Mottek On Money

Mottek On Money Special Edition - covering Wall Street and Main Street: The New York Stock Exchange and other U.S. stock exchanges hold 8 minutes and 46 seconds of silence in honor of George Floyd coinciding with the beginning of Floyd’s funeral in Houston. Coronavirus cases continue on the rise in California. Tech stocks rally sending the Nasdaq to a record high close for the second day in a row. The Dow pulls back 300 after a six day rally. Bank of America commits $1B in support of local communities to address economic and racial inequality accelerated by the coronavirus crisis. Raul Anaya, Bank of America Market President for Greater Los Angeles discusses the announcement, the economy, diversity, small business lending programs and post pandemic business. Prominent economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics discusses the latest news on the economy, the official recession declaration, outlook on business re-openings, retail and real estate.  Support the show: https://www.frank