Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Another record shattering day for stocks after a lower start on sluggish stimulus talks in Washington as covid numbers continue to spike to new highs. The latest vaccine news including the start of covid shots in the UK and expectations a covid shot will be approved within days in the U.S. turned the market higher. Tesla ended the day at a new high sending its market cap above $600B. Analysis of the markets, the economy and latest vaccine news with Art Hogan, Chief Market Strategist, National Securities. The latest on real estate, the mortgage business and California property taxes due this week with guests including Dr. Frank Nothaft, Chief Economist, Corelogic, Leslie Appleton-Young, Chief Economist, Calfiornia Association of Realtors and Dan McAllister, San Diego County Treasurer-Tax Collector.  www.sdttc.com  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information

Stocks wrap up the week at record highs as economic stimulus talks resume in Washington following a weaker than expected reading on hiring for the month of November in the face of an alarming rise in coronavirus cases. The latest news on covid vaccines remains encouraging. Analysis on the markets, economy, vaccines and entrepreneurs with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. Top L.A. entrepreneurs are honored at the EY Entrepreneur of the Year Awards for Greater Los Angeles. Among them Dr. Thomas Buttgenbach, co-founder, CEO and President of L.A. based 8minute Solar Energy and Gail Becker, Founder and CEO of L.A. based CAULIPOWER. Jeff Lazerson, President, Mortgage Grader and O.C. Register columnist discusses mortgage rates hitting new lows.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

A record shattering Thanksgiving week for the stock market which saw the Dow soar above 30K for the first time in reaction to the latest coronavirus vaccine news, the start of the presidential transition in Washington and President Elect Biden's selection of former Fed Chair Janet Yellen for U.S. Treasury Secretary. New concerns for the main street economy in the face of rising covid case numbers. Unemployment claims rise for the second week in a row to 778K. Restaurant owners in Los Angeles are outraged over L.A. County's decision to shutdown outdoor dining at restaurants (as well as indoor dining) on the day before Thanksgiving. The holiday shopping season begins. Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Economist Kevin Klowden, executive director, Milken Institute’s Center for Regional Economics and California Center, Los Angeles business and civic leader Rick Caruso, CEO, Carus

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks rally to record highs with the Dow blowing past 30,000 for the first time and closing at a record high above 30K. Investors continued to cheer the latest news on coronavirus vaccines in the face of rising covid cases along with the transition in Washington to President-Elect Joe Biden which is now officially underway. The latest news discussed with Art Hogan, Chief Economist, National Securities. Los Angeles home prices move up 7.7% over the past year, sales activity remains sizzling and mortgage rates hover at or near record lows. The latest on real estate discussed with Dr. Frank Nothaft, Chief Econoimst, Corelogic, Leslie Appleton Young, Chief Economist, California Association of Realtors, Jeff Lazerson, President, MortgageGrader.com and OC Register Columnist. KNX traffic anchor and Gi's of Comedy comedian Thom Tran tells us about The Laugh Factory in Hollywood continuing a Thanksgiving tradition this

Mottek on Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: Tough times have hit the restaurant business in LA this holiday season. The state imposed a nearly statewide nighttime curfew from 10pm to 5am over the weekend. And now Los Angeles County has ordered all outdoor dining at restaurants across LA County shut down starting Wednesday, November 25th (the day before Thanksgiving) and no on-site dining (indoor or outdoor) will be permitted for at least three weeks due to an alarming spike in Covid cases. The business impact on the restaurant business discussed with celebrity chef and global restauranteur Wolfgang Puck whose restaurant empire includes Spago, Cut, Chinois and Wolfgang Puck Catering. Stocks start the week higher on the latest positive Covid vaccine candidate news, this time from drug company AstraZeneca.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Another week for the record books on Wall Street with the latest coronavirus vaccine news sending the Dow up to its first record high close since the vicious bear market sell off at the start of the pandemic. After closing just below 30K on Monday, stocks ended the volatile week mostly lower as alarming coronavirus case numbers prompted new business restrictions including a 10pm to 5am curfew in California at the start of Thanksgiving week. Many restaurant owners are outraged. The latest discussed with Chef Wolfgang Puck, creator of a global restaurant empire including Spago, Cut, Chinois and Wolfgang Puck Catering. The job picture improves dramatically in Los Angeles since the pandemic shutdowns early in the year. The latest on the L.A. economy discussed with Bill Allen, President/CEO, LAEDC. www.LAEDC.org  The latest on the markets and the economy with Art Hogan, Chief Market Strategist, National Securities and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. 

