Mottek On Money

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