Mottek On Money

Cheers on Wall Street as tough times continue on Main Street in the ongoing coronavirus crisis. The major stock market averages post four winning months in a row now with July gains of 2.4% for the Dow, 5.5% for the SP500 and 6.8% for the Nasdaq. Apple jumps 10% on its latest earnings report and settles at a record high, up $40 to $425. Gold settles at a record high just below $2000/ounce. No deal yet in Washington on another coronavirus economic rescue package. New concerns about the pace of the economic recovery. The latest on the markets and the economy discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics, also affiliated with Cal State Long Beach and the Inland Empire Economic Partnership. And, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman O'Share's ETF's and Beanstox.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coroanvirus crisis. Big news after the closing bell: Apple, Amazon, Facebook and Alphabet report earnings which exceeded analysts expectations. Apple stock moves to new highs after hours, above $400. The company announces a 4 for 1 stock split. This after a mixed finish for stocks on the latest tough news on the main street economy including a record contraction in the 2nd quarter, GDP plunged 32.9%, weekly jobless claims moved up for the 2nd straight week to 1.43 million. Gold slipped from a record high settling at $1942.30/oz. Another restaurant chain, California Pizza Kitchen, files for bankruptcy. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities, Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics in Los Angeles and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center.Support the show: https://www

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks pull back just before the closing bell as congress continues to work out details of the next coronavirus rescue package including supplemental federal unemployment benefits. Consumer confidence takes a hit this month. The Dow came in for a closing loss of 205 points. Gold closed at a record high at $1,944.60 after touching $1,974.70. Home prices continue to edge higher but at a slower pace according to the latest S&P Corelogic Case Shiller Home Price Index. The latest report, real estate and mortgage rates discussed with Dr. Frank Nothaft, Chief Economist, Corelogic and real estate agent Jennifer Meyers with Rodeo Realty in Beverly Hills. Casey Mervine, Senior Financial Consultant at Charles Schwab discusses the latest Schwab 2020 Modern Wealth Survey results for Los Angeles.  Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks kick off a busy week with gains as lawmakers in Washington work out details on another round pandemic rescue for consumers and businesses. The Fed is set to start a 2 day policy setting meeting. The big tech companies will report earnings later in the week. The Dow closed up 115. Gold hit a record high of $1941/oz during the trade day and posted a record high closing price, up $33.50 to $1931/oz. Silver closed at $24.50/oz, the highest since 2013. Analysis of the markets and the economy from Art Hogan, Chief Market Strategist, National Securities. New serious concerns raised about coronavirus at the workplace and how those concerns should be addressed. The issue discussed with Patrick D. Kelly, long time voice of organized labor in Southern California, union activist and retired Teamsters Union leader and Labor Law Attorney Thomas Lenz, Partner, Atkinson, Andelson Law Firm, Pasadena, and Instructor at US

More signs that the economic recovery is slowing in the face of alarming coronavirus numbers in California, Florida and most other states. Negotiations continue in Washington on a new coronavirus rescue package. Stocks end the week with a pullback. The Dow slipped 182. Nasdaq dipped 98. Big name tech stocks took a breather ahead of a big week of earnings reports. Gold hits a record high closing price just below $1,900 an ounce. Mortgage rates hit new lows. The latest on the markets and the economy discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, a.k.a. Mr. Wonderful mega entrepreneur/investor on TV's Shark Tank, Chairman of O'Share's ETF's and www.Beanstox.com  Jeff Lazerson, President, Mortgage Grader and O.C. Register Columnist discusses mortgage rates and real estate. Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: More grim numbers on coronavirus case numbers and deaths. Weekly jobless claims tick higher for the first time in about 4 months coming in at 1.4 million. The parent company of retail stores Ann Taylor and Lane Bryant files for bankruptcy protection. New concerns about additional closings of parts of the economy in the face of rising pandemic numbers. Kevin Harbour, President, Biz Fed Institute, www.bizfedinstitute.org the nonprofit educational part of the Los Angeles County Business Federation LA Biz Fed, www.bizfed.org discusses the public private partnership delivering donations of personal protective equipment via www.equipla.org to workers on the front lines of the crisis. Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center provides the latest analysis on the economy, the financial markets and work on potential coronavirus vaccines. www.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Precious metals prices take on a new shine with gold settling at $1843.90/oz, highest since 2011 and silver closed at $21.56/oz, the highest price since 2014. This after the European Union signed off on a nearly $1T coronavirus rescue package for the European economy while the U.S. congress discusses another rescue package which could total at least another $1T. Stocks ended the day mixed. Analysis of the markets and the economy from Axel Merk, currency expert, President, Chief Investment Officer of Merk Investments, manager of the Merk Funds including OUNZ Van Eck Merk Gold ETF www.merkfunds.com The latest on Los Angeles area real estate and rental activity discussed with Curt Northrup, Real Estate Agent, Douglas Elliman in Beverly Hills https://curtnorthrup.elliman.com/ and Dr. Frank Nothaft, Chief Economist, Corelogic www.corelogic.com/    Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Coronavirus case numbers and deaths remain alarming in California and most other states as congress reconvenes to consider new help for consumers and businesses in the ongoing crisis. Some positive news on the work on a possible coronavirus vaccines. Meanwhile, it's a banner day on Wall Street with the tech heavy Nasdaq hitting a record high and the SP 500 going positive for 2020. The Dow posted a closing gain of 9 points. Silver closed above $20 an ounce for the first time in four years. Gold hovers above $1,800 and is within striking distance of its all time high. The latest market action discussed with Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. Jobless claims and unemployment remain alarmingly high in California and with the new business shutdowns over the past week, there are new concerns about the job picture. The latest discussed with Economist Dr. Robert Kleinhenz, Principal, Kle

