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May becomes the first losing month of 2019 for stocks on escalating trade tensions between and the US and China and a surprise move by President Trump threatening to impose tariffs on all Mexican imports. Marketwatch columnist Mark Hulbert says exuberance about the record shattering market could also be to blame for the recent sell off. New readings on Southern California home sales and home prices from Corelogic Chief Economist Frank Nothaft. Property tax delinquencies rise in San Diego County. L.A. County voters go to the polls on Tuesday, June 4th to decide Measure EE, a proposed 12 year parcel tax to raise money for the L.A. Unified School District. LA Mayor Eric Garcetti is pushing for it. L.A. business groups including L.A. BizFed, led by founding CEO Tracy Hernandez, are against it.
Support the show: https://www.frankmottek.com
Another volatile week in the financial markets on escalating trade tensions between the U.S. and China. The Dow extends its weekly losing streak to 5, the longest in 8 years. A rally on Friday ahead of the three day Memorial Day Holiday weekend eases some of the week's losses. Analysis from Art Hogan, Chief Market Strategist, National Securities. Student loan debt hits another record high. Washington considers new ideas to ease student debt and promote savings. A new wealth survey finds how much money Angelino's need to have to be considered "wealthy." Retired four-star U.S. Army General Wesley Clark, former NATO Allied Supreme Commander, CEO, Wesley Clark and Associates, and Senior Fellow, UCLA Burkle Center; discusses the impact of US China tensions, sabre rattling in the Middle East and his thoughts on Memorial Day weekend 2019.
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The U.S. and China exchange trade tariff salvos. Financial markets react The Dow starts a volatile week with a 617 point closing loss. Dr. Mohamed El-Erian, global finance influencer, Allianz Chief Economic Advisor, provides his latest assessment on trade, the markets and the economy. Stephen Cheung, President of World Trade Center Los Angeles, reacts to the latest trade drama and previews the upcoming Select LA Investment Summit. Commercial and industrial real estate remain hot in the inland empire largely due to the rise of e-commerce. New innovations in biotech to be discussed at the upcoming BIO international 2019 convention.
Support the show: https://www.frankmottek.com
Uber stock skids on Wall Street on its first day of trading and closes below it's IPO price. Stocks stage a rally after the latest US China trade talks were described as "constructive" by the US Treasury Secretary Mnuchin. The U.S. imposes higher tariffs on $200B of Chinese imports. The SP500 recorded its biggest weekly drop of 2019. Experts in the pension world gather to assess markets and investment returns. A major retailer backs Big Brothers Big Sisters of Greater Los Angeles. Dr Santosh Kesari receives the highest honors from the John Wayne Cancer Institute Auxiliary for giving new hope to cancer patients with his innovative treatments including Rick Muchow, singer and longtime worship leader at Saddleback Church in Orange County.
Support the show: https://www.frankmottek.com
The tech heavy Nasdaq rallies to record highs on the better than expected April jobs report showing the nation's unemployment rate stands at a near 50 year low. The Milken Institute Global Conference 2019 attracts thousands of leaders in business, government and philanthropy to Beverly Hills. Kevin O'Leary, Shark Tank star, entrepreneur, O'Shares ETF founder "Mr. Wonderful" has an upbeat assessment of the markets and the economy. Charlie Gasparino, Fox Business Networks, reports on Tesla's quest to recharge its cash. Dan Beckerman, President/CEO, AEG, discusses the globalization of sports and LA's preps for the 2028 Olympic Games. Billionaire "Eyebrow Queen" Anastasia is honored by ACG-LA and shares her amazing success story. Disney Music Group's Mike Daley receives the Excellence in Mentoring Award from Big Brothers Big Sisters of Greater Los Angeles.
Support the show: https://www.frankmottek.com
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