Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks edge higher for the second day in a row as coronavirus business restrictions slowly ease. The Dow closed with a gain of 133 points. Oil stocks rebounded as crude soared 20 percent to close at $24.56/brl. Many businesses and institutions are now filing lawsuits against insurance companies in response to business interruption insurance claims being rejected during the crisis. Among those taking legal action against an insurance giant, the Simon Wiesenthal Center in West Los Angeles which operates the Museum of Tolerance and Moriah Films. Rabbi Marvin Hier, the Founder, Dean, CEO and President of the Simon Wiesenthal Center discusses the lawsuit, the crisis and its impact. On the markets and the economy, analysis from Gabriel Wisdom, Managing Director, American Money Management and author of Wisdom of Value Investing. Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks start the day lower as tensions rise between the U.S. and China, billionaire investor Warren Buffett reveals massive recent losses and sells out of his airline stock holdings. The Dow pulled back nearly 400 points in the early going. The market staged a comeback during the trading day led by tech companies and oil stocks as the price of oil rebounded above $20 a barrel. Carnival announced plans to resume some cruises out of several U.S. ports starting August 1st, The Dow came in for a closing gain of 26 points. The latest market actoin and Investing ideas discussed with Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. On the oil rebound, oil analyst John Kilduff, Again Capital, CNBC contributor. On the Carnival story and outlook, cruise industry expert, Cruise Guy Stewart Chiron, President,  www.Cruiseguy.comSupport the show: https://www.frankmottek.com

The job picture goes from bad to worse as the economy slips into reverse during the ongoing coronavirus crisis. More pain on main street as the business lockdowns continue but reason to cheer on Wall Street. The stock market saw an impressive rebound in the month of April on government moves to bolster the economy, positive results on experimental coronavirus treatments and efforts to restart the economy. The month of May gets off to a rough start on the latest earnings reports. Special coverage continues with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Stephen Cheung, President, World Trade Center Los Angeles, Executive VP, LAEDC   www.LAEDC.org  and famed Wharton Finance Professor Dr. Jeremy Siegel. Mortgage rates hit record lows. The coronavirus crisis takes a toll on the real estate business. The latest discussed with Jeff Lazerson, President, MortgageGrader and O.C. Register columnist.        Support the show: https://www.frankm

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Another 3.8 million people get in to unemployment lines over the past week bringing the total to about 30.3 million over the past six weeks. The Fed expands its Main Street Lending Program for small and medium sized businesses. Stocks wrap up April with the biggest monthly gains for the Dow and SP500 since 1987. Today EXCLUSIVE INTERVIEW with the leader of the world's largest leisure travel company, Arnold Donald, CEO, Carnival Corporation, parent company of Carnival Cruise Lines and 8 other cruise brands on the enormous impact of the crisis on the cruise business, travel, consumers and the economy. Art Hogan, Chief Market Strategist, National Securities, on the April stock market rally, latest earnings and whether you should "sell in May and go away." Economist Kevin Klowden, Executive Director, Milken Institute Center for Regional Economics and California Center on potential coronavirus treatments and vaccines as well as the outlook for reope

Mottek On Money Special Edition -  Coronavirus Crisis Bear Market: Stocks rally in the face of another load of tough news including the economic growth sank 4.8% in the first quarter and even larger plunge is expected this quarter. The market cheered some encouraging results of an experimental coronavirus treatment being developed by Gilead Sciences. The Fed held the line on its benchmark short term interest rate at 0% and pledged to bolster its economic rescue measures if needed. The Dow closed UP 532 points. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Tracy Hernandez, Founding CEO, Los Angeles County Business Federation (www.bizfed.org) on how the L.A. business community is coping with the coronavirus crisis with various resources and also helping first responders. Serious health and financial issues for nursing home patients and their loved ones in this crisis discussed with Zoran Basich, elder law attorney and founder of Nursing Home Solutions ( www.nhscare.com ).Sup

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks end the day slightly lower after the latest rally fizzed out on a big drop in consumer confidence and stark assessments of the economy. The number of confirmed coronavirus cases in the United States passed 1 million and the death toll climbed to more than 58,000 nationwide. Peter Schiff, President of EuroPacific Capital, offers his tough assessment on the economy, his outlook on gold, real estate and inflation. Laurie Dhue, certified recovery specialist, national recovery advocate, television host, producer and long time network television news anchor discusses big concerns about alcohol abuse during the coronavirus crisis, its impact on the economy, virtual AA meetings and other resources in Los Angeles.   Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Economic storm clouds gather on Main Street as coronavirus shutdowns continue while it gets sunny on Wall Street with efforts to slowly begin reopening parts of the economy. The Dow closes up 358 points. Oil takes a 25% plunge to settle below $13/barrel. L.A. business leader, philanthropist Scott Minerd, Chairman of Investments and Global Chief Investment Officer, Guggenheim Investments discusses the current economic outlook, an unprecedented wave of joblessness and homelessness in Los Angeles. He explains how you can urgently help heroes on the front lines of the crisis at the Union Rescue Mission on L.A.'s skid row and pledges to match $1 Million in donations. (To donate: www.URM.org ) The founder of Consumer WatchDog, Harvey Rosenfield, asks the state insurance commissioner to suspend auto insurance rate hikes during the crisis and discusses other consumer issues. Oil analyst John Kilduff, Again Capital and CNBC contributor reacts to another

