Mottek On Money

Mixed finish for stocks in a blizzard of earnings ahead of the end of a two day Fed policy setting meeting. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Housing affordability gets worse in Los Angeles as home prices tick up 11.9% over the past year according to the latest S&P CoreLogic Case-Shiller home price index. The latest discussed with Dr. Frank Nothaft, Chief Economist, Corelogic. In Orange County, Colette's Children's Home www.coletteschildrenshome.com  is among the 20 OC non profit groups participating in the Help Them Home giving day event on Wednesday, April 28th to help the homeless. The homeless crisis and fundraiser discussed with Billy O'Connell, Executive Director, Colette's Children's Home.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks rally ahead of the weekend as a new reading on manufacturing hits a record high and new home sales hit the highest since 2006. Mortgage rates pull back for the fourth week in a row. Stocks erase most of the losses seen in the previous session on reports President Biden plans to propose a tax hike on wealthy investors when he addresses a joint session of congress on Wednesday, the same day the Fed will wrap up a policy setting meeting. Bitcoin dips below $50K. Analysis of the markets, the economy and outlook from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Art Hogan, Chief Market Strategist, National Securities, John Kilduff, Oil Analyst, Again Capital, CNBC contributor, Jeff Lazerson, President, MortgageGrader.com, O.C. Register columnist.      Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on Southern California real estate. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic for our "Frank" discussion on real estate, the mortgage business and the economy. Corelogic has released its latest report on rents for single family homes. Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist has the latest on mortgage rates. Los Angeles City Councilmember Joe Buscaino, Chair of L.A.'s Trade, Travel and Tourism Committee, has an update on the waterfront redevelopment project in San Pedro and the massive infrastructure project underway at Los Angeles International Airport along with a discussion on L.A.'s economic recovery from the pandemic and solutions to L.A.'s homeless crisis.      Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Another record shattering week for stocks and cryptocurrencies on signs the economy is on a roll continuing the recovery from the pandemic recession. The Dow ended the week at 34,201 after ending above 34K for the first time on Thursday. Bitcoin saw a record shattering week moving above 64K as the crypto exchange Coinbase made its Wall Street Debut. Analysis of the markets and the economy with Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Scott Minerd, Global Chief Investment Officer, Guggenheim Investments, discusses the latest action on Wall Street and continued despair on parts of Main Street as L.A's homeless population continues to rise. He is leading the business community in supporting the Union Rescue Mission and its Angels of Hope fundraising telethon. More info here: www.URM.org  Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center has an update on vaccine distributions and the impact of the pause on the Johnson and Johnson vaccine plus the announcement that the Milken Institute Global Conference will be held in person again in Beverly Hills later this year. Kevin O'Leary, a.k.a. Mr. Wonderful on Shark Tank, Chairman of O'Shares ETFs and Beanstox provides his insights on the markets, the economy and cryptocurrencies.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks end the day at or near record highs. Bitcoin soars to a new high above $63K as the largest cryptocurrency exchange, Coinbase, is set for a direct listing on the Nasdaq. Both the SP500 and the Nasdaq close at all time highs. The Dow ended down 68 points, partially weighed down by shares of Johnson & Johnson which ended lower after U.S. regulators recommended a pause in administering its Covid vaccine to investigate reports of rare but potentially dangerous blood clots. The latest market action discussed with Art Hogan, Chief Market Strategist, National Securities. The latest readings on real estate, including mortgage delinquencies and foreclosures discussed with Dr. Frank Nothaft, Chief Economist at Corelogic and Oscar Wei, Deputy Chief Economist, California Association of Realtors.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks rally sending the Dow and SP500 to record highs. Big tech names participated in the latest rally as investors remain optimistic about economic growth and progress against the coronavirus pandemic. Bitcoin hovers near its all time high as more consumer facing companies invest in the cryptocurrency and begin accepting it as payments. Among them, Los Angeles based real estate company Caruso. The economic rebound, retail outlook and Bitcoin discussed with Los Angeles business and civic leader Rick Caruso, CEO of Caruso, developer of the most popular shopping destinations in Southern California including The Grove, Americana at Brand, Commons at Calabasas, Palisades Village as well the Rosewood Miramar Beach Resort in Montecito and the 8500 Burton Way luxury apartments. A new low-fare airline is set to start service at the Burbank airport. The new airline discussed with Andrew Levy, CEO of Avelo Airlines. Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox discusses the latest news on Bitcoin, a record shattering week for stocks, inflation and what he sees as the best looking economy since the 1950's on the horizon.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focusing on Southern California real estate. Home prices tick higher. Fixed rate mortgage rates move up. Affordability and availability the big issues as the traditional spring home buying season begins. Rays of sunshine in commercial real estate as pandemic restrictions are eased. The very latest reports from Dr. Frank Nothaft, Chief Economist, Corelogic, Oscar Wei, Deputy Chief Economist, California Association of Realtors, Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

