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A week of manic trading on Wall Street with stocks including GameStop, AMC Entertainment and others soaring after individual investors on the popular free trading app Robinhood heavily bought those stocks in a social media frenzy while Wall Street investors placed big bets against those stocks. The wild moves in the market over the past several trading sessions have led to calls for congressional hearings and regulatory action. While others don't want to see any restrictions or regulations. GameStop shares soared 400% for the week. The Dow wrapped up the week with a closing loss of 621 points to 29,983, its worst week and worst month since October. Expert analysis on the markets and the economy, as well as an explanation of the manic market moves, from Dr. Mohamed El-Erian, President, Queens, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. The L.A. economy is being slowly reopened again this week. The latest from Wilmington-San Pedro L.A. City Councilmember Joe Buscaino and Bill Allen, President/CEO, The Los Angeles County Economic Development Corporation (LAEDC) www.LAEDC.org www.saferatwork.la
Support the show: https://www.frankmottek.com
A week of manic trading on Wall Street with stocks including GameStop, AMC Entertainment and others soaring after individual investors on the popular free trading app Robinhood heavily bought those stocks in a social media frenzy while Wall Street investors placed big bets against those stocks. The wild moves in the market over the past several trading sessions have led to calls for congressional hearings and regulatory action. While others don't want to see any restrictions or regulations. GameStop shares soared 400% for the week. The Dow wrapped up the week with a closing loss of 621 points to 29,983, its worst week and worst month since October. Expert analysis on the markets and the economy, as well as an explanation of the manic market moves, from Dr. Mohamed El-Erian, President, Queens, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. The L.A. economy is being slowly reopened again this week. The latest from Wilmington-San Pedro L.A. City Councilmember Joe Buscaino and Bill Allen, President/CEO, The Los Angeles County Economic Development Corporation (LAEDC) www.LAEDC.org www.saferatwork.la
Support the show: https://www.frankmottek.com