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An election week rally on Wall Street sends the major stock averages to near record highs with weekly gains of about seven to nine percent as the political dust continues to settle following Tuesday's election. The October jobs report came in better than expected with hiring coming in at 638K jobs and the nation's unemployment rate moved down to 6.9% from 7.9%. The Fed held the line on its benchmark short term interest rate and pledged more support for the economy. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens 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'Share's ETFs and Beanstox. J.R. Rahn, CEO, co-founder, MindMed discusses so called "Magic Mushrooms" getting new attention in medicine and the business world as Oregon becomes the first state to legalize psychedelic mushrooms for therapeutic use.
Support the show: https://www.frankmottek.com
An election week rally on Wall Street sends the major stock averages to near record highs with weekly gains of about seven to nine percent as the political dust continues to settle following Tuesday's election. The October jobs report came in better than expected with hiring coming in at 638K jobs and the nation's unemployment rate moved down to 6.9% from 7.9%. The Fed held the line on its benchmark short term interest rate and pledged more support for the economy. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens 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'Share's ETFs and Beanstox. J.R. Rahn, CEO, co-founder, MindMed discusses so called "Magic Mushrooms" getting new attention in medicine and the business world as Oregon becomes the first state to legalize psychedelic mushrooms for therapeutic use.
Support the show: https://www.frankmottek.com