundation President Derek Alpert discusses the biggest fundraising event for cancer research in Los Angeles set for July 13th, 2019.
Support the show: https://www.frankmottek.com
Best of Southern California's entrepreneurs are celebrated at the EY Entrepreneur of the Year Awards for Greater Los Angeles. Tech, media, and health care are among the hot areas for entrepreneurs. Among the finalists, Daniel Rotman, Founder and CEO of LA based Pretty Litter and Paul Yanover, President, Fandango. Jamie Masada, founder of the Laugh Factory comedy clubs shares his great American entrepreneurial success story. Again this year, the Laugh Factory in Hollywood will host the Bob Hope USO Radiothon on July 2nd with KNX traffic reporter, combat veteran, comedian Thom Tran.
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Stocks rack up the best June gains since 1938 with both the Dow and SP500 touching record highs. Oil surges to a weekly gain of 9.2% as the US and Iran face off in the Persian Gulf. The Fed holds the line on short term interest rates but signals a willingness to lower rates in the face of a slowing global economy. LA Biz Fed releases its latest survey on the biggest concerns for L.A. businesses. The first LA Sports Summit is set to begin with an assessment of the economic impact of sports on L.A. A major gift from the family of a TV studio pioneer John H. Mitchell is aimed at educating future leaders in the entertainment industry. The LA Lawyers Philharmonic celebrates 10 years of the L.A. legal profession making beautiful music together and plans on special performances including one with the "Violins of Hope."
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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.
Support the show: https://www.frankmottek.com
Coming off the first losing month of 2019, stocks post the best week of the year so far to kick off the month of June. A disappointing May jobs report has fueled hopes the Fed will cut interest rates. Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, discusses the latest news, outlook on rates and economy. The China California Business Forum brings together top government and business leaders in downtown Los Angeles. Among them: Hon. Zhang Ping, China's Consul General in Los Angeles, California Lt. Governor Eleni Kounalakis and Milken Institute Economist Kevin Klowden. Billionaire philanthropist and serial entrepreneur John Paul DeJoria (Paul Mitchell hair products, Patron Tequila) has a new venture: 3-D ROKiT smartphones.
Support the show: https://www.frankmottek.com
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