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2019 has the best new year's start for the stock market in 13 years. The rally continues on easing concerns about the Fed's interest rate path and US China trade. Google announces big plans to move into West L.A.'s Westside Pavilion when the mall is converted to creative office space. The LAEDC releases an earthquake preparedness guide for businesses for the 25th anniversary of the Northridge earthquake. Virtual assistants steal the show at the Consumer Electronics Show this year. An Orange County company has come up with an innovative plan to give consumers incentives to help to get more cars with recalled Takata airbags off the road.
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Happy New Year! Triple digit moves every day so far in 2019 including the Dow's 747 point closing gain in reaction to a blowout December jobs report and plans for the US and China to resume trade talks. Retailers are coming off the best holiday shopping season in years with big gains in online sales. Mortgage rates start the year with a pullback. Southern California business leaders say housing affordability, market volatility and unresolved trade issues are impacting the business climate heading into the new year. Businesses and consumers face new uncertainties in healthcare in 2019.
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Market volatility is back in a big way as 2018 draws to a close with stocks posting their first annual losses since 2008. Stocks take a wild ride racking up the biggest Christmas Eve loss in market history followed by the Dow's biggest one day point gain in market history. Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, discusses the latest market action and outlook for 2019. Oil markets also turn volatile with the price of crude down nearly 20% in 2018. Mortgage rates pull back after hitting 8 year highs in 2018. The Badge of Honor Memorial Foundation comes to the aid families of police officers killed in the line of duty.
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Yes, Virginia. There is a Grinch on Wall Street. Investors are left with a lump of coal just before Christmas as stocks wrap up the worst week in more than seven years with major indexes plunging 7 percent. The Dow posts its worst December since 1931. Tech stocks wipe out this year's gains with the NASDAQ moving into bear market territory. The Fed raises short term interest rates. Factory orders are up for laughs at the Laugh Factory as a holiday tradition continues in Hollywood. Guests include Peter Schiff, EuroPacific Capital, Kevin Klowden, Milken Institute, Jeff Stibel, BryantStibel, Danielle Shay, Simpler Trading, and Jamie Masada, founder, Laugh Factory.
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The Grinch shows up on Wall Street with stocks posting the worst start to any December since 1980. The week ended with the Dow plunging nearly 500 points. Apple and Johnson and Johnson got hammered. The spotlight now turns to the Fed's next move. Santa's helpers are busy at Goodwill Stores and Donation Centers this holiday season. Bitcoin and other cryptos hit new lows for the year. A key figure in the subprime mortgage meltdown gets a standing ovation at a mortgage brokers conference. Corporate social responsibility gets new attention in the age of the #MeToo movement.
Support the show: https://www.frankmottek.com
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