Stocks end the week at record highs ahead of the three day Valentine’s Day / President's Day holiday weekend. Bitcoin grabs the spotlight after hitting a record high above $48,000 over the past week. Elon Musk's Tesla announced a $1.5B purchase of Bitcoin and plans to accept Bitcoin for vehicle purchases. Other companies including banking giant BNY Mellon announced plans to offer Bitcoin services. Analysis of the markets, the economy and cryptocurrencies from Dr. Mohamed El-Erian, President, Queen's College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox and Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. The premier economic forecast event for the Los Angeles area businesses is set for Wednesday, February 17th. The LAEDC Economic Forecast event will be virtual this year. www.laedc.org One of the keynote speakers, Bruce Katz, Founding Director of the Nowak Metro Finance Lab at Drexel University, previews his presentation on work to achieve a more equitable post pandemic economic recovery for Los Angeles.

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