Mottek On Money

Mottek On Money Special Edition covering Wall Street and Main Street : The 2nd quarter of 2020 goes into the Wall Street history books with the best quarterly market performance since 1998 while main street businesses deal with new challenges in the face of rising coronavirus cases. The Dow started the day 100+ points lower but came in for a closing gain of 217 points after testimony by Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin before the House Financial Services Committee focused on the ongoing government response to the coronavirus crisis.The price of gold has closed at $1800 an ounce for the first time since 2011. Oil saw historic volatility over the past 3 months rebounding from a record low of negative $40 to closing just shy of +$40 today. Market analysis from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Oil Analyst, Again Capital, CNBC Contributor. Tracy Hernandez, founding CEO of the Los Angeles Business Federation (LA BizFed), www.BizFed.org discuss

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks start the holiday shortened week with a rally as coronavirus cases move up to the highest seen since the pandemic started. Many states, including California, are retreating or pausing business reopenings in the face of the rising case numbers. The market got a boost from an eye popping jump in pending home sales last month and a big rise in Boeing stock on news the 737 MAX jetliner started FAA certification flights with the goal of resuming service of the grounded jetliner by the end of the year. The Dow came in for a closing gain of 580 points. Analysis of the markets, the economy and real estate from guests: Jim Hausberg, Managing Director, HighTower Advisors, Los Angeles, Dr. Robert Kleinhenz, Prinicipal, Kleinhenz Economics, and Jeff Lazerson, President, Mortgage Grader and O.C. Register columnist.Support the show: https://www.frankmottek.com

Stocks wrap up a volatile week sharply lower as coronavirus case numbers continue to rise to the highest seen since the pandemic started. Some states retreat on aggressive business re-openings as covid cases spike. California is also pausing additional re-openings. The latest coronavirus numbers raising questions about the shape of the economic recovery from the worst downturn since the Great Depression. The Dow ended the week with its worst one day loss in two weeks dropping 730 points. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, Chairman, O'Shares ETF's and O'Leary Financial Group. The Beverly Hills Chamber of Commerce organizes Beverly Hills Back to Business, a virtual collaborative of other area chambers, business and civic leaders to discuss meeting the many challenges facing businesses after the coronavirus lockdowns. The event and the latest news discus

Mottek On Money Special Edition Covering Wall Street and Main Street: Stocks close higher in a volatile session with the focus of attention on the alarming spike in coronavirus cases in California and other states. The weekly jobless claims came in at nearly 1.5M but continued to decline for the 12th week in a row. The latest report on economic growth in the first quarter of 2020 came in at -5%, in line with the previous estimate. The Dow came in for a closing gain of 300 points after posting a loss of more than 200 earlier. Analysis from economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center. Jamie Court, President, Consumer Watchdog discusses the latest consumer issues including nursing homes during the coronavirus crisis and the latest on consumers unable to get their bottle and can deposit refunds in California. Governor Newsom has given retailers another 60-day reprieve on refunding the 5 or 10 cent CRV deposits. Elder Law Attorney Zoran

Mottek On Money Special Edition Special Edition - Covering Wall Street and Main Street: Stocks take the biggest one day tumble in a couple of weeks on an alarming rise in coronavirus cases. New York, New Jersey and Connecticut announced visitors from states (not including California at this point) with high infection rates of coronavirus will be required to quarantine themselves for 14 days when they visit the tri-state region. Meanwhile, California reported more than 7,100 new cases, an all time high. The IMF slashed its global economic forecasts for 2020. The Dow came in for a closing loss of 710 points. The Nasdaq retreated 222 points from a record high. Gold touched an eight year high just shy of $1,800 an ounce. Market analysis from Art Hogan, Chief Market Strategist, National Securities and Axel Merk, President, Chief Investment Officer, Merk Investments, manager of the Merk Funds https://www.merkinvestments.com/about-us/team/axel-merk.phpSupport the show: https://www.frankmottek.com

Mottek On Money Special Edition - Covering Wall Street and Main Street: Tech stocks lead the latest rally propelling the Nasdaq to a record high for the second day in a row. Apple and Amazon among the stocks closing at new highs. Shops and restaurants are reopening in Beverly Hills. The Beverly Hills Chamber of Commerce is set to host the first Back to Business Virtual Collaborative on June 30th including area business and civic leaders. Beverly Hills Mayor Lester Friedman updates the reopenings and previews the event www.beverlyhillschamber.com The Los Angeles Area Chamber of Commerce organizes it annual entrepreneurship and innovation conference BIZCON www.BIZCONSoCal.com for June 24th and 25th. The event and update on LA area business reopenings and issues facing small business owners discussed with Maria Salinas, President and CEO, LA Area Chamber of Commerce www.LAChamber.com On the financial markets, the latest analysis with Ken Winans, President and Founder, Winans Investments www.WinansInvestments.com