An alarming spike in coronavirus cases in California and most other states adds to uncertainty about the economic outlook. Consumer confidence retreats this month to near the low since the coronavirus crisis started. Stocks end the week mixed with tech stocks pulling back after hitting record highs. California businesses reach a critical point in the crisis. More major retail chains announce consumers must wear masks in their businesses. An assessment of the main street economy from Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of outdoor shopping destinations including The Grove, Americana at Brand, Commons at Calabasas and Palisades Village. Market analysis from Art Hogan, Chief Market Strategist, National Securities and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETF's. Dr. Abasia Mikhail, M.D., EXER Urgent Care Site Director in Pasadena and La Canada Flintridge discusses the front line coronavirus fight and coronavirus testing at the EXER Urgent C

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks pull back on a mixed bag of earnings and economic reports. The latest weekly jobless claims number comes in 10K below last week but still an alarmingly high 1.3 million. Retail sales rebound in June ahead of the reclosing of many businesses in California and most other states in the face of rising coronavirus cases. The Dow came in for a closing loss of 135 points. The CDC extends the ban on U.S. based cruises. Stewart Chiron, cruise industry expert, President, www.Cruiseguy.com discusses the latest news and outlook for the cruise business. Small businesses continue to be under intense pressure as the crisis continues. The latest challenges discussed with a small business owner weathering the storm: Susan Janson Ping, owner of Kick It Up Dance and Fitness Studio  www.kickitup.com The latest news on the economy and markets discussed with economist Kevin Klowden, Executive Director of the Milken Insti

Mottek On Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: More pain on main street, especially in California where business reopenings were rolled back this week, and more cheers on Wall Street on positive news on possible coronavirus vaccines. The Dow came in for a closing gain of 227 points. Lucy Dunn, President and CEO of the Orange County Business Council https://www.ocbc.org/ updates challenges businesses are now facing, new help for struggling restaurants and the outlook for recovery. Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE discusses the outlook for commercial real estate and releases CBRE's new Tech Talent survey. Economist Dr. Frank Nothaft, Chief Economist at Corelogic discusses an alarming uptick in residential mortgage delinquencies in the pandemic recession.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Critical time for businesses in California after the governor announces the biggest business re-closings since the crisis started. The serious business challenges discussed with Mark Wilbur, President/CEO, Employers Group  https://www.employersgroup.com/ and founding member of the Los Angeles Business Federation, LABizFed http://bizfed.org/ and John Kabateck, California State Director, National Federation of Independent Business, https://www.nfib.com/california/ Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Financial markets are rattled by California Governor Newsom's announcement calling for a rollback of business reopenings in the nation's biggest state because of an alarming rise in coronavirus cases. Stocks rallied early with the Nasdaq hitting record highs and the SP 500 briefly went positive for the year. Both ended the day lower but the Dow held on to a closing gain of 10 points. Among the businesses ordered re-closed, hair salons in Southern California. The business impact discussed with Giuseppe Franco, Owner, Giuseppe Franco Hair Salon in Beverly Hills. Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics discusses the economic impact of the latest announcement. Art Hogan, Chief Market Strategist, National Securities, discusses the latest market moves and outlook.     Support the show: https://www.frankmottek.com

