Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks end the day higher but off the best levels of the day with tech names including Apple driving the gains. Apple's new product announcements included new Apple Watches, new iPads and Apple One service bundles. Analysis on the markets and outlook from Jim Hausberg, Managing Director, HighTower Advisors, Los Angeles/Beverly Hills. Big help wanted signs are up for cybersecurity professionals. Dr. Rick Hefner, program director for CalTech's Center for Technology and Management Education discusses the partnership between CalTech and Fullstack Academy providing a training program for cybersecurity jobs. https://ctme.caltech.edu/programs-for-individuals/cybersecurity-open/cybersecurity-bootcamp-open  A new report on single family home rents shows they are coming down in Los Angeles. The latest report in our Frank discussion on real estate and the mortgage business with Dr. Frank Nothaft, Chief Economist, Corelogi

Mixed finish to a volatile Labor Day holiday shortened week on Wall Street with the Nasdaq racking up its biggest weekly loss since March. Big tech names led the market lower sending the Nasdaq down 4.1%, S&P500 down 2.5% and the Dow down 1.7% for the week. The latest market action and the main street economy discussed with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, investor, Chairman, O'Shares ETF's, Beanstox and Kevin O'Leary Fine Wines. The latest news on the economy and coronavirus vaccine work discussed with Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Thousands of CalFire firefighters are now fighting the worst fires in California history after taking a pay cut due to the state's coronavirus budget crisis. The latest discussed with Tim Edwards, President, CalFire Union Local 2881 www.calfirelocal2881.org   Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy i

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Today's special focuses on National Addiction Recovery Month, held every September to focus nationwide attention on treatment and mental health services which are even more urgently needed during the current pandemic. Guests: World renowned attorney Robert Shapiro, Senior Partner, Glaser Weil Law Firm, Los Angeles, Chairman, Brent Shapiro Foundation for Alcohol and Drug Awareness www.BrentShapiro.org co-founder LegalZoom and https://bizcounsel.com/ discusses how the pandemic has impacted the foundation, the legal profession, small businesses and companies fighting insurance giants for relief under business interruption policies. Laurie Dhue, former network television news anchor, national recovery advocate and recovery coach discusses her journey, an increase in substance abuse in Los Angeles during the pandemic, economic impact and available resources.   Support the show: https://www.frankmottek.com See om

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Just another manic Tuesday for the stock market coming off a three day holiday weekend. Tech stocks led the sell off with the Nasdaq now seeing its fastest ever correction, again, for the second time this year, pulling back 10%+ from its most recent all time high. The Dow dropped 632 points. The SP500 gave back 95 and the Nasdaq closed down 465, both pulling back for the third session in a row from record highs. Analysis from Art Hogan, Chief Market Strategist, National Securities. Serious mortgage delinquencies spike nationwide. The latest report directly from economist Dr. Frank Nothaft, Chief Economist, Corelogic for our Frank discussion on real estate and the mortgage business. Reaction and the latest on rates from Jeff Lazerson, President, MortgageGrader.com and OC Register columnist.   Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.

Stocks wrap up a record shattering week with a turbulent couple of days ahead of the three day Labor Day holiday weekend. The week wrapped up with a better than expected August jobs report showing the economy regained 1.4 million jobs and the nation's unemployment rate dropped to 8.4% from 10.2% in July. Stocks initially reacted positively to the report and moved higher at the opening bell following the worst one day market plunge since June which sent both the Nasdaq and S&P500 off record highs. But the market saw another burst of volatility Friday with the Dow closing down 159 points, rebounding from a drop of more than 600. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, President-Elect, Queens College Cambridge, Joseph Lavorgna, Chief Economist, National Economic Council, Special Assistant to the President, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETF's. Top labor union leaders share thei

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks touch new highs then pull back in what turned out to be the steepest one day sell off in about 3 months. The Dow made a run for it's previous record high close and got just about 300 points away from it before plunging 1,025 and came in for a closing loss of 808. The Nasdaq and SP500 started the day at record highs, pushed higher after the opening then also pulled back during the trading day with Apple and other big tech names leading the way lower. The Nasdaq slid nearly 600 points and the SP500 closed down 126. The weekly jobless claims dropped nationwide by 130K to 881K but moved up in California by 40K. Analysis on the markets and the economy from 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. Support the show: https://www.frankmottek.com See omnystudio.com/policie

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks kick off the new month of September with record highs for the Nasdaq and S&P 500. The Dow moved further into positive territory for 2020 and now stands about 900 points below its all time high. Zoom Video Communications stock soared 41% lifting other so-called work from home stocks higher. Walmart stock moved up after launching a new membership service called Walmart+ which the world's largest retailer hopes will compete with Amazon Prime. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. Dan McAllister, Treasurer/Tax Collector, San Diego County discusses real estate, the economy and some relief for taxpayers having trouble paying property taxes due to the coronavirus crisis. https://www.sdttc.com Dr. Frank Nothaft, Chief Economist, Corelogic, shares the latest report on home price growth in our Frank discussion on real estate and the mortgage business.

