Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: Stocks rally to record highs on new stimulus hopes a day after the U.S. Capitol is stormed and congress certifies the election of Democrat Joe Biden as the next President. Tesla shares ride to new highs above $800 driving Elon Musk to the top of the list of the world's wealthiest people passing up Amazon's Jeff Bezos. Bitcoin pops above $40K for the first time. Analysis of the markets and the economy, investment ideas for 2021 and more with Gabriel Wisdom, CEO, Managing Director, American Money Management and Economist Kevin Klowden, Executive Director of the Milken Institute’s Center for Regional Economics and California Center. (Apologies in advance to all of our great listeners for my bout of laryngitis on this edition. 2020 and the roaring start to '21 finally caught up with me!) 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks edge higher on the second day of trading in 2021, with the Dow up 168 points at the close, partially rebounding from the nearly 400 point closing loss the Dow sustained on the first trading day of the new year after a record shattering 2020. Investors were cautious ahead of the U.S. Senate seat run off election results in Georgia which could change the balance of power in the senate. Residential real estate prices continue to surge while commercial real estate stays under pressure in the ongoing pandemic. Analysis of the markets and the economy with Art Hogan, Chief Market Strategist, National Securities, Dr. Frank Nothaft, Chief Economist, Corelogic, www.corelogic.com  Jordan Levine, Chief Economist, California Association of Realtors. www.CAR.org  

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Happy New Year! Stocks close out the tumultuous pandemic year of 2020 at or near record highs with the Dow and SP500 ending all time highs, the Nasdaq closes out the year just below its all time high and sees its a nearly 44 percent gain for the year, its best annual gain since 2009. Gold and silver posted double digit gains for the year as the dollar sank to a 2 1/2 year low against other major currencies. Bitcoin hit a record high above $29,000. Oil wrapped up the year at $48.52/barrel rebounding from the 2020 low of negative $40 during the economic shutdown. Optimism persists for 2021 over new stimulus, Covid vaccines and Fed action. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, John Kilduff, Founding Partner, Again Capital, CNBC contributor, Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. 

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Santa shows up on Wall Street on Christmas eve as stocks end the holiday shortened week slightly higher. Drama continues to play out in Washington over the pandemic economic rescue package and the amount of the direct stimulus checks to individuals. A vote is now set for Monday in congress on increasing the amount from $600 to $2000. The holiday shopping season, the business outlook, retail trends and philanthropy discussed with Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of the most successful outdoor shopping destinations in Southern California including the Grove. www.thegrovela.com www.paralosninos.org www.operationprogressla.org Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center discusses what's next following the hang up of the pandemic stimulus package as covid cases spike. Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETF's and Beanstox discusses the stimulus, the markets, the economy, vinyl music record sales hitting a record high and his doppelganger Post Malone. 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The holiday season, economy, consumers, pandemic, retail trends, education, philanthropy and the outlook for 2021 discussed with master entrepreneur Rick Caruso, CEO, Caruso, Los Angeles business innovator, civic leader and philanthropist, developer of the most successful outdoor shopping destinations in Southern California including The Grove, www.thegrovela.com  Americana at Brand, Commons at Calabasas, Palisades Village, residential properties including 8500 Burton Way www.8500burton.com  and oceanfront hotel in Santa Barbara County, the Rosewood Miramar Beach resort in Montecito www.rosewoodhotels.com/en/miramar-beach-montecito and Chair, USC Board of Trustees www.usc.edu Chair, advisory board of USC Caruso Catholic Center www.catholictrojan.org 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish with the Nasdaq ending the day at a record high. The Dow pulled back 200 points at the close. The financial markets digested the passage of a $900B economic rescue package in Washington, new alarming covid numbers, the latest consumer confidence reading hitting the lowest since May and Apple moving close to a record high on new buzz about a possible Apple car in the works. Analysis on the markets and the economy from veteran market strategist Art Hogan, Chief Market Strategist, National Securities. California real estate sales remain strong while other parts of  the country are seeing a pull back. The latest on real estate discussed with Jordan Levine, Chief Economist, California Association of Realtors. 

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A record shattering week for stocks on the latest assurances from the Fed, the start of covid shots, the FDA approval of a second coronavirus vaccine for emergency use and work on another economic rescue package in Washington. Meanwhile, the coronavirus crisis continues with cases and deaths hitting new highs, business restrictions lead to a jump in jobless claims for the second week in a row and retail sales dipped last month at the start of the holiday season. The latest on the markets and the economy discussed with 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 mega investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. Jeff Lazerson, President, Mortgage Grader and Orange County Register columnist discusses mortgage rates hitting record lows and changes that could allow more consumers access to home loans. Certified Public Accountant Gregg Wind, Partner, Kallman and Logan & Co. CPAs, West Los Angeles, Past-President, LA Chapter of the California Society of CPAs, discusses 2020 year end tax planning.   

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks rally to record highs on signs a $900B pandemic rescue package is coming together in congress and could be approved by this weekend. An FDA advisory panel declares the covid vaccine made by drug company Moderna safe and effective. All this as covid cases and deaths continue to spike and the economic impact continues to be felt with unemployment lines getting longer this past week by more than 20K to 885,000, a nearly four month high. The Dow closes up 149 points to 30,303. Bitcoin hits a record high above $23,000. The latest on the markets and the economy discussed with Art Hogan, Chief Market Strategist, National Securities and Economist Kevin Klowden, Executive Director of the Milken Institute’s Center for Regional Economics and California Center. Our series continues recognizing outstanding entrepreneurs in this pandemic year. L.A. based  Thorofare Capital’s Kevin and Brendan Miller were selected by EY as finalists for the Entrepreneur of the Year 2020 Awards in Greater Los Angeles. Thoroughfare Capital's founder and CEO Kevin Miller discusses the firm, commercial real estate lending in the pandemic and the entrepreneurial spirit in L.A. 

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The FDA approves emergency use of the Pfizer/BioNTech covid vaccine for use in the U.S. as coronavirus cases and deaths continue to surge with the national death toll now approaching 300,000. Jobless claims hit a three month high as new business restrictions kick in. Meanwhile, no deal yet in Washington on a proposed $900B economic rescue package. Stocks pulled back after a record run up in a week which featured the Airbnb IPO, the biggest initial public stock offering of the year. Analysis on the markets and the economy with Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, Mr. Wonderful investor on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. L.A. county hair salons and barber shops endure a third government ordered shutdown because of the ongoing pandemic. The latest discussed with Giuseppe Franco, celebrity hair stylist and salon owner in Beverly Hills. 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish on the latest weekly jobless claims moving up to a three month high on new business shutdowns in the face of a record rise in covid cases, stimulus talks continuing but still no deal in Washington and an FDA advisory committee meeting to approve emergency authorization of the Pfizer - BioNTech covid vaccine (which was given after the closing bell). Airbnb becomes the biggest IPO of the year and the stock soars more than 100% in its Nasdaq debut. The Dow slips 70, Nasdaq gains 67, SP500 closed down 5 points. The latest on the markets and the main street economy discussed with Art Hogan, Chief Market Strategist, National Securities www.yournational.com  John Carroll, Owner Caroll Custom men's clothing in Beverly Hills www.carollcustom.com and Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center www.milkeninstitute.org 

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