Tech stocks wrap up the week with a record shattering rally with big names including Apple, Amazon, Alphabet, Netflix and Tesla all settling at record highs. The Dow closed up 369 points on reports of more positive early results of an experimental covid treatment as the number of covid cases continue an alarming rise in California and most other states. Gold hovers near a nine year high. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, a.k.a. Mr Wonderful on TV's Shark Tank, Chairman, O'Leary Financial and O'Share's ETF's. Jeff Lazerson, President, Mortgage Grader discusses mortgage rates hitting new lows and Corelogic's prediction that home prices will be coming down by next year for the first time in nearly a decade. Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks post a mixed finish on the latest report on jobless claims and rising coronavirus cases. Tech stocks rallied to new highs. The Nasdaq extended its record shattering winning streak closing up 55 to 10,548. The Dow finished lower by 361 points. Jobless claims over the past week hit a fourth month but still alarmingly high at 1.3M. New concerns about a wave of evictions and foreclosures as unemployment remains stubbornly high and the ongoing coronavirus crisis is raising questions about the pace of the economic recovery. Mortgage rates hit new lows. Home prices edge higher in the latest Corelogic report for Los Angeles.  Analysis from Dr. Frank Nothaft, Chief Economist, Corelogic and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center discusses the latest readings on the economy and updates the urgent work on a coronavirus vaccine. https://milkeninstitute.org/Sup

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: A new gold rush is on as gold hits the highest price in 9 years above $1,800 an ounce and it edges closer to its all time high hit in September 2011. Stocks stage a late rally after a choppy session with the Nasdaq ending at a record high, up 149 to 10,492. The Dow reversed early losses and closed with a gain of 177 points. More tough news on main street with coronavirus cases hitting new daily highs and the national death toll rising to nearly 132,000. 200 year old clothing store chain Brooks Brothers among the latest retailers filing for bankruptcy. Analysis on the economy and the outlook on gold discussed with Axel Merk, President, Chief Investment Officer of Merk Investments, manager of the Merk Funds https://www.merkinvestments.com/ and Peter Schiff, President, EuroPacific Capital https://europacificfunds.com/  Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Wall Street and Main Street: New coronavirus concerns send stocks sliding after a five session run up led by the big tech names. The Nasdaq touched another record high during the trading day on news a record 6.5M people either found jobs or were rehired in May following the coronavirus lockdowns. The rally fizzled on the latest assessments of the economy from Fed officials including San Francisco Fed President Mary Daly who said the unemployment rate underestimates the damage done by the coroanvirus crisis. Tesla stock moves above $1400 for the first time and closes at a new high. Gold hit a nine year high above $1800. The Dow slipped 396. The Nasdaq closed down 90 points from its all time high. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. While the cruise industry remains on pause, Norwegian Cruise Line and Royal Caribbean have announced the formation of a panel of health safety experts to guide the resumption of cruises. Th

Mottek On Money Special Edition covering Wall Street and Main Street: Pre 4th of July fireworks on Wall Street extend into the new week after the three day holiday weekend despite an alarming rise in coronavirus cases in California, Florida and Texas. The Nasdaq hit a record high with big names including Apple, Amazon and Tesla hitting all time highs. China stocks rallied overnight. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Big news for small business owners struggling to survive in the ongoing crisis. The Paycheck Protection Program has been extended. Ben Raju, Deputy District Director of the Los Angeles office of the U.S. Small Business Administration discusses the PPP extension, what small business owners in L.A. need to know, what other programs are available to help, etc. www.SBA.gov  (For EIDL reconsideration requests the email address is: pdc.reconsideration@sba.gov Serial entrepreneur Euwyn Poon, co founder and President of Spin, a California-based shared scoot

Early fireworks on Wall Street on the better than expected June jobs report showing the economy added 4.8M jobs last month and the nation's unemployment rate fell to 11.1%. The market rallied but came off the best levels of the day on new alarming numbers on coronavirus cases in California, Florida and other states prompting some business re-closings and new restrictions for this Fourth of July holiday weekend. Tech stocks drove the latest rally. The Nasdaq finished the holiday shortened week at a record high. Analysis of the markets and the economy with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO. Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of shopping destinations including The Grove, provides an update on retail, restaurants and meeting the new challenges in the coronavirus crisis. Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center updates the urgent work underway to achieve a Co

Mottek On Money Special Edition covering Wall Street and Main Street: Mixed start to the kick off to the second half of 2020 for the stock market. Stocks got an early lift on some encouraging results on a possible coronavirus vaccine from drug giant Pfizer and German biotech partner BioNTech. The latest ADP payroll survey found private employers added nearly 2.4M jobs in June. Manufacturing rebounded in June. An alarming spike in coronavirus cases in California and other states prompts a roll back of some business re-openings. Apple announced the re-closing on many stores in Southern California. The Dow came in for a closing loss of 78 points. Tech stocks continued to rally sending the Nasdaq up 96 to 10,155. Gene Seroka, Executive Director of the Port of Los Angeles and Director of Logistics for the City of L.A. during the coronavirus crisis updates economic activity at the port, trade and the pause in the cruiseline industry. Bryan Perry, Editor, of www.BryanPerryInvesting.com and author of the 25% Cash Mac