Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks take the worst tumble in more than a month as coronavirus cases surge in the U.S. and Europe. Hopes fade for a new economic stimulus package getting approved by lawmakers in Washington before the November 3rd presidential election. The Dow came in for a closing loss of 650 points after seeing a drop of more than 900 during the trading day. Airlines, cruiselines and casino companies were among the hardest hit. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Vivian Tsai, Chair, College Savings Foundation www.collegesavingsfoundation.org discusses the foundation's annual survey, 529 college savings plans and challenges families are facing in the ongoing pandemic.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks end the week mixed as drama continues in Washington over whether consumers and businesses will get any more rescue money from the government anytime soon as the coronavirus crisis continues. Talks reportedly continue on a stimulus package valued at about $2T dollars. The major averages end the week .5% to 1% lower with the Dow and SP500 snapping three week winning streaks. It's an earlier than ever start to the holiday shopping season for retailers. The retail landscape continues to change with Gap announcing plans to close hundreds of stores over the next several years. An update on retail, business, entrepreneurs and the outlook for the holiday shopping season from Rick Caruso, CEO, Caruso, L.A. business and civic leader, developer of the most successful shopping destinations including The Grove, Americana at Brand and Palisades Village. Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox, discusses the market and the economy as well as the failure of Quibi,

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks meander and end the day higher on the latest signals from Washington on another coronavirus economic rescue package, unemployment claims dropping to a pandemic low, sizzling home sales and the latest earnings news. The 2020 Milken Institute Global Conference: Meeting the Moment wraps up after a week and a half long series of discussions including leaders in government, finance, business, medicine, philanthropy and academia. The conference and the latest news discussed discussed with economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center in Santa Monica. The latest market action and outlook discussed with Gabriel Wisdom, Managing Director of American Money Management and author of Wisdom on Value Investing.   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 end the day higher as investors stay optimistic about  another possible economic rescue package being urgently worked on in Washington. The Dow came in for a closing gain 113 points after rallying more than 300 earlier. The US Justice Department files an anti trust lawsuit against Google's parent company Alphabet. Google shares end the day higher. The earnings parade continues with Netflix, Snap and Texas Instruments in the spotlight after the closing bell. The latest on the markets and the economy discussed with Art Hogan, Chief Market Strategist at National Securities. Todd Hollander, Head of Business Banking and Small Business at Union Bank releases the banks latest survey of small business owners in the ongoing pandemic. Economist Dr. Frank Nothaft, Chief Economist, Corelogic, has the latest report on single family home rents, coming DOWN in the L.A. area, in our Frank discussion on real estate, the

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The latest stock market rally fizzles out as hopes fade on another economic rescue deal in Washington. Stocks moved higher at the opening bell on the latest reading on China's economy show it grew nearly 5 percent in the last quarter. But the ongoing stimulus drama, rising coronavirus case numbers in the U.S. and Europe, along with comments for the Fed's vice chair on the pace of the recovery sent stocks tumbling. The Dow came in for a closing loss of 411 points. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities.  A Los Angeles celebrity dentist previously honored as a KNX Hero for his work with the homeless achieves another milestone. Dr. Jay S. Grossman, Founder and CEO, of the non profit group Homeless Not Toothless, celebrates its 10,000th day of helping homeless veterans. Rob Fried, an Academy Award winner, former top Hollywood studio executive, discusses

Stocks move mostly higher as consumer confidence hits a pandemic high, retail sales move up for the fifth month in a row and stimulus hopes stay alive in Washington. Social media companies come under new scrutiny. LA's job numbers improve as businesses face tremendous challenges in the ongoing coronavirus crisis. Analysis of the latest news impacting the main street economy and Wall Street from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark, Chairman, O'Shares ETFs and Beanstox, Stephen Cheung, Chief Operating Officer, LAEDC, www.laedc.org President, World Trade Center Los Angeles and Joseph Lavorgna, Chief Economist, National Economic Council, Special Assistant to the President.   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 bounce around on an alarming rise in coronavirus case numbers in Europe, unemployment claims rising in the U.S. and ongoing uncertainty over a second economic rescue package from lawmakers in Washington. The Dow plunged more than 300 points during the trading day then briefly moved into positive territory. The rally fizzed out and the Dow came in for a closing loss of 20 points. The 2020 Milken Institute's Global Conference gets underway with theme "Meeting the Moment" bringing together world leaders in business, government, academia and philanthropy. The conference, usually held annually in Beverly Hills, is being conducted virtually for the first time this year due to the pandemic. The latest on the economy, the markets and the conference discussed with economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center. https://milkeninstitute.org/

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Apple takes the spotlight among consumers and investors as the new 5G enabled iPhone 12 models are unveiled at Apple's Hi Speed product rollout event. Apple stock ends the day lower. Stocks pull back on the latest bank earnings and a couple of disappointing reports on potential covid vaccines and treatments. Amazon's self declared shopping holiday Prime Day begins with other retailers piling on with deals creating an early start to the holiday shopping season. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Economist Dr. Frank Nothaft, Chief Economist at Corelogic, discusses the latest Corelogic report showing another spike in mortgage delinquencies as the pandemic continues 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.

Renewed economic stimulus hopes renew a rally on Wall Street while tough times continue on Main Street during the ongoing pandemic. Stocks rack up the best gains seen in months as the White House and congressional Democrats reportedly mover closer to another economic rescue deal. This as thousands of jobs are lost in the airline business and weekly jobless remain alarmingly high at 840K. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, President, Queens College, Cambridge and Kevin O'Leary, mega entrepreneur, business investor a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETF's. L.A. County Assessor Jeffrey Prang discusses property tax relief available for homeowners impacted by recent wildfires and the latest readings on residential as well as commercial real estate values in the Los Angeles area. www.assessor.lacounty.gov 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: Another potential billion dollar disaster is brewing as Hurricane Delta roars through the Gulf of Mexico heading to the Louisiana coastline. At least 90 percent of gas and oil production in the gulf has already been disrupted. The price of oil moves above $41 a barrel. Oil analyst John Kilduff, Founding Partner, Again Capital and CNBC contributor discusses the impact on consumers, businesses and investors. The latest weekly jobless claims come in weaker than expected as coronavirus cases rise again. Work on coronavirus vaccines and treatments continue as President Trump recovers from covid-19. Stocks take another roller coaster ride on the latest back and forth in Washington over a possible coronavirus rescue package. Analysis on the economy and the markets from economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. He also provides a preview o

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.   Support the show: https://www.frankmottek

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.  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. 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. Support the show: https://www.frankmottek.co

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 activit

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.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

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.olearyfinewine

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 Cent

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 Ma

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 Commo

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.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.