Mottek On Money

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: The Fed rolls out another $2.3 trillion dollars in new lending programs designed to ease the impact of the coronavirus crisis. This after another devastating weekly jobless claims report came in worse than expected at 6.6 million bringing the jobless claims total to nearly 17 million over the past three weeks. The stock market ended the holiday shortened week with a rally. The Dow gained nearly 13% for the week settling at 23,719. The SP500 ended the week up 12.1% to 2,790, its best weekly performance since 1974. The latest news discussed with Art Hogan, Chief Market Strategist, National Securities, Dr. Robert Kleinhenz, Economist, Kleinhenz Economics, L.A. County Supervisor Hilda Solis, former Secretary of the U.S. Department of Labor, Patrick D. Kelly, long time labor leader and union activist, Teamsters Union in Orange County.  Support the show: https://www.frankmottek.com