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks slide at the opening bell as coronavirus numbers in California, Florida and Texas rise. The Dow was down about 200 in the early going but turned around as big tech companies including Apple began to rally. The Dow came in for a closing gain of 153 points. Apple made some big announcements at its annual World Wide Developers Conference and Apple stock ended the day up $9.15 to a record high close $358.87. Oil hit the highest price seen in about three months above $40 a barrel. Market analysis from Matt Krantz, Personal Finance and Management Editor, Investors Business Daily, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Leary Financial Group and O'Shares ETF's and John Kilduff, Oil Analyst, Again Capital and CNBC contributor. Support the show: https://www.frankmottek.com

Mixed finish to a winning week for stocks as the main street economy gets cranked up again. The Dow jumped nearly 400 points on Friday on reports China was set to buy more U.S. farm products. But the rally faded after Apple announced it was re-closing 11 stores in Arizona, Florida and the Carolinas due to spikes of coronavirus cases in those states. The World Health Organization announced the pandemic is reaching "a new and dangerous phase" as daily cases hit new highs and the global  death toll continues to rise. California records the highest number of coronavirus cases since pandemic began. The Dow posted a closing loss of 209 points and a gain of 1% for the week. The latest on the market and the economy discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. The most popular outdoor shopping destinations in Southern California are reopening. L.A. business and civic leader, philanthropist Rick Caruso, CEO, Caruso, developer of the Grove LA, Americana at

Mottek On Money Special Edition: A wonderful conversation with... Mr. Wonderful himself, Kevin O'Leary, Mr. Wonderful on TV's Shark Tank, Chairman O'Leary Financial Group, O'Shares ETFs, mega entrepreneur, business owner. Awesome insights as we discuss the rise of technology during the coronavirus crisis, how it’s impacting businesses and consumers, new tech tools in media, travel, commercial real estate, and his latest ventures.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition: Consumer advocates discuss what you and your loved ones need to know about health and financial issues related to nursing homes in the coronavirus crisis. Nursing homes have become ground zero of the pandemic with a large percentage of coronavirus deaths reported in elder care facilities. Serious questions are being raised about the level of care found at some of those facilities in California. In addition to the health issues, financial issues are also weighing heavily on consumers looking to afford proper care for their loved ones. The issues discussed with consumer advocate Jamie Court, President, Consumer Watchdog in Santa Monica, www.consumerwatchdog.org And Consumer Advocate and Elder Law Attorney Zoran Basich, founder, Nursing Home Solutions, www.NHSCare.com   Support the show: https://www.frankmottek.com

Mottek On Money Special Edition covering Main Street and Wall Street: Stocks rally on a record 17.7% jump in retail sales last month. The market also got a boost on positive early results of a potential treatment for coroanvirus involving the steroid Dexamethasone and comments from Fed Chairman Jerome Powell stressing the Fed is committed to using all of its tools to cushion economic damage. Restaurants are facing big challenges in this recession and ongoing coroanvirus crisis. The situation discussed with Wolfgang Puck, celebrity chef and owner of restaurants worldwide including Spago in Beverly Hills and Chinois in Santa Monica. Patrick McClenahan, President/CEO, Goodwill Industries Southern California, discusses the reopening of Goodwill stores and donation centers, job training, and consumer bargain hunting.  The Dow closed up 527 points, the latest market action discussed with Gabriel Wisdom, Managing Director, American Money Management and author of Wisdom on Value Investing.  Support the sho

Mottek On Money Special Edition - Main Street and Wall Street:  Stocks slide at the opening bell after the market's worst week since the bear market sell off three months ago. Concerns about a rise in coroanvirus cases now that businesses are reopening after the pandemic lockdowns weighed on global markets. But a late a rally turned the Dow's more than 700 point loss during the trading day to a 158 point closing gain. The latest market analysis from Art Hogan, Chief Market Strategist, National Securities. The U.S. Supreme Court rules the Civil Rights Act of 1964 protects gay, lesbian and transgender people from discrimination in employment. Many legal issues arise as businesses reopen as the coroanvirus crisis continues. The latest discussed with labor law attorney Thomas Lenz, partner at Atkinson, Andelson law firm in Pasadena and lecturer in law, USC Gould School of Law. Jeff Lazerson, President, www.Mortgagegrader.com and OC Register columnist discusses mortgage rates hovering near all time lows and r

Stocks rack up worst week since the bear market sell off in March. A wave of selling hit the market on concerns about rising coronavirus cases in some states and the Fed's latest assessment of the economy. The Dow plunged nearly 1900 points on Thursday, its fourth worst point drop in market history and rebounded 477 points in a volatile session to cap the week at 25,605. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, Chairman, O'Leary Financial and O'Shares ETF's. L.A. area restaurants slowly reopen facing many challenges following the coronavirus lockdowns. The situation discussed with Armando Castro, Jr., Owner, El Floridita Restaurant in Hollywood.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Wall Street and Main Street: Stocks take the biggest one day plunge since the bear market sell off three months ago. The Dow closes down nearly 1,900 points for a closing loss of nearly 7 percent. Markets were rattled by a rise in coronavirus hospitalizations just as the economy begins to reopen, the latest jobless claims report showing another 1.5M people got into unemployment lines over the past week, more store closings and the Fed's latest assessment of a tougher than expected economic road ahead. Analysis of 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