The coronavirus crisis continues to leave its impact on Wall Street and Main Street with the death toll hitting new highs, jobless claims topping 26 million over the past 5 weeks, the price of oil crashing to below zero then rebounding, congress passing another nearly $500B crisis rescue package, and stocks snapping a 2 week winning streak. The Dow wrapped up the week with a closing gain of 260 points to settle at 23,775. The week's big news and outlook discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Serious talks underway to reopen the economy, outlook for retailers and consumers discussed with Rick Caruso, Los Angeles business leader, philanthropist, developer of the most successful shopping destinations in Southern California including The Grove, Americana at Brand, Palisades Village and the Commons at Calabasas. Elder law attorney Zoran Basich, founder of Nursing Home Solutions https://www.nhscare.com   discusses critical information relat

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: More dismal readings on the economy including the latest weekly report on jobless claims showing another 4.4 million Americans got in to unemployment lines over the past week bringing the total to about 26 million. Congress is set to vote on a nearly $500B coronavirus rescue package for small businesses and workers. Oil jumps 20% after crashing to below zero this week. A report of a disappointing outcome on an experimental coronavirus treatment takes the steam out of the latest stock market rally. Analysis from economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center, Oil Analyst John Kilduff, Again Capital and CNBC contributor. Entertainment industry job losses mount in the current crisis. The outlook from industry pioneer Larry Namer, President and CEO of Metan Global Entertainment Group and founder of E Entertainment Television.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market -Stocks rebound after a two day slide. The Dow posts a closing gain of 457 points. Oil posts a nearly 20% gain, closing up $2.21 to $13.78 a barrel, in what's been an historic week in the oil markets which saw the price of oil collapse to below ZERO. Markets cheered the latest coronavirus rescue package coming together in congress. Market analysis from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Oil Analyst, Again Capital and CNBC contributor. Blake Polisky, Executive Vice President of Nature's Produce, a Los Angeles area food distribution company, (naturesproduce.com) explains how they've pivoted the business to directly serve consumers with warehouse pickup and delivery due to the shutdown of restaurants, hotels and schools it had served before the crisis hit.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks slip to the lowest levels in 2 weeks after the price of oil crashed to below zero on a plunge in demand and overflowing supply during the coronavirus shutdowns.  Oil did bounce back to finish around 10 dollars a barrel. The Dow came in for a closing loss of 631 points. A discussion on the latest epic news impacting Wall Street and Main Street with Maria Bartiromo, Global Markets Editor, Anchor, Mornings with Maria, Sunday Futures and Maria Bartiromo's Wall Street on the Fox Business Network. Susan Janson Ping, Owner, Kick It Up dance the fitness studio, Long Beach. John Kilduff, Oil Analyst, Again Capital and CNBC contributor. Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market - The price of OIL CRASHES TO BELOW ZERO. Oil plunged 306% under the weight of the enormous drop in demand due to the coronavirus shutdowns around the world and a flood of new supply with no place to put it. Oil took an historic drop of $55.90 a barrel settling to NEGATIVE $37.63 a barrel, the lowest price ever recorded. Oil stocks led the overall market lower. The Dow closed down 592 points. Analysis of the day's epic events and outlook with oil analyst John Kilduff, Again Capital, CNBC contributor and Jim Hausberg, Managing Director, Partner, HighTower Advisors in Los Angeles.Support the show: https://www.frankmottek.com

Stocks rally for the second week in a row despite more ugly readings on the coronavirus ravaged economy including a jobless claims surge of more than 5 million. California's unemployment rate spikes to 5.3%. The Dow ended the week with a closing gain of 705 points on moves to reopen the economy. A report saying an experimental coronavirus treatment showed some positive results also lifted investor sentiment. China's economy contracts by a record 6.8% in the first three months of the year. The latest assessment of the markets and the economy from 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'Shares ETFs, serial entrepreneur, author, Dr. Robert Kleinhenz, Principal Economist, Kleinhenz Economics, also affiliated with Cal State Long Beach and the Inland Empire Economic Partnership.  Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: So called "stay at home" tech companies lead a rebound on Wall Street while the economic pain on Main Street continues. Another 5.2 million Americans got in to unemployment lines over the past week bringing the total number over the past month to about 22 million, erasing nearly all of the job gains over the past decade. Amazon and Netflix stock hit record highs as consumers order online and watch movies online during the coronavirus lockdowns. Analysis from market veteran Bryan Perry, Editor of BryanPerryInvesting.com and author of the 25% Cash Machine. The latest eye popping number of jobless claims just the latest in a series of tough readings on the economy. The latest reports and outlook discussed with economist Kevin Klowden,  Executive Director of the Milken Institute's Center for Regional Economics and California Center in Santa Monica. United Health Foundation pledges $1 million to support vulnerable LA County residents during the