A blockbuster March jobs report shows the economy added 916K jobs and the nation's unemployment rate fell to 6% from 6.2% as pandemic restrictions ease in many states including California. In reaction, benchmark government bond yields moved higher Friday in a holiday shortened session. The SP500 closed at a record high ahead of the three day Easter holiday weekend after the Dow had achieved a record high earlier in the week. Wall Street cheered the President's proposed $2.3T infrastructure plan, a strong reading on manufacturing and the latest vaccine news. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Jeff Lazerson, President, MortgageGrader and OC Register columnist, Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focusing on Southern California real estate and the latest readings on home prices, sales and the impact of Proposition 19 on real estate. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic with the latest SP Corelogic Case Shiller Home price index which includes Los Angeles, San Diego and San Francisco. Economist Jordan Levine, Chief Economist, California Association of Realtors and Los Angeles County Assessor Jeff Prang on the next phase of Prop 19 kicking in on April 1st and what you need to know about it. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

A late rally sends the Dow and SP500 to record highs on the best consumer confidence reading in a year, optimism about the ongoing covid vaccine rollout in the U.S. and the price of oil climbing above $60/barrel as a massive cargo ship continues to block the Suez Canal impacting oil tankers and hundreds of other ships. New concerns about a third wave of Covid in parts of Europe. Mortgage rates move up for the 6th week in a row. Analysis of the markets and the economy from John Kilduff, oil analyst, Founding Partner, Again Capital, CNBC contributor, Ben Stein, financial commentator, economist, author in a special "Frank and Stein" segment, Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox.      Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks pull back as coronavirus lockdowns are started or extended in parts of Europe including France, Germany, Poland and Greece. The Dow retreats 300 points at the closing bell. Oil tumbles 6% to $57.76/barrel on lower demand expectations. Meanwhile, Fed Chair Jerome Powell and Treasury Secretary Yellen deliver an upbeat assessment of the U.S. economic recover in a joint appearance before the House Financial Services Committee. Analysis of the latest market action with Art Hogan, Chief Market Strategist, National Securities. An update on commercial real estate from Spencer Levy, Chairman of Americas Research and Senior Economic Advisor for CBRE. And on the residential real estate side, the very latest readings plus the impact of higher mortgage rates and Prop 19 discussed with Oscar Wei, Deputy Chief Economist, California Association of Realtors. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mixed finish to a choppy but record shattering week for blue chip stocks. After closing at a record high above 33K for the first time on Wednesday, the Dow pulled back heading into the weekend as benchmark government bond yields hit 14 month highs sending mortgage rates higher. Fed Chair Jerome Powell reiterates the Fed's commitment "to provide the economy with the support that it needs for as long as it takes." Travel activity picks up with some cruise lines announcing plans to resume cruises in the Caribbean soon. The latest on the financial markets and the economy with Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, "Cruiseguy" Stewart Chiron, cruise industry expert, President, CruiseGuy.com, Jeff Lazerson, President, Mortgagegrader.com and O.C. Register columnist, Gregg Wind, CPA, Partner, Kallman & Logan, West L.A., Kevin O'Leary, a.k.a. Mr. Wonerful on TV's Shark Tank, Chairman of O'Shares ETFs, Beanstox and Kevin O'Leary Fine Wines. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Blue chip stocks slip slightly from record highs as the Fed begins a two day policy setting meeting that's set to wrap up on Wednesday with a statement on the economy, a decision on interest rates and a news conference by Fed Chairman Jerome Powell. The Dow slipped 128 points from its record high to settle at 32,826. Bitcoin pulled back a bit more from its record high and is now hovering near $56,500 after getting close to $61K over the weekend. The latest on the markets, economy and outlook from Art Hogan, Chief Market Strategist, National Securities. New readings on L.A. area home sales, home prices and single family rents. The latest discussed with Dr. Frank Nothaft, Chief Economist, Corelogic and Jordan Levine, Chief Economist, California Association of Realtors.     Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Blue chip stocks end the week at record highs following the signing into law of the $1.9T pandemic relief package one year after the devastating Covid pandemic was declared. Direct payments of up to $1,400 to individuals are expected to start flowing to bank accounts and mail boxes starting this weekend. Tech stocks pulled back as long term government bond yields ticked higher in a volatile week. Bitcoin got close to its record high above $58K before pulling back. The record breaking $69.3 million sale at auction of a purely digital work of art has grabbed the attention of the worlds of art and cryptocurrency and shined the spotlight on something called "non-fungible tokens." Southern California counties are set to move out of the most restrictive covid prevention rules allowing businesses including restaurants and theaters to reopen some indoor operations. The latest on the markets and the economy discussed with Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor at Allianz, former PIMCO CEO in Newport Beach, Celebrity Chef Wolfgang Puck, global restauranteur including Spago, Cut, Chinois, and Wolfgang Puck Catering, Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center and Kevin O'Leary, a.k.a. Mr. Wonderful Mega Investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox with a comprehensive conversation including Bitcoin, the record sale of the digital artwork, the latest Gamestop mania and the next season of Shark Tank returning to production in Los Angeles. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on Southern California residential and commercial real estate as the economy continues to recover from the pandemic recession. Guests: Dr. Frank Nothaft, Chief Economist, Corelogic, with the latest report on delinquencies and foreclosures, Jordan Levine, Chief Economist, California Association of Realtors with an update on home prices and sales as well as the association's push for a fair housing and equity legislative package in Sacramento. On commercial real estate, Spencer Levy, Chairman of Americas Research and Senior Economic Advisor, CBRE and David Damus, President/CEO, System Property Development and System Parking which recently celebrated its 100th anniversary in Los Angeles.   Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks wrap up a volatile week with a rally after yet another roller coaster ride as long term government bond yields make unusually wide moves before pulling back. The Dow ended the week with a closing gain of nearly 600 points. The bond market has reportedly just had its third worst week since the year 1830. Oil prices spike to the highest in nearly 2 years, moving above $66 a barrel. Gas prices in L.A. have hit the highest in more than a year. Better than expected news on the job front as the economy adds 379K jobs last month and the nation's unemployment rate slips to 6.2. Meanwhile work continues in Washington on a $1.9T Covid relief package and vaccine rollouts continue. Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox, John Kilduff, oil analyst, Founding Partner of Again Capital, CNBC contributor 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 See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on Southern California real estate including the latest report on home price growth from Corelogic Chief Economist Dr. Frank Nothaft, the latest on home sales and prices from Jordan Levine, Chief Economist at the California Association of Realtors and the latest on mortgage rates from Jeff Lazerson, President, MortgageGrader.com and O.C. Register columnist. Stocks pull back after what was the biggest one day rally of 2021.  A mortgage company stock among the big winners. The latest on the markets and the economy from Art Hogan, Chief Market Strategist at National Securities.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks take a bumpy ride and end the week lower as the yield on the benchmark 10 year note moves sharply higher sending mortgage rates up. The Dow posted 2 days of triple digit losses in a row. All of the major averages ended the month of February with gains. Bitcoin hit a record high above $57,000 and ended the week about $10K below that. The latest on the markets, the economy and Bitcoin discussed with Dr. Mohamed El-Erian, President, Queens' College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach https://www.mohamedel-erian.com/  and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and www.Beanstox.com  The latest on mortgage rates discussed with Jeff Lazerson, President, www.mortgagegrader.com  and O.C. Register columnist. The new Johnson and Johnson Covid vaccine will be available next week in California if all goes as planned. The latest on the vaccine rollout and outlook on the economic recovery discussed with Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. https://milkeninstitute.org/centers/fastercures Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on Southern California real estate and an impressive turnaround for the stock market with the Dow erasing about a 360 point intraday loss. The latest S&P Corelogic Case-Shiller Home Price index shows continuing price gains for Los Angeles and San Diego. The latest real estate trends discussed with Dr. Frank Nothaft, Chief Economist, Corelogic and Jordan Levine, Chief Economist, California Association of Realtors. On commercial real estate, Spencer Levy, Chairman of Americas Research and Senior Economic Advisor, CBRE. Stocks stage a late rally following the latest comments from Fed Chairman Jerome Powell on Capitol Hill. Bitcoin slides from its recent high. Analysis of the markets from Art Hogan, Chief Market Strategist, National Securities.