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Stocks wrap up a winning week on a mixed note. Market analysis from Mohamed El-Erian, chief economic advisor, Allianz. Fed Chair Janet Yellen speaks in support of regulations put in place after the 2008 financial crisis. Amazon set to complete its takeover of Whole Foods Markets. Consumers brace for the impact of Hurricane Harvey. Preserving historic buildings is now big business in L.A.
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Stocks end the week with a pullback after the worst one day market drop in 3 months. The Dow and SP500 slide for the 2nd week in a row coming off record highs. A squadron of vintage WW2 planes salute an LA civil aviation giant. Attorney Robert Shapiro has a new business venture and his drug and alcohol abuse prevention work continues with the Brent Shapiro Foundation.
Support the show: https://www.frankmottek.com
Tensions between the U.S. and North Korea rattle financial markets with the Dow and S&P500 pulling back from all time highs. Some big department stores are seeing a drop in sales as more consumers shop online. New resources for small business people in L.A. A Silicon Beach pioneer in eCommerce heads up the parent company of Swagbucks and MyPoints.
Support the show: https://www.frankmottek.com
The Dow extends its record shattering winning streak to nine sessions in a row wrapping up the week at an all time high of 22,093. As rents in L.A. go up, so does the homeless population. The co-presidents of the NFL LA Chargers talk about the economic impact of the Chargers moving from San Diego to L.A. Business people cheer the news that L.A. will play host to the Summer Olympics in 2028. L.A. commercial real estate people remain upbeat despite a sizzling run.
Support the show: https://www.frankmottek.com
The Dow ends the week at a record high close of 21,830 on the latest earnings news and a rebound in the price of oil to just below $50 a barrel. The NASDAQ and SP500 end the week just below the record highs attained earlier in the week. The health care debate continues after the US senate votes down a plan to repeal Obamacare. Orange County moves up on a list of hot areas for tech jobs. Higher rents in L.A. have more people considering buying homes but affordability is a big obstacle. High end real estate agents are trying new ways to cater to clients.
Support the show: https://www.frankmottek.com
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