Mottek On Money

Mottek On Money Special Edition (Monday, November 9th, 2020)


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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks touch RECORD HIGHS at the opening bell on news a potential covid vaccine from drug giant Pfizer and German biotech firm BioNTech showed it might be 90% effective at preventing COVID19. Political dust continues to settle after former Vice President Joe Biden was projected the winner of the presidential election over the weekend. President Trump mounts a legal fight over the election results. U.S. coronavirus cases continue to rise at an alarming rate. The Dow closes up 835 points after jumping 1,600 at the opening bell. The Nasdaq ends the day lower by 181 points after hitting record intraday highs. The "economy reopening" stocks rallied while so called "stay at home" tech stocks pulled back. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Kevin Parikh CEO and Chairman of the Avasant Group of companies www.avasant.com and the Avasant Foundation discusses how technology has evolved for businesses during the pandemic, support for www.innovateucla.org and what's ahead. 

 

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