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks take the worst tumble in a couple of weeks on a blizzard of tough news on the coronavirus ravaged economy. Retail sales plunged a record 8.7% in March, manufacturing and overall industrial production record the biggest drops since 1946 when the U.S. demobilized after World War II and banks brace for big loan losses. Oil demand is expected to fall this year by the most ever due to the coronavirus shutdowns. Oil closed below $20 a barrel for the first time since 2002. Los Angeles gas prices move lower. The Dow came in for a closing loss of 445 points to settle at 23,504. A comprehensive mid week update on the economy and the markets with Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Oil analyst, Again Capital and CNBC contributor.Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market - Stocks rally on hopes business shutdowns imposed during the coronavirus pandemic might soon be eased. The rate of new coronavirus cases worldwide has slowed for the past three days. The Dow came in for a closing gain of nearly 560 points. Tech stocks led the way higher. The Nasdaq gained 323 points. Market analysis from Gabriel Wisdom, President, American Money Management. The IRS is giving taxpayers more time to file taxes this year because of the coronavirus crisis. Gregg Wind, CPA, Partner, Kallman, Logan & Co. in Brentwood discusses what you need to know as well as special provisions for 401K hardship withdrawls and loans this year. Julia Forth, Executive Director, Cancer Support Community Los Angeles, discusses free support programs available for some of the most vulnerable in the coronavirus crisis, cancer patients. Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks start the week with a pull back after the market's best weekly gain in 45 years. Investors turned cautious after the three day holiday weekend on uncertainty over when the economy will open up again and how much damage the crisis will do to company earnings which start coming out this week. The Dow came in for a closing loss of 329 points    Oil settled lower to $22.41/barrel. The latest on the markets and the economy discussed with Ken Winans, President, Chief Investment Officer, Winans Investments. Cruiseline stocks get hit again as the resumption of cruises is delayed again. The outlook discussed with cruise industry expert Stewart Chiron, President, Cruiseguy.com. Steven Barber, President, Vanilla Fire Productions discusses the coronavirus shutdowns impacting commemorations of one of mankind's greatest achievements: The epic struggle and safe return of the Apollo 13 astronauts after their spacecraft endured an explosion on

Another heartbreaking week as the number of coronavirus deaths and cases rise. Consumers and businesses suffer. Unemployment claims spike again while the lockdowns continue. The Fed announces an additional $2.3T of new support for the economy. Stocks close out the holiday shortened week with the best weekly gains in 45 years. Analysis of the latest news and a look ahead with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Business and civic leaders in Beverly Hills respond to the coronavirus crisis. An update from Beverly Hills City Councilmember (former Mayor) Dr. Julian Gold, M.D. The entertainment industry has virtually shut down because of the coronavirus pandemic. Gabrielle Carteris, the president of SAG-AFTRA discusses the union's response and resources.  Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: The Fed rolls out another $2.3 trillion dollars in new lending programs designed to ease the impact of the coronavirus crisis. This after another devastating weekly jobless claims report came in worse than expected at 6.6 million bringing the jobless claims total to nearly 17 million over the past three weeks. The stock market ended the holiday shortened week with a rally. The Dow gained nearly 13% for the week settling at 23,719. The SP500 ended the week up 12.1% to 2,790, its best weekly performance since 1974. The latest news discussed with Art Hogan, Chief Market Strategist, National Securities, Dr. Robert Kleinhenz, Economist, Kleinhenz Economics, L.A. County Supervisor Hilda Solis, former Secretary of the U.S. Department of Labor, Patrick D. Kelly, long time labor leader and union activist, Teamsters Union in Orange County.  Support the show: https://www.frankmottek.com

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks rally on the latest hopes the coronavirus pandemic is easing. The death toll hits new highs and the economic damage on main street continues. Financial markets now brace for the latest report on jobless claims due out Thursday morning. Market analysis from Michael Farr, President and CEO of wealth management firm Farr, Miller & Washington and CNBC contributor. Silicon Beach becomes Silicon stay-home as tech entrepreneurs are hit hard by the current crisis. An update from Josh Berman, co-founder of venture capital firm Troy Capital and co-founder of fintech company Quid which is providing liquidity to pre-IPO shareholders. Tough times in the restaurant business. A conversation with Jacqueline Canter, family owner of L.A's iconic Canter's Deli in the Fairfax district experiencing a Passover unlike any other in the restaurant's 89 year history.  Support the show: https://www.frankmottek.com