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Trade war worries flare again as the U.S. and China lock horns over U.S. tariffs. Stocks slip from recent highs. Rising rents translate to rising homeless in Los Angeles. The People Concern is among the groups reaching out to the homeless. Mortgage rates tick up to the second highest seen so far in 2018. The founders of Silicon Beach companies Headspace and FIGS are among the winners of the EY Entrepreneur of the Year Awards for Greater Los Angeles.
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Tech stocks lead the latest rally but investors are cautious on more trade war talk and President Trump's planned summit with North Korean leader Kim Jong Un. NASDAQ hits a record high. Dow stands at a three month high. Apple unveils no new hardware at its World Wide Developers Conference. IBM rolls out the newest version of the world's most power supercomputer. The Latino Coalition organizes a Small Business conference in Orange County.
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The national unemployment hits an 18 year low of 3.8%. Stocks end the holiday shortened week with a rally. The latest LA BizFed survey finds affordable housing moving up on the list of business leaders concerns. Amazing advances continue in the world of biotech. Big names in entertainment and tech gather at the ATT Shape conference at Warner Brothers in Burbank. The legal profession in Los Angeles is hitting high notes thanks to the LA Lawyers Philharmonic.
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Oil comes off a 3 and a half year high but the higher price is reflected at gas pumps over the Memorial Day Holiday weekend. Financial markets are focused on oil, bonds and North Korea. Northwegian Bliss becomes the largest cruise ship to ever dock at the Port of L.A. SpaceX will soon be setting up shop at the Port of L.A. Select LA investment summit brings record interest in foreign investment in Los Angeles. Mortagage rates hit seven year highs.
Support the show: https://www.frankmottek.com
Borrowing costs on the rise as benchmark bond yields to spike to highest since 2011. Uncertainties over US China trade negotiations, North Korea, and Middle East tensions weigh on the stock market. Billionaire, philanthropist, Carlyle Group co founder David Rubenstein gives us his view on geopolitics, private equity, markets, and economy. Automakers gear up for an electric future. Spencer Stone, an American hero on the 15:17 to Paris train urges business people to "Be the spark that ignties change."
Support the show: https://www.frankmottek.com
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