Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. The latest stock market rally fizzles out after President Trump announces talks between the administration and house Democrats on a new economic rescue package are over until after the November 3rd presidential election. The Dow, which had been higher in triple digits earlier on stimulus hopes, closed down 376. Airline stocks among the big losers. Airlines among the coronavirus ravaged industries which had been counting on additional government help to head off another round of job and salary cuts. Analysis of the latest market action and impact on the main street economy with Art Hogan, Chief Market Strategist, National Securities. Home prices continue to hold up in the face of the ongoing pandemic. The latest report discussed with economist Dr. Frank Nothaft, Chief Economist, Corelogic in our Frank discussion on real estate, the mortgage business and the economy.

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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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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. A positive start to the new month of October and the 4th quarter of 2020 after a volatile month of September and winning 3rd quarter. The high stakes game of deal or no deal continues in Washington over a new coronavirus rescue package as the airline industry sheds thousands of jobs. Market analysis from Art Hogan, Chief Market Strategist, National Securities. The price of oil slides below $40 over demand concerns in the ongoing pandemic. The latest discussed with oil analyst John Kilduff, Founding Partner, Again Capital and CNBC contributor. Mixed signals on the main street economy ahead of the September jobs report and fading hopes on a new stimulus package from congress. The latest readings on the economy and work on coronavirus vaccines from Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center.

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Today the spotlight shines on Orange County with the Orange County Business Council releasing its 2020-2021 Community Indicators Report. The Walt Disney Company makes a tough announcement on laying off 28,000 employees in its theme park division as Disneyland and California Adventure remain closed in Anaheim and Disney theme parks in Florida operate at limited capacity during the ongoing pandemic. The O.C. economy and business scene discussed with Dr. Wallace Walrod, Chief Economic Advisor, Orange County Business Council www.ocbc.org Home prices continue to rise in the L.A.-O.C. area. Dr. Frank Nothaft, Chief Economist, at O.C. based Corelogic shares the latest Corelogic S&P Case Shiller Home Price Index in our Frank discussion on real estate, the mortgage business and the economy. Jeff Lazerson, President, Mortgage Grader and O.C. Register Columnist discusses a booming time for real estate and mortgage activity.

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Mottek On Money Special Edition covering Wall Street and Main Street during the Coronavirus Crisis: A giant in the restaurant business updates us on the challenges restaurants are facing in the ongoing pandemic. Wolfgang Puck, celebrity chef and restaurant empire founder, discusses the current issues in the restaurant business, calls for more help from Washington to save jobs, new calls for insurance companies to honor business interruption coverage, his plans to open two new restaurants in the Los Angeles area this year, the outlook for events, holidays, the catering business and more. www.wolfgangpuck.com Stocks start the week with a rally as investors keep an eye on Washington and the possibility of another covid rescue package coming together. The restaurant sector and the latest market rally discussed with Art Hogan, Chief Market Strategist, National Securities. 

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Volatility on Wall Street. Economic uncertainty on Main Street. Stocks cap a volatile week with a rally sending the Dow up 358 in what turned out to be the fourth losing week in a row for the blue chip index, the longest stretch of weekly losses in a year. The Nasdaq snapped a three week losing streak as tech stocks rebounded giving that index a 241 point gain to close out the week. The markets have bounced around this month in the face of uncertainty about additional pandemic rescue money from congress, concerns about the pace of the economic recovery and an alarming rise in covid cases in the U.S. and Europe. Special coverage of Wall Street and Main Street during the coronavirus crisis continues with guests: Scott Minerd, Global Chief Investment Officer of Guggenheim Partners and Chairman of Guggenheim Investments, philanthropist www.URM.org  Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, investor, business owner, Chair, O'Shares ETF's, Kevin O'Leary Fine Wines www.olearyfinewines.com Tyler Mathisen, co-anchor CNBC’s Power Lunch, Vice President, CNBC Events www.deliveringalpha.com 

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks take another roller coaster ride and end slightly higher a day after a 500+ point closing drop for the Dow Jones Industrial Average. The Dow closed up 52 points. Reports that another coronavirus rescue package is coming together in congress gave stocks a boost in the final hour of trading. Earlier the markets gyrated on the latest reports on weekly jobless claims showing unemployment lines longer by 4,000 over the past week to 870,000. New home sales hit the highest levels since 2006 last month. Market analysis from Ken Winans, President, Founder, Chief Investment Officer, Winans Investments, Forbes contributor and author of numerous books on investing including Investment Atlas II: Using History as a Financial Tool. The latest assessment on the economy and coronavirus vaccine work from economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center.

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks end higher, partially rebounding from the Dow's 500+ point closing drop seen in the previous session. The Dow ended up 140 points, snapping a three day losing streak. Fed Chairman Jerome Powell and US Treasury Secretary Steven Mnuchin appeared before the House Financial Services Committee chaired by Southern California Congresswoman Maxine Waters for an update on the CARES act and other efforts to bolster the economy in the ongoing pandemic. Southern California business leaders are navigating through tough challenges. NBA Hall of Famer, Laker great and L.A. business leader Earvin Magic Johnson is set to address the Provisors networking organization. Matt Toledo, CEO of Provisors, former Publisher of the Los Angeles Business Journal and past chair of the LA Area Chamber of Commerce updates the business community and details the upcoming event. https://www.provisors.com/ On the markets, Art Hogan, Chief Market Strategist, National Securities, discusses what's been a rough month of September for stocks. Economist, Dr. Frank Nothaft, Chief Economist, Coreologic, on our Frank discussion on real estate, the mortgage business and the economy, shares Corelogic's latest report on home equity.

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Another volatile and losing week for stocks in the face of a slowing economic recovery in the ongoing coronavirus pandemic, no deal yet in congress on another economic rescue package, and rising U.S.- China tensions over technology and two popular Chinese owned apps, TikTok and WeChat. Analysis on the markets and the economy as well as some silver linings in the current crisis with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. https://www.project-syndicate.org/commentary/covid-silver-linings-playbook-by-mohamed-a-el-erian-2020-09 L.A.'s largest annual block party cancer research fundraiser pivots to a virtual format this year. Details from Derek Alpert, President of the Concern Foundation for Cancer Research https://www.concernfoundation.org/block-party.html Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of the most successful shopping destinations in Southern California including The Grove, Americana at Brand, Palisades Village, the Commons at Calabasas, provides an update on the L.A. economy, retail, reopening businesses, his view on Prop 15 and more.  https://caruso.com/

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Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks take a roller coaster ride and finish lower. The markets digest the latest readings on the economy including weekly jobless claims pulling back about 33K over the past week to 860K, the Federal Reserve signalling low benchmark rates for several years, the latest efforts in Washington for another covid rescue package and work on a coronavirus vaccine. The Dow finished the day down 130 points, snapping a four day winning streak, after sliding nearly 400 early on and then briefing moving into positive territory during the trading day. Analysis on the markets and the economy from Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center and Art Hogan, Chief Market Strategist, National Securities.

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