Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks open lower on the latest jobless claims report showing nearly 3 million more people got into unemployment lines over the past week bringing the two month total to about 36.5 million. The Dow tanked about 450 points during the trading session but then turned around as oil and bank stocks rebounded. The markets also perked up as another economic rescue package comes together in Washington. The Dow posted a closing gain of 377 points. The latest news on the economy, jobs, outlook and latest work on coronavirus vaccines discussed with economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. ( https://milkeninstitute.org/ )  Long time Southern California labor leader and activist Patrick D. Kelly with the Teamsters Union discusses the crisis impact on local jobs and the economy. Tina Oswald, Executive Director of the Resident Relief Foundation ( https://residentrelieffound