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks end higher on new stimulus hopes after coming under pressure early in the session on alarming coronavirus cases numbers, jobless claims rising for the first time in five weeks and dire warnings from hotels and other industries. Existing home sales surge on record low mortgage rates. The Dow came in for a closing gain of 45 points. California Governor Gavin Newsom announces California is imposing an overnight curfew starting Saturday through December 21st to head off the surge in coronavirus cases. Analysis on the markets and economy from Art Hogan, Chief Market Strategist, National Securities, Kevin Klowden, Executive Director of the Milken Institute’s Center for Regional Economics and California Center. Healthcare related information technology takes a prominent role in the coronavirus crisis. Despite increased demand, health IT faces pressure with jobs on the line and new calls for government help. The

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: After a vaccine fueled rally this month, stocks take a breather pulling back from the record highs achieved in the previous session. The Dow ended with a closing loss of 167 to 29,783. Retail sales ticked up for the fifth month in a row but came in a bit weaker than expected in October. Fed Chairman Jerome Powell told a business conference the surge in covid cases could slow the economy in the months ahead by discouraging consumers from spending. Analysis of the record run up in the stock market and latest on the economy discussed with famed Wharton Business School Finance Professor Jeremy Siegel. California real estate prices hover at or near record highs as mortgage rates hover at or near record lows. The latest readings from Leslie Appleton-Young, Chief Economist and SVP, California Association of Realtors, Dr. Frank Nothaft, Chief Economist, Corelogic, and Jeff Lazerson, President, Mortgage Grader and Orang

Stocks rally on optimism that a coronavirus vaccine will soon be available in the U.S. Covid cases meanwhile rise in all 50 states as authorities warn against having large holiday gatherings in hopes of slowing the spread of the out of control virus.  The SP500 ended the week at a record high. All of the other major averages touched record intraday highs early in the week. Analysis of the markets and the Main Street economy from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Share's ETF's and Beanstox, Economist Robert Kleinhenz, Principal, Kleinhenz Economics, Associate Director of Research, Office of Economic Research, Cal State Long Beach https://cla.csulb.edu/departments/economics/office-of-economic-research/csulb-regional-economic-forum/ Jeff Lazerson, President of Mortgage Grader and OC Register columnist discusses the latest on mortgage rates and a spike in mortgage delinquencies. Armando Castro, Jr., Owner, El Floridita restaurant in Hollywood, discusses the challenges of staying

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks slide as covid cases rise. Fed Chairman Jerome Powell told a conference "the next few months could be challenging" as the virus spreads. Chicago issues a stay-at-home advisory as covid cases there reach a critical point. The Dow closes down 317 points. Weekly unemployment claims hit a new pandemic low of 709K. Analysis of the markets and the economy from Art Hogan, Chief Market Strategist, National Securities, Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center. Cruiseline stock take a choppy ride this week on the latest vaccine and covid news. The latest on the outlook for U.S. cruises with industry expert Stewart Chiron, President, www.Cruiseguy.com  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks touch RECORD HIGHS at the opening bell on news a potential covid vaccine from drug giant Pfizer and German biotech firm BioNTech showed it might be 90% effective at preventing COVID19. Political dust continues to settle after former Vice President Joe Biden was projected the winner of the presidential election over the weekend. President Trump mounts a legal fight over the election results. U.S. coronavirus cases continue to rise at an alarming rate. The Dow closes up 835 points after jumping 1,600 at the opening bell. The Nasdaq ends the day lower by 181 points after hitting record intraday highs. The "economy reopening" stocks rallied while so called "stay at home" tech stocks pulled back. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Kevin Parikh CEO and Chairman of the Avasant Group of companies www.avasant.com and the Avasant Foundation discuss

An election week rally on Wall Street sends the major stock averages to near record highs with weekly gains of about seven to nine percent as the political dust continues to settle following Tuesday's election. The October jobs report came in better than expected with hiring coming in at 638K jobs and the nation's unemployment rate moved down to 6.9% from 7.9%. The Fed held the line on its benchmark short term interest rate and pledged more support for the economy. Analysis of the markets and the economy from 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 on TV's Shark Tank, Chairman of O'Share's ETFs and Beanstox. J.R. Rahn, CEO, co-founder, MindMed discusses so called "Magic Mushrooms" getting new attention in medicine and the business world as Oregon becomes the first state to legalize psychedelic mushrooms for therapeutic use.    Support the show: https://www.frankmottek.com See omnystudi

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The election week stock market rally continues sending all of the major averages near record highs as the presidential election vote count continued in battleground states. The Dow closed up another 543 points, Nasdaq gained 300 and the SP500 ended up 67. Analysis on the markets and the economy from money manager Ken Winans, President, Winans Investments and Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Theresa Miller, CIO, Lionsgate and 2020 Chair of  Innovate@UCLA discusses technology's impact during the pandemic and the 2020 Innovate@UCLA virtual leadership awards on November 12th at 530pm https://www.eventbrite.com/e/innovateucla-executive-leadership-awards-virtual-event-tickets-119294821021 for the first time the event is free and open to the business community https://innovateucla.org/  Dr. Anne Rimoin, Professor of Epidemiology

