Mottek On Money

The stock market continues its record run up. The nation's unemployment rate hits the lowest since February 2001 but the economy sheds jobs last month for the first time in 7 years. The latest forecast for L.A.'s South Bay economy is released. New consumer trends in fashion, food and retail. Preparations continue for the legalization of recreational marijuana use in California. Support the show: https://www.frankmottek.com

It's a September to remember for investors as the stock market wraps up the 3rd quarter of 2017 at record highs. Housing affordability gets worse in L.A. with the latest bump up in home prices. Remembering the business legacy of Playboy founder Hugh Hefner who has died in L.A. at the age of 91. More high profile data breaches as National Cyber Security Awareness month begins. Support the show: https://www.frankmottek.com

Another record shattering week for stocks. The Fed signals another rate hike will be coming soon. California's Attorney General issues a consumer alert on the Equifax data breach. September is College Savings Month. The LAEDC honors the most business friendly cities. And it's Frank n Stein as financial commentator Ben Stein joins Frank for a discussion on the markets and the economy.Support the show: https://www.frankmottek.com

Stocks rally to record highs in the aftermath of Hurricane Irma and ahead of an important Fed policy meeting. Apple rolls out the tenth anniversary iPhone, the iPhoneX. Consumers face a nightmare in the Equifax data breach debacle. It's an entertainment industry party weekend for the Primetime Emmy Awards. A conference celebrating corporate mergers is a big deal in Beverly Hills.Support the show: https://www.frankmottek.com

Hurricane Irma is set to become the most expensive natural disaster in U.S. history covering the entire state of Florida. Thousands of cruise ship passengers are affected by the storm. President Trump makes a surprise deal with democrats on the debt ceiling and disaster relief. The revival of Downtown L.A. gets perked up with the opening of a Cuban cafe. Forbes Magazine celebrates 100 years.  Support the show: https://www.frankmottek.com

Tech stocks including Apple rally to record highs. The NASDAQ composite stands at a record high.  Oil prices slip, gas prices spike in the aftermath of Hurricane Harvey in Texas. Los Angeles Fleet Week set to pump up the waterfront economy. Southern California labor leaders talk about issues facing unions on Labor Day weekend 2017.Support the show: https://www.frankmottek.com

Stocks wrap up a winning week on a mixed note. Market analysis from Mohamed El-Erian, chief economic advisor, Allianz. Fed Chair Janet Yellen speaks in support of regulations put in place after the 2008 financial crisis. Amazon set to complete its takeover of Whole Foods Markets. Consumers brace for the impact of Hurricane Harvey. Preserving historic buildings is now big business in L.A.Support the show: https://www.frankmottek.com

Stocks end the week with a pullback after the worst one day market drop in 3 months. The Dow and SP500 slide for the 2nd week in a row coming off record highs. A squadron of vintage WW2 planes salute an LA civil aviation giant. Attorney Robert Shapiro has a new business venture and his drug and alcohol abuse prevention work continues with the Brent Shapiro Foundation.Support the show: https://www.frankmottek.com

Tensions between the U.S. and North Korea rattle financial markets with the Dow and S&P500 pulling back from all time highs. Some big department stores are seeing a drop in sales as more consumers shop online. New resources for small business people in L.A.  A Silicon Beach pioneer in eCommerce heads up the parent company of Swagbucks and MyPoints. Support the show: https://www.frankmottek.com

The Dow extends its record shattering winning streak to nine sessions in a row wrapping up the week at an all time high of 22,093.  As rents in L.A. go up, so does the homeless population. The co-presidents of the NFL LA Chargers talk about the economic impact of the Chargers moving from San Diego to L.A. Business people cheer the news that L.A. will play host to the Summer Olympics in 2028. L.A. commercial real estate people remain upbeat despite a sizzling run. Support the show: https://www.frankmottek.com

The Dow ends the week at a record high close of 21,830 on the latest earnings news and a rebound in the price of oil to just below $50 a barrel. The NASDAQ and SP500 end the week just below the record highs attained earlier in the week. The health care debate continues after the US senate votes down a plan to repeal Obamacare. Orange County moves up on a list of hot areas for tech jobs. Higher rents in L.A. have more people considering buying homes but affordability is a big obstacle. High end real estate agents are trying new ways to cater to clients.Support the show: https://www.frankmottek.com