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Another record shattering week for stocks and cryptocurrency Bitcoin which soared above $56,000. Mixed readings out on the pandemic ravaged economy including jobless claims up 13K to 861K. Retail sales jumped a better than expected 5.3% in January. L.A. area gas prices edge higher as a severe winter snow storm paralyzes the fuel industry in Texas sending oil above $60/barrel. Analysis of the markets, the economy and Bitcoin from Dr. Mohamed El-Erian, President, Queens' College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary a.k.a Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. Bill Allen, President/CEO, Los Angeles County Economic Development Corporation discusses the recent 2021 LAEDC Economic Forecast and discusses an upcoming event to guide people to community colleges in order to train for jobs that are in demand right now. www.laedc.orgwww.competitiveworkforce.la  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks end the week at record highs ahead of the three day Valentine’s Day / President's Day holiday weekend. Bitcoin grabs the spotlight after hitting a record high above $48,000 over the past week. Elon Musk's Tesla announced a $1.5B purchase of Bitcoin and plans to accept Bitcoin for vehicle purchases. Other companies including banking giant BNY Mellon announced plans to offer Bitcoin services. Analysis of the markets, the economy and cryptocurrencies from Dr. Mohamed El-Erian, President, Queen's College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox and Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. The premier economic forecast event for the Los Angeles area businesses is set for Wednesday, February 17th. The LAEDC Economic Forecast event will be virtual this year. www.laedc.org One of the keynote speakers, Bruce Katz, Founding Director of the Nowak Metro Finance Lab at Drexel University, previews his presentation on work to achieve a more equitable post pandemic economic recovery for Los Angeles. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on real estate. Guests: Economist Dr. Frank Nothaft, Chief Economist, Corelogic with the latest report on mortgage foreclosures and delinquencies in the pandemic recession. L.A. County Assessor Jeffrey Prang discusses Proposition 19, the first phase of which is set to be implemented next week impacting property taxes in California.  www.assessor.lacounty.gov Economist Jordan Levine, Chief Economist, California Association of Realtors.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks rack up a five day winning streak, the longest since August, and wrap up the week before Super Bowl Sunday at or near record highs. President Biden's $1.9T pandemic rescue package moved forward in the U.S. Senate and the latest encouraging news on vaccine distribution helped propel the market higher. The so called Reddit Rally stocks saw a volatile week with GameStop shares closing up 19% on Friday but posting a loss of 80% for the week. Analysis of the latest market action from Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. www.beanstox.com Los Angeles gas prices surge as the price of oil nears $60/barrel, the highest since before the pandemic crisis. The outlook for consumers and investors from oil analyst John Kilduff, Founding Partner of Again Capital, CNBC contributor. The vaccine rollout accelerates. The latest on Covid vaccines from Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. www.milkeninstitute.org/centers/fastercures Could be another volatile week for GameStop and other stocks that have been wildly popular with retail investors. Market veteran Michele "Mish" Schneider, Director of Education and Research at www.MarketGauge.com discusses the Reddit Rally and what might be ahead. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the pandemic. Today a special focus on the markets and real estate. Stocks rally on the latest earnings news, stimulus talks in Washington and vaccine distribution. The Dow closed up 476, Nasdaq gained 209 and the SP500 settled up 52. The so called Reddit Rally stocks which have seen big gains over the past week moved sharply lower including GameStop which closed down 60%, down $135 to $90. Silver slides 10%.  Oil moves above $55 dollars a barrel for the first time in a year. Amazon's Jeff Bezos announces plans to step down as CEO and will transition to executive chairman of Amazon’s board. Market analysis from Art Hogan, Chief Market Strategist, National Securities. Home prices tick higher in L.A. and nationwide according to a new report on home price growth from Corelogic. The latest on real estate from Economist Dr. Frank Nothaft, Chief Economist at Corelogic and Economist Jordan Levine, Chief Economist, California Association of Realtors. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

