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Stocks pop to record highs after Fed Chair Jerome Powell reassures markets the Fed will gradually raise interest rates as the economy grows. The current bull market marks a milestone as the longest in Wall Street history. CNBC's Melissa Lee discusses her new documentary Bitcoin: Boom or Bust. The list of cryptocurrencies gets longer. The retail landscape changes with more Sears and Kmarts going away. All OSH stores are closing. The President/CEO of LA's AltaMed Health Services shares his company's entrepreneural success story.
Support the show: https://www.frankmottek.com
Stocks rally on a report the US and China are about to resume trade talks. The Dow rebounds to the highest seen since February. The US and Turkey continue to lock horns. Allianz Chief Economic Advisor Dr. Mohamed El-Erian gives us his analysis and outlook. The IRS recommends a paycheck check up now that the new tax law has kicked in. California home sales slide as prices touch record highs. Pioneer auto designer Henrik Fisker talks about the future of mobility and his latest ventures.
Support the show: https://www.frankmottek.com
Turkey rattles investors nerves after the Turkish currency plunges against the US dollar. Trade tensions heat up as the US announces a doubling of tariffs on Turkish steel and aluminum imports. The LAEDC cheers Amazon and LA community colleges teaming up for a cloud computing certificate program. The first Milken Institute Calfiornia Policy Summit focuses on big issues including affordable housing. California State Treasurer John Chiang encourages the issuance of Green Bonds to fund major infrastructure projects.
Support the show: https://www.frankmottek.com
Stocks rally on the July jobs report. The Fed holds the line on short term interest rates but signals more rate hikes ahead. Apple stock hits record highs making it the first publicly traded company to reach $1 trillion dollars in market value. Beverly Hills goes BOLD for business and tourism. Housing headwinds continue with sales slipping as home prices and mortgage rates rise. Disneyland reaches a deal with its largest labor unions to raise the minimum wage of employees.
Support the show: https://www.frankmottek.com
Economic growth powers up to 4.1% in the second quarter of 2018. Tech stocks including Facebook, Intel and Twitter get slammed on their latest earnings reports. Dr. Mohamed El-Erian, Chief Economic Advisor at Allianz gives his analysis ahead of next Fed meeting. LA's iconic Pink's Hot Dogs expands. LA home sales tank on higher prices and low inventory. Homes are getting smarter thanks to new technology. LA tops the list in the latest CBRE report on Tech Talent.
Support the show: https://www.frankmottek.com
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