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks stage a big post election rally as the vote count continues in the undecided presidential race in the battleground states. The Dow jumped more than 700 points during the trading day and came in for a closing gain of 368. The Nasdaq popped 430 points higher. Analysis of the markets, the economy and election impact from Art Hogan, Chief Market Strategist, National Securities. Jamie Court, President, Consumer Watchdog www.consumerwatchdog.org discusses California voters approving Proposition 24, which extends consumer privacy protections. Home prices tick higher again in Southern California. The very latest discussed with Dr. Frank Nothaft, Chief Economist, Corelogic, in our Frank discussion on real estate, the mortgage business and the economy.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks start the new week and new month of November with a rally following the worst week the market had seen in seven months on rising coronavirus cases. Better than expected readings on manufacturing and construction spending gave the market a boost on election eve. The Dow came in for a closing gain of 423 points to kick off a busy week including the Presidential election, a Fed policy setting meeting and the release of the October jobs report on Friday. Analysis of the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. On the main street economy, California voters will decide a measure on the ballot that will impact the so called gig economy in the state, Proposition 22. Geoff Vetter, the spokesman for Yes on 22 and Patrick D. Kelly, long time union leader and activist, delivers the No on 22 message.  Support the show: https://www.frankmottek.com See omnystudio.com/liste

Stocks rack up the biggest weekly loss since the pandemic sell off in March. Money came off the table on rising coronavirus cases in the U.S. and Europe, uncertainty ahead of the November 3rd presidential election and no additional economic rescue money coming from Washington any time soon. The Dow ended the week with a closing loss of 157 points to 26,502, down 6.5% for the week and down 4.6% for October. Big tech stocks including Apple also got slammed with the Nasdaq falling 5.5% for the week and down 2.3% for the month. The economy posted an historic rebound of 33.1% in Q3, weekly jobless claims fell 40K to 751K, a pandemic low.  Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Kevin O'Leary a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETF's and Beanstox. Culver City based mobile video game giant Jam City will serve the community as an early voting center on Monday, Novem

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks snap this week’s losing streak on the latest readings on the economy including a record 33.1% rebound in Q3 GDP, weekly jobless claims -40K to 751K. The Dow posts a closing gain of 139 points. Big tech names including Apple, Alphabet Google, Amazon and Facebook report earnings. Analysis from Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center and Matt Krantz, personal finance and management editor for Investors Business Daily (IBD).  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Josh Yguado, co founder, President and COO of Culver City based mobile video game giant Jam City discusses the company's popularity with gamers in the ongoing pandemic with titles including Harry Potter: Hogwarts Mystery, Cookie Jam and Panda Pop. He also announces Jam City's Culver City headquarters will serve as an official LA County early polling center on Monday, Tuesday, November 2nd, a day before the November 3rd election. The location ideal for the local business community for in person voting or drop off ballots, in an outdoor set up, from 10am to 7pm at 3562 Eastham Drive, Culver City, CA 90232.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks extend this week's slide with the Dow posting a closing loss of 943 points on an alarming spike in covid cases in the U.S. and Europe. France and Germany announce new business shutdowns in response to a second wave of coronavirus. Travel related stocks take another hit. Big tech names move lower as 3 tech company CEO's are grilled before the Senate Commerce Committee. The price of oil pulls back 5.5% even though Hurricane Zeta roared through the Gulf of Mexico and hit the Louisiana coast as a category 2 hurricane. Analysis of the latest market moves and the economy from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, oil analyst, Founding Partner, Again Capital and CNBC contributor.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks move mostly lower on concerns about the rising number of covid cases on the global economy and no additional rescue money coming from Washington anytime soon. The Dow closes down 222 a day after a 650 point closing drop.  The view on the markets and the economy from Maria Bartiromo, veteran Wall Street business news anchor, host of "Mornings with Maria" and "Maria Bartiromo's Wall Street" on the Fox Business network, as well as "Sunday Morning Futures" on Fox News, author of "The Cost: Trump, China and American Revival." Paris among European cities enduring new curfews in the ongoing coronavirus crisis with restaurants and other businesses being impacted. In Paris, Sophie Gayot with global restaurant and entertainment review site www.gayot.com discusses the situation there and the latest innovation seen in the restaurant business fighting to survive the pandemic. Economist Dr. Frank Nothaft Chief Economi