A week of manic trading on Wall Street with stocks including GameStop, AMC Entertainment and others soaring after individual investors on the popular free trading app Robinhood heavily bought those stocks in a social media frenzy while Wall Street investors placed big bets against those stocks. The wild moves in the market over the past several trading sessions have led to calls for congressional hearings and regulatory action. While others don't want to see any restrictions or regulations. GameStop shares soared 400% for the week. The Dow wrapped up the week with a closing loss of 621 points to 29,983, its worst week and worst month since October. Expert analysis on the markets and the economy, as well as an explanation of the manic market moves, from Dr. Mohamed El-Erian, President, Queens, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. The L.A. economy is being slowly reopened again this week. The latest from Wilmington-San Pedro L.A. City Councilmember Joe Buscaino and Bill Allen, President/CEO, The Los Angeles County Economic Development Corporation (LAEDC) www.LAEDC.org  www.saferatwork.la  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks bounce back after the worst one day drop since October as market mania continues with some brokerage platforms now stopping, suspending or limiting trading on certain stocks such as GameStop which have seen big moves in the so called Reddit Rally. Some lawmakers are now calling the stock market's integrity into question and are calling for congressional hearings as well as investigations. The Dow, which had been up about 650 points earlier in the session, came in for a closing gain of 300. Analysis of the market action and the economy from 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. Today marks the 35th anniversary of the Space Shuttle Challenger disaster. We honor the memory of the 7 Challenger astronauts including high school teacher Christa McAuliffe. A look back and a look ahead with retired NASA Astronaut and U.S. Navy Captain Robert Crippen who piloted the first space shuttle flight of Columbia in 1981. He later commanded 3 other space shuttle missions aboard Challenger. He also served as director of the entire space shuttle program and then as director of the Kennedy Space Center. www.stemadvantage.org  www.challenger.org    Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition focused on residential and commercial real estate. L.A. home prices post a yearly gain of 9.1% according to the latest S&P CoreLogic Case-Shiller home price index. San Diego home prices are up 12.3%. Home prices and sales continue to show impressive gains during the pandemic as mortgage rates continue to hover at or near record lows. Industrial real estate continues to be the shining star in commercial real estate as other sectors including office, restaurants and retail continue to struggle. The latest readings on real estate and analysis from Dr. Frank Nothaft, Chief Economist, Corelogic, Jordan Levine, Chief Economist, California Association of Realtors, Lewis Horne, President, Pacific Southwest Division, CBRE, past chairman of the Los Angeles County Economic Development Corporation (LAEDC)  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Another record shattering week for stocks as President Biden takes office and proposes a $1.9T American Rescue Plan saying the U.S. economic crisis was deepening because of the ongoing pandemic. Former Fed Chair Janet Yellen is set be confirmed by the U.S. Senate as the next U.S. Treasury Secretary. The Nasdaq ended the week at a record high and up 4.2% for the week. California's economy struggles as the vaccine rollout disappoints. Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox, Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center. Cruiselines make another tough announcement on cancelling more cruises into the new year because of the pandemic. The latest discussed with cruise industry expert Stewart Chiron, President, www.Cruiseguy.com   Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks slip from record highs as the covid pandemic continues to weigh on the economy. Weekly jobless claims hit a five month high approaching one million, retail sales pulled back for the third month in a row. New hope for small business owners struggling in the pandemic with the resumption of the Paycheck Protection Program and promises of more economic stimulus from the incoming Biden administration. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Celebrity Chef and global restauranteur Wolfgang Puck owner of Spago, Cut, Chinois and Wolfgang Puck Catering discusses the current state of the restaurant and catering business and his new reality series The Event on HBO Max which chronicles his catering of Hollywood's biggest celebrity events, and Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman of O'Share's ETFs and Beanstox.   Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks wrap up the first week of 2021 at record highs despite a chaotic week in Washington, new alarming numbers on the covid pandemic and job losses last month for the first time since last April. The market was lifted by expectations of massive economic stimulus from the soon to be Democratic controlled White House and congress. Bitcoin soars above $40K for the first time. LA's Union Rescue Mission sees its most challenging time ever helping L.A.'s homeless. www.URM.org  Analysis on the markets and main street economy from Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Scott Minerd, Global Investments Chief, Guggenheim Partners, and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, chairman of O'Shares ETFs and Beanstox. Los Angeles business and civic leader Rick Caruso, CEO, Caruso, pays tribute to two tireless champions of L.A. as the city mourns their loss this weekend: Hall of Fame Dodgers Manager Tommy Lasorda who has died at the age of 93 and former Los Angeles City Councilmember Tom Labonge, known as Mr. L.A., who has died at age 67.