Another week for the Wall Street record books as tech giants Facebook and Netflix soar sending the NASDAQ and SP500 to all time highs. The Fed gets set to meet again to consider the latest readings on the economy and the next move on interest rates. Consumer advocates take on Amazon alleging the online retail giant misleads consumers about its pricing discounts. Amazon denies the claims. Mortgage rates tick lower sending the average 30 year fixed back below 4%. California's labor commissioner launches a new effort to fight wage theft in the state. Lots of big thinking nowadays when it comes to artificial intelligence and machine learning. Support the show: https://www.frankmottek.com

New readings on the economy suggesting the Fed could delay another interest rate hike rally the stock market. The Dow and SP500 stand at all time highs. The tech heavy NASDAQ had its best week of the year and stands about 30 points below its all time high. Amazon says its Prime Day this year was the biggest sales day in the company's history. Encouraging signs for the Southern California economy as retail, office, commercial and industrial real estate activity remain strong in the L.A. area based on the latest report from commercial real estate giant CBRE. Support the show: https://www.frankmottek.com

Stocks get the second half of 2017 off to a positive start. Oil and precious metals tank. L.A. drivers can expect even lower gas prices coming off the lowest Fourth of July gas price in more than 10 years. New advances in tele-medicine as doctors and patients make use of new smart phone apps. A company based in Culver City, inspired by famous architects, is "building" ice cream sandwiches. And a Persian-American serial entrepreneur helps lead the effort to bring the Freedom Sculpture to Los Angeles. Support the show: https://www.frankmottek.com

Mixed finish to the week capping off a winning first half of 2017 for stocks. The Dow and SP500 had their best first half of a year since 2013 with gains of about 8%. NASDAQ had the best first half year performance since 2009 with a gain of 14%. Beverly Hills celebrates the official grand opening of the newest Waldorf Astoria Hotel. The only family owned theater chain in Southern California celebrates a resurgence of local film making. The biggest cancer research fundraiser in LA is happening at Paramount Studios in Hollywood again this year. Big expansion plans announced by the Bob Hope USO at LAX. Support the show: https://www.frankmottek.com

Mixed finish to a mostly winning week for stocks with healthcare, tech and retail names back in focus. The 73 story Wilshire Grand tower in Downtown L.A., tallest building on the west coast, holds its grand opening. The tower opening is cheered by business leaders as a crowning achievement on Downtown L.A.'s 20+ year renaissance. Ritz Carlton gets into the luxury cruise business. Mortgage rates take a surprising dip to lows of the year. Support the show: https://www.frankmottek.com

Amazon's nearly $14B bid for Whole Foods Markets sends shock waves through the retail world. The Dow ends the week at a record high, 21,384. Analysis from Dr. Mohamed El-Erian, Chief Economic Advisor at Allianz and retail analyst Howard Davidowitz. The leaders of Southern California-based TrackR and HatchBeauty are among the companies honored as EY Entrepreneurs of the Year. Biotech business is getting bigger in L.A. Meanwhile a convention of thousands of biotech leaders gets underway in San Diego. Support the show: https://www.frankmottek.com

The Dow wraps up the week at a record high but tech stocks tank sending the NASDAQ more than 100 points below its all time high. Stocks posted a mixed finish after analysts at Goldman Sachs posted concerns about "a valuation air pocket" among high flying tech names. The upcoming Fed meeting is expected to end with another interest rate hike. The biggest video game industry gathering of the year, e3, comes back to Downtown L.A.Support the show: https://www.frankmottek.com

Another record shattering week for stocks. The Dow, Nasdaq and S&P 500 rally to all time highs on the May jobs report showing the nation's unemployment rate at a 16 year low of 4.3%. Hiring came in weaker than expected at 138K fueling the idea the Fed will not be aggressive in raising interest rates this year. Some surprising results in a new Junior Achievement survey on what teens want to be when they grow up. Another rough week for many retailers with more announced store closings and a bleak outlook for malls as online shopping continues to rise. Support the show: https://www.frankmottek.com

Mixed finish to another record shattering week for stocks. The Nasdaq and SP500 settle at all time highs. The Dow stands about 30 points below its all time high. History is about to be made in Beverly Hills with the grand opening of the new Waldorf Astoria Hotel. The new $200M luxury hotel is expected to give another big boost to the local economy and tourism. The motorcycle business revs up in a big way with new ways to get on a bike thanks to a Southern California based company.Support the show: https://www.frankmottek.com