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