Mottek On Money

Mottek On Money (Weekend of October 3rd, 2020)


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President Trump diagnosed with covid-19 and later hospitalized for treatment. In reaction, global markets moved mostly lower including an initial 430 point drop for the Dow Jones Industrial Average before coming in for a closing loss of 134.  A weaker than expected September jobs report also weighed on the market. The Dow briefly moved into positive territory on rising optimism that lawmakers in Washington might still be able to approve more rescue money for the economy including help for pandemic ravaged airline industry. Analysis on the latest moves on Wall Street and the Main Street economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, a.k.a Mr. Wonderful on TV's Shark Tank, mega business investor, entrepreneur, Chairman of O'Shares ETFs. 

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