Another week for the record books on Wall Street with both the S&P500 and Nasdaq at all time highs. The Dow is having its best August since 1984 ending the week positive for 2020 and now just 3% below its all time high. Markets digest a change in Fed policy on inflation announced over the past week. On Main Street, job concerns mount as more companies announce layoff plans and the weekly jobless claims hold above 1 million. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, President-Elect, Queens College, Cambridge, England and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Share's ETFs and Beanstox. California's governor unveils a new process for reopening businesses that is slower and more gradual than what the state tried earlier this summer. Some business owners find the new system frustrating and confusing. The situation discussed with celebrity hair stylist Giuseppe Franco owner of Giuseppe Franco H

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. The U.S. oil and gas industry takes a near direct hit from Hurricane Laura slamming in to the U.S. gulf coast packing 150 mph winds. Damage assessment at refineries, oil platforms and other installations continues. The price of oil hovers near a six month high above $43/barrel. The latest from oil industry analyst John Kilduff, Founding Partner, Again Capital and CNBC contributor. Stocks post a mixed finish with the Dow going positive for the year and the SP500 closing at a record high. Unemployment lines got shorter by 98K over the past week but remained just above 1 million. The Federal Reserve announces a major change in policy allowing the fed to keep its benchmark interest rates low even if inflation exceeds the fed's 2% target. New developments on coronavirus vaccine, treatment and testing. Analysis from Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics an

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks finish mostly higher with both the Nasdaq and S&P500 closing at record highs. The Dow slipped from a six month high. The market took a roller coaster ride on a mixed bag of news on the economy including the latest consumer confidence reading from the Conference Board showing sentiment down for the second month in a row sending it to a new pandemic low. New home sales posted the best gain since 2006 last month. The U.S. and China affirmed the phase one trade deal. The price of oil closed above $43/barrel, the highest price in nearly six months as Hurricane Laura threatens oil installations in the Gulf of Mexico. L.A. home prices have ticked higher while Bay Area prices have softened. Analysis from Art Hogan, Chief Market Strategist, National Securities, John Kilduff, Oil Analyst, Again Capital, CNBC Contributor, Dr. Frank Nothaft, Chief Economist, Corelogic, Sean Fulp, Executive Managing Director, Los Ang

Banner week for the stock market. The shortest bear market in Wall Street history comes to an end with the SP 500 closing at a new high for the second time in a week, marking an impressive rebound from the vicious bear market low hit on March 23rd as the coronavirus ravaged the economy. Tech stocks including Apple hit new highs sending the Nasdaq to an all time high. Unemployment lines got longer over the past week with new claims topping 1 million again. Congress remains deadlocked on another coronavirus economic rescue package. Some university campuses reverse course and go from in person instruction to virtual classes after coronavirus cases flare up. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economist, Allianz, former PIMCO CEO in Newport Beach and President-Elect, Queens College, Cambridge, England and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, Chairman of O'Share's ETF's and Beanstox.   Support the show: https://www.frankmottek.com See omn

Mottek On Money Special Edition covering Wall Street and Main Street during the Coronavirus Crisis: New concerns about the economic recovery as unemployment lines get longer again as congress is deadlocked on another round of coronavirus rescue funds. The weekly jobless claims moved above one million again to 1.1 million after dipping below a million last week. Stocks started the day lower, but finished higher with tech stocks leading the way. The Nasdaq closed at a record high. Tesla closed at a record high above $2000 for the first time. Analysis from economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Some cruises have resumed in Europe. The very latest from cruise industry expert, Cruise Guy Stewart Chiron, President, www.Cruiseguy.com The Method Fest Film Festival has pivoted to a drive-in format this year.  Actor and film producer Dennis Ostermaier, who also stars in his film “The Jonestown Defense” talks about the innovative www.met

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: It's a day for the record books on Wall Street as the SP500 closes at a record high for the first time since the crisis and the bear market sell off earlier this year. The broadly based market index settled up 8 points to 3,390 surpassing the previous record high achieved in February. After the fastest bear market sell off in market history, we've now seen the fastest market rebound. The Nasdaq composite also settled a record high, closing up 81 points to 11,211. Market analysis from Art  Hogan, Chief Market Strategist, National Securities. Single family home rents are coming down in L.A. for the first time in years. Economist Dr. Frank Nothaft, Chief Economist, Corelogic, has the latest report in our weekly "Frank" discussion on real estate and the mortgage business. An L.A. firm has taken rent forgiveness to the next level, approving a 90 day rent forgiveness to its tenants, as we hear from Daniel Alexander,

