Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Tech stocks lead a recovery on Wall Street as the coronavirus crisis claims another 3.2 million more jobs over the past week. The tech heavy Nasdaq popped above 9000 and erased all of the losses racked up since the dramatic bear market sell off started earlier this year. The Nasdaq, which includes tech companies in demand during the crisis, is now fractionally positive for 2020.  The Dow came in for a closing gain of 211 points and is still down 16% percent since the start of the year. California faces a new state budget crisis with a projected shortfall of $54.3B. Analysis on the markets, economy, jobs, oil, coronavirus vaccine research and more with guests: Art Hogan, Chief Market Strategist, National Securities and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center.    Support the show: https://www.frankmottek.com