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Stocks wrap up Q3 2018 with the best quarterly gain in nearly five years. The Fed bumps up short term interest rates. Mortgage rates touch 7 year highs. Tesla tumbles after the SEC sues to oust company chairman and CEO Elon Musk. Home values rise in L.A. The world gets set to celebrate the 50th anniversary of the first moon landing. A jump in merger deals celebrated at the ACG-LA conference. A leader in entrepreneurial studies at USC has an impressive record of success.
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Record shattering week for stocks with the Dow closing at a new high for the first time since January. The U.S. and China expand trade tariffs raising new concerns about higher prices on many consumer goods. Markets and trade discussed with Art Hogan, Chief Market Strategist, B Riley FBR and Anthony Scaramucci, Founder, SkyBridge Capital. New choices for parents saving for their kid's education. Goodwill Southern California plays an important role in the economy and gears up in a big way for Halloween.
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Stocks touch record highs ahead of the 10th anniversary of the collapse of Lehman Brothers during the 2008 financial crisis, the largest bankruptcy in US history. Guests include Dr Mohamed El-Erian, Chief Economic Advisor at Allianz, Phil Angelides, Chair of the Financial Crisis Inquiry Commission discuss lessons learned during the crisis. Big changes seen in the mortgage business. The economy is celebrated in the San Gabriel Valley.
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The August jobs report finds hiring picked up, wages racked up best annual gains in 8 years, unemployment rate near 18 year low. Stocks end holiday shortened week lower. Tesla tumbles after top accountant resigns and CEO Elon Musk appears to smoke pot during an interview. Leslie Appleton Young, chief economist at the California Association of Realtors gives us the outlook on sales and prices. Prominent L.A. attorney Robert Shapiro leads a national drug prevention effort through the Brent Shapiro Foundation honoring the memory of his son.
Support the show: https://www.frankmottek.com
Stocks wrap up record shattering week with a mixed finish ahead of the Labor Day holiday weekend. The US and Mexico reach a trade deal to replace NAFTA. US negotiations with Canada set to resume after Labor Day. Markets and trade discussed with Wharton Finance Professor Jeremy Siegel and Peter Navarro, Director of the White House National Trade Council. The 3rd annual LA Fleet Week is underway. SAG AFTRA President Gabrielle Carteris, Patrick Kelly, Teamsters Union Local 952, and Rusty Hicks, President, LA Federation of Labor discuss the labor movement on Labor Day Weekend 2018.
Support the show: https://www.frankmottek.com
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