Stocks reach for new highs then retreat after lawmakers in Washington pack it in until after Labor Day without reaching a deal on another rescue package for the coronavirus ravaged economy. The SP500 moved in to new high territory before pulling back, closing down a fraction, putting it about 14 points below the record closing high achieved in February as the covid crisis hit  Gold pulls back for the first time in nine weeks after a record run up above $2000/ounce. Retail sales tick up for the third month in a row. L.A. leads the nation in permanent business closings during the pandemic. The retail landscape continues to evolve. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, and 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 and Commons at Calabasas. Support the show: http

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Unemployment lines got shorter over the past week with the latest weekly jobless claims report coming in below 1 million for the first time in nearly 5 months. Stocks ended mostly lower after the latest rally fizzled out on the continuing stalemate in Washington over the next crisis rescue package. The Dow slipped 80. The Nasdaq gained 30 points.  Government bond yields edged higher. Oil pulled back from the highest seen since March. Gold closed up $21.40 to $1970.40/oz. The U.S. coronavirus death toll exceeds 165,000. Analysis of the markets, the economy and work on coronavirus vaccines with Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center https://milkeninstitute.org/     Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Breaking News: Pink's Hot Dogs, one of L.A.'s popular and successful businesses plans to reopen tomorrow (Wednesday, August 12th) after a nearly five month shutdown. Owner Richard Pink discusses the reopening of the iconic hot dog stand on LaBrea at Melrose, restaurant business challenges, real estate and philanthropy. Mortgage delinquencies jump as the coronavirus crisis continues to take an economic toll. The very latest report from Economist Dr. Frank Nothaft, Chief Economist at Corelogic. Stocks take a wild ride with the SP500 making a run for a record high before pulling back in the final hour of trading. The Dow erased a 350 point gain and closed down 105 points. Gold and silver plunged. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors. Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.

Mixed finish to another record shattering week on Wall Street. Tech stocks slipped from record highs as U.S. China tensions flared. Gold saw a five session run up to record highs and ended the week just below its all time holding above $2000/ounce. The dollar firmed on a better than expected July jobs report showing employers added 1.76 million jobs and the nation's unemployment rate slipped to 10.2% from 11.1% in June. So far no deal in Washington on another coronavirus economic rescue package which could include an extension of supplemental unemployment benefits. Analysis of the markets and the economy with Dr. Mohamed El-Erian, 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, Rick Caruso, Los Angeles business and civic leader, philanthropist, CEO, Caruso, developer of shopping destinations including The Grove, Americana at Brand, Palisades Village and his newest property The Rosewood Miramar Beac

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks end the day higher after bouncing around on the latest earnings news, weekly jobless claims hitting a pandemic low (but still above 1 million) and negotiations continuing in Washington on the next round of pandemic economic rescue efforts. The rally in big tech names including Apple continued sending the Nasdaq to a new high. The price of gold advanced to a record high for the fifth day in a row and moved closer to $2100 an ounce. Analysis on the markets and the economy from Michael Cuggino, President, Permanent Portfolio Family of Funds and Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stock edge higher after a see-saw session with tech names including Apple hitting record highs. The Nasdaq continued its record winning streak finishing the day at an all time high. Negotiations continue in Washington on a new coronavirus rescue package for the economy. Corelogic forecasts lower real estate prices in the year ahead. The price of gold closes at a record high above $2000 an ounce, settling at $2021 an ounce. The dollar slipped overseas and government bond yields moved lower. The record shattering day for gold, the markets, the economy and real estate discussed with guests including Axel Merk, President and Chief Investment Officer of Merk Investments, manager of the Merk Funds including the VanEck Merk Gold Trust OUNZ  https://www.merkinvestments.com/ Ben Stein, Economist, Financial Commentator, Author. Dr. Frank Nothaft, Chief Economist, Corelogic and Jeff Lazerson, President, Mortgage Grader an

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Tech stocks, including Apple and Microsoft rally to record highs sending the Nasdaq to a record high close. Stocks got a boost on the latest readings on the economy and signs of some progress in Washington on another pandemic rescue package for businesses and consumers. Gold closes at a record high. The latest on the markets and the economy discussed with Art Hogan, Chief Market Strategist, National Securities. A young entrepreneur's success story in downtown Los Angeles. Verlen Mitchell, CEO of www.ShipDistrict.com and Fast & Easy Shipping Services, shares his inspiring story about forming his company and thriving during the pandemic. Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics, also affiliated with Cal State Long Beach and the Inland Empire Economic Partnership, takes a closer look at the latest readings on the economy, jobs and real estate. Support the show: https://www.frankmottek.com S