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Volatility spikes as stocks take the steepest weekly dive in eight months on uncertainty over US China trade relations and interest rates. Oil spikes on OPEC deal to cut production. The nation's unemployment rate holds steady at a near 50 year low of 3.7%. Extended market coverage with Mohamed El-Erian, Chief Economic Advisor, Allianz and Art Hogan, Chief Market Strategist, B Riley FBR. The Honorable Willie L. Brown, Jr. California Assembly Speaker Emeritus and former Mayor of San Francisco gives his view on what's ahead for California's economy and business in 2019. Big construction projects expected to get new attention in the new year.
Support the show: https://www.frankmottek.com
Stocks wrap up the best week in about seven years including a one day pop of 618 points on comments from Fed Chair Jerome Powell about the outlook for interest rate hikes. U.S. China trade also in focus. Analysis from Fox Business anchor Maria Bartiromo. Automakers go big at the LA Auto Show with big new SUV's. New housing headwinds. A federal lawsuit and calls for boycotts of Airbnb after the company delisted rentals in Israeli West Bank settlements. Tariffs and a tight job market impact the biggest ongoing transit construction project in the San Gabriel Valley.
Support the show: https://www.frankmottek.com
The holiday shopping season begins in Southern California. Rick Caruso, Master entrepreneur, philanthropist, CEO of Caruso, developer of shopping destinations including The Grove L.A. and the new Palisades Village provides his outlook for the holiday season. Adding to the holiday cheer, gas and oil prices hit new lows for the year. Kurt the Cyberguy previews Cyber Monday 2018 expected to be the biggest online shopping day in history with Apple in the spotlight. Stocks rack up worst Thanksgiving week losses in 7 years with the SP500 ending the week in correction territory.
Support the show: https://www.frankmottek.com
Market volatility continues. Bankruptcy concerns impact California utility PG&E after deadliest wildfire in the state's history. My Frank N Stein discussion on markets and economy with financial commentator Ben Stein who survived the fires in Malibu. West Hollywood set to go big for small business this holiday season. Bevelry Hills goes BOLD for the holidays honoring first responders and working to help neighboring fire storm victims. The LAEDC honors business friendly cities and sees many positives after leading LA's bid for Amazon's HQ2.
Support the show: https://www.frankmottek.com
Stocks rally on the mid-term election results. The Fed holds the line on short term interest rates for now. Analysis from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz and Tyler Mathisen, co anchor CNBC Power Lunch. Beverly Hills goes BOLD to kick off the holiday shopping season. It's a big week for the business of show business and movie lovers as AFI Fest 2018 gets underway in Hollywood.
Support the show: https://www.frankmottek.com
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