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street in the coronavirus crisis: Stocks rally to record highs on new stimulus hopes a day after the U.S. Capitol is stormed and congress certifies the election of Democrat Joe Biden as the next President. Tesla shares ride to new highs above $800 driving Elon Musk to the top of the list of the world's wealthiest people passing up Amazon's Jeff Bezos. Bitcoin pops above $40K for the first time. Analysis of the markets and the economy, investment ideas for 2021 and more with Gabriel Wisdom, CEO, Managing Director, American Money Management and Economist Kevin Klowden, Executive Director of the Milken Institute’s Center for Regional Economics and California Center. (Apologies in advance to all of our great listeners for my bout of laryngitis on this edition. 2020 and the roaring start to '21 finally caught up with me!)    Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks edge higher on the second day of trading in 2021, with the Dow up 168 points at the close, partially rebounding from the nearly 400 point closing loss the Dow sustained on the first trading day of the new year after a record shattering 2020. Investors were cautious ahead of the U.S. Senate seat run off election results in Georgia which could change the balance of power in the senate. Residential real estate prices continue to surge while commercial real estate stays under pressure in the ongoing pandemic. Analysis of the markets and the economy with Art Hogan, Chief Market Strategist, National Securities, Dr. Frank Nothaft, Chief Economist, Corelogic, www.corelogic.com  Jordan Levine, Chief Economist, California Association of Realtors. www.CAR.org   Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Happy New Year! Stocks close out the tumultuous pandemic year of 2020 at or near record highs with the Dow and SP500 ending all time highs, the Nasdaq closes out the year just below its all time high and sees its a nearly 44 percent gain for the year, its best annual gain since 2009. Gold and silver posted double digit gains for the year as the dollar sank to a 2 1/2 year low against other major currencies. Bitcoin hit a record high above $29,000. Oil wrapped up the year at $48.52/barrel rebounding from the 2020 low of negative $40 during the economic shutdown. Optimism persists for 2021 over new stimulus, Covid vaccines and Fed action. Analysis of the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, John Kilduff, Founding Partner, Again Capital, CNBC contributor, Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Santa shows up on Wall Street on Christmas eve as stocks end the holiday shortened week slightly higher. Drama continues to play out in Washington over the pandemic economic rescue package and the amount of the direct stimulus checks to individuals. A vote is now set for Monday in congress on increasing the amount from $600 to $2000. The holiday shopping season, the business outlook, retail trends and philanthropy discussed with Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of the most successful outdoor shopping destinations in Southern California including the Grove. www.thegrovela.comwww.paralosninos.orgwww.operationprogressla.org Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center discusses what's next following the hang up of the pandemic stimulus package as covid cases spike. Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETF's and Beanstox discusses the stimulus, the markets, the economy, vinyl music record sales hitting a record high and his doppelganger Post Malone.        Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: The holiday season, economy, consumers, pandemic, retail trends, education, philanthropy and the outlook for 2021 discussed with master entrepreneur Rick Caruso, CEO, Caruso, Los Angeles business innovator, civic leader and philanthropist, developer of the most successful outdoor shopping destinations in Southern California including The Grove, www.thegrovela.com  Americana at Brand, Commons at Calabasas, Palisades Village, residential properties including 8500 Burton Way www.8500burton.com  and oceanfront hotel in Santa Barbara County, the Rosewood Miramar Beach resort in Montecito www.rosewoodhotels.com/en/miramar-beach-montecito and Chair, USC Board of Trustees www.usc.edu Chair, advisory board of USC Caruso Catholic Centerwww.catholictrojan.org  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish with the Nasdaq ending the day at a record high. The Dow pulled back 200 points at the close. The financial markets digested the passage of a $900B economic rescue package in Washington, new alarming covid numbers, the latest consumer confidence reading hitting the lowest since May and Apple moving close to a record high on new buzz about a possible Apple car in the works. Analysis on the markets and the economy from veteran market strategist Art Hogan, Chief Market Strategist, National Securities. California real estate sales remain strong while other parts of  the country are seeing a pull back. The latest on real estate discussed with Jordan Levine, Chief Economist, California Association of Realtors.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

