Mottek On Money

Stocks end the week mixed as drama continues in Washington over whether consumers and businesses will get any more rescue money from the government anytime soon as the coronavirus crisis continues. Talks reportedly continue on a stimulus package valued at about $2T dollars. The major averages end the week .5% to 1% lower with the Dow and SP500 snapping three week winning streaks. It's an earlier than ever start to the holiday shopping season for retailers. The retail landscape continues to change with Gap announcing plans to close hundreds of stores over the next several years. An update on retail, business, entrepreneurs and the outlook for the holiday shopping season from Rick Caruso, CEO, Caruso, L.A. business and civic leader, developer of the most successful shopping destinations including The Grove, Americana at Brand and Palisades Village. Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox, discusses the market and the economy as well as the failure of Quibi, a video streaming service involving some big Hollywood names that's being pulled down after just six months. 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks meander and end the day higher on the latest signals from Washington on another coronavirus economic rescue package, unemployment claims dropping to a pandemic low, sizzling home sales and the latest earnings news. The 2020 Milken Institute Global Conference: Meeting the Moment wraps up after a week and a half long series of discussions including leaders in government, finance, business, medicine, philanthropy and academia. The conference and the latest news discussed discussed with economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center in Santa Monica. The latest market action and outlook discussed with Gabriel Wisdom, Managing Director of American Money Management and author of Wisdom on Value Investing.

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks end the day higher as investors stay optimistic about  another possible economic rescue package being urgently worked on in Washington. The Dow came in for a closing gain 113 points after rallying more than 300 earlier. The US Justice Department files an anti trust lawsuit against Google's parent company Alphabet. Google shares end the day higher. The earnings parade continues with Netflix, Snap and Texas Instruments in the spotlight after the closing bell. The latest on the markets and the economy discussed with Art Hogan, Chief Market Strategist at National Securities. Todd Hollander, Head of Business Banking and Small Business at Union Bank releases the banks latest survey of small business owners in the ongoing pandemic. Economist Dr. Frank Nothaft, Chief Economist, Corelogic, has the latest report on single family home rents, coming DOWN in the L.A. area, in our Frank discussion on real estate, the mortgage business and the economy. 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The latest stock market rally fizzles out as hopes fade on another economic rescue deal in Washington. Stocks moved higher at the opening bell on the latest reading on China's economy show it grew nearly 5 percent in the last quarter. But the ongoing stimulus drama, rising coronavirus case numbers in the U.S. and Europe, along with comments for the Fed's vice chair on the pace of the recovery sent stocks tumbling. The Dow came in for a closing loss of 411 points. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities.  A Los Angeles celebrity dentist previously honored as a KNX Hero for his work with the homeless achieves another milestone. Dr. Jay S. Grossman, Founder and CEO, of the non profit group Homeless Not Toothless, celebrates its 10,000th day of helping homeless veterans. Rob Fried, an Academy Award winner, former top Hollywood studio executive, discusses heading up a Los Angeles based biosciences company ChromaDex and its flagship anti aging product, the outlook for a coronavirus vaccine and how Hollywood production has been impacted by the pandemic. 

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Stocks move mostly higher as consumer confidence hits a pandemic high, retail sales move up for the fifth month in a row and stimulus hopes stay alive in Washington. Social media companies come under new scrutiny. LA's job numbers improve as businesses face tremendous challenges in the ongoing coronavirus crisis. Analysis of the latest news impacting the main street economy and Wall Street from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark, Chairman, O'Shares ETFs and Beanstox, Stephen Cheung, Chief Operating Officer, LAEDC, www.laedc.org President, World Trade Center Los Angeles and Joseph Lavorgna, Chief Economist, National Economic Council, Special Assistant to the President.  

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks bounce around on an alarming rise in coronavirus case numbers in Europe, unemployment claims rising in the U.S. and ongoing uncertainty over a second economic rescue package from lawmakers in Washington. The Dow plunged more than 300 points during the trading day then briefly moved into positive territory. The rally fizzed out and the Dow came in for a closing loss of 20 points. The 2020 Milken Institute's Global Conference gets underway with theme "Meeting the Moment" bringing together world leaders in business, government, academia and philanthropy. The conference, usually held annually in Beverly Hills, is being conducted virtually for the first time this year due to the pandemic. The latest on the economy, the markets and the conference discussed with economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center. https://milkeninstitute.org/events/global-conference-2020 Todd Johnson, President, Beverly Hills Chamber of Commerce discusses the Beverly Hills Back to Business Fall Virtual Collaborative set for October 21st, 2020 including the 2020 Best of Beverly Hills Golden Palm Award honorees. https://members.beverlyhillschamber.com/events/details/beverly-hills-back-to-business-fall-virtual-collaborative-19533 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Apple takes the spotlight among consumers and investors as the new 5G enabled iPhone 12 models are unveiled at Apple's Hi Speed product rollout event. Apple stock ends the day lower. Stocks pull back on the latest bank earnings and a couple of disappointing reports on potential covid vaccines and treatments. Amazon's self declared shopping holiday Prime Day begins with other retailers piling on with deals creating an early start to the holiday shopping season. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Economist Dr. Frank Nothaft, Chief Economist at Corelogic, discusses the latest Corelogic report showing another spike in mortgage delinquencies as the pandemic continues in our Frank discussion on real estate, the mortgage business and the economy. 

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Renewed economic stimulus hopes renew a rally on Wall Street while tough times continue on Main Street during the ongoing pandemic. Stocks rack up the best gains seen in months as the White House and congressional Democrats reportedly mover closer to another economic rescue deal. This as thousands of jobs are lost in the airline business and weekly jobless remain alarmingly high at 840K. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, President, Queens College, Cambridge and Kevin O'Leary, mega entrepreneur, business investor a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETF's. L.A. County Assessor Jeffrey Prang discusses property tax relief available for homeowners impacted by recent wildfires and the latest readings on residential as well as commercial real estate values in the Los Angeles area. www.assessor.lacounty.gov

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Another potential billion dollar disaster is brewing as Hurricane Delta roars through the Gulf of Mexico heading to the Louisiana coastline. At least 90 percent of gas and oil production in the gulf has already been disrupted. The price of oil moves above $41 a barrel. Oil analyst John Kilduff, Founding Partner, Again Capital and CNBC contributor discusses the impact on consumers, businesses and investors. The latest weekly jobless claims come in weaker than expected as coronavirus cases rise again. Work on coronavirus vaccines and treatments continue as President Trump recovers from covid-19. Stocks take another roller coaster ride on the latest back and forth in Washington over a possible coronavirus rescue package. Analysis on the economy and the markets from economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. He also provides a preview of the 2020 Milken Institute Global Conference: Meeting the Moment which is set to start next week. 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. The latest stock market rally fizzles out after President Trump announces talks between the administration and house Democrats on a new economic rescue package are over until after the November 3rd presidential election. The Dow, which had been higher in triple digits earlier on stimulus hopes, closed down 376. Airline stocks among the big losers. Airlines among the coronavirus ravaged industries which had been counting on additional government help to head off another round of job and salary cuts. Analysis of the latest market action and impact on the main street economy with Art Hogan, Chief Market Strategist, National Securities. Home prices continue to hold up in the face of the ongoing pandemic. The latest report discussed with economist Dr. Frank Nothaft, Chief Economist, Corelogic in our Frank discussion on real estate, the mortgage business and the economy.

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