Mottek On Money Special Edition - Covering Wall Street and Main Street: It's another day for the record books as tech stocks rally sending the Nasdaq to a record high close above 10,000. Apple, Microsoft, and Amazon all hit new highs. The Federal Reserve held the line on short term interest rates near zero and signaled no rate hikes expected thru 2022. The Dow bounced around and came in for a closing loss of 282 points on concerns about the recession and rising numbers of coronavirus cases. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors, Los Angeles. L.A. area restaurants are slowly welcoming back dine in guests with strict new health protocols in what has been a tough time during the coronavirus crisis and recent civil unrest. The situation discussed with restaurant owner Jaqueline Canter, co-owner, Canter's Deli in the L.A.'s Fairfax district.     Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - covering Wall Street and Main Street: The New York Stock Exchange and other U.S. stock exchanges hold 8 minutes and 46 seconds of silence in honor of George Floyd coinciding with the beginning of Floyd’s funeral in Houston. Coronavirus cases continue on the rise in California. Tech stocks rally sending the Nasdaq to a record high close for the second day in a row. The Dow pulls back 300 after a six day rally. Bank of America commits $1B in support of local communities to address economic and racial inequality accelerated by the coronavirus crisis. Raul Anaya, Bank of America Market President for Greater Los Angeles discusses the announcement, the economy, diversity, small business lending programs and post pandemic business. Prominent economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics discusses the latest news on the economy, the official recession declaration, outlook on business re-openings, retail and real estate.  Support the show: https://www.frank

Mottek On Money Special Edition -Wall Street and Main Street: Stocks start the week with a rally sending the Nasdaq to a record closing high on growing optimism that the worst of the coronavirus induced recession might have already passed. It was the Nasdaq's first record high close since February 19th and marks an impressive rebound since the fastest ever bear market sell off. The broader S&P 500 turns positive for 2020. The Dow posts at gain of 461 points putting it about 2000 points below its all time high.  All this on the same day the National Bureau of Economic Research officially declared a recession started in February. Travel related stocks including airlines, cruiselines, car rental companies shot higher. Auto stocks moved up including Tesla which hit a record high above $900. The markets and the economy discussed with Bryan Perry, Editor of www.BryanPerryInvesting.com and Economist Christopher Thornberg, Founder, Beacon Economics.  Support the show: https://www.frankmottek.com

Stocks rally on the unexpectedly positive surprises in the May jobs report showing unemployment ticking lower to 13.3% and 2.5 million jobs were added to the economy after the lifting of some coronavirus lockdowns. Most analysts were expecting another big jump in unemployment and another drop in hiring. The Dow closed up 829 points. The Nasdaq touched a new intraday high closing up 198 points, ending the week just three points below its record high. Many business leaders release statements in support of protestors calling for justice in the death of George Floyd and condemning racism.  The latest on Wall Street and Main Street discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, Mr. Wonderful on TV's Shark Tank, Chairman, O'Leary Financial Group, O'Share's ETF's and Beanstox  www.beanstox.com , and John Kabateck, California Director, National Federation of Independent Business www.NFIB.com Support the show: https://www.frankmottek.c

Mottek On Money Special Edition - Main Street and Wall Street: Stock post a mixed finish on the latest weekly jobless claims showing another eye popping jump of 1.88 million new people got in to unemployment lines over the past week. Jobless claims now total to nearly 43 million since mid-March during the coronavirus crisis. That report came out ahead of Friday's release of the May jobs report from the Labor Department which is expected to show the nation's unemployment rate close to 20%, highest seen since the Great Depression. Coronavirus cases continue to rise. New optimism on work to find a coronavirus vaccine. Mass protests continue.  Business leaders are speaking out on justice for George Floyd as well as releasing statements calling for systemic change to fight racism and to address issues including income inequality. The latest discussed with economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Catalina Island is finally reopen

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks rally on new signs the worst of the economic downturn is behind us. This after a calmer night of anti police brutality protests calling for justice for George Floyd. The latest ADP private employment survey showed businesses cut nearly 2.8 million jobs last month but that was much better than the 9 million job cuts analysts were expecting. The Dow came in for a closing gain of 527 points sending it above 26K. Oil moved above 37 dollars a barrel to the highest seen in 3 months, a dramatic bounce back from below zero where it stood in April when demand collapsed and supplies overflowed. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Founding Partner, Again Capital and CNBC contributor. The coronavirus crisis and wave of unemployment has impacted real estate in Southern California. A ground level view of whats happening and outlook discussed with Sean Brunske, with