A record shattering week for stocks on the latest assurances from the Fed, the start of covid shots, the FDA approval of a second coronavirus vaccine for emergency use and work on another economic rescue package in Washington. Meanwhile, the coronavirus crisis continues with cases and deaths hitting new highs, business restrictions lead to a jump in jobless claims for the second week in a row and retail sales dipped last month at the start of the holiday season. The latest on the markets and the economy discussed with Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, a.k.a. Mr. Wonderful mega investor on TV's Shark Tank, Chairman, O'Shares ETFs and Beanstox. Jeff Lazerson, President, Mortgage Grader and Orange County Register columnist discusses mortgage rates hitting record lows and changes that could allow more consumers access to home loans. Certified Public Accountant Gregg Wind, Partner, Kallman and Logan & Co. CPAs, West Los Angeles, Past-President, LA Chapter of the California Society of CPAs, discusses 2020 year end tax planning.    Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks rally to record highs on signs a $900B pandemic rescue package is coming together in congress and could be approved by this weekend. An FDA advisory panel declares the covid vaccine made by drug company Moderna safe and effective. All this as covid cases and deaths continue to spike and the economic impact continues to be felt with unemployment lines getting longer this past week by more than 20K to 885,000, a nearly four month high. The Dow closes up 149 points to 30,303. Bitcoin hits a record high above $23,000. The latest on the markets and the economy discussed with 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. Our series continues recognizing outstanding entrepreneurs in this pandemic year. L.A. based  Thorofare Capital’s Kevin and Brendan Miller were selected by EY as finalists for the Entrepreneur of the Year 2020 Awards in Greater Los Angeles. Thoroughfare Capital's founder and CEO Kevin Miller discusses the firm, commercial real estate lending in the pandemic and the entrepreneurial spirit in L.A.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

The FDA approves emergency use of the Pfizer/BioNTech covid vaccine for use in the U.S. as coronavirus cases and deaths continue to surge with the national death toll now approaching 300,000. Jobless claims hit a three month high as new business restrictions kick in. Meanwhile, no deal yet in Washington on a proposed $900B economic rescue package. Stocks pulled back after a record run up in a week which featured the Airbnb IPO, the biggest initial public stock offering of the year. Analysis on the markets and the economy with Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Kevin O'Leary, Mr. Wonderful investor on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. L.A. county hair salons and barber shops endure a third government ordered shutdown because of the ongoing pandemic. The latest discussed with Giuseppe Franco, celebrity hair stylist and salon owner in Beverly Hills.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Stocks post a mixed finish on the latest weekly jobless claims moving up to a three month high on new business shutdowns in the face of a record rise in covid cases, stimulus talks continuing but still no deal in Washington and an FDA advisory committee meeting to approve emergency authorization of the Pfizer - BioNTech covid vaccine (which was given after the closing bell). Airbnb becomes the biggest IPO of the year and the stock soars more than 100% in its Nasdaq debut. The Dow slips 70, Nasdaq gains 67, SP500 closed down 5 points. The latest on the markets and the main street economy discussed with Art Hogan, Chief Market Strategist, National Securities www.yournational.com  John Carroll, Owner Caroll Custom men's clothing in Beverly Hills www.carollcustom.com and Economist Kevin Klowden, executive director of the Milken Institute’s Center for Regional Economics and California Center www.milkeninstitute.org        Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Another record shattering day for stocks after a lower start on sluggish stimulus talks in Washington as covid numbers continue to spike to new highs. The latest vaccine news including the start of covid shots in the UK and expectations a covid shot will be approved within days in the U.S. turned the market higher. Tesla ended the day at a new high sending its market cap above $600B. Analysis of the markets, the economy and latest vaccine news with Art Hogan, Chief Market Strategist, National Securities. The latest on real estate, the mortgage business and California property taxes due this week with guests including Dr. Frank Nothaft, Chief Economist, Corelogic, Leslie Appleton-Young, Chief Economist, Calfiornia Association of Realtors and Dan McAllister, San Diego County Treasurer-Tax Collector.  www.sdttc.com  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.

Stocks wrap up the week at record highs as economic stimulus talks resume in Washington following a weaker than expected reading on hiring for the month of November in the face of an alarming rise in coronavirus cases. The latest news on covid vaccines remains encouraging. Analysis on the markets, economy, vaccines and entrepreneurs with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman of O'Shares ETFs and Beanstox. Top L.A. entrepreneurs are honored at the EY Entrepreneur of the Year Awards for Greater Los Angeles. Among them Dr. Thomas Buttgenbach, co-founder, CEO and President of L.A. based 8minute Solar Energy and Gail Becker, Founder and CEO of L.A. based CAULIPOWER. Jeff Lazerson, President, Mortgage Grader and O.C. Register columnist discusses mortgage rates hitting new lows.  Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.