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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.
Support the show: https://www.frankmottek.com
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.
Support the show: https://www.frankmottek.com