Mottek On Money

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