Mottek On Money

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