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The Dow wraps up the week with a 460 point closing drop on new concerns about slowing global economic growth. Investors are spooked by a possible recession signal in the U.S. bond market. Long-term bond yields plunged below short-term ones in what's known as an inverted yield curve. Analysis on the latest developments from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz. An L.A. based tech company is already offering consumers something like a "data dividend" pushed by California Governor Newsom. Democratic Southern California Congresswoman Maxine Waters has set a big consumer agenda as Chair of the House Financial Services Committee.
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Stocks rebound from the worst week of 2019 despite a drop of 10% in shares of Dow component Boeing. China takes new steps to pump up its economy. Progress reported in U.S. China trade talks. Analysis from National Holdings Chief Market Strategist Art Hogan. World Trade Center Los Angeles President Stephen Cheung previews the Select LA trade event and updates the outlook on L.A. China trade. Dan McAllister, San Diego County Treasurer-Tax Collector, tells us about San Diego County's annual property auction. Experts analyze what could be wrong with the Boeing 737 Max jetliners after two recent crashes and the grounding of the fleet.
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Stocks make it five losing days in a row on the February jobs report, showing weaker than expected hiring, capping the worst week for the market so far in 2019. Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, offers market analysis, thoughts on the 10th anniversary of the bottom of the 2009 bear market and where stocks and the economy go from here. The Los Angeles Business Federation, LA Biz Fed, leads a delegation of LA business leaders to Sacramento. Dr. Frank Nothaft, Chief Economist, Corelogic, gives us the latest readings on LA real estate prices, sales and outlook. Plus more insights on mortgage rates and what's hot and what's not in the area's real estate market.
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Reports that a U.S. China trade deal could be signed within a month fuels another stock market rally. Stocks march higher to kick off the new month. Tesla slips into reverse on news the company is closing showrooms and plans to sell cars online. A prominent art gallery in Beverly Hills sees new enthusiasm for investing in work by Picasso. New ideas on saving for a lifetime income. Mortgage rates hold near one year lows. Consumer advocates call for changes in California recycling laws noting consumers are losing out on hundreds of millions of dollars in bottle and can deposit money.
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The Dow racks up longest weekly winning streak since 1995. Optimism over ongoing US China trade talks and new signals from the Fed about showing "patience" when it comes to interest rate moves fueled the latest rally. Josh Welsh, President, Film Independent, talks about Hollywood's biggest weekend including the Independent Spirit Awards. A Korean-American entrepreneur in L.A. taps in to Asian focused beauty products. The LAEDC releases its 2019 economic forecast. Questions raised about a couple of high profile construction projects in Downtown L.A. Celebrity Chef Wolfgang Puck talks about the awesome job of preparing the star studded Governor's Ball dinner after the Oscars. He also shares plans to put up a Frank Gehry designed restaurant in Malibu current site of Gladstones.
Support the show: https://www.frankmottek.com
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